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Nvidia CEO Jensen Huang stops by Paris to tout new stakes in French AI-enabled tech firms like medical booking site Doctolib. Also in this edition: OpenAI says it caught a spy red-handed, and China's trade surplus continues to boom despite soaring energy costs and trade conflicts.
One industry researcher identified over 300 neoclouds that can provide GPU capacity, up about 55% in less than a year.
Bears continued to build up positions against the semiconductor group on Friday.
Firmus said it had made the decision due to "recent market volatility and prevailing market conditions".
Nvidia-backed Australian AI data center operator Firmus has withdrawn its planned IPO amid market volatility.
OpenAI has told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed.
SpaceX shows that companies are making a return on their AI compute investments, according to Jim Cramer.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
The new device shows Microsoft remains committed to making its own PCs even though it's not one of the top device makers.
Since SpaceX's record-breaking IPO in June, rates have sold off, and yields on its bonds have risen, along with other AI-related bonds.
After photovoltaic panels and automobiles, European telecommunications could sink into the crisis. Because of what, or rather, who? Competition from American tech giants. They are no longer called "Gafam" but "Mangos" for Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX. "Mangos" could turn Deutsch Telekom, Orange, Vodafone or Telefónica into vulgar providers.
CNBC’s Jim Cramer said Nvidia, Microsoft and Meta are helping push stocks to records even as surging Treasury yields pressure much of the broader market.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
The case alleges that the licensing deal "squeezed out" stockholders by giving them a "lowball price."
Nvidia will likely cross the $6 trillion threshold by the end of this month, according to options traders.
Here's a closer look at the three developments that drove the action in our portfolio last week.
Cerebras shares hit an all-time low due to pressure from chip giant Nvidia, plus a post-lockup selloff.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Nvidia is looking to spend hundreds of billions of dollars buying its stock at a time when it's historically cheap based on earnings expectations.
