Nvidia Stock Rises. New Evidence Emerges Showing the AI Trade Is Alive and Well
Nvidia stock was rising on Friday after a key supplier's latest earnings report appeared to bode well for the artificial-intelligence trade amid a wider market rally.The chip maker's shares climbed 3.
Laojiao's Controlling Shareholder Plans to Inject Up to 300 Million Yuan in Capital; Shares Jump 7%
Luzhou Laojiao's controlling shareholder, Laojiao Group, plans to increase its holdings in the company by injecting between 150 million yuan and 300 million yuan, according to a Shenzhen Stock Exchange filing on Friday.Laojiao Group, along with its acting-in-concert party, Luzhou Xinglu Investment Group, collectively owns 748.2 million shares or 50.83% of the Chinese distilleries company's share capital.China Construction Bank's Luzhou branch has committed to providing a special increase loan of up to 270 million yuan, with the loan amount not exceeding 90% of the total increase amount. The loan term will be up to 36 months.Laojiao's shares jumped almost 7% in recent trade.