Tag: NVIDIA Corp

Rivian’s R1 Pickup and SUV Get a Redesign with New Nvidia Chips

The latest announcement from Rivian Automotive showcases the redesign of its all-electric R1 pickup and SUV models, incorporating improvements in range, performance, and computing power with the help of Nvidia chips. This development marks significant upgrades to the 2025 model-year vehicles, with more than half of the hardware components being changed for the second-generation products. […]

Nvidia’s market value skyrockets to $3 trillion thanks to AI revolution

Nvidia, the leading company in generative artificial intelligence, reached a significant milestone as its market cap surpassed $3 trillion for the first time. The stock surged 5% to $1,224.40, closing at an all-time high. This achievement also propelled Nvidia to become the second-largest public company, trailing only behind Microsoft. This remarkable performance is a culmination […]

Intel Reveals Latest AI Chips in Bid to Compete with Nvidia and AMD

Intel has recently made a major announcement in the tech industry, revealing new artificial intelligence chips designed for data centers. This move positions Intel to compete with industry rivals such as Nvidia and AMD, who have also unveiled new AI chips in recent days. The new Xeon 6 processor from Intel promises improved performance and […]

Nvidia Introduces Latest AI Chips Amid Intensifying Market Competition

Nvidia Unveils Next Generation AI Chips to Stay Ahead of Competition At the forefront of artificial intelligence chip development, Nvidia has once again raised the bar with the introduction of its latest AI chip architecture, dubbed “Rubin.” This announcement comes just months after the unveiling of the upcoming “Blackwell” model, demonstrating Nvidia’s commitment to rapid […]

Tech Bulls Return, US Futures Rise: Market Update

US equity futures and Treasuries edged higher on Friday, partially recovering from the losses experienced the previous day. This drop was triggered by expectations that the Federal Reserve’s first interest rate cut would be delayed to December. Contracts for the S&P 500 and Nasdaq 100 indexes rose about 0.3%, with premarket gains seen in Micron […]

AI presents crossroads for new Amazon cloud boss Matt Garman

The recent shake-up at Amazon Web Services (AWS) has left many in the tech industry wondering about the company’s future in generative artificial intelligence. With the departure of CEO Adam Selipsky and the appointment of Matt Garman as his successor, the focus is on how AWS will compete in the emerging world of AI chatbots […]

Nvidia’s AI growth remains strong as data center revenue skyrockets by over 400%

Nvidia’s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers spending billions of dollars on its chips will be able to make money off AI, too. […]

Former Cisco CEO predicts AI will drive stock market growth for the next ten years

Artificial intelligence (AI) is set to dominate the stock market for the next decade, according to former Cisco CEO John Chambers. In an interview with CNBC at the VivaTech conference in Paris, Chambers stated that AI will not only determine the winners and losers in the tech sector, but also lead to significant returns for […]

Activists considering purchasing Abbott competitor despite baby formula lawsuits

The CNBC Investing Club with Jim Cramer provides valuable insights and updates for investors each weekday with the Homestretch, an actionable afternoon update released just in time for the last hour of trading on Wall Street. The market has been experiencing a period of tight range trading, following a four-week rally that brought major stock […]

Blackstone leads $7.5 billion debt financing for AI startup CoreWeave

CoreWeave, a leading artificial intelligence infrastructure startup, has recently secured a significant amount of funding to further invest in its cloud data centers. After raising $1.1 billion in equity funding, CoreWeave has now raised an additional $7.5 billion in debt financing. The lending round was led by Blackstone’s funds, with participation from Coatue, Carlyle, BlackRock, […]

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