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Tech shares race ahead as Nvidia delights with AI-driven doubling of revenue | Business News
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The US tech firm that dominates the market for chips used in artificial intelligence (AI) has delighted investors with a doubling in quarterly revenue, promising more of the same in future. Nvidia shares gained almost 10% in after-hours trading in New York on Wednesday night when it revealed a string of numbers that beat analysts’…
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Virgin Orbit shares crash after failure of first UK space launch | Business News
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Shares in Virgin Orbit, the company behind the failed first UK space launch fell by more than a quarter at the market open in the US, greater than the 20% drop seen in pre-market trading. Stocks fell in value from $2.01 (£1.65) at the close of trading on Monday night, to $1.50 (£1.23) when US…
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Trading in Twitter shares halted as Elon Musk ‘plans to buy social media company for original offer price’ | Business News
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Trading in Twitter shares was halted as the stock spiked following reports that Elon Musk is planning to buy the company for his original offer price. The world’s richest man is proposing to go ahead with purchasing the social media giant for $54.20 per share, a total purchase value of $44bn following months of legal…
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Elon Musk sells $6.9bn in Tesla shares as battle with Twitter continues | Business News
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Elon Musk has sold $6.9bn (£5.7bn) of shares in his electric vehicle maker Tesla as his battle against Twitter continues. Mr Musk sold about 7.92 million shares between 5 August and 9 August, according to multiple filings, meaning he now owns 155.04 million shares in the company. In April, the world’s richest man announced a…