Tech firm Nvidia Corp. has been told by Washington not to sell two of its artificial intelligence (AI) acceleration chips to Beijing and Moscow, potentially affecting millions of dollars’ worth of revenues. “On August 26, 2022, the U.S. government, or USG, informed NVIDIA Corporation, or the Company, that the USG has imposed a new license…
US Restricts Nvidia Corp. From Selling AI Chips to China and Russia, Company Says
September 1, 2022
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Intel Launches New AI Chips, Challenging Nvidia’s Market
JERUSALEM/SAN FRANCISCO—Intel Corp on Tuesday launched a new chip called Gaudi2 focused on artificial intelligence computing, as the chip manufacturer makes a bigger push into the AI chip market currently dominated by Nvidia Corp. Gaudi2 is the second generation processor by Habana Labs, an Israeli AI chip startup Intel bought in late 2019 for about…
Why This Nvidia, Qualcomm Analyst Is Lowering Price Targets for These Chip Stocks
Nvidia Corporation shares command a premium valuation, and sell-side’s theses have all along justified its valuation due to the chipmaker’s strong growth profile and optionality. An analyst at KeyBanc Capital Markets, however, deemed it fit to downwardly revise the price target, and here’s why: Semiconductor Analyst Analyst John Vinh maintained an Overweight rating on Nvidia…
BofA Hails Nvidia’s Dumping of Arm Takeover
NVIDIA Corp’s reported plan of not proceeding with the acquisition of semiconductor licensing company Arm, a move that would be a “net positive” for the chip company, Bank of America said. Vivek Arya, who reiterated a Buy on the stock, said that the scenario would benefit Nvidia, given that the deal faces “considerable regulatory pushbacks” worldwide, including in…
Nvidia’s $40 Billion Arm Deals Faces FTC Roadblock
The Federal Trade Commission has sued to block U.S. chip supplier Nvidia Corp.’s $40 billion acquisition of the SoftBank Group Corp.-backed UK chip design provider Arm. FTC Bureau of Competition Director Holly Vedova said the proposed vertical deal could offer the influential chipmaker control over the computing technology and designs relied on by the rivals…
US Joins UK, EU in Opposing Nvidia-Arm Deal
The United States raised potential objections to Nvidia Corp.’s controversial acquisition of SoftBank Group Corp.-owned Arm, Financial Times reports. Nvidia admitted that the Federal Trade Commission had “expressed concerns” about the Arm transaction and that it was in discussions with the agency about “remedies to address those concerns.” Recently the UK launched an in-depth investigation…
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