Tag: $Nvidia Corp

Strong growth due to AI chip demand fails to meet Wall Street’s highest hopes

 Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls, four sources familiar with the matter said.

Ooredoo earlier this week signed a partnership with Nvidia, marking the chipmaker’s first large-scale entry into the Middle East market. The companies did not disclose the value of the deal.

Nvidia leapfrogged Apple and Microsoft to snatch the crown of most valuable company on Tuesday as the chipmaker continued to ride AI-wave to new heights.

One of the world’s most prominent technology ETFs looks poised for a big rebalancing that would ramp up exposure to Nvidia Corp. (NVDA) at the expense of Apple Inc. (AAPL) – spurring billions of dollars in trading volume in one fell swoop.

Stock splits like Nvidia’s don’t matter, or do they? That debate seems to come up every time a new company announces plans to complete one. As with many investing questions, the answer is: It depends.

Nvidia’s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors.

Nvidia Chief Executive Jensen Huang on Monday kicked off his company’s annual developer conference with a slew of announcements designed to keep the chip maker in a dominant position in the artificial-intelligence industry.

The stock and earnings moves raise the stakes for the company’s latest developers conference, which kicks off in San Jose Monday afternoon, with a keynote from founder and CEO Jensen Huang.

Nvidia , whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its AI platform.

Nvidia shares jumped 14% in pre-market trade on Thursday after the chip giant posted bumper earnings that beat Wall Street estimates, driven by excitement over artificial intelligence.

Imagine a more private and personalized ChatGPT that allows users to talk to data stored locally on their own computers.

Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company’s plans.

U.S. chipmaking giant Nvidia is set to launch an adjusted version of a gaming processor with slower performance in China to comply with U.S. export restrictions.

BEIJING/SINGAPORE, Dec 11 (Reuters) – Chinese chip designers including Tencent Holdings are aggressively pitching their AI chips as alternatives to Nvidia’s , hoping U.S. export restrictions will prompt clients to switch, said four people familiar with such discussions.

The new chip, called the H20, was being delayed due to issues server manufacturers were having integrating the semiconductor into their products, Reuters reported.

Nvidia’s results surpassed analysts’ projections for revenue and income in the fiscal fourth quarter.

Nvidia has been hit with a series of restrictions on exports of its artificial-intelligence chips to China. However the chip maker isn’t giving up on a promising market for its AI processors. 

Oct 23 (Reuters) – Nvidia dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers.

Nvidia and a number of other AI chip companies saw their shares fall Tuesday morning due to new U.S. export restrictions on China.