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May 30 (Reuters) – HP Inc (HPQ.N) on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets. Companies such as HP, Lenovo (0992.HK) and Dell Technologies Inc (DELL.N) have seen demand ease from peaks hit during the pandemic, when work-from-home trends… Continue reading Untitled

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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source

Nvidia joins $1 trillion valuation club on booming AI demand

Summary Companies Nvidia one of five $1 trillion U.S. companies Shares up 240% since October AI propels market gains May 30 (Reuters) – Nvidia Corp (NVDA.O) joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest… Continue reading Nvidia joins $1 trillion valuation club on booming AI demand

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NEW YORK, May 30 (Reuters) – Short sellers in shares of Nvidia Corp. (NVDA.O) were down $4.1 billion in mark-to-market losses over the past three trading sessions, financial data firm S3 Partners said Tuesday. The chipmaker after the close last Wednesday released its quarterly results and forecast second-quarter revenue more than 50% above Wall Street… Continue reading Untitled

Technologycategory

Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source

US agency closes investigation into Tesla game feature

WASHINGTON, May 30 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Tuesday it is closing its investigation into 580,000 Tesla (TSLA.O) vehicles over the automaker’s decision to initially allow games to be played on the front center touchscreen. Shortly after NHTSA opened its investigation into Tesla’s “Passenger Play” in December 2021, Tesla agreed… Continue reading US agency closes investigation into Tesla game feature

China foreign minister meets with Elon Musk in Beijing

BEIJING, May 30 (Reuters) – China will create a better market-oriented business environment for enterprises from all countries, including Tesla, China’s foreign minister Qin Gang said during a meeting with Tesla’s Elon Musk on Tuesday. China will continue to unswervingly promote high-level opening-up and strive to create a better international business environment, Qin told Musk,… Continue reading China foreign minister meets with Elon Musk in Beijing

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SINGAPORE, May 30 (Reuters) – Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin , was around A$34,000 ($23,062) on Binance Australia,… Continue reading Untitled

France inaugurates first of four gigafactories in the north

[1/4] French Finance Minister Bruno Le Maire visits the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. REUTERS/Pascal Rossignol/Pool BILLY-BERCLAU, France, May 30 (Reuters) – France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants… Continue reading France inaugurates first of four gigafactories in the north