Tag Archives: Nvidia

A day after its winning streak snapped, the S&P 500 was back on the rise on Wednesday. The S&P 500 was up 0.2%. The Dow Jones Industrial Average was up 114 points, or 0.3%. The Nasdaq Composite was up 0.3%. The yield on the 2-year Treasury note was down to 3.57%. The 10-year yield was down to 4.11%. The iShares …

Nvidia (NVDA) CEO Jensen Huang said his company’s new deal with OpenAI (PC:OPAIQ) marks a major shift in how the two work together. In an interview with CNBC’s Jim Cramer, Huang explained that this is the first time “OpenAI is going to buy directly from us.” Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing …

Nvidia currently dominates the artificial intelligence (AI) boom, but another big-tech peer could be better positioned for the rise of quantum applications. Every major technology wave has produced its defining infrastructure giant. The internet had Cisco. The smartphone era was molded by Apple. And today’s artificial intelligence (AI) revolution is dominated by Nvidia. But as AI begins shifting toward more …

Musk’s xAI Nears $20 Billion Capital Raise Tied to Nvidia Chips  Bloomberg.com Nvidia to Invest in Musk’s xAI as Part of $20 Billion Funding  Yahoo Finance Elon Musk’s xAI may be the next AI company to do a creative financing deal involving Nvidia  MarketWatch Elon Musk Gambles Billions in Memphis to Catch Up on AI  The Wall Street Journal Musk’s xAI nears $20 billion …

A top Wall Street analyst has sounded an alarm over the U.S. equity bull market, warning that its remarkable run is built on a precariously narrow foundation: a surge in spending on, and optimistic assumptions about, infrastructure for artificial intelligence (AI). This spending has fueled a boom in the shares of most of the so-called Magnificent 7 and a few …

Nvidia CEO Jensen Huang on Tuesday brushed off a media report that said Oracle is seeing thin margins on its business of renting out Nvidia chips to customers. Oracle is “going to do incredibly well,” Huang said in an interview with Jim Cramer at the CNBC Investing Club’s Monthly Meeting, which was held Tuesday afternoon at the New York Stock …

OpenAI, Nvidia Fuel $1 Trillion AI Market With Web of Circular Deals  Bloomberg.com Nvidia Stock Rebounds After AMD-OpenAI News; Is It A Buy Now?  Investor’s Business Daily Jensen Huang doesn’t care about Sam Altman’s AI hype fears: He thinks OpenAI will be the first ‘multitrillion-dollar hyperscale company’  Fortune Nvidia and OpenAI plot massive GPU expansion  Yahoo Finance Nvidia Stock Drops After AMD OpenAI Deal. …

Nvidia CEO Jensen Huang told staff that the company will continue to sponsor H-1B visas and cover all associated costs following President Donald Trump’s executive order last month that imposed a $100,000 fee on each new application. Huang reiterated his earlier support for the changes and shared personal reflections on immigration in the internal message, which Business Insider viewed. “As …

The latest artificial intelligence rally hit a snag on Tuesday, and it’s putting the S&P 500’s winning streak in jeopardy. The S&P 500 was down 0.4% on Tuesday, which would snap the index’s winning run at seven days. The Dow was down 150 points, or 0.3%, while the Nasdaq Composite was down 0.7%. Only 190 S&P 500 stocks were falling, …

Oracle stock slipped 5% on Tuesday after a report from The Information that raised questions about the company’s plans to buy billions of Nvidia chips to rent as a cloud provider to clients like OpenAI. Oracle had 14% gross margins on $900 million in sales in its Nvidia cloud business in the three months ending in August, according to the …