Countries adopting their own AI applications and models will contribute about low double-digit billions to Nvidia's revenue
Investors now await US weekly jobless claims, which have gained prominence
The revenue and gross margin forecast for the current quarter were not far from analysts' expectations
The product is a much-anticipated successor to the company's Hopper line of so-called AI accelerators, which have sent its revenue and stock price soaring
Among individual information technology stocks, LTIMindtree led the charts, soaring 7.76 per cent intraday at Rs 6,198 per share on the NSE
Jensen Huang founded Nvidia, the world's leading AI chipmaker in 1993. Before that, he worked as a dishwasher and waiter at an eatery called Denny's from 1978 to 1983
The stakes are high ahead of Nvidia, especially after an earnings season that showed disappointing results for other "Magnificent Seven" megacaps
A beat or a miss on Wall Street expectations could either stoke or shatter an AI rally on Thursday, a day after Nvidia reports earnings for the May-July period
Nifty IT up 1.77 per cent intraday after US Fed signals rate cut in September. HSBC believes mid-tier IT is not so strong.
Companies are pouring tens of billions of dollars into building out AI infrastructure and services, making the beneficiaries close to a sure thing in terms of their growth prospects
The government has invited bids for the empanelment of entities for providing artificial intelligence services on cloud under the Rs 10,372-crore India AI mission, which was approved by the cabinet in March this year. The empaneled agencies, like data centers and cloud service providers, will have to provide access to high-speed computing AI infrastructure like graphics processing unit (GPUs), accelerators, Tensor Processing Units (TPUs), storage etc to academia, startups, researchers, government bodies among others at the lowest rate that will be discovered through the bidding process. Under the IndiaAI Mission, supercomputing capacity, comprising over 10,000 GPUs, will be made available to various stakeholders for creating an AI ecosystem. "With an objective to empanel service providers for making this possible, IndiaAI - an IBD under Digital India Corporation, MeitY has issued a RFE (request for empanelment)," Meity, Additional Secretary Abhishek Singh said in a social media ...
The chipmaker's shares have surged 17 per cent in the past four sessions, adding nearly $424 billion in market value to one of the biggest companies in the world
US regulators last year put in place rules that stopped Nvidia from selling its advanced chips, including the H100, to Chinese customers, citing national security concern
Vanda Research, a New York-based market research and analysis firm, found that individual investors caught up in market storm remained net buyers of shares of companies like Nvidia, Intel and AMD
The South Korean technology giant's 12-layer version of HBM3E chips, however, has yet to pass Nvidia's tests, the sources said, declining to be identified as the matter remains confidential
According to media reports, Nvidia's Blackwell chips may face delays of 3 months or more due to design flaws, potentially affecting customers such as Meta Platforms, Alphabet's Google and Microsoft
The second High NA tool is coming into our Oregon facility, Gelsinger said on the call, adding that the company's technology investments are 'showing good early indicators'
Shares of the company fell around 3.6% in premarket trading on Friday
Tech firms like Microsoft Corp., Google-parent Alphabet Inc., Amazon.com Inc., Apple Inc. and Meta Platforms Inc. are all investing huge sums to develop their capabilities
To build the AI model that will operate on iPhones and other devices, Apple used 2,048 of the TPUv5p chips. For its server AI model, Apple deployed 8,192 TPUv4 processors