Tag: soars

2024-10-08

Super Micro soars after company says shipping over 100,000 AI GPUs

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Business

Super Micro CEO Charles Liang. Source: Supermicro Super Micro Computer shares jumped 15% after the server company said it’s shipping more than 100,000 graphics processing units used for artificial intelligence per quarter. That could translate into several billions of dollars of orders if the average price of a GPU is around the cost of Nvidia‘s $30,000 chip. The GPU…

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2024-10-05

10-year Treasury yield soars after jobs report blows past expectations

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Business

U.S. Treasury yields jumped Friday as investors digested a better-than-expected September jobs report. The 10-year Treasury yield rose around 12 basis points to 3.971%. The yield on the 2-year Treasury was 21 basis points higher at 3.924%. Yields and prices have an inverted relationship. One basis point equals 0.01%. Nonfarm payrolls grew by 254,000 in September, significantly exceeding the…

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