By David Randall and Saqib Iqbal Ahmed (Reuters) - As Treasury yields march higher, some investors are betting a resilient U.S. economy and moderating inflation can shield stocks from their deleterious effects this time around. Rising yields are often viewed as a...
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Business
Arm Holdings jumps over 40%, adds to staggering AI-powered rally
By Noel Randewich (Reuters) - Shares of Arm Holdings surged more than 40% on Monday, adding to a staggering rally fueled by optimism around artificial intelligence. The stock last traded up 21% at $139.65 after reaching as high as $164, 42% above its close on Friday....
Exclusive-Nvidia pursues $30 billion custom chip opportunity with new unit -sources
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, nine sources familiar with its...