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[hfe_template id='11223'] [ad_1] Nvidia reduced its stake in British chip firm Arm Holdings by about 44% and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter, a regulatory filing showed on Friday. The artificial intelligence chip giant also reported a position of 1.7 million shares in China's self-driving startup WeRide Inc, sending its shares up 135% at open. The stocks was later trading at $14.73, up 85% at 11.14 am. WeRide uses Nvidia's advanced graphics processors and AI software to power its vehicles and had a market valuation of $4.71 billion as of the last closing. Nvidia was an early investor in WeRide. Investors closely monitor Nvidia's stake disclosures as they can influence the stock prices of companies it invests in or divests from while providing insights into the growth strategy of the dominant artificial intelligence chip designer. "There is no greater vote of confidence than Nvidia taking a stake in your co...

[hfe_template id='11223'] [ad_1] Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies. Days after the Federal Reserve pared back projections for US monetary easing this year, policymakers from the UK to Australia are likely to signal that they’re still not convinced enough about disinflation to start lowering borrowing costs themselves. ETMarkets.com Such outcomes would reaffirm how June, originally penciled in as a month-long opening ceremony to a series of global rate cuts, may increasingly turn out to be a widespread display of hesitancy. While Canada did deliver the first such move of the Group of Seven on June 5, the European Central Bank’s reduction in borrowing costs a day later, accompanied by a higher inflation projection, showed limited enthusiasm for further easing. At the Bank of England on Thursday, a looming election and some lingering price pressures a...