Nvidia rises 7% as CEO says 0 billion capex buildout is sustainable

Nvidia rises 7% as CEO says $660 billion capex buildout is sustainable

The tech industry’s surging capital expenditures for AI infrastructure is justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC’s “Halftime Report.” “The reason for that is because all of these companies’ cash flows are going to start rising,” Huang said. Nvidia shares were up 7% during trading on Friday. Huang’s comments come…

Read More
Last Night in College Basketball: Surging Minnesota Takes Down No. 10 Iowa

Last Night in College Basketball: Surging Minnesota Takes Down No. 10 Iowa

Men’s college basketball, women’s college basketball – there’s no shortage of college ball, every night. Don’t worry, we’re here to help you figure out what you missed but shouldn’t have. Here are all the best moments from last night in college basketball.  Minnesota is rolling The Minnesota Golden Gophers are now winners of five-straight games…

Read More
Bitcoin gets slashed in half. What’s behind the crypto’s existential crisis

Bitcoin gets slashed in half. What’s behind the crypto’s existential crisis

Bitcoin tumbled toward $60,000 this week as investors reassessed its utility. And while there isn’t one clear catalyst driving the bloodbath, one thing is clear: the crypto market is in crisis.  “There’s nothing going on in the marketplace that should have necessitated this type of a crash,” Anthony Scaramucci, founder and managing partner of alternative…

Read More