Nvidia's market cap climbs amid tech turbulence in August

📆 1/9/2566 23:16:00
📰 YahooFinanceCA

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Nvidia's shares surged last month, boosted by its quarterly revenue forecast, which exceeded analyst expectations as the artificial intelligence boom fuels demand for its chips. The market capitalization of Apple and Microsoft Corp's shares declined 4.4% and 2.4%, respectively, while Meta Platforms Inc's shares fell 7.1%. Meanwhile, Berkshire Hathaway's market cap rose over 2% last month, as its shares touched a record high after the company's quarterly operating profit topped $10 billion for the first time.

The U.S. added 187,000 jobs in August, higher than the 170,000 that were expected. The unemployment rate ticked up to 3.8% from 3.5% in July. Average hourly earnings rose by 4.3% year-over-year. Yahoo Finance Live breaks the report down. -- Jose De Hoyos is recruiting in the oil patch. He got his start meeting workers in Pennsylvania’s Marcellus shale basin. This month, you’ll find him glad-handing in Odessa, Texas.

2% and growth was most likely flat in July, data showed on Friday, a signal to the central bank ahead of its meeting next week that interest rates are high enough. The second-quarter reading was far lower than the Bank of Canada's forecast for a 1.5% annualized GDP growth as well as the 1.2% gain expected by analysts.

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