The results calmed – at least temporarily – investor nerves frayed over concerns that an AI boom has outrun fundamentals. Global markets have looked to the chip designer to determine whether investing billions of dollars in AI infrastructure expansion has resulted in an AI bubble.Read More
On Wednesday, Nvidia provided a reminder of just how much the world craves those chips. The company said that in its most recent quarter, its profit was $31.9 billion, up 65% from a year ago and 245% from the year before that. Among the tech industry’s giants, only Google’s parent company, Alphabet, made more money in the same quarter.Read More
Kotak Mahindra Bank and Federal Bank are negotiating to buy Deutsche Bank’s India retail and wealth portfolios as the German lender seeks a full exit. Talks focus on valuation and loan bundle details.Read More
Sebi is developing guidelines to make company data easily understandable for investors, addressing concerns over high IPO valuations of new-age companies. The regulator aims to simplify information disclosure and may consider restrictions on discounted preferential shares issued to founders before IPOs. Sebi also plans to streamline FPI registration to expedite the process for foreign investors.Read More
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