NVIDIA
Taiwan's economy grows by almost 13% on AI demand
Taiwan's exports surged 21.6% year-on-year in the second quarter, which was "mainly driven by the sustained strong external demand for artificial intelligence (AI) and related evolving applications", the statement said. Imports over the same period grew by 18.3% from a year ago.
Moonshot has Nvidia chip cluster from Alibaba computing deal: Bloomberg News reports
Chinese AI firm Moonshot has secured computing power from Alibaba. This deal involves approximately twenty thousand Nvidia chips for their models. Moonshot recently unveiled its Kimi K3 model, a large open-weight AI system. US export controls create computing power constraints for Chinese companies. Moonshot is seeking additional chips to train its next AI model.
Why high-conviction investor Cathie Wood bought Nvidia after it erased billions from May high
Cathie Wood's Ark Invest bought nearly 79,000 Nvidia shares worth about $15.5 million after the AI chipmaker's recent selloff, reaffirming confidence in the stock despite its recent decline and mixed performance of Ark's flagship fund.
European Union aims for seven AI gigafactories with €10 billion plan in race with US, China
The European Union will fund seven artificial intelligence gigafactories across the bloc. This initiative aims to close the technology gap with the United States and China. The Commission plans to attract at least twenty billion euros in private investments. These facilities will combine advanced AI processors, software, and cloud technology. Successful bidders will be announced in early 2027 for operational facilities.
Qualcomm wins BMW chip supply deal for future vehicle platforms
Qualcomm will supply chips for BMW's future digital cockpits and driver-assistance systems. This long-term agreement extends through the next decade, enhancing vehicle intelligence. The deal includes Qualcomm's Snapdragon Digital Chassis solutions for AI-led platforms. Competition intensifies in the automated driving market with other chip suppliers. This collaboration defines the future of mobility for both companies.
Nvidia partner ChipAgents raises $60 million to accelerate chip design with AI agents
Chip design startup ChipAgents has secured a significant $60 million funding round. This investment will accelerate their plans to speed up semiconductor design processes. The company utilizes AI agents to automate complex and lengthy chip development tasks. ChipAgents focuses on improving chip verification, ensuring intended functionality and bug detection. This funding brings their total raised to $131 million, with support from notable investors.
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Apple crosses $5 trillion market cap on Tuesday trading, becomes second company to achieve milestone
Apple briefly crossed the $ 5 trillion market capitalization mark on Tuesday. The company reclaimed its position as the world's most valuable publicly traded entity. This development occurred just a day after overtaking Nvidia in market valuation. Apple's stock has seen significant gains this year, driven by product ecosystem optimism. Nvidia remains the only other company to have achieved this valuation milestone.
Nvidia-backed neoclouds hover over India to lease data centre capacity
CoreWeave, Together AI, Nebius, Lambda Labs, Crusoe and Nscale are in various stages of discussions with companies such as Sify Technologies, Yotta Data Services, CapitaLand Investment, CtrlS Datacentres and Tata Communications to lease compute capacity for AI inference workloads, people familiar with the matter told ET.
Apple briefly tops $5 trillion in market value, second after Nvidia; unveils iPhone leasing scheme
Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
Explained: The $400 million ASML 'printers' key for the AI chip boom
Advances in AI and a global buildout of data centres have led chipmakers to expand capacity rapidly. ASML supplies tools to TSMC, which makes chips for Nvidia, as well as to memory chip makers like SK Hynix, Samsung and Micron.
Apple briefly becomes second company ever to notch $5 trillion market value
Its shares were last up 0.2% at $337.7, giving it a market capitalization of $4.96 trillion. At a session high of $342.89, Apple's market value stood at $5.036 trillion.
Quote of the day by Jensen Huang, 'Business comes and goes and we make a strategic decision that could lead you to whole new place' reveals psychology of successful businessman, Nvidia CEO teaches timeless inspiring motivational leadership advice on business, strategy
Nvidia CEO Jensen Huang's quote of the day reflects one of the most important realities of modern business: success belongs to those willing to adapt, innovate, and think beyond the present. Markets will continue changing. Technologies will continue evolving. Customer expectations will continue rising. Yet every challenge also creates new possibilities for those prepared to recognize them. Strategic decisions may involve uncertainty, but they also have the power to redefine careers, transform organizations, and unlock opportunities that once seemed impossible. In the end, businesses may come and go, but thoughtful leadership, continuous learning, and the courage to embrace change remain timeless qualities that lead people to entirely new places.
Taiwan detains Nvidia employee in Super Micro probe, Taiwan media says
Taiwanese authorities have taken into custody an Nvidia employee as part of an investigation concerning the unlawful export of AI servers. These servers, which included Nvidia chips, fall under United States export restrictions established in 2022. This detention is linked to a wider investigation into the shipment of Super Micro AI servers to China, following the earlier arrests of three individuals for similar breaches of export laws.
Nvidia behind $50 billion lease on Texas data center, FT reports
In an impressive move, Nvidia is reportedly set to lease Hut 8's data center in Texas, with the value of the arrangement potentially soaring to fifty billion dollars in the future. This state-of-the-art campus is designed to facilitate extensive artificial intelligence training and operations. Moreover, Nvidia is expected to sublease parts of the facility to its cloud computing allies, significantly advancing their AI infrastructure through the cutting-edge DSX architecture.
TCS, Infosys, Coforge, other IT stocks rally up to 10% after Nvidia-led chip rout. Is AI trade ending?
Indian IT stocks rallied on Tuesday, with TCS, Infosys, HCL Tech, Wipro, Coforge and Tech Mahindra gaining despite a global sell-off in AI-linked stocks. Investors tracked the sharp decline in Nvidia, Micron, SanDisk, SK Hynix and Samsung shares for clues on AI sector sentiment.
Nvidia to invest $5 billion in Ilya Sutskever's AI startup
The two companies announced the deal Monday morning without disclosing financial terms. The funding will boost SSI's available computing resources, the companies said. The deal also gives SSI access to Nvidia's cutting-edge Vera Rubin hardware.
Nvidia in talks with OpenAI to guarantee $250 billion financing for data centre: WSJ
The power for the project is controlled by the US government and funded separately by Japan under a recent trade deal, with US Commerce Secretary Howard Lutnick involved in deciding who will receive access to it, the report added.
Nvidia forms industry alliance for open AI security after Hugging Face hack
The Open Secure AI Alliance, with founding members including Adobe, CrowdStrike, Hugging Face and Dell Technologies, follows a public letter, signed by a wide range of companies including OpenAI, which advocates for open-weight AI models.
Global Market Update | South Korea's Naver jumps 10% on Nvidia's $1 billion investment plan
Nvidia will invest one billion dollars in Naver's new shares. This investment supports expanding an AI data center project in South Korea. Brookfield will provide up to nine billion dollars in financing for this initiative. The expanded data center will utilize Nvidia's chip platforms by 2028. This collaboration aims to tap into sovereign AI demand across global regions.
South Korea's SK Hynix, Samsung Electronics sign $950 billion partnership with US big tech
The partnership includes the long-term supply of $750 billion in memory chips to US companies by SK Hynix and $200 billion in chips by Samsung Electronics to Broadcom, the presidential adviser, Kim Yong-beom, said at a briefing.
Nvidia, SK Group unveil $500 billion-plus AI data centres initiative, memory partnership
As part of the initiative, SK Telecom plans to build a 2-gigawatt AI data centre powered by Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first facility due to come online in 2027, Nvidia added.
South Korea President Lee looking to open new era of AI in with global tech companies
President Lee delivered a keynote address unveiling a "San Francisco AI Declaration" that outlined South Korea's AI ambitions and its vision for technological cooperation with the United States. Lee separately met Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan, before joining the South Korean government-backed summit in San Francisco.
Nvidia CEO Jensen Huang backs open AI models, coalition for safety and innovation
A broad coalition of companies and institutions, including Nvidia, Meta, Microsoft, Hugging Face, and the Linux Foundation signed a letter, arguing that open-weight models, which are systems anyone can download, inspect, and modify, deserve a major place in the US' AI strategy, not a defensive afterthought.
Nvidia, Amkor strike $1.5 billion chip packaging deal
Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's US advanced packaging operations, including capacity in Arizona.
AMD says its newest AI server is in full production, will ship in months
The Helios servers will contain AMD's latest MI455X AI accelerator with its new Venice central processor, both of which are made by Taiwan Semiconductor Manufacturing Co. During Su's keynote address at an event in San Francisco, OpenAI's top computing executive joined Su to say that the ChatGPT creator plans to start using the Helios racks later this year.
AMD expected to launch next generation of AI infrastructure to challenge Nvidia
Advanced Micro Devices is launching new artificial intelligence hardware on Thursday. This new hardware aims to compete directly with Nvidia's offerings. AMD is targeting the growing data center inference computing market. The company also announced significant deals with AI labs Anthropic and OpenAI. These agreements position AMD for substantial future revenue in the chip sector.
Nvidia donates supercomputer to US military university
The NPS is operated by the US Navy and offers masters and doctoral degrees in fields such as computer science and aerospace engineering, among others, with an emphasis on their applications in warfare. Nvidia donated a system based on its GB300 "Grace Blackwell" servers, its most advanced AI computers, to the NPS Foundation, a nonprofit connected to the school.
Apple and Nvidia tango at the top
Amidst a fierce battle for market supremacy, Apple and Nvidia are vying for the top spot, each showcasing unique strengths. Apple remains anchored in consumer services and hardware, while Nvidia thrives in the generative AI space. Investors are shifting their focus beyond mere speculations on AI’s future, recognizing the solid foundations both companies have established, indicating that this rivalry is far from over.
Nvidia supplier Wistron launches $700 million Texas factory for AI system production
The Fort Worth facility manufactures Nvidia's GB300 Grace Blackwell Ultra Superchip. Nvidia CEO Jensen Huang has described the AI system built around the product as "the most powerful AI supercomputer in the world." Wistron said the site is where Nvidia's first GB300 Grace Blackwell Ultra Superchip was built and mass-produced in the United States.
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