Nvidia’s stock fell on Monday despite receiving positive feedback from Wall Street analysts. The chipmaker, which briefly held the title of the most valuable company in the world last week, has now been surpassed by Microsoft and Apple in terms of market value. Despite this, Nvidia’s shares have seen a significant increase of 156% year … Read more
NVIDIA’s stock has surged by 156% in 2024, with CEO Jensen Huang selling shares worth $94.6 million. He sold 720,000 shares, leaving him with 80.7 million shares. This follows a trend among chip CEOs, with Micron Technology’s CEO also selling shares. Qualcomm’s CEO sold 40,500 shares, and Coherent’s CEO intends to retire after selling 15,000 … Read more
The owner of TikTok, ByteDance, is collaborating with California-based Broadcom to develop its own five-nanometer artificial intelligence processor. This partnership aims to ensure a stable chip supply for the social media giant amidst escalating tensions between the US and China. The move comes as ByteDance, like other tech companies, is ramping up its AI capabilities … Read more
Nvidia, a leading chipmaker, has recently seen its shares fall in value. Despite this, Wall Street continues to show support for the company. The reason behind this unwavering support lies in Nvidia’s strong position in the market and its potential for future growth. Nvidia is known for producing high-quality chips that are in high demand … Read more
ByteDance, the Chinese company behind TikTok, is collaborating with American chip designer Broadcom to develop a cutting-edge AI processor, as reported by Reuters. This partnership aims to ensure a stable supply of high-end chips for ByteDance amid escalating tensions between the US and China. The advanced processor, a five-nanometer chip, is designed to comply with … Read more
Microsoft and Nvidia had been embroiled in a months-long dispute over AI chip design, with tensions rising due to Nvidia’s control over chip allocation and installation. Nvidia CEO Jensen Huang’s tight control over how chips are allocated to prevent stockpiling during supply shortages led to a clash with Microsoft, a major customer. The disagreement escalated … Read more
Broadcom and ByteDance are reportedly in discussions to develop a cutting-edge artificial intelligence chip using a 5-nanometer process design. This collaboration aims to provide ByteDance with a cost-effective supply of AI chips for its various applications, including TikTok and Douyin. The chip will be manufactured by TSMC, a Taiwanese chipmaker, and is currently in the … Read more
NVIDIA has seen its stock rise by 156% in 2024, leading founder and CEO Jensen Huang to sell shares through a trading plan, making him the top seller among chip CEOs. Other companies such as Micron Technology and Qualcomm have also witnessed their executives selling shares to fortify themselves. Huang recently sold 720,000 Nvidia shares … Read more
Chinese company ByteDance, which owns TikTok, is partnering with American company Broadcom on an advanced AI chip to secure a stable supply of high-end chips and reduce costs amid trade tensions. The 5-nanometer chip, which will comply with US export restrictions, will be manufactured by Taiwan Semiconductor (TSMC). Production is expected to start once the … Read more
ByteDance, the parent company of TikTok, is reportedly collaborating with American chip designer Broadcom to develop a custom 5-nanometer application-specific integrated chip (ASIC) to ensure a stable supply of high-end chips amidst tensions between the United States and China. This collaboration, aimed at complying with US export restrictions, would see the manufacturing of the chip … Read more