Search Results for: Nvidia

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AMD Unveils Instinct MI400: is it time for AMD to challenge NVIDIA dominance?

AMD has officially lifted the curtain on its next-generation AI chip, the Instinct MI400, marking a significant escalation in the battle for data centre dominance. Set to launch in 2026, the MI400 is designed to power hyperscale AI workloads with unprecedented efficiency and performance. Sam Altman and OpenAI have played a surprisingly hands-on role in …

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Saudi Arabia to acquire 18000 Nvidia AI chips with more to follow

Saudi Arabia is making bold moves in artificial intelligence with a major acquisition from Nvidia. The tech giant will be sending more than 18,000 of its latest GB300 Blackwell AI chips to Saudi-based company Humain, in a deal that marks a significant step toward the nation’s ambitions to become a global AI powerhouse. The announcement …

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Nvidia sales grow 78% on AI demand – gives strong guidance

Nvidia recently reported its Q4 results, showcasing impressive growth driven by strong demand for AI technology. The company achieved a record quarterly revenue of $39.3 billion, marking a 78% increase from the previous year. This growth was primarily fuelled by the success of Nvidia’s Blackwell AI supercomputers, which saw billions of dollars in sales in …

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Is Nvidia share price at risk as DeepSeek creates an alternative lower cost AI direction?

Nvidia’s share price has been on a rollercoaster ride recently. After experiencing a significant drop due to concerns over the Chinese startup DeepSeek’s AI models, Nvidia’s stock saw a sharp recovery. On Tuesday 28th January 2025 Nvidia shares ended 8.82% higher at $128.86 on Nasdaq, following a 17% drop the previous day. However, there are …

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Investors poured money into leveraged ETFs linked to Nvidia – then the stock crashed!

Single-stock ETFs betting heavily on Nvidia’s blistering rally plunged, tracking losses in the AI chip makers shares, calling into question the reliability of the leveraged investment strategy. The GraniteShares 2x Long NVDA Daily ETF (NVDL) fell nearly 34% overnight. The Direxion Daily NVDA Bull 2x Shares ETF (NVDU) and T-Rex 2X Long Nvidia Daily Target ETF (NVDX) plunged 33.8% and 33.77% respectively. All …

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Nvidia unveils new powerful mini-AI computer designed for developers

Nvidia is pushing the boundaries of AI technology with its new mini-AI computer, Project DIGITS, recently unveiled at CES 2025 Priced at $3,000, this mini powerhouse aims to bring cutting-edge AI capabilities to individual desks, making it accessible for AI researchers, data scientists, and students who need to develop and test AI models locally. At …

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Nvidia in correction territory amid Nasdaq highs

Nvidia recently entered correction territory, with its stock falling over 10% from its peak. This decline comes after a robust rally fueled by investor excitement around AI technology. Despite Nvidia’s slip, the Nasdaq Composite continues to soar to new highs, driven by strong performances from other tech giants like Apple, Microsoft, and Alphabet. The market’s …

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China initiates investigation into Nvidia as the microchip battle rumbles on

China has reportedly initiated a probe into Nvidia, the US computer chip manufacturer, over purported breaches of anti-monopoly regulations. The company’s shares fell by over 3% following the announcement, signalling the latest development in the ongoing tech conflict between the U.S. and China over the profitable semiconductor market. Over recent weeks, the U.S. imposed stricter …

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Nvidia beats on Q3 earnings but shares still slide

Is Nvidia competing with itself now? Nvidia third-quarter earnings beat expectations, but shares dropped 2.5% in extended trading. The company’s revenue surged 94% year on year to $35.08 billion in the quarter ended 27th October 2024. Net income climbed 109% from a year ago to $19.3 billion. Sales of Nvidia’s next-generation chip Blackwell, will be limited by …

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Nvidia promoted to Dow Jones Industrial Average at the expense of Intel

Nvidia is set to replace its rival chipmaker Intel in the Dow Jones Industrial Average, signifying a significant change in the blue-chip index that highlights the surge in artificial intelligence and a substantial shift within the semiconductor industry. Intel’s shares fell by 1% in extended trading on Friday 1st November 2024, while Nvidia’s shares increased …

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Nvidia hits new record high with new $3.4 trillion market cap

Nvidia’s shares have reached a record peak as the company continues to benefit from the surging demand for its AI chips Tech giants such as Microsoft, Meta, Google, and Amazon are acquiring Nvidia’s GPUs in large volumes to create extensive AI computing clusters. Nvidia, with a market capitalisation of around $3.4 trillion, ranks as the …

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What is China’s equivalent to Nvidia?

Chinese firms are reportedly intensifying their efforts to develop a competitive alternative to Nvidia’s AI chips, as part of Beijing’s ongoing initiative to reduce its reliance on U.S. technology. China faces several challenges that are impeding its technological progress, including U.S. export restrictions that limit domestic semiconductor production. The lack of technical expertise is also …

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Biggest one-day market capitalisation drop for a U.S. stock in history, and guess what… it was Nvidia

Nvidia $279 billion market cap wipeout — the biggest in U.S. history for just ONE company On Tuesday 3rd September 2024, around $279 billion of value was wiped off of Nvidia. That was the biggest one-day market capitalisation drop for a U.S. stock in HISTORY! Nvidia one-day chart closed 108 on 3rd September 2024 Nvidia …

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Nvidia reports 122% revenue growth

Nvidia has announced earnings surpassing Wall Street forecasts and has issued guidance for the current quarter that exceeds expectations. As the artificial intelligence boom continues, Nvidia remains a major beneficiary. Despite a stock price dip, after trading hours, the stock has risen approximately 150% this year. The question remains whether Nvidia can sustain this growth …

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Nvidia rebounds after half a trillion market cap slump

To put this figure into some perspective, the loss is comparable to the GDP output of a small country, such as Norway, Singapore, or the UAE, for example. Global semiconductor stocks experienced volatility on Tuesday following a decline in Nvidia’s shares from the previous trading sessions. Shares of chip firms in Europe and Asia fell in …

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Nvidia slips by 13% in three days after momentarily becoming most valuable company

The Dow Jones Industrial Average gained as investors rotated out of ‘hot’ chip stocks, including Nvidia. Nvidia shares fell a little under 7% on Monday 24th June 2024, the chipmaker’s third down day in a row. The stock is down 13% from its peak last week. Other stocks that also experienced drops on Monday were …

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Nvidia briefly surpassed the individual stock market values of Germany, France and the UK

The little-known company, Nvidia, now stands alongside Apple and Microsoft in market cap valuation thanks to AI. In just a little over a year it has all but tripled its market valuation and become a go to investment on Wall Street and around the world. Nvidia’s market capitalization has recently individually surpassed the total value …

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S&P 500 breaches 5500 but closes slightly lower as Nvidia pulls back from its meteoric rise

The S&P 500 retreated on Thursday 20th June 2024, having momentarily surpassed the 5500 for the first time ever, as Nvidia, a favourite stock with Wall Street investors, relinquished its earlier gains. The S&P 500 index fell 0.25% to end at 5473. Earlier in the session, the S&P 500 gained around 0.34% to hit a …

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Nvidia passes Microsoft in market cap – should investors be concerned about the meteoric rise?

Nvidia, traditionally recognised within the gaming community for its graphics chips, has become the world’s most valuable publicly traded company. On Tuesday 18th June 2024, Nvidia’s shares rose by 3.6%, increasing its market cap to $3.34 trillion and overtaking Microsoft, now valued at $3.32 trillion. Earlier in the month, Nvidia’s valuation reached $3 trillion for …

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Nvidia to get 20%+ weighting as ETF fund reportedly plans to acquire $10 billion of shares

Nvidia’s swift ascent is poised to prompt a major technology exchange-traded fund to acquire more than $10 billion in shares of the semiconductor maker, consequently reducing its shareholding in Apple. The Technology Select Sector SPDR Fund (XLK), which will rebalance soon, is guided by an index that will adjust based on the market cap value …

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Nvidia $3 trillion market cap propels S&P 500 and Nasdaq to new all-time highs

The S&P 500 reached a new high as Nvidia surpassed the $3 trillion mark for the first time, and the anticipation of an interest rate cut grew due to softer-than-expected job data. S&P 500 all-time high as of 5th June 2024 Similarly, the Nasdaq 100 and Nasdaq Composite achieved new record highs AI boom catapults …

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Wall Street is in love with Nvidia as results beat estimates – but can the stock maintain these meteoric gains?

Nvidia’s shares surpassed $1,000 for the first time during extended trading on Wednesday 22nd May 2024, following the chip manufacturers report of fiscal first-quarter (Q1) earnings that exceeded analysts’ expectations. Investors have been using Nvidia’s performance as a barometer for the AI industry’s growth, which has captivated the market over the past year. The robust …

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With a 20,000% increase over the past decade – has Nvidia’s stock peaked?

NVIDIA Corporation (NVDA) has experienced remarkable growth over the past decade. Historical stock price trends As of 10th May 2024, NVIDIA’s closing stock price stood at: $898.78 NVIDIA’s stock reached an all-time high of $950.02 on 25th March 2024. The 52-week high stands at $974.00, which is 9.7% higher than the current share price. Conversely, …

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Nvidia enters correction territory as stock falls from all-time high

Nvidia, manufacturer of one of the most advanced graphics processing units (GPUs), has significantly benefited from the artificial intelligence (AI) surge due to the high demand for its microchips. The company’s shares have fallen 10% from their recent all-time high, which was over $950. On Tuesday, 9th April 2024, the stock closed at $853.54, but …

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Nvidia has big AI ambitions in medicine and healthcare 

NVIDIA reportedly introduced about twenty or so new AI-driven tools tailored for healthcare at its 2024 GTC AI conference, securing partnerships with Johnson & Johnson and GE Healthcare for surgical and medical imaging applications. For the AI chip pioneer, venturing into healthcare represents a decade-long development effort with substantial revenue possibilities. The adoption of AI …

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