At a time when the United States is decoupling from China on cutting-edge chip technology, Nvidia has unveiled its list of suppliers for the advanced 800 VDC power architecture powering next-generation AI data centres. Among American and European giants was an unexpected name: Innoscience, a Chinese company specialising in gallium nitride (GaN) technology. Innoscience marks…
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in…
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) dipped 2.7% in late trading Wednesday even after topping Wall Street’s expectations, hiking guidance, and rolling out a $60 billion share buyback program. For the quarter ending July 27, the chipmaker earned an adjusted $1.05 a share on $46.74 billion in revenue, ahead of forecasts for $1.01…
Discussions with the White House to allow American AI chip company Nvidia to sell a less advanced version of its next-generation GPU chip to China will take time, Nvidia CEO Jensen Huang said on Thursday. When asked about White House talks on Blackwell chip sales to China in a Fox Business News interview, Huang said…
Fusion power startup Commonwealth Fusion Systems has raised $863 million from a long list of investors that includes Nvidia, Google, Breakthrough Energy Ventures, and more. “We’re continuing our trend here of looking into the world and saying, ‘How do we advance fusion as fast as possible?’” co-founder and CEO Bob Mumgaard told reporters in a…
Big Tech’s massive artificial intelligence investments continued to fuel Nvidia’s (NVDA) rapidly growing data center business this quarter, but Wall Street is flagging the risk of a slowdown and what that means for the AI chipmaker. Nvidia said in its second quarter filing to the Securities and Exchange Commission that large-scale cloud service providers made…
WASHINGTON (Reuters) -Discussions with the White House to allow American AI chip company Nvidia to sell a less advanced version of its next-generation advanced GPU chip to China will take time, Nvidia CEO Jensen Huang said on Thursday. When asked about White House talks on Blackwell chip sales to China in a Fox Business News…
Nvidia (NVDA) is still AI’s star — even if it didn’t light up its latest earnings report. The chipmaker’s blockbuster second quarter, which beat expectations on the top and bottom lines, didn’t quiet analysts’ concerns over slowing momentum, particularly in data center growth and exposure to the Chinese market. Frank Lee, global head of tech…
Build-A-Bear Workshop (BBW) stock moved higher Thursday after the experiential retailer beat Wall Street’s expectations with record revenue and raised its full-year guidance. In the second quarter, revenue grew 11.1% to a record $124.2 million, higher than the street’s expected $116 million, per Bloomberg consensus data. It delivered adjusted earnings of $0.94, more than the…
This article first appeared on GuruFocus. Aug 28 – Elon Musk’s latest forecast for artificial intelligence places compute power at the heart of the industry’s race forward. In a post on X, Musk said his AI startup xAI could require the equivalent of 50 million Nvidia (NASDAQ:NVDA) H100-class chips within five years, eventually reaching billions….