Nvidia (NVDA) reported fourth-quarter results that topped Street estimates on both the top and bottom lines. The chip giant reported adjusted earnings per share of $5.16 compared to estimates of $4.60. Revenue was $22.10 billion compared to estimates $20.41 billion. Data center revenue was $18.4 billion, topping the expected $17.21 billion. In the release, founder … Read more
NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023. Edgar Su | Reuters Nvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of how long the AI boom can last. Here’s what Wall Street is … Read more
Nintendo Switch sequel speculation has hit a fever pitch despite just how little information there is about the long-expected update to Nintendo’s most popular console ever created. However, in recent months, the ocean of disconnected rumors has started to coagulate into something that could be considered more than a rumor. While there’s been a bevy … Read more
Photo: Tayfun Coskun/Anadolu (Getty Images), Suzanne Cordeiro (Getty Images), Siegfried Layda (Getty Images), David Paul Morris/Bloomberg (Getty Images), Vladimir Vladimirov (Getty Images), Justin Sullivan / Staff (Getty Images), Mike Coppola (Getty Images), Image: OpenAI The world seemingly, at the same time, held its breath with the reveal of OpenAI’s video generator, Sora, It’s as if … Read more
Nvidia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Investors have become so enamored with Nvidia’s artificial intelligence story that they want a piece of anything the chipmaker touches. On Wednesday, Nvidia disclosed in … Read more
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Nvidia surpassed Alphabet in market capitalization on Wednesday, only a day after it overtook Amazon. Bloomberg is reporting that the chip maker’s stock is now worth $1.83 trillion, beating the Google owner’s $1.82 market cap by a hair. This makes Nvidia the world’s fourth most valuable company in the wake of the AI boom, after … Read more
Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market. He finds clients, including many who traded through the dot-com boom and subsequent collapse, are more worried about being underinvested than overexposed right now. “That’s the first time that’s happened since 2021 for us,” the firm’s senior … Read more
The logo of semiconductor design firm Arm on a chip. Jakub Porzycki | Nurphoto | Getty Images Exactly two years ago, Nvidia’s attempt to purchase chip designer Arm from SoftBank came to an end due to “significant regulatory challenges.” Masayoshi Son, SoftBank’s billionaire founder, has never been so lucky. That agreement would have involved selling … Read more
OpenAI is reportedly developing “agent software,” that will effectively take over your device and complete complex tasks on your behalf, according to The Information. OpenAI’s agent would work between multiple apps on your computer, performing clicks, cursor movements, and text typing. It’s really a new type of operating system, and it could change the way … Read more
Photo: Klaus-Dietmar Gabbert (Getty Images) A new report from CNBC shows that lobbyists connected to the AI industry were quite busy last year. Indeed, in 2023, AI lobbying efforts shot up 185 percent from the previous year. The analysis, which is based on disclosures provided to the non-profit OpenSecrets, shows that the long list of … Read more