US stock futures climbed Wednesday evening as Wall Street reacted to Nvidia’s (NVDA) earnings report in a move that helped rekindle broader AI trade by stemming bubble fears, at least for now. Futures tied to the tech-heavy Nasdaq (NQ=F) led the way higher, rising 1.7%. Futures tied to the S&P 500 (ES=F) were up 1.2%….
Nvidia blew past Wall Street financial targets in its third quarter, posting a 62% surge in revenue and forecasting continued strong growth for the current quarter with demand for its AI chips showing no sign of slowing down. “Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in…
SAN FRANCISCO – Computer chipmaker Nvidia is poised to release a quarterly earnings report Wednesday that is expected to either deepen a recent downturn in the stock market or prompt an sigh of relief among investors increasingly worried that the world’s most valuable company is perched atop an artificial intelligence bubble that’s about to burst….
Nvidia CEO Jensen Huang has clarified his previous remarks that China will win the AI race with the US trailing behind. A Financial Times report this week claimed Huang said, “China is going to win the AI race.” He has now denied the statement, saying “That’s not what I said”, adding “What I said was…
Editor’s Note: The following is a slightly abridged version of Noahpinion’s “At least five interesting things: Smart Ideas edition (#71)”, published on November 8. 1. Are we wrong on antitrust? In the 2000s and 2010s, America generally saw slow growth, low levels of business investment, and low business dynamism. We also saw increasing levels of…
Jensen Huang during the China International Supply Chain Expo in Beijing (Bloomberg) — Nvidia Corp. made history last week when it became the first company ever to have a market value of $5 trillion. But that’s just one way it’s casting a shadow over the global economy. Most Read from Bloomberg The chipmaker at the…
By Niket Nishant (Reuters) –Nvidia was set to open above a $5 trillion market value on Wednesday, becoming the first company to reach the milestone after a powerful rally that has made the chip designer the centerpiece of the artificial intelligence boom. Shares of the Santa Clara, California-based company jumped 2.8% in premarket trade after…
Nvidia CEO Jensen Huang (AP Photo/Manuel Balce Ceneta) Nvidia CEO Jensen Huang came to Washington with a message for the Donald Trump administration. Speaking at he first Nvidia developers’ conference, Nvidia CEO cautioned the US government that America cannot win the AI battle if the world, if China fully excludes Nvidia from its vast developer…
US stocks jumped to new record highs on Tuesday as investors fielded the latest rush of earnings and looked to the Federal Reserve meeting to confirm interest rate cuts are on the way. The Dow Jones Industrial Average (^DJI) rose 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) moved up around 0.8%, leading the way higher….
Nvidia CEO Jensen Huang called for a careful, balanced approach to regulating China’s access to key U.S. technologies essential for advancing artificial intelligence. Speaking with Citadel Securities on Tuesday, Huang cautioned that measures that hurt China could also backfire on the U.S., sometimes with even greater consequences. “Before we leap towards policies that are hurtful…