Chipmaker Nvidia has introduced a new revenue-sharing programme designed to support fast-growing artificial intelligence startups by providing access to computing power in exchange for a share of future revenue. The company announced that the initiative will offer token credits to AI startups to help power their development. Under the programme, cloud-based AI companies, model developers
Cathie Wood’s ARK Innovation ETF has bought back into SoFi Technologies (NASDAQ: SOFI) just as the beaten-down fintech stock is trying to recover from a difficult first half of the year. ARKK bought 299,753 SoFi shares across June 29, June 30 and July 1, worth about $5.5 million based on SoFi’s July 1 close of $18.44,
The eurozone economy showed signs of stabilisation in June as manufacturing activity remained in expansion territory and the services sector contracted at a slower pace, according to the latest S&P Global Purchasing Managers’ Index (PMI) survey. The survey indicated that the services industry continued to shrink during the month, but the pace of contraction eased
The British pound was on track to record its biggest weekly gain against the US dollar in 12 weeks on Friday. The currency was supported by easing domestic political concerns and weaker-than-expected US labour market data, which weighed on the dollar. Sterling rose 0.1% to $1.3357 during the session. The move brought its weekly gain
Anyone deciding between BloFin and Bybit for copy trading wants the same thing: which one lets me mirror a trader more precisely, vet that trader’s record more thoroughly, and keep more of the profit. Most comparison pages that rank for this question answer with a generic score or a feature checklist that leaves the copy-trading
Investor Michael Burry, best known for his successful bet against the US housing market portrayed in The Big Short, has reportedly opened a short position in Micron Technology (MU), arguing that the memory chip maker’s recent rally has been driven by speculative enthusiasm rather than fundamentals. According to a post published on his Substack, Burry
The Kospi Index slumped by over 7% as volatility in the South Korea’s equity market continued. It plunged to a low of 7,733, down by 17.50% from its highest point this year. Memory stocks drag the Kospi Index lower The Kospi Composite Index remained on edge today as its recent volatility gained momentum. It has
Oil prices are almost back where they were before the US-Iran war jolted global markets, but traders are not treating the calm as a clean ending. Brent crude has slipped back toward $71-$73 per barrel, while West Texas Intermediate is hovering around $68-$70 per barrel, erasing much of the panic premium that took hold earlier
The Nikkei 225 Index has sold off recently as investors book profits following its strong rally to the all-time high of 72,781 in June. It was trading at 69,190 on Thursday, up by 37% this year. This article looks at the key catalysts that will drive the index this month. Nikkei 225 Index to react
Gold’s rebound has not fully changed the argument around bullion. The metal is back above the $4,000 line after softer US data knocked the dollar lower, but the market is still reluctant to chase prices higher before the official jobs report. Traders are weighing two competing signals: a cooling labour market that helps gold, and