Technology phenomenon Nvidia has reached a market capitalization of more than $3 trillion for the first time in history, surpassing Apple to become the second most valuable publicly traded company in the world. This significant shift reflects continued strong investor confidence in the company's role in the artificial intelligence (AI) sector, compounded by the announcement of new, more powerful products.
In the wake of the increased bird flu, mRNA vaccine pioneer Moderna is entering the final stages of their testing against this virus. The US government is now expected to fund this development. After the pandemic, pharmaceutical companies producing vaccines and medicines must make up for the weaking demand by developing new products that not only help the world fight dangerous diseases but can also bring profits for them.
NVIDIA, the global producer of graphics processors and chips for artificial intelligence (AI), announced its quarterly financial results on Wednesday, beating all expectations and records. The rapid growth of this company is accompanied by a new industrial revolution in which AI is to play a major role. Is this trend sustainable or is it just a bubble that may soon burst?
The International Energy Agency (IEA) has revised its forecast for global oil demand growth for the rest of 2024, with OECD (Organisation for Economic Co-operation and Development) countries contributing to the reduction, led by Europe. However, demand for this energy commodity is expected to increase in the near term, mainly due to renewed economic growth at some major importers. However, the forecasts of the IEA and the cartel of the biggest oil exporters diverge.
Canada is considered a developed country with a stable and friendly environment for investors. Assets denominated in Canadian dollars are largely riding the wave of Canada's neighbourhood with the United States. This is also matched by the return on investment in technology companies, which have been the top performers on the Toronto Stock Exchange over the past five years.
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