Trillion Dollar Club Archives - Page 11 of 17

ThursdayNov 06, 2025 9:00 am

International Stocks Plunge Amid Concerns Regarding Tech Firms’ Valuation

International markets slid while the week started as concerns grew that AI and tech firms were overvalued. This sell-off started in Asia and spread globally. For example, South Korea’s Kospi Index slid by at least 6% on Tuesday while the Nikkei in Japan lost approximately 4.5%. The Hang Seng Index in Hong Kong slid by at least 1%, and Taiwanese stocks plunged by about 2.5%. This tumble comes barely a week after the Kospi Index was buoyed by AI stocks to climb to a record level. As Wednesday trading got underway in Asia, stocks experienced a nightmare as shares of…

TuesdayNov 04, 2025 9:00 am

Samsung to Partner with Nvidia to Construct AI Megafactory

On Thursday, Samsung Electronics announced that it was partnering with Nvidia to set up a megafactory powered by AI that would accelerate semiconductor manufacturing it its operations in South Korea. The company revealed that its new facility would be equipped with about 50,000 advanced GPUs from Nvidia so that all manufacturing processes at that plant have AI embedded in them. AI will be leveraged as Samsung designs and manufactures its new chips as it seeks to commercialize a new generation of its entire range of products that include robotics, mobile devices and home electronics. This arrangement between Samsung and Nvidia…

FridayOct 31, 2025 9:00 am

Nvidia Makes History Yet Again by Crossing the $5 Trillion Market Cap

AI chipmaker Nvidia Corp. has notched yet another record by being the first company globally to reach a market capitalization of $5 trillion. Just three months prior, the firm had set another record of being first to have a market cap of $4 trillion. This new record was reached on Wednesday when a share of the firm reached $207.8 a piece, pushing the company’s market cap to $5.05 trillion. To put this achievement in context, this market capitalization makes the firm to be larger than the entire GDP of countries like Japan, the UK and even India, per IMF data.…

ThursdayOct 30, 2025 9:00 am

Analysts Reaffirm Their Confidence in AMEX Stock

Several analysts have reiterated their positive ratings of American Express Company as one of the best stocks to buy if one is looking for exposure to credit services providers. Christopher Kennedy, an analyst at William Blair, reaffirmed on October 20 that AMEX was one to buy. He pointed out the company’s growth trajectory and its strong position within the market as major reasons supporting the Buy rating. Kennedy also cited the fact that American Express has remained the leader within the premium card vertical and that its shares were trading at a price that was low relative to the S&P…

TuesdayOct 28, 2025 9:00 am

Golden Handcuffs Emerge as Key Tool to Retain Top AI Talent

As the race to dominate the manufacturing of AI chips gains momentum among the top tech companies, a tool that has been in use for long at Silicon Valley has taken on a whole new role. ‘Golden handcuffs,’ a term referring to stock-based payment modalities that are vested over several years, have gained more prominence to boost the retention of key employees as talent poaching threatens the stability of innovative teams at companies. These golden handcuffs increase the financial pain of an employee leaving the company since they will have to forfeit a significant portion of the vested stock included…

FridayOct 24, 2025 9:00 am

OpenAI Launches Browser to Compete with Google

On Tuesday, ChatGPT maker OpenAI unveiled an AI-powered browser to mount a challenge against other existing web browsers, such as Chrome that is owned by Google. Dubbed ChatGPT Atlas, the new web browser from OpenAI comes with a number of features that the developers hope will give them an edge on the market. Atlas doesn’t feature a search bar as is common in web browsers. OpenAI says this browser was designed around ChatGPT and will therefore operate within the chatbot. Atlas was unveiled on MacOS, Apple’s operating system. The new browser has been unveiled at a time when OpenAI is…

ThursdayOct 23, 2025 9:00 am

Judge Rejects LinkedIn’s Motion to Dismiss Data Privacy Lawsuit

On Monday a federal judge rejected a motion to dismiss a class action lawsuit filed against social media firm LinkedIn. The judge ruled that the plaintiffs’ claim of personal data having been shared by LinkedIn was substantial and no permission was granted for that data sharing to occur. The lead plaintiff in the class action suit, Courtney Cole, asserts that LinkedIn intentionally used embedded code to transmit the data of users via Facebook Tracking Pixel. This personal information ended up in the hands of third parties like Adobe and Facebook, which is a violation of the VPPA (Video Privacy Protection…

TuesdayOct 21, 2025 9:00 am

Waymo to Deploy Driverless Taxis in London Next Year

Waymo, an American firm offering autonomous vehicles, has announced that it will start availing driverless taxis in London next year. This move will make London the first city in Europe to have robotaxis on its roads. Under the company’s plan, the autonomous vehicles will have safety drivers or “trained human specialists” in the driver’s seat. This initial launch will be a pilot scheme as the company awaits the country’s passing of the Automated Vehicle Act, expected to take effect towards the end of 2027. The robotaxis are expected to compete with the black cabs that have for long dominated ride…

FridayOct 17, 2025 9:00 am

Taiwan’s TSMC Earns Record Profits as AI Boom Continues

Taiwanese tech company Taiwan Semiconductor Manufacturing Company, the leading contract chipmaker in the world, has massively benefited from the AI investment frenzy. As a result of the brisk business it has been having, TSMC reported record quarterly earnings for Q3 2025. Its clients like Apple and Nvidia have been channeling billions of dollars to servers, chips and data center construction. CC Wei, the CEO and chairman of TSMC, says this investment boom remains much stronger than they had predicted in the previous quarter. The company expects demand to remain strong in the coming months and quarters. While announcing the Q3…

ThursdayOct 16, 2025 9:00 am

Tech Giants Could Face Widespread Backlash Against Their Energy Use

As the race to build AI data centers intensifies with each passing month, a slow storm is brewing and could trigger widespread backlash against the massive energy hunger of these sprawling facilities cropping up across the U.S. On Tuesday, NPR reported that there are conflicts brewing across the country regarding concerns about water usage and electricity consumption at operational or planned data centers. Communities feel that the data centers are disadvantaging locals since the facilities require huge amounts of water and that groundwater is being depleted, leaving locals to suffer water quality issues and frequent shortages. In the report published…

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