U.S. stock futures rose as traders reacted to Nvidia’s impressive quarterly earnings report, with revenue climbing 262% and CEO Jensen Huang hinting at further growth with the launch of new AI chips. Meanwhile, OpenAI signed a content sharing deal with News Corp, gaining access to publications such as The Wall Street Journal and The Times. … Read more
Nvidia’s stock saw a 5% increase after the company released its first-quarter earnings results. The company outperformed expectations, attributing this success to the strength of its GPU business. Nvidia also announced a dividend increase and a 10-for-1 stock split. Following the earnings release, Nvidia’s shares reached record levels in after-hours trading, climbing to around $993 … Read more
Intel has announced the upcoming Lunar Lake CPUs, set to launch in Q3 2024, which will offer superior AI performance compared to its competitors. These chips are said to have 1.4 times the AI capabilities of Qualcomm’s Snapdragon French fries. Not only that, but Intel is also promising significant improvements in battery life and power … Read more