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Nvidia Shares Hit After Reports Of Meta In Talks To Buy Google AI Chips

Nvidia Shares Hit After Reports Of Meta In Talks To Buy Google AI Chips

AI chip major Nvidia Corp.'s shares were losing around 3.4% in pre-market activity on the Nasdaq following a report that Meta Platforms Inc., which mainly uses Nvidia graphic processing units or GPUs for its AI needs, is in talks with Google for using its custom AI chips for data centers. On the other hand, shares of Google's owner Alphabet Inc. were gaining around 2.7 percent.
RTTNews | 29 дней спустя
NVIDIA Stock Gains On Q1 Results; Sees $8 Bln China Impact

NVIDIA Stock Gains On Q1 Results; Sees $8 Bln China Impact

Shares of Nvidia Corp. gained around 5 percent in the extended trading on Wednesday and is currently up around 6 percent in the pre-market activity on the Nasdaq, after the artificial intelligence chipmaker reported significantly higher earnings in its first quarter, despite an expected $4.5 billion charge associated with H20 AI chip export barring to China. Revenues were 69 percent higher...
RTTNews | 209 дней спустя
Nvidia Sees $5.5 Bln Charge As US Restricts Chip Sales To China; Shares Down

Nvidia Sees $5.5 Bln Charge As US Restricts Chip Sales To China; Shares Down

Shares of Nvidia Corp. were losing around 6 percent in early morning trade on Wednesday on the Nasdaq, after the artificial intelligence chipmaker said that it would take $5.5 billion in charges after the U.S. government barred exports of its H20 AI chip to China, a key market.
RTTNews | 252 дней спустя
NVIDIA Unveils Generative AI Products; Teams Up With Uber, Toyota

NVIDIA Unveils Generative AI Products; Teams Up With Uber, Toyota

AI chipmaker Nvidia Corp. announced major product advancements in the field of generative artificial intelligence, amid significant growth of AI worldwide. The tech major also revealed partnerships with major corporates, including Uber Technologies, Inc., Toyota Motor Corp. and Accenture, at the Consumer Electronics Show or CES 2025 in Las Vegas.
RTTNews | 351 дней спустя
Nvidia Stock Down On Weak Q4 Margin View, Despite Upbeat Q3

Nvidia Stock Down On Weak Q4 Margin View, Despite Upbeat Q3

Shares of Nvidia Corp. dropped around 3 percent in the extended trading on Wednesday after the AI chipmaker warned on weak gross margin in its fourth quarter, while revenues are projected to be significantly higher than last year on booming AI demand. In its third quarter, the world's most valuable company by market capitalization reported a surge in profit, above the Street view.
RTTNews | 399 дней спустя
Nvidia's New Blackwell AI Chip Servers Reportedly Overheat

Nvidia's New Blackwell AI Chip Servers Reportedly Overheat

Nvidia Corp.'s new Blackwell AI chips are facing overheating issues that could delay new data centres, The Information reported citing customers, suppliers and employees working on the issue. In pre-market activity on the Nasdaq, the shares were losing around 2.5 percent. The news comes as the world's most valuable company by market capitalization is set to release its third-quarter earnings...
RTTNews | 401 дней спустя
Nvidia Stock Down On Reports Of DOJ Subpoenas

Nvidia Stock Down On Reports Of DOJ Subpoenas

Nvidia Corp. shares were losing nearly 3% in the pre-market trading on the Nasdaq, continuing the 10 percent drop on Tuesday's regular trading as well as around 2.4% in the extended trading, following reports of the artificial intelligence or AI chipmaker receiving subpoenas from the U.S. Department of Justice as part of an antitrust probe.
RTTNews | 477 дней спустя
NVIDIA Stock Down Despite Strong Q2 Results, $50 Bln Buyback

NVIDIA Stock Down Despite Strong Q2 Results, $50 Bln Buyback

Shares of Nvidia Corp. were losing nearly 5 percent in the pre-market activity on the Nasdaq after the artificial intelligence or AI chipmaker issued sequentially lower third-quarter margin view, and maintained its fiscal 2025 margin forecast. This was despite reporting significantly higher profit in its second quarter with more-than doubled revenues, and also announcing a hefty $50 billion share
RTTNews | 482 дней спустя
Nvidia Overtakes Microsoft As World's Most Valuable Company

Nvidia Overtakes Microsoft As World's Most Valuable Company

Chipmaker Nvidia Corp. has become the world's most valuable company, overtaking tech major Microsoft Corp., on the strength of surging demand for artificial intelligence or AI chips worldwide. The company now has a market cap of $3.335 trillion, compared to Microsoft's $3.317 trillion.
RTTNews | 553 дней спустя
Nvidia Hits $3 Trln Market Cap, Overtakes Apple

Nvidia Hits $3 Trln Market Cap, Overtakes Apple

Nvidia Corp. has breached the $3 trillion mark in valuation, becoming the second most valuable company in the U.S. Market overtaking tech giant Apple Inc on Wednesday. The artificial intelligence or AI chipmaker is gaining on the surging demand for AI chips worldwide.
RTTNews | 566 дней спустя