Nvidia, Jensen Huang and Hopper chips
Digest more
Nvidia is the poster child of the stock market's AI-driven ascent to record highs, so all eyes were laser-focused on its latest earnings report. The AI King delivered the goods, besting Wall Street analysts' top and bottom-line estimates, and offering bullish guidance. Investors reacted kindly... at first.
Nvidia's China business faltered in the AI chipmaker’s third quarter as a trade war with the US rolled on. Nvidia recorded just $50 million in sales of its H20 chips — less po
The stock move notwithstanding, analysts say Nvidia delivered a big beat, posted strong networking growth and indicated a lot of visibility into future business trends.
"Amidst a wide range of growing AI concerns, NVDA answered the bell with GB300 shipments driving healthy upside to estimates," Jefferies analyst Blayne Curtis commented in a note. "These results and commentary should help steady the ship for the AI trade into the end of the year."
Michael Burry of "The Big Short" fame once again went after Nvidia over its chips' longevity, its stock dilution, and "give-and-take deals" in AI.
Nvidia surrendered early gains of nearly 5 per cent despite beating Wall Street expectations on both revenue and earnings and issuing strong fourth-quarter guidance. The stock closed more than 3 per cent lower and hit one-month lows,
Dell first announced its AI strategy last year with Nvidia as a partner and now it is furthering the partnership with integration of Dell’s ObjectScale and PowerScale unstructured data storage devices with the Nvidia NIXL library.
Dell Technologies is integrating advanced Nvidia hardware into its servers to provide enterprises with the power to drive artificial intelligence applications and high-performance computing.
Can Bitcoin really overtake Nvidia's massive market cap in just five years? The simple math might surprise you.
Germany’s JUPITER Booster marks Nvidia’s first 1-exaflop system on the TOP500 List, earning the fourth spot.