Digital Gold Rush If you think AI is just a fad, think again:. Last week, NVIDIA (NVDA), poster child of the industry, reported an astounding $26 billion in revenue for the previous quarter, pushing its stock price above $1,000. NVIDIA, which makes chips that are essential for AI, brought in $14.9 billion in net income,…Read more
Biden Takes on China Last week, President Joe Biden announced tariffs on some $18 billion worth of Chinese goods, building on policies instituted by his predecessor, former President Donald Trump. Biden focused on goods he claimed were unfairly subsidized by the Chinese government, including steel, electric vehicles, batteries, and solar panels. This should be good…Read more
The conversation about currencies died down a bit while earnings announcements took center stage, and with the U.S. dollar losing a little steam over the past month there hasn’t been quite as much to talk about. Moreover, with rate cuts not expected until fall at the earliest, the effects of monetary policy on currency moves…Read more
