It’s official: Uber Technologies will be added to the S&P 500 index. Uber, Jabil and Builders FirstSource will be added to the S&P 500 before trading begins on Dec. 18, according to S&P Dow Jones Indices, which monitors the index. The announcement came after the close of trading on Friday. The Uber expansion is no … [Read more…]
Nvidia is likely to thrive despite recent uncertainty in the AI space, from management turmoil at OpenAI to the U.S. government tightening chip export restrictions. The big question is what management will say about its progress in easing supply constraints to meet rising demand when the company reports earnings after the market closes on Tuesday. … [Read more…]
Baidu shares rose on Tuesday after the Chinese technology company reported better-than-expected quarterly results, giving investors hope for growth in its artificial intelligence business amid risks to the sector. Baidu (ticker: BIDU) reported profit of 20.40 Chinese yuan ($2.86) per share on revenue of 34.5 billion yuan ($4.8 billion), beating expectations FactSet reported earnings of … [Read more…]