NVIDIA invested $3.5 billion in MediaTek via convertible bonds, marking its largest direct investment outside the U.S. Jensen Huang emphasized this is not circular financing but a long-term, decade-spanning partnership aimed at co-developing custom chips for AI, edge computing, and automotive markets. MediaTek's profitability and independent demand for chips support the deal's legitimacy. This move positions NVIDIA to compete with custom silicon makers like Broadcom and AMD by expanding into markets where general-purpose GPUs are less effective.
Nvidia projects a 70% growth rate, which the company says is capped by supply constraints rather than weak demand. This indicates that the market demand for Nvidia's products is actually stronger than the forecast suggests. The supply ceiling could l...
Elon Musk told G20 leaders AI and robotics could add $20 to $30 trillion annually to the global economy within about 18 months, citing Tesla's self-driving tech, upcoming humanoid robots, and advanced AI software. However, experts and supply chain co...
At a G20 event, Elon Musk forecasted that artificial intelligence could increase the global economy by 20% to 30%, equating to $20-$30 trillion per year. He believes AI will soon handle all tasks not requiring manual atom shaping, possibly by the end...
NVIDIA's stock rose 4% following reports of advanced talks to acquire AI platform Hugging Face for $12.9 billion, enhancing its AI model capabilities. Meanwhile, Dell Technologies surged 8% after beating revenue expectations and raising its full-year...
Intel's stock surged 267.6% over the past year, driven by strong revenue growth in AI and data centers, and an expanding foundry business. Q2 2026 results beat expectations with 25.42% revenue growth and a 59% jump in data center and AI revenue. The ...
