OpenAI announced its first in-house AI accelerator chip, Jalapeño, which reportedly outperforms Nvidia's Blackwell-generation systems in AI inference tasks, delivering up to 1.9 times more throughput and significantly lower latency. The chip, developed with Broadcom and Celestica, focuses on inference only and is set for volume production in 2027. This announcement comes just before Nvidia's fiscal second-quarter earnings report, highlighting a growing competitive threat as major tech companies develop custom AI chips. Investors will watch Nvidia's guidance and comments on custom silicon amid this evolving landscape where hyperscalers increasingly build their own AI hardware.
The Fidelity Disruptive Technology ETF (FDTX) received a Buy rating due to its concentrated, actively managed portfolio targeting leading companies in AI infrastructure and compute, such as NVIDIA, TSMC, Microsoft, Amazon, Google, and Meta. This focu...
Nvidia is reportedly set to buy AI startup Hugging Face for $12.9 billion, significantly boosting its position in open-source AI development. Hugging Face is a popular platform for sharing open-source AI models, and the acquisition would help Nvidia ...
Nvidia reported a 105.8% year-over-year revenue increase to $96.2 billion for Q2 FY2027, driven by strong data center demand and AI growth. Despite this, Nvidia's stock closed down 6.45% since June 1, partly due to over $400 million in shares sold by...
Nvidia CEO Jensen Huang defended the company's growing financial support for AI startups, calling it a "once in a generation" opportunity due to the capital-intensive nature of AI development. He emphasized that Nvidia's investments are low risk beca...
Amazon and Nvidia announced a major expansion of their partnership, with Amazon agreeing to add 2 million Nvidia GPUs to its AWS data centers in 2027 and 2028. This deal follows a previous agreement to deploy over 1 million GPUs starting this year, d...
