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  WHAT IS NVIDIA’S ROLE IN THE AI BOOM AND WHY ARE NVIDIA’S SHARES SOARING? In the wake of the artificial intelligence (AI) boom, chip designer Nvidia finished Tuesday with a market value of $1 trillion, marking the first time in recent memory. Here is a description of Nvidia and how it supports the revolutionary new technology. HOW MUCH MARKET VALUE DOES NVIDIA HAVE? Nvidia's $1 trillion valuation puts it behind Apple, Microsoft, Alphabet, and Amazon as the fifth most valuable U.S. firm. Two further businesses, Tesla and Meta Platforms, have previously exceeded the $1 trillion mark but are currently valued less. NVIDIA’S FOCUS SHIFT: FROM GAMING TO AI Nvidia, a company best known for its videogame chips, has recently shifted its focus to the data center industry. During the epidemic, the company’s business dramatically increased. As gaming became more popular, cloud adoption increased and crypto fans began using its CPUs for coin mining. In the fiscal year that concluded on Januar

  ENABLES US USERS TO SPEND CRYPTOCURRENCIES AT LEADING CONSUMER BRANDS AND EARN PAY REWARDS . A prominent cryptocurrency platform has announced an exciting new feature exclusively available within their app for US users. These users can now utilize over 30 different cryptocurrencies to make purchases at more than 150 leading consumer brands across various industries, including fashion, grocery, electronics, and more. Moreover, users will have the opportunity to earn up to 10% in Pay Rewards on qualifying purchases made in CRO, the native cryptocurrency of the Crypto.com platform. By heading to Crypto.com Pay within the app, users can explore the extensive list of brands participating in this program, which includes renowned names such as Apple (NASDAQ: AAPL), Nike (NYSE: NKE), Walmart (NYSE: WMT), Ray-Ban, and GameStop (NYSE: GME). This integration with top brands not only offers convenience and flexibility for users but also presents an exciting opportunity for cryptocurrency adopti

  US JOB GROWTH OUTPERFORMED FORECASTS IN MAY, AS THE UNEMPLOYMENT RATE INCREASED TO 3.7% . Despite a higher-than-anticipated gain in employment in the United States in May, the Federal Reserve may decide not to raise interest rates this month for the first time since beginning its aggressive policy-tightening campaign more than a year ago due to a deceleration in pay growth. The Labour Department reported on Friday that nonfarm payrolls rose by 339,000 last month, according to the closely followed employment data. After data for April was updated, 294,000 new positions were added to the payroll, not the previously reported 253,000. Reuters polled economists, who predicted a 191,000 increase in payrolls. The unemployment rate increased from a 53-year low of 3.4% in April to 3.7% despite significant hiring. Additionally, wage pressures are easing, which should provide some solace to Fed officials working to get inflation down to the 2% objective set by the U.S. central bank. After incre