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late-night news: crude oil plummets, us stocks plunge

2024-09-03

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crude oil prices plummeted and u.s. stocks also opened lower.

on september 3rd local time, the three major u.s. stock indices continued to fall. as of press time, the dow jones industrial average fell 1.06%, the nasdaq fell 1.63%, and the s&p 500 fell 1.19%.

popular technology stocks generally fell, with nvidia falling more than 5%, intel and micron technology falling nearly 5%, google a and apple falling more than 1%; tesla rose slightly.

in addition, the official website of indian company sify technologies announced that sify has become the first liquid cooling company in india to obtain nvidia's dgx-ready data center certification. influenced by this news, sify technologies surged nearly 150% at the opening of the us market on tuesday. as of press time, the increase has fallen back.

in other markets, international crude oil prices plummeted, with the october contract of u.s. oil futures and the november contract of brent crude futures both falling by more than 4%, wiping out the gains since 2024.

international gold prices also weakened. as of press time, london gold spot and comex gold fell by nearly 1%; london silver spot and comex silver fell by more than 2%.

international crude oil price plummets

on september 3rd, local time, the three major u.s. stock indexes opened lower. as of press time, the dow jones industrial average fell 1.06%, the nasdaq fell 1.63%, and the s&p 500 fell 1.19%.

popular technology stocks generally fell, with nvidia falling more than 5%, intel and micron technology falling nearly 5%, google a and apple falling more than 1%, and tesla rising slightly.

international crude oil plunged sharply late at night. wind data showed that the october contract of u.s. crude oil futures and the november contract of brent crude oil futures both fell by more than 4%, wiping out the gains since 2024. on the news front, the governor of the central bank of libya said that oil supply would be restored soon.

"the concern in the oil market is that more oil will be supplied from opec starting in october," said bjarne hildrop, chief commodities analyst at seb ab.

sify announces nvidia dgx-ready liquid-cooled data center certification

on september 3rd, local time, sify technologies, india's leading digital information and communication technology solutions provider, announced on its official website that the company has become a partner of nvidia, joined nvidia's dgx-ready data center program, and obtained liquid cooling certification. sify technologies said that the certification marks that sify's data center deployment solution supports 130 kw/rack capacity. the cooling solution complies with the 30-year ambient temperature guidelines of the american society of heating, refrigerating and air-conditioning engineers (ashrae).

(source: sify technologies official website)

public information shows that sify technologies was listed on nasdaq in october 1999. as india's leading digital information and communication technology solutions provider, it is well-known for its comprehensive portfolio of services and solutions, with a particular emphasis on cloud computing technology. the company focuses on meeting the changing needs of information and communication technology in the rapidly developing digital economy, and serves a wide range of clients, including large enterprises, small and medium-sized enterprises, and start-ups. sify's infrastructure includes high-end data centers, an extensive mpls network, and partnerships with global technology giants, coupled with its deep expertise in cloud-based business transformation solutions, making it the market's first choice. currently, sify serves more than 10,000 companies in more than 1,700 cities in india, and has expanded its international business in north america, the united kingdom, and singapore.

it is understood that nvidia dgx is a platform built specifically for enterprise artificial intelligence (ai), supporting ai workloads covering analysis, training and reasoning. it provides advanced computing density, performance and scale, supporting the complete enterprise ai life cycle through a unified system. through the nvidia dgx platform and its supporting infrastructure technology ecosystem, sify's customers can now access high-density supercomputing and powerful performance, which are provided through scalable and flexible ai infrastructure solutions.

speaking about this important certification, sharad agarwal, ceo of sify infinit spaces, the data center subsidiary of sify, said, “sify’s data center business provides high-standard cooling solutions. as ai and machine learning technologies gain momentum across industries, sify will be able to offer complete nvidia dgx-powered colocation services along with nvidia’s advanced enterprise ai and data science software at our mumbai-rabale campus and upcoming noida and chennai-siruseri facilities. we will continue to add capacity at all our ai-ready data centers, which are purpose-built to support the emerging ecosystem in the data center industry.”

tony paikeday, senior director of dgx platform at nvidia, said: "ai is becoming a competitive differentiator for enterprises, and many organizations are looking for partners who can reduce time to market while securely hosting and scaling ai infrastructure." he also said: "as the first nvidia dgx-ready data center partner in india to be certified for liquid cooling, sify provides enterprises with a cost-effective solution to help meet their enterprise ai infrastructure needs."