Nvidia is downplaying possible U.S. chip-export restrictions to China by the Biden administration. The Wall Street Journal reported on June 27 that the White House was mulling even more restrictions on artificial intelligence (AI) chip exports to China. A potential chip ban could affect Nvidia’s status as the world’s leader for the graphics processors needed to…
Nvidia Reacts to Possible US Chip Restrictions to Beijing
June 30, 2023
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Nvidia to Build Israeli Supercomputer as AI Demand Soars
JERUSALEM—Nvidia Corp. said it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Nvidia, the world’s most valuable listed chip company, said on May 29 the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end of 2023. Gilad Shainer, a…
Nvidia Temporarily Becomes First Chipmaker to Hit $1 Trillion in Value
May 31, 2023
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Nvidia became the first chipmaker to be valued at over a $1 trillion, before falling in trading later in the day. The U.S. chipmaker’s market value rose 3 percent, to $401.15 on May 30, after tripling in value since October, due to its successful investments in Artificial Intelligence, as investors pile on to the firm. The…
AI Can Make Anyone a Programmer, Nvidia CEO Says
As generative Artificial Intelligence (AI) has become the next big thing in computing, Nvidia CEO Jensen Huang on Monday said anyone can become a computer programmer without the need to write code. Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, audio, and synthetic data….
Chip Giant Nvidia Nears Trillion-Dollar Status
Nvidia’s stock surged 24 percent on Thursday after the chipmaker forecast a huge jump in revenue, boosting its market value close to $1 trillion. Nvidia CEO Jensen Huang said the company was seeing “surging demand” for its data center products amid the rise of accelerated computing and generative AI, according to its May 24 press…
Chip Giant Nvidia Nears Trillion-Dollar Status on AI Bet
Nvidia Corp. surged 24 percent on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI. The surge more than doubled the stock’s value for this year and increased the chip designer’s…
Nvidia to Sell ‘Repackaged’ A100 Chips in China, Bypassing US Export Restrictions
Chipmaker Nvidia plans to sell alternative versions of its A100 chip in China in a bid to comply with export restrictions set by the United States, a decision some experts see as a repackaging effort. On Aug. 26, the U.S. government informed Nvidia that its data center chip A100 was added to the export control list…
Pelosi’s Husband Sold Nvidia, Micron Options at a Loss
House Speaker Nancy Pelosi’s husband sold call options in chipmakers Micron Technology and Nvidia for a loss of under $1 million, according to a new transparency filing. In a periodic transaction report dated Friday, the senior Democrat disclosed that her husband, financier Paul Pelosi, lost $392,575 in the sale of Micron call options he had…
Chipmakers Post Weak Results, Reduce Spending Amid Recession Fears
October 7, 2022
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Multiple chip manufacturers are posting disappointing financial results and cutting down on spending—developments that are negatively affecting the share prices of these firms. AMD, for example, recently announced its preliminary third-quarter sales, missing projections by more than $1 billion. The third-quarter revenue is expected to be $5.6 billion, below the company’s forecast of $6.7 billion….
Pelosi’s Husband Sells Nvidia Shares at Major Loss Ahead of House Vote on Chipmaker Subsidies
July 28, 2022
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A recent filing by House Speaker Nancy Pelosi (D-Calif.) shows that her financier husband Paul Pelosi offloaded nearly $5 million worth of graphics card giant Nvidia shares just days before House lawmakers are set to consider legislation that would provide billions in government subsidies for U.S. semiconductor production. In a periodic transaction report signed on Tuesday,…
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