Nvidia CEO Jensen Huang was seen at the Nvidia GTC Artificial Intelligence Conference at the SAP Center in San Jose, California, clad in a black leather jacket and holding two motherboards. Months after the release of the highly sought-after superchip, one of the company’s major customers, Amazon Web Services, has changed its order to the … Read more
The stock market is currently experiencing a wave of enthusiasm for artificial intelligence. Nvidia’s recent earnings call marked a year since the chipmaker surprised Wall Street with its demand for AI chips. Mentions of AI in earnings calls have increased by 186% since the first quarter of 2023, according to Bank of America Research. The … Read more
Nvidia’s most advanced “superchip” has been put on hold by Amazon’s cloud computing division while awaiting a new, more powerful model. The company’s shares fell slightly in early trading as investors worried about a potential drop in demand between product cycles. The new generation of processors, called Blackwell, is expected to be twice as powerful … Read more
Nvidia stock is poised for potential growth due to three key factors. The graphic chip giant is well-positioned to experience a surge in its stock value. This positive outlook is influenced by various reasons such as strong demand for its products, robust financial performance, and technological advancements in the industry. Firstly, Nvidia is likely to … Read more
Amazon.com’s cloud services unit has reportedly put a halt on ordering Nvidia’s most advanced “superchip” as they await a more powerful model. The new model, known as Blackwell, is anticipated to be released later this year according to Nvidia. Amazon Web Services, the largest cloud services company in the world, has already transitioned its previous … Read more
Amazon Web Services has stopped ordering Nvidia’s latest “superchip” as they await a more powerful model, according to a report by the Financial Times. This pause in orders from the cloud services unit of Amazon.com signals a shift towards a more advanced chipset from Nvidia. Article Source https://www.reuters.com/technology/amazons-cloud-unit-pauses-orders-nvidias-most-powerful-chip-ft-reports-2024-05-21/
Nvidia is set to release its quarterly earnings report this Wednesday, with high expectations from the market. Revenue is projected to reach $24.6 billion, up from $22.1 billion in the previous quarter, and net income is expected to be $13.9 billion, compared to $12.8 billion last quarter. Despite Nvidia’s consistent strong performance, there are signs … Read more
NVIDIA’s stock fell 1% after Amazon Web Services announced it would pause purchases of Nvidia’s GPU Hopper in anticipation of the upcoming release of the Blackwell GPU. Amazon explained that the decision to halt purchases was logical due to the short timeframe between the release of the Grace Hopper and Grace Blackwell GPUs. Nvidia is … Read more
Nvidia Corp’s rivals and top clients are joining forces with OpenAI to create software that enables the transition from Nvidia chips to artificial intelligence development. Despite Nvidia’s dominance in the market, competitors like Intel Corp, Advanced Microdevices Inc, and Qualcomm Inc are focusing on Nvidia’s software platform, Cuda, to attract customers, as reported by the … Read more
Amazon.com’s cloud services unit has put a halt on orders for Nvidia’s most advanced “superchip” as they await the release of a newer and more powerful model. The Financial Times reported that Amazon Web Services, the largest cloud services company in the world, has shifted its focus from Nvidia’s Grace Hopper chip to the upcoming … Read more