Sales set to double for chip giant Nvidia as AI frenzy persists
4 months, 2 weeks ago

Sales set to double for chip giant Nvidia as AI frenzy persists

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. The chip firm, which is currently the world’s second largest listed company behind Microsoft, has seen its share price surge more than 160% since the start of the year as investors banked on continued growth for its AI and data centre businesses. Nvidia’s growth was supported by the rapid growth of its data centre business, which includes the development of its H100 graphics cards which are widely used to power generative AI apps, such as ChatGPT. The likes of Meta, Amazon, and Microsoft are all customers, each with deep pockets and a desire to build out their AI offerings with the power of Nvidia’s market-leading chips Aarin Chiekrie, equity analyst at Hargreaves Lansdown In the first quarter, data centre revenues were more than five times larger than the same period a year earlier as a result. “That’s underpinning the market’s view that second-quarter revenue and operating profits can more than double to 28.6 billion dollars and 18.7 billion dollars respectively.” The analyst said he believes these projections look “achievable”, with investors therefore likely to have a particularly keen eye on its outlook for the rest of the year.

Microsoft Quarter Ai Nvidia Analyst  set  chip  billion  revenues  frenzy  breaking  sales  giant  persists  growth  quarter  second  ai  analyst  sign  investors  nvidia  double

History of this topic

Why Nvidia needs to appeal to a bigger crowd
19 hours, 50 minutes ago

Why Nvidia needs to appeal to a bigger crowd

Live Mint  

The Nvidia co-founder and chief executive was in rare form for the annual conference’s keynote address, even swapping his typical black leather racing jacket for a glittery one. Nvidia’s data center segment alone is projected to generate about $113 billion in revenue for the fiscal year ending in January—more than the projected total revenue of any other chip company this …

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss
1 day, 4 hours ago

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss

Live Mint  

-- Samsung Electronics Co.’s shares rose after Nvidia Corp. founder Jensen Huang expressed confidence in the Korean company’s ability to resolve technical issues dogging its highest-end memory, offsetting disappointing quarterly results. Samsung has struggled to get its latest products certified by Nvidia, allowing SK Hynix in particular to carve out a larger slice of the market for the high-bandwidth memory …

Nvidia CEO pitches robotics, cars as growth areas to consumer-electronics audience
2 days, 1 hour ago

Nvidia CEO pitches robotics, cars as growth areas to consumer-electronics audience

Live Mint  

Nvidia chief Jensen Huang held forth at a consumer-electronics showcase in Nevada on Monday, touting his inroads in AI agents, self-driving cars and robotics on a day when his company’s valuation reached its highest level. Taking the stage at the annual CES conference in Las Vegas, Huang showed “physical AI" tools that he said would help robots learn using simulated …

Nvidia’s market value gets $2 trillion boost in 2024 on AI rally
6 days, 22 hours ago

Nvidia’s market value gets $2 trillion boost in 2024 on AI rally

Live Mint  

- Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries. The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024, making it the second-most valuable listed company in the world. …

Apple approaches $4 trillion valuation as investors bet on AI momentum
2 weeks, 2 days ago

Apple approaches $4 trillion valuation as investors bet on AI momentum

The Hindu  

Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales. it is a function of limited Apple Intelligence features and geographic availability, and as both broaden, it will help to drive an improvement in iPhone demand," Morgan Stanley analyst Erik Woodring said …

Salesforce Posts Strong Revenue With Promise of AI Boost
1 month ago

Salesforce Posts Strong Revenue With Promise of AI Boost

Live Mint  

-- Salesforce Inc. reported quarterly revenue that topped analysts’ estimates, boosting investor hopes that the company’s much-hyped strategy for artificial intelligence products will lift financial results. Adjusted operating margin, a measure of profitability, was 33.1%, compared with an average estimate of 32.2% Salesforce, the top seller of customer relations management software, pivoted its AI strategy this year to focus on …

Nvidia Says New Chip Remains on Track, Helping Soothe Investors
1 month, 2 weeks ago

Nvidia Says New Chip Remains on Track, Helping Soothe Investors

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid …

Nvidia’s coming year will be a turbulent one
Trending News
1 month, 2 weeks ago

Nvidia’s coming year will be a turbulent one

Live Mint  

One problem with being on top is there is often nowhere to go but down. The chip maker’s fiscal third-quarter report Wednesday afternoon showed annual sales crossing the $100 billion mark for the first time ever—more than double what it was generating a year ago. But the stock still slipped about 2% in after-hours trading since the projection beat Wall …

Nvidia Q3 Results: Stock declines even as revenue nearly doubles; guidance fails to meet expectations
1 month, 2 weeks ago

Nvidia Q3 Results: Stock declines even as revenue nearly doubles; guidance fails to meet expectations

Live Mint  

Nvidia Q3 Results: Nvidia delivered blockbuster third-quarter results on Wednesday, with revenue nearly doubling amid unrelenting demand for its artificial intelligence chips. The company posted revenue of $35.08 billion for the quarter ending October 27, a staggering 94 per cent increase from $18.12 billion in the same period last year. “The guidance seems to show lower growth, but this may …

Nvidia Says New Chip Remains on Track After Forecast Disappoints
Trending News
1 month, 2 weeks ago

Nvidia Says New Chip Remains on Track After Forecast Disappoints

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup can maintain the company’s AI-fueled growth run, though the rush to get the chips out the door is proving more costly than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid “very strong” demand. …

Nvidia is Wall Street’s most valuable company. How it got there, by the numbers
1 month, 2 weeks ago

Nvidia is Wall Street’s most valuable company. How it got there, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that exceeded Wall Street’s forecasts. $30.8 billion Nvidia’s revenue from its data center business for the quarter ended Oct. 31, up 112% from a year ago. $37.5 billion Nvidia’s estimate for overall revenue in the fourth quarter, “plus or minus 2%.” That translates to a range of $36.8 billion to $38.3 billion, …

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
1 month, 2 weeks ago

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips

Associated Press  

LOS ANGELES — Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. Analysts’ were eyeing Nvidia’s guidance on its Blackwell graphics processor unit, a next-generation artificial intelligence chip that’s seen demand from companies like OpenAI and others building AI data centers. Nvidia has led …

Nvidia Q3 results preview: Wall Street traders brace for $300 billion swing in market value, stock up 200% YTD
1 month, 2 weeks ago

Nvidia Q3 results preview: Wall Street traders brace for $300 billion swing in market value, stock up 200% YTD

Live Mint  

Nvidia Q3 Results Today: Artificial intelligence chipmaking giant Nvidia Corp will announce its third-quarter earnings results today amid a broader drag in Wall Street's frontline indices. Nvidia’s stock has rallied nearly 200 per cent so far in 2024 and its reports have been the biggest event on the earnings calendar for more than a year. Nvidia Q3 Results Preview Wall …

Nvidia's Revenue Forecast Fails to Meet Expectations
1 month, 2 weeks ago

Nvidia's Revenue Forecast Fails to Meet Expectations

Bloomberg  

00:00 Four in video. Analysts were looking for 33 and a quarter billion data center revenue, which is a key part of Nvidia's business here, $30.8 billion. Fourth quarter revenue will be 37 and a half billion dollars plus or -2%. So the stock is down about 5% as it tries to digest this market, tries to digest these headlines …

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
1 month, 2 weeks ago

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips

LA Times  

Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. Analysts were eyeing Nvidia’s guidance on its Blackwell graphics processor unit, a next-generation artificial intelligence chip that has seen demand from companies such as OpenAI and others building AI data centers. On an earnings call …

Nvidia’s R2-D2-like robot should focus on developing its AI brain and not body
1 month, 4 weeks 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 stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector
2 months ago

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector

Firstpost  

The buzz around NVIDIA isn’t just politics. The company has become a major player in the US stock market’s tech rally, driven by a fierce competition among Microsoft, Alphabet, and others in the race to dominate artificial intelligence The AI chip giant saw its stock jump by 2.2 per cent, a bump that propelled NVIDIA's market capitalisation to $3.65 trillion, …

The Rise of the Rent-Seekers: How Nvidia's Success is Feeding the Niche Monster
2 months, 1 week ago

The Rise of the Rent-Seekers: How Nvidia's Success is Feeding the Niche Monster

Live Mint  

The article explores the hyperconcentration of the semiconductor industry, with a focus on the impact of Nvidia's dominance on the market. Despite Nvidia's significant revenue growth, the foundries and equipment-makers who design and manufacture chips are left with a much smaller share of the profits. This disparity is attributed to the hyperspecialization of the industry, which has led to a …

Tech bubble fears spark $160bn Nvidia slump
2 months, 3 weeks 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 suffers record $279 billion loss in market value as Wall Street drops
4 months ago

Nvidia suffers record $279 billion loss in market value as Wall Street drops

The Hindu  

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology that …

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff
4 months, 1 week ago

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff

The Hindu  

Apple, Nvidia expected to join OpenAI funding Apple and Nvidia are in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, according to media reports on Thursday. OpenAI has become increasingly important to Apple’s artificial intelligence strategy, with the iPhone maker bringing the AI firm’s chatbot, ChatGPT, to …

Nvidia share price falls despite strong earnings results
4 months, 1 week ago

Nvidia share price falls despite strong earnings results

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 Nvidia’s share price has fallen …

Nvidia can’t escape shadow of AI spending fears
4 months, 1 week 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
4 months, 1 week 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 …

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers
4 months, 1 week ago

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

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Nvidia reports record quarterly revenue as AI chip demand continues
4 months, 1 week ago

Nvidia reports record quarterly revenue as AI chip demand continues

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 US computer chip giant Nvidia …

Nvidia results could spur record $300 billion swing in shares, options show
4 months, 1 week ago

Nvidia results could spur record $300 billion swing in shares, options show

The Hindu  

Traders in the U.S. equity options market are expecting Nvidia's upcoming earnings report to spark a more than $300 billion swing in the shares of the world's most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares on Thursday, a day after it reports earnings, data from analytics firm ORATS …

All eyes are on Nvidia as it prepares to report its earnings. Here's what to expect
4 months, 1 week ago

All eyes are on Nvidia as it prepares to report its earnings. Here's what to expect

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched
4 months, 1 week ago

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched

NPR  

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched The chip company Nvidia is the darling of the AI boom. Microsoft, Google, Facebook, Amazon and others are spending billions of dollars on AI, and they've said they expect to spend billions more, which is why analysts like Matt Bryson are so excited about Nvidia. He's an …

Tech bubble fears grow as Nvidia shares slump
4 months, 1 week 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 reports big earnings, but still falls flat in the eyes of investors
4 months, 1 week ago

Nvidia reports big earnings, but still falls flat in the eyes of investors

NPR  

Nvidia reports big earnings, but still falls flat in the eyes of investors The chip company Nvidia is powering the artificial intelligence boom, and its stock has become the darling of Wall Street. The chip company Nvidia reported blockbuster earnings this afternoon, but that big win fell flat. And if you look at Nvidia sales, it's still kind of a …

Wall Street’s next big test is looming with Nvidia’s profit report
4 months, 2 weeks ago

Wall Street’s next big test is looming with Nvidia’s profit report

Associated Press  

NEW YORK — How much hype is left in Nvidia’s stock? Nvidia has ridden Wall Street’s mania around artificial intelligence to become one of the stock market’s most massive companies, with a total value topping $3 trillion. Combined with Nvidia’s big size, the blistering performance meant the chip company accounted for nearly 30% of the S&P 500’s total return for …

Wall Street's next big test is looming with Nvidia's profit report
4 months, 2 weeks ago

Wall Street's next big test is looming with Nvidia's profit report

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Anyone with an S&P 500 …

Nvidia slumps as tech sell-off deepens
5 months, 1 week 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 …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
6 months ago

Samsung expects profits to jump nearly 15-fold thanks to AI boom

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 Samsung expects its profits for …

All eyes are on Nvidia’s stock, so what’s been going on?
6 months, 1 week ago

All eyes are on Nvidia’s stock, so what’s been going on?

The Hindu  

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. Huge demand There’s been nearly insatiable demand for Nvidia’s chips to power artificial intelligence applications and the company has played a big role in the U.S. stock market’s recent record runs even as the economy’s growth slows …

Nvidia share price jumps 7%, bounces back after $430 billion market dip
6 months, 2 weeks ago

Nvidia share price jumps 7%, bounces back after $430 billion market dip

Live Mint  

Nvidia share price rallied nearly 7% on Tuesday, witnessing a technical bounce back after three days of consecutive losses that wiped out $430 billion from the artificial intelligence chipmaker’s market value. Nvidia stock price is up 154% this year and has accounted for nearly 30% of the S&P 500’s year-to-date return as of Monday’s close, according to S&P Dow Jones …

All eyes are on Nvidia’s stock, so what’s been going on?
6 months, 2 weeks ago

All eyes are on Nvidia’s stock, so what’s been going on?

Associated Press  

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. There’s been nearly insatiable demand for Nvidia’s chips to power artificial intelligence applications and the company has played a big role in the U.S. stock market’s recent record runs even as the economy’s growth slows under the …

Nvidia sees around £339bn wiped off market value in three-day sell-off
6 months, 2 weeks ago

Nvidia sees around £339bn wiped off market value in three-day sell-off

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 US computer chip maker Nvidia …

At $3.34 Trillion, How Has Nvidia Become the World's Biggest Company?
6 months, 2 weeks ago

At $3.34 Trillion, How Has Nvidia Become the World's Biggest Company?

News 18  

In a historic achievement, Nvidia has surged to become the world’s most valuable company, boasting a market capitalization of $3.34 trillion. With a market value of $3.334 trillion, Nvidia is now worth more than the GDP of all but six of the world’s biggest economies. In 2023, Nvidia’s data centre revenue surged by 35 per cent, accounting for nearly 40 …

How Santa Clara chipmaker Nvidia became one of the world’s most valuable companies in the AI boom
6 months, 2 weeks 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 …

How Nvidia took over the world – and where it goes from here
6 months, 2 weeks ago

How Nvidia took over the world – and where it goes from here

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. Nearly every major tech conference and keynote from that point on has had a heavy focus on …

Decoding Nvidia's meteoric rise: From gaming GPU maker to world's most valuable company
6 months, 3 weeks 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 …

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year
6 months, 4 weeks ago

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year

Associated Press  

Nvidia’s 10-for-1 stock split is in effect, giving investors nine additional shares for every one that they already own. Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500. The meteoric ride allowed Nvidia to briefly surpass Apple last week as the second …

Nvidia’s stock market value topped $3.3 trillion. How it became No. 1 in the S&P 500, by the numbers
7 months ago

Nvidia’s stock market value topped $3.3 trillion. How it became No. 1 in the S&P 500, by the numbers

Associated Press  

Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500. Here’s a look: $3.334 Trillion Nvidia’s total market value as of the close Tuesday. $113 billion The one-day increase in Nvidia’s market value on Tuesday. $119.9 billion Analysts’ estimate for Nvidia’s revenue for the fiscal …

Nvidia’s business is booming. Here’s what could slow it down.
7 months, 2 weeks 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. …

Jensen Huang says ‘revolution here' as Nvidia ignites $140 billion stock rally. Here's why
7 months, 2 weeks ago

Jensen Huang says ‘revolution here' as Nvidia ignites $140 billion stock rally. Here's why

Hindustan Times  

Nvidia- the chipmaker at the center of an artificial intelligence boom, gained after a bullish sales forecast showed that its AI computing spending remains strong. Nvidia CEO Jensen Huangs speaks at the company's office in Santa Clara, California. Nvidia CEO Jensen Huang said that this is the dawning of a new era as his company's market valuation skyrocketed, topping $2.3 …

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
7 months, 2 weeks 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
8 months, 2 weeks 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 …

Discover Related