Nvidia Earnings Spreads Relief Across Tech Stocks

Nvidia, the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that a global surge in AI spending is poised to fizzle. “Compute demand keeps accelerating,” Chief Executive Officer Jensen Huang said in the statement. “AI is going everywhere, doing everything, all at once.” Nvidia shares gained about 4% in late trading after the report was released. They had been up 39% this year through the close. Huang has repeatedly downplayed concerns about an AI bubble, saying last month that the company has more than $500 billion of revenue coming over the next few quarters. Owners of large data centers will continue to spend on new gear because AI has begun to pay off, he said. Sales will be about $65 billion in the fiscal fourth quarter, which runs through January, the chipmaker said in a statement Wednesday. Bloomberg Big Tech Team Lead Sarah Frier reports on the company’s forecast. (Source: Bloomberg)

One-armed painter went on warpath

For The Madera Tribune J. F. Lewis and his wife Adelia, 20 years before he was elected sheriff and had to face, an angry, one-armed painter who was determined to shoot someone. [Editor’s note: We found this story to be worth telling exactly as it appeared in 1918.] • • • “Alonzo Wood, an old painter with one arm was arrested last evening about 8 o’clock by Sheriff J. F. Lewis and Deputies Andy Clark and Clarence Osborn on a charge of threatening the lives of several workmen on the Arkelian.

Ethereum Price Prediction: ETH Whales Are Pivoting to This Penny Crypto as it Exceeds 90% Sold Out in Phase 6 Presale

The post Ethereum Price Prediction: ETH Whales Are Pivoting to This Penny Crypto as it Exceeds 90% Sold Out in Phase 6 Presale appeared com. Ethereum has always been the focal point in the crypto world, but even the most passionate whales in the market are currently seeking out the possibility of revolutionary alternatives developing in the market. According to analysts, the whales holding Ethereum are quietly rebalancing the allocation levels in their holdings in favor of upcoming crypto projects that show early signs of success in the market. Among this list, Mutuum Finance has currently emerged as the next crypto to hit $1, as it has just entered Phase 6 of the ongoing presale, where more than 90% has been sold out at the existing cost of $0. 035. Ethereum’s Supply Squeeze Indicates Potential Rally Ethereum’s structure change is taking place, which could be the precursor for a big move in the Ethereum price. The exchange reserves are dropping drastically from a level of 27 million to just 15. 9 million, which is a big multi-year drop, pointing to more than just normal outflows, it’s a supply drain that’s structural in nature. Historically, when there’s no change in the market price but the supply leaving the market starts to disappear, the market usually witnesses a supply-shock rally in the market, but not a speculative one. Any small change in the demand could make the buyers scramble for the few available coins, triggering a very fast move upwards in the Ethereum price. While investors analyze this scenario in the Ethereum marketplace, they are also analyzing the new crypto Mutuum Finance in the DeFi market. MUTM Presale, Last Chance to Buy Before Price Increase Mutuum Finance offers a distinctive as well as very rewarding investment opportunity. So far, the project has managed to raise $18. 8 million in the presale from a total of 18, 080 participants. The presale has currently moved into Phase 6, where the tokens cost $0. 035,.