Nvidia's stock rose about 48% since the January 2025 launch of DeepSeek-R1, despite an initial 17% plunge due to fears that efficient AI could reduce hardware demand. The company recovered as AI market growth continued, driven by strong investments and product advances. Nvidia reported record fiscal 2026 revenue of $215.9 billion and is expected to reveal strong earnings on August 4, reflecting ongoing demand for AI infrastructure and easing export restrictions to China. This earnings report will test if AI spending by tech giants can sustain its current pace.
Dutch startup Euclyd has raised $230 million in a funding round co-led by Samsung and several investment funds to develop a new AI inference chip system that aims to compete with Nvidia's GPUs. Founded in 2024, Euclyd is designing a chip with a diffe...
At the All-In Summit, Nvidia CEO Jensen Huang received a live phone call from President Donald Trump, which he put on speaker for the audience. The call highlighted their shared stance against slowing AI development, contrasting with some industry le...
During the All-In Summit in Los Angeles, President Donald Trump called Nvidia CEO Jensen Huang on stage, dismissing concerns about artificial intelligence and data center construction as a "hoax." Trump praised data centers as vital economic drivers,...
Nvidia is encountering concerns about a potential slowdown in AI development due to rising fears around AI risks, highlighted by calls from industry leaders to pace AI progress. Despite this, strong structural demand for Nvidia's AI data center produ...
Marvell Technology's stock fell 7% amid concerns over a slowdown in AI infrastructure spending and an expected Federal Reserve rate increase. This decline led a broader sell-off in semiconductor stocks, with Broadcom down 4% and NVIDIA retreating 3%....
