Normally, when Nvidia stock goes up, so does the market. That wasn't the case this past earnings season.
The "Ultra Accelerator Link," is an attempt to establish an open standard for communication between artificial intelligence accelerators - systems that can help process the vast amounts of data employed in AI tasks. Other members of the grouping include Alphabet-owned Google, Cisco System, Hewlett Packard Enterprise and Intel. Nvidia, the biggest player in the AI chip market with a share of around 80%, is not part of the grouping.
Harding Loevner, an asset management company, released its “Global Equity Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund generated a 6.9% gross of fee return in the first quarter compared to an 8.3% gain for the MSCI All Country World. Despite rising bond yields, the stock market […]