News with the tag "NVidia"

HSBC Global Private Banking has shifted its investment stance to overweight on US equities, attributing the move to the accelerating adoption of artificial intelligence (AI) across various sectors and a reduction in geopolitical risks In an interview, HSBC’s Global Chief Investment Officer Willem Se...

BitcoinWorld AI Chips: NVIDIA and AMD Launch New Models in China Amidst US Restrictions The world of technology is constantly evolving, with AI and its underlying hardware playing a crucial role. For those following the crypto and tech markets, understanding the flow of advanced semiconductors, part...

Nvidia is now worth $3.5 trillion and the largest company on earth once again because Jensen Huang thinks every single thing we do is about to be broken down into tokens — not crypto tokens, but AI tokens. These are the chunks of data artificial intelligence eats, learns from, and generates. Accordi...

Nvidia and Advanced Micro Devices (AMD) will soon begin to sell new, cheaper AI GPUs targeting the Chinese market. The decision was influenced by U.S. restrictions placed on China. The American Chipmaker will sell the B20 model instead of the H20, which has been put on hold pending licensing require...

Nvidia CEO Jensen Huang believes Elon Musk’s humanoid robot, Optimus, is on the cusp of reshaping the global economy. He even called it “likely the next multi-trillion dollar industry.” In an interview with Bloomberg, Huang praised Musk as an “extraordinary engineer” whose projects, from Tesla’s sel...

BitcoinWorld Nvidia Suffers Billions in Revenue Loss Due to US Chip Restrictions For anyone following the intersection of technology, global politics, and markets – which increasingly includes the cryptocurrency world due to the heavy reliance on high-performance computing – recent news from Nvidia ...

Nvidia CEO Jensen Huang says Chinese AI firms are quickly stepping in to fill the void left by the departure of US companies from the market. Huang even argued that Chinese tech has grown more advanced. He said, “The Chinese competitors have evolved,” adding that Huawei Technologies Co., despite US ...

Nvidia reported a blowout first quarter on Wednesday, pulling in $44.06 billion in revenue—72% more than it made in the same period last year—according to data reported by LSEG. The number landed well above expectations and immediately pushed Nvidia’s stock up around 6% in after-hours trading. The c...

Shares of Nvidia (NVDA) rose roughly 4% in post-trading hours after reporting better-than-expected earnings and revenue on Wednesday. The AI powerhouse posted a 69% increase in revenue in the first quarter, compared to a year ago, with its data center business growing 73% year-over-year. Net income ...

U.S. stocks declined while the markets focused on the upcoming Q1 earnings report by chip giant Nvidia. U.S. stocks declined as traders reacted to the latest Fed minutes and anticipated Nvidia earnings. On Wednesday, May 28, Dow Jones traded at 42,219 points, losing 124 points or 0.29%. At the same ...