The AI bubble may be about to burst and no one will be immune from the financial fallout, writes RUTH SUNDERLAND as Nvidia shares plunge
6 months, 3 weeks ago

The AI bubble may be about to burst and no one will be immune from the financial fallout, writes RUTH SUNDERLAND as Nvidia shares plunge

Daily Mail  

Listening to a chief executive deliver a corporate report on his quarterly earnings is not most people’s idea of a great party. A profile of Ms Balik who asked fellow Nvidia nerds to watch Jensen Huang's announcement together on TV ‘Investors want more, more and more when it comes to Nvidia,’ says Dan Coatsworth of investment platform AJ Bell. As Dan Coatsworth says, this has ‘triggered alarm bells that the AI gravy train might be losing power.’ Nvidia’s fans believe there is still plenty of potential. ‘The less debatable point is that AI technology is exceptionally expensive and to justify those costs it must be able to solve complex problems which it isn’t designed to do.’ He adds: ‘Many people seem to believe that AI will be the most important technological invention of their lifetime but I don’t agree, given the extent to which the internet, cellphones and laptops have fundamentally transformed our daily lives.’ Covello says he struggles to believe AI will ever be able to acquire the cognitive reasoning to replace human interactions. Nvidia’s share price and the AI goldrush in general may look like a bubble - and that Manhattan party is the kind of thing that has cautious investors looking for safer havens.

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History of this topic

Nvidia Looks Past DeepSeek and Tariffs for AI’s Next Chapter
1 week, 3 days ago

Nvidia Looks Past DeepSeek and Tariffs for AI’s Next Chapter

Bloomberg  

On a Monday in mid-January, Jensen Huang held a party for a crowd of health-care and tech executives in San Francisco. As about 400 guests filled up the Fairmont hotel’s opulent Gold room, the Nvidia Corp. chief executive officer, wearing his default black leather jacket, worked through a routine of tech-themed dad jokes. “Computer-aided drug discovery!” The night progressed, and …

Nvidia doubled profits in 2024. And its outlook is rosy despite AI jitters
3 weeks, 5 days ago

Nvidia doubled profits in 2024. And its outlook is rosy despite AI jitters

CNN  

New York CNN — Nvidia exceeded Wall Street’s expectations as it closed out 2024, achieving stunning sales and profit growth — and much of Silicon Valley is likely breathing a sigh of relief at what the results say about the artificial intelligence industry. Expectations were heightened heading into Wednesday’s report given Nvidia’s role as a barometer of the broader tech …

Nvidia has leapt back into the AI game as panic over DeepSeek ebbs
1 month ago

Nvidia has leapt back into the AI game as panic over DeepSeek ebbs

Live Mint  

The Great DeepSeek Panic of January 2025 is officially over. Notably, the not-so-secret ingredient for Grok-3’s progress— which, as Ben Thompson notes in Stratechery, comes just 19 months after a standing start—was xAI’s enormous stockpile of Nvidia chips. But what DeepSeek wasn’t, it turns out, was a threat to the status quo of AI companies spending as much money on …

Nvidia stock crash: How a Brooklyn-based blogger fueled the AI giant’s $600 bn market collapse; Here’s what report says
1 month, 2 weeks ago

Nvidia stock crash: How a Brooklyn-based blogger fueled the AI giant’s $600 bn market collapse; Here’s what report says

Live Mint  

A Brooklyn-based social media blogger, Jeffrey Emanuel, on January 25, 2025, wrote a nearly 12,000-word blog post making a case for shorting one of the top chipmaking AI companies in the world, Nvidia Corp., reported the news portal MarketWatch. The blogger also cited that the Chinese AI platform DeepSeek did in a much cheaper way what big tech companies like …

Nvidia faces a reckoning as Chinese upstart Deepseek raises questions about Wall Street’s darling
1 month, 3 weeks ago

Nvidia faces a reckoning as Chinese upstart Deepseek raises questions about Wall Street’s darling

The Hindu  

The superstar run for Nvidia’s stock the last few years has been astonishing. Investors and analysts lauded CEO Jensen Huang as the “Godfather of AI.” Nvidia grew into a $3 trillion-plus behemoth and traded places with titans like Apple to become the most valuable company on Wall Street. Now Nvidia’s specialised chips are key components that help power different forms …

Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street’s darling
1 month, 3 weeks ago

Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street’s darling

Associated Press  

NEW YORK — The superstar run for Nvidia’s stock the last few years has been astonishing. Huang has dubbed AI “the next industrial revolution,” and Nvidia’s GPUs are designed to perform artificial intelligence tasks faster and more efficiently than general-purpose chips like CPUs. On Feb. 23, 2023, after Nvidia breezed past analysts’ expectations for quarterly profit, Huang said that “AI …

Nvidia faces a reckoning as an upstart rival raises questions about Wall Street's darling
1 month, 3 weeks ago

Nvidia faces a reckoning as an upstart rival raises questions about Wall Street's darling

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Investors and analysts lauded CEO Jensen Huang as …

DeepSeek demolishes Nvidia stock, CEO loses $20 billion in a day: Why was the tech giant worst hit?
Top News
1 month, 3 weeks ago

DeepSeek demolishes Nvidia stock, CEO loses $20 billion in a day: Why was the tech giant worst hit?

Firstpost  

The surprise success of China’s AI startup, DeepSeek, led to tech stocks being hammered in the US market. Nvidia, the leading supplier of AI chips, was largely impacted; its shares plunged 17 per cent, shedding $600 billion in value and its CEO, Jensen Huang, lost 20 per cent of his net worth. Nvidia’s Huang is poorer by nearly $20 billion …

Nvidia stocks: DeepSeek AI model launch sees a trillion dollars wiped off world’s biggest tech companies’ share prices
1 month, 3 weeks ago

Nvidia stocks: DeepSeek AI model launch sees a trillion dollars wiped off world’s biggest tech companies’ share prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The reveal of a new …

Nvidia leads an avalanche of entertainment-related announcements at CES
2 months, 2 weeks ago

Nvidia leads an avalanche of entertainment-related announcements at CES

LA Times  

Nvidia founder and CEO Jensen Huang speaks during a Nvidia news conference ahead of the CES tech show Jan. 6, 2025, in Las Vegas. “It would have been impossible without artificial intelligence.” The chipmaker and AI darling unveiled computer circuits for digital processing on desktops and laptops powered by its new Blackwell artificial intelligence chip — kicking off a string …

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
3 months, 1 week ago

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

The Hindu  

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted …

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
3 months, 2 weeks ago

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

Associated Press  

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. China’s antitrust investigation follows a report this summer by …

China hits back at US, initiates antitrust investigation in NVIDIA’s AI chip dominance
3 months, 2 weeks ago

China hits back at US, initiates antitrust investigation in NVIDIA’s AI chip dominance

Firstpost  

The probe, led by China’s State Administration for Market Regulation, scrutinises NVIDIA’s $6.9 billion acquisition of Mellanox Technologies in 2019, which was approved by Beijing in 2020 under strict conditions to ensure non-discriminatory access to products for the Chinese market China has launched an antitrust investigation into NVIDIA, the American semiconductor giant dominating the AI GPU market, in what appears …

SoftBank CEO rues dumping Nvidia stake, pretends to cry as he hugs Jensen Huang
4 months, 1 week ago

SoftBank CEO rues dumping Nvidia stake, pretends to cry as he hugs Jensen Huang

Hindustan Times  

Jensen Huang and Masayoshi Son drew laughter from the audience of an AI summit as they joked about how SoftBank was once Nvidia's largest shareholder before dumping its stake. Jensen Huang, CEO of Nvidia, left, and Masayoshi Son, chairman and chief executive officer of SoftBank Group, during a fireside chat at the Nvidia AI Summit Japan. It begins by showing …

Nvidia’s R2-D2-like robot should focus on developing its AI brain and not body
4 months, 1 week ago

Nvidia’s R2-D2-like robot should focus on developing its AI brain and not body

Live Mint  

One of the memorable moments of Nvidia Corp’s most recent conference for developers came towards the end of the chip giant’s semi-annual event. Having captured one of the most lucrative markets in recent times for chips that can train and run Generative AI systems, Huang has been talking up three other areas he’s now eyeing for growth: autonomous vehicles, quantum …

Nvidia to Strengthen Presence in India Through Strategic Partnerships
Trending News
5 months ago

Nvidia to Strengthen Presence in India Through Strategic Partnerships

India Today  

Nvidia is expanding its presence in India through new partnerships with major Indian companies. The company plans to form partnerships with Reliance Industries Ltd. and Infosys Ltd to develop AI technology in India. This highlights the importance of India, which has the largest population in the world, to Nvidia's future in the field of artificial intelligence.

Tech bubble fears spark $160bn Nvidia slump
5 months, 1 week ago

Tech bubble fears spark $160bn Nvidia slump

The Telegraph  

Hundreds of billions of dollars have been wiped from the stocks of global chipmakers after a key supplier to the industry warned of a slow recovery in the market, despite booming demand for artificial intelligence technology. Shares in Dutch technology business ASML, which manufactures advanced lithography machines used by the world’s chipmakers, plunged by 15pc after it published its results …

Nvidia can’t escape shadow of AI spending fears
6 months, 3 weeks ago

Nvidia can’t escape shadow of AI spending fears

Live Mint  

Nvidia has made life at the top look easy. Nvidia’s overall top and bottom lines beat Wall Street’s targets, as did the company’s forecast for the current period ending in October. Nvidia’s projected revenue of $32.5 billion for the current quarter ending in October was 2% ahead of Wall Street’s targets; the company’s projection for the same period last year …

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers
6 months, 3 weeks ago

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. $26.3 billion Nvidia’s revenue from its data center business for the quarter ended July 31, up 154% from a year ago. $32.5 billion Nvidia’s estimate for overall revenue …

Tech bubble fears grow as Nvidia shares slump
6 months, 3 weeks ago

Tech bubble fears grow as Nvidia shares slump

The Telegraph  

Nvidia’s stock dropped sharply last night despite the chipmaker more than doubling sales to a record $30bn in a reaction that will fuel fears of a tech bubble. Jensen Huang, founder and chief executive of the company, said on Wednesday night: “Nvidia achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with …

Nvidia slumps as tech sell-off deepens
7 months, 3 weeks ago

Nvidia slumps as tech sell-off deepens

The Telegraph  

Microsoft shares have fallen heavily as the software giant reported disappointing results that deepened investors’ fears about the artificial intelligence boom. Despite the figures being better than forecast, investors took fright at lower-than-expected sales in its cloud computing division, which is seen as the company’s key growth driver. Microsoft’s figures triggered a wider sell-off in after-hours trading with Nvidia falling …

Can anything stop Nvidia’s Jensen Huang?
8 months, 3 weeks ago

Can anything stop Nvidia’s Jensen Huang?

Hindustan Times  

Jensen Huang is a man on a mission—but not so much that he does not have time to tell a good story at his own expense. This is the start of a new industrial revolution and, according to Mr Huang, Nvidia is first in line to build the “AI factories” of the future. Nvidia announced the launch later this year …

Is the AI bubble about to burst?
8 months, 3 weeks ago

Is the AI bubble about to burst?

The Independent  

The numbers behind the end of AI kingpin Nvidia’s brief reign as the world’s biggest company are staggering. To put that in context, Britain’s top three most valuable companies – drugs giant AstraZeneca, oil major Shell and international banking group HSBC – are worth a combined £500bn, just a little bit more than has been shaved from Nvidia’s market value …

How Santa Clara chipmaker Nvidia became one of the world’s most valuable companies in the AI boom
9 months ago

How Santa Clara chipmaker Nvidia became one of the world’s most valuable companies in the AI boom

LA Times  

People gather in the Nvidia booth at the Mobile World Congress mobile phone trade show in 2014 in Barcelona, Spain. Recently, Apple was overtaken by Microsoft, and this week there was briefly a new king of Wall Street — once again a Bay Area company: Nvidia, which makes semiconductors in high demand for artificial intelligence applications. Nvidia shares have been …

Nvidia has just become the most valuable company in the world – so who is Jen-Hsun Huang, the man behind it?
9 months ago

Nvidia has just become the most valuable company in the world – so who is Jen-Hsun Huang, the man behind it?

The Independent  

A friend of mine works for the tech company Nvidia in London. This week Nvidia became the world’s most valuable company overtaking Microsoft after its share price climbed to an all-time high of $136 on Tuesday. Jen-hsun Huang, or “Jensen” as he is known to everyone, or “the godfather of AI” as Wall Street likes to call him, is Nvidia’s …

Decoding Nvidia's meteoric rise: From gaming GPU maker to world's most valuable company
9 months ago

Decoding Nvidia's meteoric rise: From gaming GPU maker to world's most valuable company

India Today  

Once known for developing graphics cards for gaming on laptops and PCs, Nvidia has now clinched the title of the world’s most valuable company—a journey that’s nothing short of epic. AI gold rush boosts Nvidia Nvidia’s meteoric rise is a clear indicator of AI’s transformative potential and the company’s stellar run also reflects it on Wall Street. Nvidia rides AI …

Intelligent bet: Can Nvidia keep up its swift rise?
9 months, 1 week ago

Intelligent bet: Can Nvidia keep up its swift rise?

Live Mint  

Last week, Nvidia briefly overtook Apple to become the second most-valuable company in the world at $3.01 trillion. Nvidia’s rise to the top was drastic—fuelling its sharp uptick from a mid-tier tech company to one of the biggest in the world in less than two years. At the heart of this growth is artificial intelligence —as OpenAI’s ChatGPT became popular, …

This record stock market is riding on questionable AI assumptions
9 months, 3 weeks ago

This record stock market is riding on questionable AI assumptions

Live Mint  

Remember all the bulls earlier this year getting excited that the rally was broadening out beyond the “Magnificent Seven” stocks, and how wider gains were a sign that the market’s rise was sustainable? AI has had an astounding run since OpenAI unveiled ChatGPT to the world in late 2022, and Nvidia has been the biggest winner as everyone races to …

Nvidia’s business is booming. Here’s what could slow it down.
10 months ago

Nvidia’s business is booming. Here’s what could slow it down.

Live Mint  

Nvidia is riding high after another quarter of blockbuster sales and earnings, even as threats are emerging that could weaken the company’s position at the center of the artificial-intelligence boom. Sequoia Capital estimated in March that the industry put $50 billion into Nvidia’s chips to train large language models, but generative AI startups had only made $3 billion in revenue. …

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
10 months ago

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence

Associated Press  

SAN FRANCISCO — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Huang predicted that the companies snapping up Nvidia chips will use them to build a new type of data centers he called “AI factories” designed to produce “a new …

Nvidia shares shed 10%, shaving off at least $200 billion
11 months ago

Nvidia shares shed 10%, shaving off at least $200 billion

The Hindu  

Nvidia shares fell by 10% in the last day, sending shockwaves through the tech sector as the company lost over $200 billion in value. Analysts pointed to pressure on the semiconductor industry, upcoming earnings reports, and a fall in stock prices of Nvidia vendor Super Micro Computer, as possible factors behind Nvidia’s own falling stock value. Apart from Nvidia, a …

Nvidia boss Jensen Huang's wish to work on PM Modi's AI plan: ‘I am open for business… spread the word’
1 year ago

Nvidia boss Jensen Huang's wish to work on PM Modi's AI plan: ‘I am open for business… spread the word’

Hindustan Times  

Nvidia CEO Jensen Huang said that Artificial Intelligence will help India's transformation from being the IT back office of global companies to the front office for engineering, finance, marketing and sales. Nvidia's CEO Jensen Huang displays products on-stage during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California. Jensen Huang on working with Indian government …

This tech company has had a better year than Jensen Huang's Nvidia
1 year ago

This tech company has had a better year than Jensen Huang's Nvidia

Hindustan Times  

Nvidia has more than quadrupled the value of its shares in the past year but one of the chipmaker’s customers is performing even better as server-maker Super Micro Computer has become a major supplier for companies and governments who are eager to ride the AI wave as sales of its servers filled with Nvidia’s AI chips are projected to double …

Nvidia CEO Jensen Huang believes there is ‘low probability of success’ if company is started because of this reason
1 year ago

Nvidia CEO Jensen Huang believes there is ‘low probability of success’ if company is started because of this reason

Hindustan Times  

Nvidia CEO Jensen Huang said that anyone should build a company if they are passionate about it in a recent economic forum held at Stanford University. And so if that is your reason for doing it, you will likely regret the experience.” Jensen Huang, CEO of NVIDIA, participates in the 2024 Stanford Institute for Economic Policy Research Summit in Palo …

Is There an AI Bubble? The Nifty Fifty Show It Isn’t That Simple
1 year ago

Is There an AI Bubble? The Nifty Fifty Show It Isn’t That Simple

Live Mint  

Is artificial intelligence blowing a bubble? The famous “Nifty Fifty" stocks of the 1970s are one guide to today’s hopes and fears. Since there was never an official list of the Nifty Fifty, Siegel included many stocks such as Philip Morris and General Electric, which had price-to-earnings ratios under 25. Sure, most of 1972’s hot stocks face cooler expectations in …

Why do Nvidia’s chips dominate the AI market?
1 year ago

Why do Nvidia’s chips dominate the AI market?

Live Mint  

NO OTHER FIRM has benefited from the boom in artificial intelligence as much as Nvidia. Nvidia’s AI chips, also known as graphics processor units or “accelerators", were initially designed for video games. Happily for Nvidia, its chips have found much wider uses: cryptocurrency mining, self-driving cars and, most important, training of AI models. Its chips have kept pace with ever …

Nvidia Doubled Profits in 2024 And Its Outlook is Rosy Despite AI Jitters
1 year ago

Nvidia Doubled Profits in 2024 And Its Outlook is Rosy Despite AI Jitters

News 18  

Nvidia Doubled Profits in 2024 And Its Outlook is Rosy Despite AI Jitters Last Updated: February 27, 2025, 12:50 IST The chipmaking giant’s shares dipped just over 1% in after-hours trading Wednesday, immediately after the company released its earnings report for the quarter ended in January and its full 2025 fiscal year. The chipmaking giant’s shares dipped just over 1% …

Nvidia CEO thinks AI would kill coding, says ‘everybody is now a programmer’
1 year ago

Nvidia CEO thinks AI would kill coding, says ‘everybody is now a programmer’

Hindustan Times  

Jensen Huang, the CEO of Nvidia, recently expressed his views on IT jobs being at risk due to Artificial Intelligence. Highlighting the growing use of AI, with tools like OpenAI's ChatGPT and Google's Gemini, he noted that “everybody is now a programmer.” Jensen Huang, the CEO of Nvidia says people should focus on 'upskilling' more than learning how to code …

AI chip race: Fears grow of huge financial bubble
1 year, 1 month ago

AI chip race: Fears grow of huge financial bubble

The Hindu  

Published : Feb 22, 2024 15:43 IST - 4 MINS READ Sam Altman caused more than a stir in early February when he called for a $5 to 7 trillion global investment to produce more powerful chips for the next generation of artificial intelligence platforms. “It is an order of magnitude more than the entire chip industry has spent in …

Nvidia gives upbeat forecast as AI reaches ‘tipping point’
1 year, 1 month ago

Nvidia gives upbeat forecast as AI reaches ‘tipping point’

LA Times  

Nvidia Corp. predicted another massive sales gain for the current quarter, helping justify a stock rally that has turned it into one of the world’s most valuable companies. Nvidia Chief Executive Jensen Huang said generative AI has reached a “tipping point.” The shares jumped 9% in extended trading after the announcement. “Demand is surging worldwide across companies, industries and nations.” …

Nvidia CEO Says Countries Must Have Independent AI Infrastructure; Dispels Concerns Over Exaggerated Fears
1 year, 1 month ago

Nvidia CEO Says Countries Must Have Independent AI Infrastructure; Dispels Concerns Over Exaggerated Fears

News 18  

Nvidia CEO Jensen Huang said on Monday that every country needs to have its own artificial intelligence infrastructure in order to take advantage of the economic potential while protecting its own culture. Huang, whose firm has catapulted to a $1.73 trillion stock market value due to its dominance of the market for high-end AI chips, said his company is ‘democratizing’ …

AI race a free for all, warns veteran investor Terry Smith
1 year, 2 months ago

AI race a free for all, warns veteran investor Terry Smith

The Telegraph  

Top fund manager Terry Smith has warned that the race to dominate artificial intelligence may not produce a clear “winner”. In a letter to investors on Tuesday, Mr Smith said: “Maybe there won’t be a winner, either in the provision of large language models or their use. “The adoption of AI may lead to a situation where everyone has it, …

NVIDIA collaborates with US Govt to make low-grade AI Chips for the Chinese market
1 year, 3 months ago

NVIDIA collaborates with US Govt to make low-grade AI Chips for the Chinese market

Firstpost  

NVIDIA is working closely with the US government to design and supply China’s tech firm with AI chips that would comply with US’s standards for Ai chip exports to China. The new GPUs, or AI chips are massively nerfed than the current flagships that NVIDIA makes In an announcement on Wednesday, NVIDIA’s CEO, Jensen Huang, revealed the company’s close collaboration …

PM Narendra Modi Meets Nvidia Co-Founder Jensen Huang To Discuss India's AI Potential
1 year, 6 months ago

PM Narendra Modi Meets Nvidia Co-Founder Jensen Huang To Discuss India's AI Potential

ABP News  

Leading GPU maker Nvidia's co-founder and CEO Jensen Huang met with Prime Minister Narendra Modi to discuss the rich potential India offers in the world of artificial intelligence. This is the second meeting between Modi and Jensen that seems to highlight Nvidia's role in the country’s fast-growing technology industry. Mr. Jensen Huang was appreciative of the strides India has made …

Nvidia sales hit record high as AI chip demand soars
1 year, 6 months ago

Nvidia sales hit record high as AI chip demand soars

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Artificial intelligence chip giant Nvidia has seen its revenue double in the last …

How Nvidia became the world’s most important company overnight
1 year, 7 months ago

How Nvidia became the world’s most important company overnight

The Telegraph  

To a degree, Huang is fortunate his video game chips are so well suited to AI, but his allies reject suggestions he simply stumbled upon a pot of gold. Greg Bassuk, chief executive of AXS Investments, says Nvidia’s valuation is “suspect for some investors concerned about geopolitical impacts on the company’s growth prospects”. He adds investors are now looking at …

Nvidia’s rising star gets even brighter with another stellar quarter propelled by sales of AI chips
1 year, 7 months ago

Nvidia’s rising star gets even brighter with another stellar quarter propelled by sales of AI chips

Associated Press  

SAN FRANCISCO — Computer chip maker Nvidia has rocketed into the constellation of Big Tech’s brightest stars while riding the artificial intelligence craze that’s fueling red-hot demand for its technology. The results covering the May-July period exceeded Nvidia’s projections for astronomical sales growth propelled by the company’s specialized chips — key components that help power different forms of artificial intelligence, …

Nvidia joins trillion dollar club on booming AI demand
1 year, 9 months ago

Nvidia joins trillion dollar club on booming AI demand

The Hindu  

Nvidia Corp. on Tuesday became the first chipmaker to hit a trillion-dollar market value, as the company bets on a surge in demand for its AI chips that power chatbot sensation ChatGPT and many other applications. The latest surge in Nvidia's shares that powered the company past the trillion-dollar mark followed its revenue forecast last week that surpassed estimates by …

Nvidia becomes first $1TRILLION chipmaker in AI boom
1 year, 9 months ago

Nvidia becomes first $1TRILLION chipmaker in AI boom

Daily Mail  

Nvidia has become the first chipmaker company to hit a valuation of $1trillion - joining just nine other companies that have reached the milestone. Nvidia's share rose by four percent during early trading - meaning the company had an impressive one-day gain of $40 billion, which pushed it over the one trillion mark. Nvidia's market capitalization hit $1trillion on Tuesday, …

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