Nvidia is still making billions in Q4 2023 despite a giant drop in PC demand
Nvidia reported its fourth quarter and full-year earnings, with quarterly revenue of $6.05 billion, down 21 percent from last year, and $1.4 billion in profit, down 53 percent. For the full year, revenue was almost identical to last year, though profit was down 55 percent. The dip was largely in Nvidia’s gaming business, which was […]
Asian markets drop as traders contemplate higher-for-longer rates
[ HONG KONG: Asian markets sank Wednesday following hefty losses on Wall Street as still-strong economic data fanned expectations that US interest rates will go higher and stay there longer than expected. Traders are now awaiting the release of minutes from the Federal Reserve’s latest policy meeting hoping for an idea about officials’ views on […]