Tuesday, May 7, 2024
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Oracle Shares Rally to ATH after Posting Better than Expected Quarterly Results Fueled by AI Boom

Oracle stock market has rallied about 50 percent YTD to trade around $122.22 during Wednesday’s after-hours. Oracle Corporation (NYSE: ORCL) stock finally entered price discovery mode after trading below the ATH of the Dot-com bubble. Following the increased hype on generative artificial intelligence (AI), Oracle has found its cloud infrastructure in

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Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps

Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same

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NVDA Shares Spike 25% to ATH after Nvidia Reported Better than Expected Q1 Results amid Huge AI Demand

In Q1, Nvidia partnered with ServiceNow, Medtronic, Dell Technologies, and Microsoft’s Azure to build generative AI for its array of products. Nvidia Corporation (NASDAQ: NVDA) shares jumped nearly 25 percent during Wednesday’s extended trading period to trade around $380.65, a new ATH. The American multinational tech company reported its financial results

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Alphabet (GOOGL) Shares Aim to Revisit ATH as Wall Street Remains Bullish on Google’s AI Venture

From a stock index perspective, Alphabet shares are among the best-performing equities with a gain of about 33% YTD. Alphabet Inc (NASDAQ: GOOGL) shares have strongly rebounded from 2022 lows YTD. As a well-diversified tech company that has invested billions of dollars in different economic sectors, its stock market is well-poised

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