Why nvidia Is Trending Today?

Klarna's stock price has significantly dropped, nearing oversold levels following a post-earnings selloff. Investors are questioning whether now is the right time to "buy the dip" in the popular buy-now-pay-later service provider.

Klarna, a Swedish fintech company, has expanded its payment options on Apple Pay to Spain, Denmark, and Sweden, with France set to follow soon. This move is seen as a strategic step to change the competitive payments landscape in Europe. Meanwhile, Klarna's stock has experienced a decline following its first earnings report after going public, despite beating revenue estimates. The company's rapid growth in longer-term financing has led to increased provisions, and its CEO has warned about the impact of AI on office jobs. Klarna has also expressed its ambition to become a neobank, with AI helping to halve its staff numbers and boost pay.

Zenith Bank and GTCO have demonstrated strong commitment to gender policy compliance, leading the pack among Nigerian banks. A deepfake of Nvidia's CEO, Jensen Huang, promoting cryptocurrency, attracted five times more live viewers than the real Nvidia GTC keynote. The Nvidia GTC event and subsequent comments from former President Trump sent quantum computing stocks plunging. Nvidia's market capitalization surged past $5 trillion for the first time in history following the GTC event and Trump's remarks, making it the first company to reach this milestone. Analysts have raised their price targets for Nvidia following the GTC event.

Nvidia's Graphics Technology Conference (GTC) saw significant developments, with the company's stock hitting record highs, nearing a $5 trillion market cap. CEO Jensen Huang made several announcements, including advancements in AI, quantum computing, and 6G networks. ASUS and Synopsys showcased their AI and computing innovations at the event. However, a fake GTC stream featuring a deepfake of Jensen Huang promoting a crypto scam gained more views than the real event.

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Broadcom initiates commercial shipments of its Tomahawk Ultra chip, designed to challenge NVIDIA in AI and high-performance computing, while Ukraine explores potential use of Tomahawk missiles, facing logistical challenges.

Broadcom has launched the Tomahawk Ultra, a new networking chip designed to challenge Nvidia's dominance in AI networking solutions. Meanwhile, discussions are ongoing about potentially supplying Tomahawk missiles to Ukraine and Germany, with experts suggesting they could significantly impact the Russia-Ukraine war.