Top 5 US Stock Gainers/Losers (>100B) (8.20)
Top Gainers&Losers·- Major US stock indices declined on August 20, with the Nasdaq Composite falling 1% and the S P 500 dropping 0.87%. - Among large-cap companies, Deere gained 6.94% with a trading volume of 1.99 billion dollars, while Marvell Technology rose 5.79% on 7.12 billion dollars in volume. - Conversely, Walmart dropped 9.15% with 8.7 billion dollars in volume, and Intuitive Surgical decreased by 5.84%.Alibaba Gives Nvidia's Older AI Chips an Unexpected Vote of Confidence
benzinga_article·- Alibaba Group Holding Ltd. reported during its fiscal first quarter earnings call that older Nvidia Corp. GPUs, including 2018 V100s and 2020 A100s, remain fully utilized across its AI infrastructure. - Chief Financial Officer Toby Xu stated that these AI assets continue to generate robust cash flows well past their three-year payback period. - This sustained utilization eases industry concerns that rapid technological advances will quickly render cutting-edge AI accelerators obsolete.