AI fever drives Nvidia’s rise to world’s most valuable company
Nvidia (NVDA.O), has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years. Nvidia shares rose 3.5% on Tuesday, giving it a market value of about $3.34 trillion. That pushed the semiconductor bellwether past Microsoft (MSFT.O), and Apple (AAPL.O), which […]
Caterpillar’s Russian assets transferred to firm owned by Armenian fund
U.S. machinery maker Caterpillar’s (CAT.N), former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital, Russian company filings showed. Caterpillar Inc, which makes machinery for the construction, mining and oil and gas industries, suspended operations in its manufacturing facilities in Russia in 2022, joining a number of foreign companies that […]