Page 16 - Nvidia

Foxconn beats estimates with record Q4 revenue driven by AI demand

Robust AI server demand led to strong revenue growth for its cloud and networking products division, said Foxconn, whose customers include AI chip firm Nvidia

Nvidia's market value gets $2 trillion boost in 2024 on AI rally

The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024

Nvidia corp completes acquisition of Israeli software startup Run:ai

The software - which currently works on only Nvidia-based systems - will be open-sourced, meaning that others will be able to take code & use it to tune computers that use hardware from Nvidia's rival

Nvidia supplier Ibiden weighs faster expansion to meet AI demand, says CEO

Sales of the 112-year-old company's AI-use substrates are robust with customers buying up all that Ibiden has, CEO Koji Kawashima said

Taiwan's science ministry warns chip, AI funding cuts could impact tech

Taiwan's Ministry of Science and Technology estimate comes after the Ministry of Economic Affairs on Tuesday warned that the country's collaboration with tech companies, such as Micron , AMD, Nvidia

US' commerce dept asks Nvidia to probe how chips ended up in China

The chip giant has asked big distributors such as Super Micro Computer and Dell Technologies to conduct spot checks of their customers in Southeast Asia, the report said

Nvidia CEO Jensen Huang sees $76 bn wealth surge, trails Musk, Zuckerberg

Nvidia CEO Jensen Huang gained $76 bn in 2024, driven by Nvidia's AI dominance. With a $115 bn net worth, he ranks third in wealth growth, trailing Musk and Zuckerberg

Nvidia steps up hiring in China to focus on research in AI-driven cars

The world's second most valuable company will end the year with about 4,000 people, up from just about 3,000 at the start of 2024

US Supreme Court tosses case involving securities fraud suit against Nvidia

At issue was whether the plaintiffs cleared the heightened legal bar for bringing private securities fraud suits set under a 1995 federal law called the Private Securities Litigation Reform Act that

China targets Nvidia with antitrust probe, escalating US chip tensions

The investigation comes after the US last week launched its third crackdown in three years on China's semiconductor industry

EU probes Nvidia over potential bundling practices in AI chip market

The company has seen high demand from customers involved in generative AI and accelerated computing for its chips

Nvidia, Vietnam govt sign pact to jointly build AI research, data centres

Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn't provide the value of the deal

Nvidia showcases AI model that can modify voices, generate novel sounds

It joins other technologies shown by startups such as Runway and larger players such as Meta Platforms that can generate audio or video from a text prompt

Age of AI is here as it is 'most important' for all times: Nvidia CEO Huang

The greatest challenges of our time, unimaginable challenges to overcome in the past, all of a sudden seem possible to tackle, Nvidia CEO added

US Supreme Court allows multibillion-dollar class action against Meta

The Supreme Court is allowing a multibillion-dollar class action investors' lawsuit to proceed against Facebook parent Meta, stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. The justices heard arguments in November in Meta's bid to shut down the lawsuit. On Friday, they decided that they were wrong to take up the case in the first place. The high court dismissed the company's appeal, leaving in place an appellate ruling allowing the case to go forward. Investors allege that Meta did not fully disclose the risks that Facebook users' personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump's first successful Republican presidential campaign in 2016. Inadequacy of the disclosures led to two significant price drops in the price of the company's shares in 2018, after the public learned about the extent of the privacy scandal, the investors say. Meta already has paid a USD 5.1 billion fine and reached

Asian stocks rise as Nvidia earnings and bitcoin surge drive gains

Asian stock rose on Friday following Wall Street gain after market superstar Nvidia and another round of companies said they're making even fatter profits than expected. US futures fell. Geopolitical tensions pushed oil prices higher. On Thursday, President Vladimir Putin announced that Russia had fired a new intermediate-range ballistic missile at Ukraine in response to Kyiv's use this week of American and British missiles capable of reaching deeper into Russia. Japan's benchmark Nikkei 225 added 1% to 38,415.32 after the nation's inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The readings will be one of the key topics at the Bank of Japan's policy meeting in December, where some investors anticipate an increase in the short-term policy rate to 0.5% from 0.25%. Australia's S&P/ASX 200 rose 1% to 8,407.50. South Korea's Kospi was up 1.2% at 2,509.06. Hong Kong's Hang Seng shed less than 0.1% to 19,594.52, while the ..

Market Today: F&O rules, Adani Group stocks, NTPC Green IPO, Zinka listing

Investors will closely watch the implementation of new F&O rules, the NTPC Green Energy IPO, coupled with the Maharashtra Assembly election developments and Nifty50 expiry

Nvidia's Blackwell chip remains on track after forecast disappoints: CEO

Nvidia predicted fiscal fourth-quarter sales of about $37.5 billion. Though the average analyst estimate was $37.1 billion, projections ranged as high as $41 billion

Asian shares cautious ahead of Nvidia result, dollar gives back gains

Nasdaq futures rose 0.2 per cent on Wednesday on top of a 1 per cent jump overnight, MSCI's broadest index of Asia-Pacific shares outside Japan was flat and Tokyo's Nikkei slipped 0.3 per cent

Nvidia partners with Google to design quantum computing processors

Nvidia, the world's most valuable company, believes its technology will help Google sort out one thorny issue