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Bloomberg67d 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

Bloomberg67d 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

Bloomberg67d 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

Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives
Reuters67d agobullish
Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives

Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between ‌Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups ‌in AI and robotics. Chipmaker Samsung Electronics was also buoyed by data that South Korea's semiconductor exports ​surged to a record high in June on the AI boom, helping the country's total exports post their biggest rise in over four decades. Huang is expected to visit South Korea later this week and meet LG Group Chairman Koo Kwang-mo and ‌other Korean executives, a person ⁠with knowledge of the matter said.

Nvidia CEO to kick off and dominate Computex gathering in Taipei
Reuters67d agoneutral
Nvidia CEO to kick off and dominate Computex gathering in Taipei

Nvidia boss Jensen Huang will kick off the Computex trade show in Taiwan on Monday with ‌a lengthy speech about AI in which he is expected to expound on ‌his company's latest product efforts as well as the island's central role in the industry. The CEO of the $5 ​trillion chipmaker, who was born in Taiwan's southern city of Tainan, announced plans last week to invest around $150 billion a year in Taiwan, describing it as the epicentre of the AI revolution. The speech is set to begin at 11 a.m. (0300 GMT) at the Taipei Music Hall.

Investing.com67d 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
TheStreet67d 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
Reuters67d 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.

June Labeled ‘Crunch Point’ as Energy Reserves Burn Through and Rate Hikes Loom
24/7 Wall St.67d agoneutral
June Labeled ‘Crunch Point’ as Energy Reserves Burn Through and Rate Hikes Loom

The host of Reuters Morning Bid opened the week with a framing that might make investors pause. The current macro environment looks calmer on the surface than the underlying conditions actually warrant, and June is when that gap may close. Two pressures are converging at the same time: energy reserves are depleting due to the ... June Labeled ‘Crunch Point’ as Energy Reserves Burn Through and Rate Hikes Loom

Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem
24/7 Wall St.67d agoneutral
Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem

Inflation has a way of turning economics into personal finance. For retirees living on fixed incomes, every increase in the price of groceries, gasoline, utilities, and healthcare stretches a monthly Social Security check a little further than it was designed to go. And after years of inflation shocks, Americans are once again watching prices climb. ... Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem

Bidenflation Hit Harder, but Trumpflation May Last Longer
24/7 Wall St.67d agoneutral
Bidenflation Hit Harder, but Trumpflation May Last Longer

Inflation may be one of the few issues capable of uniting Americans across party lines. Voters can argue endlessly about tax policy, government spending, tariffs, or regulation. But when the cost of groceries, gasoline, and housing starts climbing faster than paychecks, political loyalties often take a back seat to household budgets. That’s because inflation isn’t ... Bidenflation Hit Harder, but Trumpflation May Last Longer

Nvidia’s latest product is a game-changer
TheStreet68d 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 ...