Nvidia reported Q2 revenue of $96.2 billion, surpassing analyst estimates and showing 106% growth year-over-year, driven by strong demand for its AI chips, especially in the data center segment which grew 117%. Adjusted earnings per share were $2.22, beating expectations. For Q3, Nvidia forecasted revenue of $108 billion, well above Wall Street estimates, despite excluding data center revenue from China. The company highlighted the ramp-up of its next-gen Vera Rubin platform to support AI infrastructure growth, signaling continued momentum in AI-driven computing.
Ride-hailing company inDrive is partnering with Chinese autonomous vehicle firm Pony.ai and Nvidia to test robotaxis in Kazakhstan starting in 2027. The tests will begin in Astana with safety operators, aiming for fully driverless rides eventually. P...
Nvidia Corporation is rated a Strong Buy with a price target of $447, implying about 101% upside. The company is transforming into a central player in the AI economy by providing key infrastructure and governance. Strategic moves like acquiring Huggi...
Altimeter Capital's Brad Gerstner highlights SpaceX's massive $400 billion investment to build 10 GW of computing power next year, aiming to dominate the emerging superintelligence era. This scale could represent 25% of new U.S. compute capacity, fue...
Karman has enabled NexGen Cloud to increase AI compute capacity by 60% within the same power budget at its Montreal data center by using its AI-driven power orchestration platform. This technology allows 16 NVIDIA B300 servers to run within the power...
Billionaire hedge fund manager Ken Griffin calls the current AI investment surge a bubble due to speculative excess and uncertain future demand. Despite his warning, his firm Citadel holds about $8.6 billion in major AI-related stocks including Amazo...
