Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
The US market opened lower on Tuesday as weak Chinese data brings back the fear of a global economic slowdown.
Reuters reported that China's February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. The data weighed on markets worldwide.
It is obvious that people are still very nervous and the market is in such a fragile state that any bad news could easily break it. Crude prices also shed their gains and were down about 2%.
Oil has recovered from the 2016 low touched in January, but Goldman Sachs analysts on Tuesday said the recent rally was premature as prices would need to remain lower to help rebalance the market later in the year.
At 9:39 a.m. ET, the Dow Jones industrial average was down 84.02 points, or 0.49%, at 16,989.93, the S&P 500 was down 13.35 points, or 0.67%, at 1,988.41 and the Nasdaq Composite index was down 35.30 points, or 0.75%, at 4,672.95.
Investors are focusing on data for clues on the state of the global economy and monetary policies of central banks across the world.
The European Central Bank is expected to announce further stimulus at its meeting later this week.
In contrast, the U.S. Federal Reserve is looking to raise interest rates this year as a raft of data suggested the economic recovery in the United States was gaining momentum.
The positive sentiment helped the S&P 500 to its first five-day streak of gains since October and close above 2,000 for the first time since Jan. 5 on Monday.
Declining issues outnumbered advancing ones on the NYSE by 1,973 to 665. On the Nasdaq, 1,607 issues fell and 602 advanced.
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It is obvious that people are still very nervous and the market is in such a fragile state that any bad news could easily break it. Crude prices also shed their gains and were down about 2%.
Oil has recovered from the 2016 low touched in January, but Goldman Sachs analysts on Tuesday said the recent rally was premature as prices would need to remain lower to help rebalance the market later in the year.
At 9:39 a.m. ET, the Dow Jones industrial average was down 84.02 points, or 0.49%, at 16,989.93, the S&P 500 was down 13.35 points, or 0.67%, at 1,988.41 and the Nasdaq Composite index was down 35.30 points, or 0.75%, at 4,672.95.
Investors are focusing on data for clues on the state of the global economy and monetary policies of central banks across the world.
The European Central Bank is expected to announce further stimulus at its meeting later this week.
In contrast, the U.S. Federal Reserve is looking to raise interest rates this year as a raft of data suggested the economic recovery in the United States was gaining momentum.
The positive sentiment helped the S&P 500 to its first five-day streak of gains since October and close above 2,000 for the first time since Jan. 5 on Monday.
Declining issues outnumbered advancing ones on the NYSE by 1,973 to 665. On the Nasdaq, 1,607 issues fell and 602 advanced.
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