![]() The investment bank said inflation would not hit 2pc until the final quarter of 2025. Goldman Sachs still believes inflation will fall to 4.7pc by the end of this year, but has revised up its end-2024 headline inflation projection to 3.2pc, from 2.7pc.Įconomics editor Szu Ping Chan has the details: ![]() Nvidia’s share price rocketed by 27pc in after hours trading in New York following the forecast, which added $200bn to its valuation. The semiconductor company last week announced that second-quarter revenue would reach $11bn in the three months to the end of July, more than 50pc higher than Wall Street estimates. Everyone is a programmer now - you just have to say something to the computer.” Speaking at the Computex forum in Taiwan, Mr Huang said: “The programming barrier is incredibly low. Nvidia also announced a partnership with British advertising giant WPP to use generative AI to help produce cheaper adverts at scale. Google, Meta and Microsoft are among the first expected to use this new equipment. The lineup included AI supercomputer platform DGX GH200, which is designed to help tech companies create successors to OpenAI’s ChatGPT. It comes after chief executive Jensen Huang unveiled several new artificial intelligence-related products over the weekend. ![]() ![]() Nvidia joins iPhone-maker Apple, Microsoft and Amazon in becoming the handful of companies to have reached the trillion-dollar threshold. Shares in the US-based graphics chip designer rose as much as 7.7pc on Tuesday, bringing its market capitalisation to $1.02 trillion. Nvidia has become the world’s first chipmaker to reach a market value of $1 trillion (£800bn), as its shares surged on the back of booming demand for artificial intelligence (AI) hardware. ![]()
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