US CHIP COMPANY NVIDIA
Nvidia pulls S&P 500 lower as small caps rally
Tesla's stock dropped 6.5% following news of a two-month delay in its robotaxi launch, as reported by Bloomberg. Apple shares dipped 2.4% after reaching a record high on Wednesday, despite BofA Global Markets increasing its price target due to anticipated strong iPhone sales fueled by new AI features.
All about chip giant TSMC that crossed $1 trillion market cap
Set up by MIT and Stanford graduate Morris Chang in 1987, TSMC soon became the leader of the semiconductor industry. The Taiwan-based company manufactures almost 90% of the world's total chips and is the sole supplier of tech giants like Nvidia, Apple, Qualcomm AMD and others.
AI boom reshapes Wall Street as TSMC joins trillion-dollar club
The entry of Taiwanese chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI revolution is shaking up Wall Street. The top ten of the world's most valuable companies is headed by Microsoft and Apple, closely followed by AI chip designer Nvidia.
South Korean shares hit over 29-month high, Samsung Electronics shines
South Korean financial markets experience a surge, with shares hitting a 29-month high driven by Samsung Electronics' expected profit increase. Auto and financial sectors also see gains due to dividend policy measures. Bank of Korea suggests structural reforms for addressing high living costs. Foreign investors show interest with net share purchases. Market yields decline notably.
Explained: Why is France targeting Nvidia?
France's antitrust regulator is set to charge Nvidia in relation to alleged anti-competitive practices. The move comes after dawn raids by French authorities in September last year, which sources said targeted Nvidia. The raids were the result of an ongoing probe into the cloud computing industry.
Nvidia short sellers make $5 billion from three-day selloff, data shows
Short sellers have profited significantly from Nvidia's recent decline, with gains peaking at $2.40 billion in a single day, showcasing the impact of market dynamics on the AI chip designer's stock.
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AI startup Etched raises $120 million to develop specialised chip
The San Francisco-based company aims to make a specialised processor tuned to run a specific kind of AI model that is widely used by OpenAI's ChatGPT and Google Gemini.
Beyond Nvidia: the search for AI's next breakthrough
For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza. "If you look across the chip history, we really have for the most part focused on more general chips," Rebecca Parsons, CTO at tech consultancy Thoughtworks, told AFP. Providing more specialized processing for the many demands of AI is an opportunity seized by Groq, a hot startup that has built chips for the deployment of AI as opposed to its training, or inference -- the specialty of Nvidia's world-dominating GPUs. that Nvidia won't be the best at everything, even if they are uncontested for generative AI training.
Former OpenAI cofounder launches new AI company
Ilya Sutskever, cofounder of OpenAI, launched Safe Superintelligence Inc (SSI) shortly after leaving OpenAI, joined by Jan Leike who now leads at Anthropic. Sutskever emphasised SSI's singular focus on advancing AI capabilities while prioritizing safety, aiming for rapid and secure scaling.
Incredible Nv!dia, bluest chip company
Nvidia's recent surge to become the top company by market capitalization raises several critical questions. Firstly, while Nvidia excels with its graphics chips powering generative AI, questions linger on whether its clients like Microsoft and Alphabet (Google) have clear plans to monetize this technology. Secondly, Nvidia has surpassed Intel in earnings and valuation, prompting speculation about the sustainability of its computing dominance and drawing comparisons to Cisco's rise during the dotcom era.
Nvidia has rubbed off on India, and that is a warning
Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.
S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
The S&P 500 and Nasdaq hit record highs fueled by Nvidia's surge, overtaking Microsoft as the most valuable company. Chip stocks, including Qualcomm and Micron, rallied, boosting the Philadelphia SE Semiconductor index to a new peak.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
Samsung workers strike, the first in the company's history
Samsung workers strike over wage disputes amid Samsung Electronics' battle to regain edge in memory chip business crucial for AI systems, challenged by SK Hynix in market dominance.
US stocks mixed as Nvidia retreat hits tech stocks; payrolls data in focus
The Nasdaq and S&P 500 touched fresh intraday record highs shortly after the open, however, initial gains fizzled out as Nvidia slipped more than 2%. In the previous session, it had crossed $3 trillion in market valuation and overtaken Apple as the world's second most valuable company.
Japan's Nikkei rises as chip-related shares track US peers higher
Japan's Nikkei share average rose 0.55% to close at 38,703.51, led by Tokyo Electron and chip-related stocks, but gains were limited ahead of global central bank meetings.
US clears way for antitrust inquiries of Nvidia, Microsoft and OpenAI
Federal regulators are proceeding with antitrust investigations into Microsoft, OpenAI, and Nvidia in the AI industry. The Justice Department and FTC are leading the investigations, signaling increased scrutiny into AI technology.
Japan's Nikkei jumps as chip-related shares track US peers higher
Japan's Nikkei share average rose over 1% on Thursday, led by Tokyo Electron and other chip-related stocks tracking U.S. peers higher.
Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
Like a pop star, Nvidia's CEO Huang stirs up 'Jensanity' in Taiwan
Huang, the local boy who made good, is the subject of wall-to-wall coverage on Taiwanese television and reporters trail him constantly. He was mobbed by attendees at the Computex tech trade fair and has featured in thousands of social media posts.
Musk orders Nvidia to ship AI chips reserved for Tesla to X and xAI, CNBC reports
Shares of Tesla dipped nearly 1% in premarket trading after the report.
Intel battles AMD with new data center chips
Intel launched sixth generation Xeon server processors to regain data center market share. Gaudi 3 AI chip, priced competitively, provides a cheaper alternative to rivals' chips. Lunar Lake laptop chip, with a powerful AI processor, will ship in Q3.
AMD launches new AI chips to take on leader Nvidia
Advanced Micro Devices unveiled the MI325X accelerator at Computex, aiming to challenge Nvidia with new AI chips by 2026.
US is slowing AI chip exports to Middle East by Nvidia, AMD
In October, the Commerce Department added much of the Middle East to chip export restrictions that originally focused on China and a handful of other foreign adversaries. That meant companies needed a special US government license to ship cutting-edge semiconductors and chipmaking tools to countries such as Saudi Arabia and the UAE.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
Japan's Nikkei slumps to weekly loss as Fed outlook weighs
Japan's Nikkei share average fell 1.17% to 38,646.11, influenced by Wall Street's decline due to U.S. economic data impacting Federal Reserve rate cut expectations. The Nikkei, down 0.36% for the week, saw chip stocks like Advantest and Tokyo Electron decline, influenced by Nomura Securities' analysis and 25-day moving average support.
Japan's Nikkei hits closing high as Nvidia earnings boost tech
Japan's Nikkei share average rose to a one month high led by tech stocks after Nvidia's strong earnings. Analyst Kenji Abe from Daiwa Securities mentioned the positive impact on Japanese tech stocks, especially semiconductor-related companies.
US stocks listless in countdown to Nvidia results, Fed minutes
All eyes will be on whether semiconductor bellwether Nvidia's first-quarter results, due after markets close, can meet sky-high expectations and sustain the bumper gains the company's shares and other AI-related stocks recorded. The Nasdaq briefly touched a fresh record high in choppy trading.
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