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Dell, Nvidia, Others May Benefit From Modular Data Centers for AI: Mizuho
Dell Technologies (DELL) Enhances CoreWeave's AI Platform With NVIDIA Servers
Dell Technologies Inc.'s (NYSE:DELL) Intrinsic Value Is Potentially 48% Above Its Share Price
Macy's revealed a major accounting incident: an employee falsely recorded $0.151 billion in expenses
Macy's, an established US retail giant, revealed on Wednesday the findings of an investigation into a major accounting incident that affected its financial reports for several years. The investigation determined that repeated mistakes and subsequent cover-ups by one of the company's employees led to a false recording of $0.151 billion in expenses. These differences stem from underestimated small package delivery costs starting at the end of 2021, and persist due to deliberate misbilling and falsification of documentation. This operation by this employee masks the true costs, which were not discovered until the fall of 2024. Although Macy's fired the employee, the company said the employee had no experience from these misdeeds
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
Daiwa Securities Adjusts Price Target on Dell Technologies to $140 From $125, Keeps Outperform Rating