At the beginning of the second week of August, stock markets experienced significant declines, causing concern among investors. Stock values were in considerable negative territory and analysts were quick to compare the situation with the last financial crisis. However, on Friday 9 August, the situation changed: the S&P 500 index had already...
Driven by the boom in artificial intelligence (AI), US company Nvidia has grown significantly over the past year, so that its market value now exceeds the entire German stock market and even the gross domestic product of Russia or Canada. Only seven global economies and companies like Microsoft and Apple are ahead of it. When it released its ...
Exactly 15 years ago, the first version of Minecraft was released to the public. Its creator, now 44-year-old Swedish developer Markus "Notch" Persson, didn't believe in its success at first. Eventually, however, this seemingly simple title became a worldwide phenomenon. Minecraft was developed by Mojang and launched on 17 May 2009. Notch, as...
Nvidia's financial results for the last quarter of last year exceeded all expectations and redrew the economic map. The US chip giant reported a meteoric rise in profits to $12.3 billion, a jump of 769 per cent compared to the same period last year. Sales reached a respectable $22.1 billion, a dramatic increase of more than three times compared ...
The CEO of Advanced Micro Devices (AMD) has engineered one of the biggest turnarounds in Silicon Valley history, boosting the share price of the ailing semiconductor maker more than 30 times in less than 10 years. It is now gearing up for the battle in artificial intelligence (AI) as part of the coming revolution. Today, AMD is a well-known a...