Nvidia CEO Jensen Huang is visiting South Korea for four days to deepen business relationships amid global tech supply chain concerns and regulatory challenges in China. His visit includes meetings with top Korean tech executives, appearances on popular TV shows, and a ceremonial first pitch at a baseball game. This visit aims to bolster Nvidia's position in South Korea, a key part of its ecosystem, as geopolitical tensions impact the semiconductor industry. Despite the excitement, South Korean chip stocks fell following weak U.S. chip sector earnings.
The Dow Jones reached a new all-time high driven by optimism over a potential ceasefire in the Iran conflict, which also caused Brent and WTI crude oil prices to drop by around 3%. However, tech stocks faltered, with Broadcom shares falling 15% after...
Leading AI firms such as OpenAI, Anthropic, and SpaceX are moving towards public IPOs, marking a shift from private to public market valuation. These companies have raised unprecedented private funding, with valuations in the hundreds of billions to ...
Senator Elizabeth Warren has invited Nvidia CEO Jensen Huang to testify before the Senate Banking Committee on June 11 regarding Nvidia's business in China and U.S. export controls. Nvidia's AI chips are crucial to global data centers and the AI boom...
Broadcom maintained its AI revenue guidance for Q3 and fiscal years 2026-27, but its stock dropped 15% due to investor disappointment as expectations were higher following strong Q2 results. KeyBanc analyst John Vinh explained the cautious outlook is...
Nvidia reported an 85% year-over-year revenue increase to $81.6 billion in Q1 FY2027, fueled by strong demand for AI infrastructure from hyperscalers. Data Center revenue rose 92% and networking revenue surged 199%, reflecting ongoing monetization of...
