nvidia corp

Indian markets shrugged off rising oil prices due to US-Iran tensions, as tech giants like Nvidia propelled stocks near record highs. Strong corporate earnings, particularly from Science Applications International Corp., also bolstered investor confidence. Despite concerns about market concentration, the tech surge continues to drive Wall Street's optimism.

US prosecutors suspect Bangkok-based OBON Corp.—a company central to Thailand's national AI strategy—of acting as the middleman in a $2.5 billion scheme to smuggle Nvidia-equipped Supermicro servers into China, with Alibaba among the alleged end customers. Bloomberg identified OBON as the unnamed "Company-1" in a March federal indictment that charged Supermicro co-founder Wally Liaw with violating US export control law. OBON and Alibaba have not been charged.

BlackRock CEO Larry Fink refutes AI bubble concerns, citing a significant shortage in computing capacity, chips, and memory. He predicts a future where financial markets will trade futures of compute, highlighting the growing demand for AI infrastructure. BlackRock is actively investing in data centers and energy assets to meet this demand.

While the US and Israel engaged in conflict with Iran, China quietly leveraged the situation to expand its influence. By positioning itself as a diplomatic alternative and stabilizing energy supplies, Beijing benefited from a weakened American strategic position and growing uncertainty about US reliability among allies.

OpenAI has halted its ambitious Stargate AI project in the United Kingdom. High energy prices and regulatory uncertainties are cited as reasons for the pause. The company sees potential in the UK's AI future but needs favorable conditions for investment. This decision impacts Prime Minister Keir Starmer's plans to boost AI development in Britain.

Iran's Revolutionary Guard has issued a chilling video threat to bomb the massive Stargate AI data center in Abu Dhabi, a $30 billion project backed by US tech giants like Nvidia and OpenAI. This move signals a potential shift towards targeting high-value Western tech assets in the Gulf amidst escalating regional tensions, highlighting the growing vulnerability of digital infrastructure.

Elon Musk has dismissed a Bloomberg report suggesting SpaceX is targeting a valuation exceeding $2 trillion for its potential IPO. The article notes SpaceX's confidential IPO filing with the SEC, with a potential June listing. This move would position SpaceX among the largest public offerings in history, despite Musk's denial of the reported valuation.

Iran's Revolutionary Guard claimed an attack on an Oracle data center in Dubai. Dubai's government has strongly denied this, calling it fake news. This follows a similar claim by the IRGC targeting an Amazon cloud center in Bahrain. The IRGC had previously warned US tech firms in the Middle East about potential attacks.

nvidia corp Chief Executive Jensen Huang is expected on Tuesday to disclose new artificial intelligence chips and technologies at the company's annual conference for software developers.

Intel has responded to threats from Iran's Islamic Revolutionary Guard Corps (IRGC) against 18 US firms operating in the Middle East. The IRGC declared these companies legitimate targets following US and Israeli strikes on Iranian soil. Intel stated it is prioritizing the safety of its employees and facilities in the region.

Nvidia's shares rose about 25% last week sparking a rally in AI-related stocks and boosted other chipmakers, helping the Philadelphia SE Semiconductor index close on Friday at its highest in over a year.

nvidia corp became the first chipmaker to join the trillion-dollar club after breaching the $1tn market capitalisation mark. The gaming and AI chip company’s shares rose by 4.2% to cement the landmark.

In 1999, Nvidia made its debut on the Nasdaq stock exchange, eventually replacing Enron in the S&P 500. Since then, Nvidia has become the best performing stock of the last quarter-century with a total return of 591,078%. It took less than three years for Nvidia Corp. to ascend into the S&P 500 — replacing the disgraced oil-trading conglomerate Enron, no less.

Talking about India, Microsoft chairman said that the country has seen a “massive growth market” after emerging from the pandemic. “Microsoft’s presence in India was mostly multinational companies operating in India. But for now, it’s completely changed,” he said. Microsoft CEO is set to visit India in January next year. This will be Nadella’s first trip to India post the pandemic.

Nvidia's latest quarterly report met or exceeded analyst expectations but failed to impress investors. Challenges in producing the new Blackwell chips led to a significant stock decline. Despite these hurdles, the company anticipates substantial revenue from Blackwell in the fourth quarter and continues to see high demand for its existing products.