nasdaqstocks
Gold and critical minerals exploration company Nova Minerals (ASX:NVA,NASDAQ:NVA,NASDAQ:NVAWW) announced the closing of its underwritten NASDAQ initial public offering (IPO) of 475,000 units on July 26. “A US listing has been our goal for a long time as the logical next step with our flagship Estelle Gold Project being a North American asset and an increasing US investor base,” Nova Minerals CEO Christopher Gerteisen said. “Now it’s a reality, and we believe this can be a catalyst to create further shareholder value through increased exposure and liquidity available in the US market.” Each uni...
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The American stock market rebounded on Monday (July 22) following significant downturns last week, and after Sunday's (July 21) news that US President Joe Biden will not seek re-election. Biden announced on social media platform X, formerly Twitter, that he is exiting the presidential race, and endorsed Vice President Kamala Harris as his replacement. He plans to complete his term as president. By midday, the Dow Jones Industrial Average (INDEXDJX:.DJI) was up 0.36 percent, reaching 40,433.02 points. Meanwhile, the S&P 500 (INDEXSP:.INX) had increased by 0.86 percent to hit 5,552.57 points, an...
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Tesla’s (NASDAQ:TSLA) share of the US electric vehicle (EV) market fell below the 50 percent threshold for the first time ever in 2024's second quarter, according to a July 11 report from Cox Automotive. The company’s dominant position in the American EV market, which it has held since the introduction of its Model S in 2012, took a hit on the back of competition from rival automakers, including EV manufacturers in China. Tesla accounted for 49.7 percent of EV sales in the US from April to June, down from 59.3 percent a year earlier. The decline came despite growth in overall US EV sales, whic...
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Artificial intelligence (AI) has emerged as a valuable tool for solving complex societal issues, and although it's a new industry, its impact is already being felt in key areas of the life science sector. AI models in healthcare are quickly advancing beyond basic tasks like medical transcription and administrative streamlining; many systems can now effectively analyze extensive genetic data. By harnessing AI models' ability to identify patterns and make predictions, medical professionals can institute more effective, personalized treatments and develop precision tests to catch diseases earlier...
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After a meteoric surge this year, NVIDIA (NASDAQ:NVDA) has overtaken tech behemoths Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) to become the world's most valuable public company. The rise of artificial intelligence (AI) has played a major role in its rise. The company's graphics processing units (GPUs) are essential for AI systems, and demand has leaped as AI becomes a part of everyday life. NVIDIA has continued to progress amid the AI craze. In March, the company announced the debut of Blackwell, a brand-new line of AI GPUs that promises a seismic jump in computing power compared to its ...
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Apple (NASDAQ:AAPL) was in the spotlight this week at its annual Worldwide Developers Conference (WWDC), unveiling a new artificial intelligence (AI) strategy through its partnership with OpenAI. During a nearly two hour presentation, Apple CEO Tim Cook and other senior executives introduced Apple Intelligence, a suite of AI-powered features that will be embedded across Apple’s devices. Central to this initiative is the integration of OpenAI’s ChatGPT, which will enhance Apple's virtual assistant Siri, allowing it to perform a broader range of tasks. “All of this goes beyond artificial intelli...
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At its Worldwide Developers Conference (WWDC) on Monday (June 10), Apple (NASDAQ:AAPL) unveiled new features for its various operating systems, with several powered by artificial intelligence (AI). The company announced impressive interactive features, such as spatial photos and enterprise-specific APIs for visionOS 2, along with new partnerships with Canon (TSE:7751) and Blackmagic Design for photo and video production. Additionally, CEO Tim Cook shared that Apple Vision Pro will be rolling out in eight new countries this summer: Japan, China and Singapore on June 28, and Canada, Germany, Aus...
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NVIDIA (NASDAQ:NVDA) officially became the second most valuable publicly traded company in the world on Wednesday (June 5), overtaking Apple (NASDAQ:AAPL) as its market cap exceeded the US$3 trillion mark. This places NVIDIA just behind Microsoft (NASDAQ:MSFT), whose market cap stands at US$3.15 trillion. The company’s meteoric rise, which has now taken its share price to more than US$1,200, has been fueled by a wave of demand for technologies related to artificial intelligence (AI), which has seen a surge in interest since 2023. NVIDIA's dominance in the AI chip industry is evident, with the ...
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Advanced Micro Devices (AMD) (NASDAQ:AMD) has fired its latest salvo in the battle for dominance in the artificial intelligence (AI) chip market, unveiling its newest processors at the Computex trade show in Taiwan. Led by CEO Lisa Su, AMD introduced the MI325X accelerator, slated for release in this year's fourth quarter. Reuters notes in a Monday (June 3) article that AMD is looking to challenge NVIDIA (NASDAQ:NVDA), which is the current leader of the AI semiconductor market at 80 percent. The sector is quickly gaining importance as AI applications grow. Su emphasized that AMD is seeking to ...
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Tesla (NASDAQ:TSLA) is taking steps to mend strained relationships with European leasing companies following a series of retail price cuts that have negatively impacted fleet values. According to Reuters, Elon Musk's Tesla is attempting to stabilize its market position by offering unofficial discounts and addressing longstanding service issues to restore confidence among buyers. Tesla's retail price cuts were designed to counteract softening global demand for electric vehicles (EVs) and rising competition, particularly from Chinese automakers like BYD (OTC Pink:BYDDF,SZSE:002594). However, the...
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