Tue, Nov 3, 2020 3:32 AM
Quarterly results: HDFC Q2 PAT falls 28% to Rs 2,870 crore
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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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Warren Buffett transformed Berkshire Hathaway from a struggling textile company to a successful holding company, but views his investment as one of his costliest mistakes due to the industry's inherent struggles, likening textile companies to "chronically leaking boats" despite investments in capital expenditures and technology.
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