Thu, Aug 8, 2024 12:08 PM
Heavy Buying: Multibagger small-cap jumps over 7 per cent; Mufin Green
A Flip by Riya Sharma
Coinbase's layer-2 blockchain, Base, has surged to the No. 2 spot on L2Beat, with an 18% market share, thanks to marketing savvy and a strong warchest, despite not being a technological pioneer. Base has outperformed other secondary Ethereum networks, driven by ease of onboarding and memecoin-linked trading pools.
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Semiconductor company Nvidia (NASDAQ: NVDA) dominates the market for artificial intelligence (AI) chips. In fact, analysts estimate its graphics processing units account for up to 95% of AI chip sales. But history is full of cautionary tales about the downfall of dominant brands that failed to maintain their technological leadership. IBM was once a highly esteemed computing company.
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Sensex and Nifty saw marginal gains around noon of September 10, driven by gains in IT and healthcare stocks after a volatile start. IT stocks benefited from a more than 1 percent increase in the Nasdaq Composite overnight and the anticipated rate cut by the US Federal Reserve, while pharmaceutical stocks surged following a GST cut on cancer drugs and the passage of the US Biosecure Act draft.
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