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Qualcomm stock under pressure as Nvidia unveils new product
TheStreet69d agoneutral
Qualcomm stock under pressure as Nvidia unveils new product

Qualcomm's stock was under pressure on June 1 after Nvidia CEO Jensen Huang made a surprise move that rattled the PC chip market. At Taiwan's annual Computex conference, Huang shared that Nvidia (NVDA) is entering the personal computer processor market with a new chip developed in partnership with ...

AMD CEO Lisa Su drops rare message on AI careers
TheStreet69d agobearish
AMD CEO Lisa Su drops rare message on AI careers

As artificial intelligence (AI) transforms workplaces around the world, most people are asking the same question: What skills will still matter when AI can do so much? According to Advanced Micro Devices (AMD) CEO Lisa Su, the answer isn't simply learning how to use AI tools. Su recently told ...

Barclays resets AMD stock price target
TheStreet70d agoneutral
Barclays resets AMD stock price target

The AI trade has spent two years being almost entirely about GPUs. Nvidia dominates that conversation, and most of Wall Street has been happy to let it. Tom O'Malley at Barclays just said that framing may be missing the next big move in semiconductors. His argument centers on a single shift in how ...

Bloomberg71d agoneutral
Nvidia Boss Says Workers Should Be Paid ‘as Much as Possible’

(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang said he pays his workers as much as possible, weighing in on a growing global debate about how profits from the AI infrastructure boom should be shared.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Foun

Nvidia CEO says has capacity to supply robust CPU and GPU growth
Reuters71d agoneutral
Nvidia CEO says has capacity to supply robust CPU and GPU growth

Nvidia boss Jensen Huang said on ‌Tuesday the company has enough supply ‌to accommodate robust growth for central processing units (CPUs) as ​well as graphics processing units (GPUs) as it rides a boom in artificial intelligence. Chief Executive Huang was speaking at Nvidia's GTC ‌press conference during ⁠Computex week in Taipei, a day after the $5 trillion chip giant ⁠unveiled a new chip that processes AI capabilities directly. Nvidia's new chip, which will ​be launched ​in the fall, ​puts AI capabilities directly ‌into laptops and desktop computers, pitting it against the likes of Advanced Micro Devices, Intel and Apple.

AI Trade Gets a Fresh Boost—Heard on the Street Recap
The Wall Street Journal71d agoneutral
AI Trade Gets a Fresh Boost—Heard on the Street Recap

The AI ecosystem got another boost Monday. Anthropic’s surprise IPO filing and Nvidia’s move into the PC market proved good news for a host of tech names exposed to AI. Among them, ARM Holdings jumped nearly 16% on the belief that Nvidia’s entry into PCs will boost the market share of its basic chip designs that rival the x86 chips made by Intel and AMD.

DriveNets secures $410 million in latest funding round, AMD joins as investor
Reuters71d agoneutral
DriveNets secures $410 million in latest funding round, AMD joins as investor

DriveNets, an Israeli networking software firm, said it has raised $410 million in ‌its latest funding round led by Bessemer ‌Venture Partners and Atreides Management, taking its total capital-raise so far ​to $1 billion. New investors AMD and Red Dot Capital joined the round, while existing investors Pitango and D1 Capital Partners also participated. The company would use ‌the proceeds to meet ⁠the surging demand for large-scale AI infrastructure, CEO Ido Susan said.

Wall Street futures gain as AI advances overshadow US-Iran tensions
Reuters72d agoneutral
Wall Street futures gain as AI advances overshadow US-Iran tensions

U.S. stock index futures climbed on Monday, starting June on a firm footing, as the latest AI push from Nvidia and Microsoft ‌lifted shares, even as uncertainty over the Middle East war lingered. Nvidia rose 1.6% ‌in premarket trading after the world's most valuable company unveiled a new chip that brings AI capabilities to ​laptops and desktops, set for release this fall. The chip is a result of a three-year partnership with Microsoft to "reinvent the PC" for the AI era, Nvidia CEO Jensen Huang said.

Bloomberg72d agoneutral
Nvidia Says Anthropic, OpenAI Among Users of New Vera Chip

(Bloomberg) -- Nvidia Corp. said Anthropic PBC, OpenAI and SpaceX are among the first big users of its upcoming microprocessor, securing key customers for its latest attempt to expand an already extensive footprint in AI data centers.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAmericans Injured in Iranian Missile Strike on Kuwaiti Air Base

Nvidia Enters Windows Laptop Market, Taking On Intel and AMD
Bloomberg72d agoneutral
Nvidia Enters Windows Laptop Market, Taking On Intel and AMD

(Bloomberg) -- Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injured in Iranian Missile St

Bloomberg72d agoneutral
Nvidia Enters Windows Laptop Market, Taking On Intel and AMD

(Bloomberg) -- Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixe

Bloomberg72d agoneutral
Nvidia Enters Windows Laptop Market, Taking On Intel and AMD

(Bloomberg) -- Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixe

Investing.com72d agoneutral
Nvidia and AMD face new export limits on China subsidiaries

Investing.com -- The U.S. Department of Commerce on Sunday issued guidance closing a potential loophole that may have allowed companies to export advanced chips including Nvidia's Rubin and Blackwell processors and AMD's MI350x to Chinese entities located outside China.

Nvidia’s $150 billion bet trumps AMD
TheStreet72d agoneutral
Nvidia’s $150 billion bet trumps AMD

Nvidia (NVDA) is making a significant worldwide push as the artificial intelligence competition continues to accelerate across the computer industry. Nvidia CEO Jensen Huang said on May 27 that the business aims to invest as much as $150 billion a year in Taiwan, highlighting the island’s growing ...

US takes step to halt Nvidia AI chip shipments to Chinese firms outside China
Reuters72d agoneutral
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China

The U.S. Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may ‌have led companies to export the world's most advanced chips - like Nvidia's most ‌sophisticated Rubin and Blackwell processors, as well as AMD's MI350x - to Chinese entities located outside China. The unexpected ​guidance suggests the United States' best AI chips may have been making their way to the subsidiaries of Chinese AI firms based in places like Malaysia for almost a year despite broader U.S. efforts to starve Chinese firms of semiconductors needed to develop critical ‌AI capabilities. The new guidance was ⁠posted on the Commerce Department's website on Sunday.

Nvidia’s latest product is a game-changer
TheStreet73d agoneutral
Nvidia’s latest product is a game-changer

Nvidia (NVDA) stock is up about 15.44% year to date, at the time of writing, Friday afternoon, May 29. Meanwhile, the SPDR S&P 500 index (SPY) is up about 11.06% in the same period. While the stock has outpaced the S&P 500, its growth is lagging that of other semiconductor companies that ...

In China, AMD CEO Lisa Su is understated while Nvidia's Huang is more razzmatazz
Reuters75d agoneutral
In China, AMD CEO Lisa Su is understated while Nvidia's Huang is more razzmatazz

When AMD CEO Lisa Su arrived in China last week just days after Nvidia's CEO left, she kept a much lower ‌profile than Jensen Huang, who drew crowds in the centre of the capital as he posed for photos and ate local delicacies like Beijing-style soybean paste noodles. Just a year ago at the annual Computex trade show in Taipei, Huang ​said Nvidia's market share in China had dropped to 50% from 95% due to U.S. export controls. Since then, that has effectively fallen to zero, he said this year, amid Beijing's push for self-reliance in advanced AI chips.