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Nvidia leaves China's 'DeepSeek ghost' behind with $1 trillion rally; reason includes Microsoft, Meta, Google and Amazon

Nvidia leaves China's 'DeepSeek ghost' behind with $1 trillion rally; reason includes Microsoft, Meta, Google and Amazon

Time of India6 hours ago

Nvidia Corp shares have surged $1 trillion in two months, with investors betting on further gains as concerns fade and optimism grows, according to Bloomberg. Nvidia's recent earnings report addressed key worries, including U.S. restrictions on advanced
semiconductor sales to China
, AI spending outlooks, and Nvidia's ability to scale up its Blackwell chip supply. With this the stock left behind the huge dent that China's DeepSeek made in US stock market in January this year. DeepSeek set off a $969 billion bomb of value by the US technology stocks in the S&P 500. Nvidia was battered most in the carnage. Nvidia alone lost $596 billion in value, which is more than more than 485 S&P 500 stocks are individually worth.
Nvidia's nearly $600 billion drop in value in one day is reportedly more than 200% larger than the No. 2 hit: A $194 billion loss at Broadcom.
'Those questions have been answered in the positive for Nvidia,' said Thomas Martin, senior portfolio manager at Globalt Investments. 'It's time to ramp back up your ownership,' Bloomberg reported.
After a two-and-a-half-year rally driven by demand for AI chips, Nvidia's stock fell earlier in 2025 due to fears over President Trump's trade policies and potential reduced spending by major customers. Since April's low, the stock has climbed over 45%, reaching a $3.4 trillion market value, just behind Microsoft, per Bloomberg.
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Major clients like Microsoft, Meta, Alphabet, and Amazon, which drive over 40% of Nvidia's revenue, are projected to spend $330 billion on AI infrastructure in 2026, up 6% from this year, according to Bloomberg's analyst estimates. 'We just haven't seen any kind of slowdown in AI spending,' said Samuel Rines of WisdomTree, who believes Nvidia's price-to-earnings ratio could hit the high 30s or low 40s.
Nvidia trades at 29 times projected profits, below its decade-long average of 34, and its PEG ratio of under 0.9 is the lowest among the Magnificent Seven, report noted. Despite risks from U.S. tariffs and reliance on China for 13% of Q1 revenue, deals with Middle Eastern governments and a strong product pipeline are expected to mitigate challenges.
Analysts are overwhelmingly positive, with only one of 78 rating Nvidia a sell and an average price target of $170, implying a 24% gain, Bloomberg data shows. Despite this, Nvidia is owned by only 74% of long-only funds, trailing Amazon, Apple, and Microsoft, suggesting room for more buying, per Bank of America data cited by the report.
'There were a lot of investors that really got out of this market prematurely and now they're kind of being forced back into it,' said CFRA Research's Angelo Zino, according to Bloomberg.
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US stock market today: S&P 500 flat, Dow Jones down, Nasdaq‑100 up— biggest gainers, losers as Wall Street eyes US-China trade talks and potential tariff deal
US stock market today: S&P 500 flat, Dow Jones down, Nasdaq‑100 up— biggest gainers, losers as Wall Street eyes US-China trade talks and potential tariff deal

Economic Times

timean hour ago

  • Economic Times

US stock market today: S&P 500 flat, Dow Jones down, Nasdaq‑100 up— biggest gainers, losers as Wall Street eyes US-China trade talks and potential tariff deal

How are the major indices performing? S&P 500 (SPY): Sitting steady at about 599.15, virtually unchanged from the previous close, remaining just under the 6,000 mark. Sitting steady at about 599.15, virtually unchanged from the previous close, remaining just under the 6,000 mark. Dow Jones Industrial Average (DIA): Dropping roughly 0.21% to 427.47, reflecting some investor caution. Dropping roughly 0.21% to 427.47, reflecting some investor caution. Nasdaq-100 (QQQ): Climbing around 0.16% to 530.77, fueled by strength in the tech sector. Which stocks are making the biggest moves? Warner Bros Discovery: Surging 7-9% following news of a company split. Surging 7-9% following news of a company split. IonQ: Up about 3% after announcing an acquisition of Oxford Ionics. Up about 3% after announcing an acquisition of Oxford Ionics. Merck: Rising 1.1%, boosted by positive trial results. Rising 1.1%, boosted by positive trial results. Nvidia: Gaining between 1.3% and 2.3%, riding the wave of AI enthusiasm. Gaining between 1.3% and 2.3%, riding the wave of AI enthusiasm. Qualcomm: Jumping 4.4% on completion of its Alphawave IP purchase. Jumping 4.4% on completion of its Alphawave IP purchase. Apple: Adding 0.7%, supported by new AI features unveiled at the WWDC event. Robinhood: Dropping 7.4% after being excluded from the S&P 500 index. Dropping 7.4% after being excluded from the S&P 500 index. Tesla: Down between 0.3% and 2%, impacted by a recent downgrade and fallout from Musk-related news. Down between 0.3% and 2%, impacted by a recent downgrade and fallout from Musk-related news. EchoStar: Falling 8.2% amid bankruptcy rumors. Live Events Why are the US and China meeting now — and what's at stake for the stock market? What's driving the stock market recovery in 2025? Are tariffs still in effect, and why does it matter now? Could US-China trade deals shape the next market trend? What's driving the market today? Trade talks between the U.S. and China in London continue to shape investor sentiment, contributing to the Dow's decline and a slight Nasdaq boost. in London continue to shape investor sentiment, contributing to the Dow's decline and a slight Nasdaq boost. Inflation concerns remain front and center , with traders awaiting this week's CPI and core PCE data releases. Expectations suggest the Federal Reserve may hold interest rates steady for now. , with traders awaiting this week's CPI and core PCE data releases. Expectations suggest the Federal Reserve may hold interest rates steady for now. Sector trends show technology stocks powering the gains, while healthcare lags behind. What should investors watch next? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The US stock market opened slightly weaker on Monday, June 9, as Wall Street turned its attention to critical trade talks between the United States and China. Early trading saw the Dow Jones Industrial Average fall by 185 points, or about 0.5%, marking a cautious start to the week. The S&P 500 dipped 0.1%, while the Nasdaq Composite edged up slightly by 0.1% around 9:35 a.m. Eastern are closely watching the developments in London, where senior officials from both countries are meeting to ease long-standing trade tensions. The discussions aim to address a range of economic disputes and possibly roll back mutual tariffs that have been weighing on global supply chains for week's US-China trade talks are seen as pivotal for the global economy. Tariffs imposed in past years have disrupted everything from electronics to heavy equipment. Though those tariffs are currently paused, no permanent deal has been believe that progress in these talks could help avoid a potential economic slowdown or even a recession, especially if they result in the reduction or removal of tariffs on both sides. A positive outcome could also reignite investor confidence and fuel another leg up in the US stock market modest moves reflect investor hesitancy. Market players are clearly waiting for concrete news before making big decisions. The S&P 500 remains just 2.5% below its all-time high, buoyed by hopes that the US may reach trade agreements that roll back tariffs major factor behind the stock market's strong recovery has been the belief that President Donald Trump will reduce trade barriers as part of broader global deals. After plunging by nearly 20% from its peak two months ago, the S&P 500 has made a swift optimism is largely driven by expectations that smoother trade relations — particularly with major economies like China — will relieve pressure on multinational companies and bring stability back to supply both the US and China have put a pause on new tariffs, but existing ones remain. These tariffs have cost industries billions, increased consumer prices, and created uncertainty for global important now is whether these paused tariffs are finally lifted. This could significantly improve the flow of goods, lower costs, and potentially lead to more business investments, especially in sectors like tech, agriculture, and Any meaningful breakthrough in US-China trade negotiations could serve as a key catalyst for markets. Investors are looking for long-term clarity, not just temporary Monday's talks in London show signs of real progress, we could see increased investor confidence, reduced market volatility, and fresh momentum across Dow Jones, S&P 500, and without a deal, continued uncertainty could weigh on the markets in the coming should keep a close eye on the statements or outcomes from the US-China meetings. Any mention of progress on tariff rollbacks, trade agreements, or economic cooperation could trigger immediate market also worth noting that the Federal Reserve's next move, broader economic indicators, and the 2024 US election climate remain in focus as secondary factors influencing the market Dow Jones dropped due to investor caution ahead of the US-China trade talks aim to ease tariffs and settle long-running trade disputes affecting the global economy.

Apple WWDC 2025 LIVE Updates: Revamped iOS 26, SIRI upgrades and what more to expect
Apple WWDC 2025 LIVE Updates: Revamped iOS 26, SIRI upgrades and what more to expect

Mint

timean hour ago

  • Mint

Apple WWDC 2025 LIVE Updates: Revamped iOS 26, SIRI upgrades and what more to expect

Apple WWDC 2025 Live updates: iPadOS and macOS serve different devices—iPads and Mac computers—and have traditionally offered varying levels of functionality. Despite consistent hardware upgrades, iPad users have often voiced concerns about the software not keeping pace, especially when it comes to productivity tools. However, this year, Apple is expected to enhance multitasking capabilities and introduce improvements in app window management on iPadOS. The key question remains: will these updates bring the iPad experience closer to the versatility of a Mac? Apple WWDC 2025 Live updates: Although Apple is unlikely to unveil any new hardware — including the anticipated iPhone 17 lineup — during WWDC, recent leaks have shed light on what we might expect from the upcoming models. One such report suggests that the iPhone 17 Pro and iPhone 17 Pro Max may introduce support for dual video recording in iOS 26. This functionality would allow users to capture footage from both the front and rear cameras at the same time. While this capability has been available on various Android devices for some time, its arrival on iPhone could prove especially beneficial for vloggers and content creators seeking more dynamic shooting options. Apple WWDC 2025 Live updates: Apple could offer a glimpse into its next era of user experience at the Worldwide Developers Conference (WWDC) today. The company is expected to unveil iOS 26, a major visual overhaul that signals the company's boldest interface shift in more than a decade. The new operating system, expected to debut this autumn, could introduce what Apple reportedly calls a 'Liquid Glass' interface — a glossy, translucent design language that moves away from the flat minimalism first seen in iOS 7. The move is expected to mark a return to visual storytelling in Apple's software, under the leadership of human interface chief Alan Dye. Unlike the skeuomorphic era of early iPhones — when apps mimicked physical objects — this next iteration is said to evoke a more fluid, immersive experience. Industry analyst Mark Gurman, writing for Bloomberg, described it as Apple's most dramatic visual update since 2013. Apple WWDC 2025 Live updates: A recent media report reveals that Apple plans to let third-party developers add their own widgets to the Control Centre on watchOS. This update would allow users to create shortcuts for specific actions that can be quickly accessed by pressing the side button on their Apple Watch. Last year, with the release of iOS 18, Apple introduced similar functionality on iPhones, enabling users to add third-party buttons and widgets to the Control Centre, as well as resize and rearrange them for a customised layout. Apple WWDC 2025 Live updates: Apple is anticipated to introduce iOS 26, macOS 26, iPadOS 26, and other platform updates, along with enhancements to its native apps and services. These new software versions will likely initially be made available to developers for early testing. In the following weeks, public beta testers enrolled in Apple's pre-release programme may also gain access. After a testing period—typically lasting around three months—the final versions are expected to be released to users with compatible devices. Based on past patterns, the official rollout will likely take place in September. Apple WWDC 2025 Live updates: At WWDC 2024, Apple introduced a suite of AI-driven tools under the banner of Apple Intelligence. While several of these features have gradually made their way to compatible iPhones and Macs over the past few months, the most highly anticipated upgrade—a more conversational, AI-enhanced version of Siri—has yet to launch. This revamped Siri is expected to offer improved contextual awareness by drawing information directly from the user's device. However, recent reports indicate that Apple may not place significant emphasis on Apple Intelligence during this year's WWDC keynote, as development on the remaining features continues behind the scenes. Apple WWDC 2025 Live updates: Each year, Apple honours outstanding apps and games through its prestigious Design Awards, recognising innovation and excellence across multiple categories. For 2025, the company has named 12 winners, showcasing standout creations from developers around the world. Among the winners, Speechify was recognised in the Inclusivity category, while the game Balatro took home the award for Delight and Fun. Apple WWDC 2025 Live updates: While major updates to iOS, macOS, and other operating systems are anticipated at WWDC, a recent report suggests that Apple may also unveil a few smaller yet noteworthy enhancements. The Messages app is likely to receive a new feature enabling automatic translation of messages. Meanwhile, the Apple Music app on iOS 26 could introduce support for animated album artwork on the Lock Screen, adding a more dynamic visual element to the listening experience. Apple WWDC 2025 Live updates: Apple is set to kick off its annual Worldwide Developers Conference (WWDC) at Apple Park in Cupertino later today, where the tech giant is expected to unveil a host of software upgrades across its device ecosystem. The keynote, scheduled to begin at 10 AM Pacific Time (10:30 PM IST), will be streamed live via YouTube, Apple's website, and the official Apple app, with playback available on demand afterwards. This year's WWDC arrives at a critical juncture for the company. Despite Apple's global dominance in hardware, it has struggled to keep pace with rivals in the rapidly evolving AI space. Its rollout of Apple Intelligence features has faced delays and inconsistent implementation across devices, prompting growing scrutiny. However, today's announcements aim to refocus the conversation around innovation and future strategy. Apple WWDC 2025 Live updates: Perhaps the most symbolic shift will likely be the change in how Apple labels its software versions. Instead of continuing with the traditional numerical progression (which would have introduced iOS 19), Apple is expected to align its operating system names with the calendar year. This means that the upcoming versions could be titled iOS 26, iPadOS 26, macOS 26, and so on—marking a fresh start and a more intuitive naming system for users and developers alike. Apple WWDC 2025 Live updates: According to Bloomberg's Mark Gurman, the most eye-catching change could be a comprehensive redesign of the user interface across Apple's platforms. Borrowing heavily from visionOS, the new UI is expected to incorporate translucent layers and more pronounced lighting effects—what has been described internally as 'digital glass'. This aesthetic will bring a cleaner, more futuristic appearance, with redesigned toolbars, tab layouts, and app icons. Users may also gain access to context-sensitive controls, with buttons triggering quick menus of relevant actions—streamlining interaction and improving productivity across apps. Apple WWDC 2025 Live updates: Apple is also reportedly revamping key apps such as Phone, Safari, and Camera, particularly on iOS and iPadOS. The Camera app could see enhanced manual controls and AI-powered image optimisation, while Safari may get smarter web content summarisation and reading modes. Notably, AI will play a more prominent behind-the-scenes role this year. While Apple has so far taken a more conservative approach to generative AI compared to competitors, it is expected to introduce system-level AI improvements. These include features aimed at extending battery life by intelligently managing background tasks and optimising app performance. Apple WWDC 2025 Live updates: While hardware is not expected to take centre stage at this year's event, WWDC 2025 may serve as a crucial moment for Apple to reassert its relevance in a rapidly shifting tech landscape. With a reimagined user interface, deeper AI integration, and a strategic reset in branding, Apple hopes to convince both developers and consumers that its next chapter is just beginning.

USAID Cuts Threaten Supply Of Georgia's 'God's Food' To Children In Need
USAID Cuts Threaten Supply Of Georgia's 'God's Food' To Children In Need

NDTV

timean hour ago

  • NDTV

USAID Cuts Threaten Supply Of Georgia's 'God's Food' To Children In Need

Georgia: Reaching into one of the giant white sacks piled up in his Georgia food-processing plant, Mark Moore pulls out a fistful of shelled peanuts - what he calls "God's food" - and lets them roll through his fingers. A former evangelical missionary, Moore is co-founder of MANA Nutrition, a non-profit that says it has fed 10 million children across the globe since 2010 with packets of peanut butter paste made in the small farming community of Fitzgerald, about 180 miles south of Atlanta. "This saves children," said Moore, 58, clutching a bunch of the protein-rich legumes. "It's not an overstatement: We defeat death." But MANA is now in the midst of its own struggle for survival. Deep cuts in federal programs targeting international aid programs under President Donald Trump have threatened to choke off the financial lifeline that has allowed the non-profit to carry out its life-saving mission. Since January, the US Agency for International Development - created during the height of the Cold War by then-President John F. Kennedy - has all been but dismantled by the Department of Government Efficiency, Trump's cost-cutting entity led until recently by billionaire Elon Musk. In announcing the termination of its contracts, which accounted for about 90 percent of MANA's $100 million annual budget, DOGE sent a letter to the non-profit saying its work was "not aligned with Agency priorities." Efforts to reach a spokesperson for the State Department, which oversees USAID, have been unsuccessful. In two terse letters sent to MANA and reviewed by Reuters, USAID offered no specific reasons for the terminations other than to say the work "was not in the national interest." MANA has just enough cash on hand to keep running through August at the most, Moore says, but he seems unshakable in his optimism about the future of its mission. He has vowed to keep his 80,000 square-foot factory going and his 130 workers employed, even as the Trump administration has slashed 90 percent of USAID contracts and $60 billion in US assistance across the board. One possibility is finding another international aid organization to support the manufacture and distribution of MANA's peanut paste packets, each about the size of a cell phone. Most of the product - which also includes powdered milk, sugar and vitamins - goes to Africa, where Moore served as a missionary in Uganda for 10 years. "It saves children who are at the brink of no return," said Mark Manary, an expert in childhood nutrition at Washington University's Institute for Public Health who helped develop the paste's formula. "It's hard to wrap your mind around the need." Manary said the food created in Georgia and at a similar operation in Rhode Island, Edesia Nutrition, is an important link in the global effort to stave off starvation of children in countries where the No. 1 killer is malnutrition. Moore hopes lawmakers and the Trump administration will see the value in the work and put the money back into the new federal budget. "I believe that the US government will remain involved in global food aid," he said, adding that he has spoken to both Republicans and Democrats who want the work to continue. Moore is also seeking contracts with other organizations that specialize in humanitarian aid for children in crisis, including Save the Children, International Rescue Committee and UNICEF. The organizations did not immediately respond to a request for comment. One bright spot in recent years was an infusion of cash from Chris Hohn, a hedge-fund billionaire based in London and a philanthropist with the Children's Investment Fund Foundation. Hohn's charity did not immediately respond to a request for comment. In recent years, Hohn has given more than $250 million to MANA Nutrition, according to Moore, much of it already spent on expanding the plant, more than doubling its space and adding new machinery. But MANA needs new contracts to go forward, or another donation from philanthropists. "We've been put on Earth for a purpose," he said. "Jesus told his disciples to go and feed the people. So, we've been hustling nonstop."

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