Nvidia regains title of most valuable company. CrowdStrike revenue drops on summer outage. Meta does 20 year nuclear deal with Constellation Energy, and, BlackRock escapes Texas oil boycott. Jane King with the latest from the floor of the NYSE.
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Thanks Remi.
Nvidia passed Microsoft in market cap yesterday, once again becoming the most valuable publicly traded company in the world.
Nvidia's growth has been fueled by its AI chips, which are used by companies including OpenAI to develop software like Chat GPT.
The last time Nvidia was in the top spot was January 24th.
Shares of Chipmaker have surged nearly 1,500% of the.
Past 5 years, CrowdStrike shares fell about 5% in extended trading yesterday after the security software maker issued a weaker than expected revenue forecast.
Cost rose in sales and marketing as well as research and development and administration, partly because of that broad software outage last summer.
Well, Metta has signed a 20 year agreement to buy nuclear power from Constellation Energy beginning in.
27, the tech giant will purchase about 1.1 gigawatts of power from constellations Clinton Clean Energy Center in Illinois.
Without Meta's backing, that plant was in danger of closing.
Tech companies like Amazon, Google, and Metis signed a pledge in March led by the World Nuclear Association calling for nuclear energy worldwide to triple by 2050, and BlackRock was removed from.
Texas's blacklist of companies that boycott fossil fuels, ending a 3 year standoff over the environmental policies of the world's largest asset manager.
The move means pension funds and other state-run investment accounts, which manage more than $300 billion of assets will be allowed to purchase BlackRock shares, invest in its funds, and hire the firm for advice and risk management, and that's the latest headline.