Investors are high on AI. American computer chip maker, NVIDIA, overtook Apple as the world's second most valuable public company. The shares rose above $1,200 each, taking the firm's market capitalisation over $3trn for the first time. The firm, which initially made graphics cards but is now the leader in artificial intelligence (AI) technology, reported $26bn in sales last quarter.
Indian stocks fell sharply as early election results suggested Narendra Modi, the current prime minister, might not secure a majority. The NSE Nifty 50 index of big Indian companies fell 6%. That was the steepest fall since March 2020, when lockdowns shook global markets.
WeWork is ready to emerge from bankruptcy with less debt and fewer offices. A drop in demand and overly aggressive expansion hammered the shared office space company's profits during the pandemicβthe firm plans to operate 337 offices globally, with America and Canada remaining its most significant markets. SoftBank, a Japanese investment cβ¦