Table of Contents

• Golden Goose

• Nvidia

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Economy & Finance

Golden Goose

Italian luxury sneaker brand Golden Goose has decided to delay its planned initial public offering due to instability in European markets exacerbated by recent political events. Following the European parliamentary elections and the unexpected announcement of a general election in France, market conditions deteriorated significantly, prompting Golden Goose to reassess its IPO timing. The company cited concerns that the current market environment is not conducive to a successful public listing. Despite earlier reports of strong investor interest and oversubscription at 9.75 euros per share, Golden Goose, owned by Permira, aimed for a market valuation lower than previously anticipated, targeting up to 1.86 billion euros.

Technology

Nvidia

Nvidia has attained the status of the world's most valuable company following a surge in its share price to a record high on Tuesday. The stock closed at nearly $136, marking a 3.5% increase, surpassing Microsoft in market value—a position it had recently taken from Apple earlier this month. Nvidia specializes in manufacturing computer chips crucial for AI applications, driving significant growth in its sales and profits. Despite enthusiasm from many investors anticipating further earnings growth, concerns over its lofty valuation have emerged. The company's market capitalization now stands at $3.34 trillion, nearly doubling since the beginning of the year, reflecting robust confidence in its dominance of the AI chip market amid fierce competition from tech giants like Microsoft, Alphabet, Meta, and Apple.

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