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Nvidia Q3 Revenue Soars 95% to $35.1 Billion, Exceeding Expectations
Nvidia Corporation announced on Wednesday a significant 95% increase in revenue for the third quarter of 2024, reaching $35.1 billion and surpassing previous predictions. Read more
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Nvidia Joins Dow
As reported by CNBC and Bloomberg, Nvidia, the AI chipmaker at the forefront of the artificial intelligence boom, is set to replace Intel in the Dow Jones Industrial Average, marking a significant shift in the semiconductor industry landscape. Read more
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Nvidia’s Acquisition Spree
Nvidia, the leading AI chip manufacturer, has embarked on an aggressive acquisition spree in 2024, snapping up several AI and cloud computing startups to bolster its dominance in the rapidly evolving artificial intelligence landscape. As reported by CRN and other sources, these strategic purchases, including Run:ai, Deci, and Shoreline.io, aim to enhance Nvidia’s software capabilities… Read more
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Nvidia’s $3 Trillion Market Cap
Nvidia, the pioneering AI chip manufacturer, has made history by surpassing a $3 trillion market capitalization, becoming the third U.S. company to achieve this milestone. This remarkable feat underscores Nvidia’s pivotal role in the burgeoning artificial intelligence sector and its ability to capitalize on the increasing demand for AI technology across various industries. Read more
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Nvidia Announces Rubin AI Platform
Nvidia has unveiled its next-generation AI chip platform, named “Rubin,” set to be rolled out in 2026. The announcement, made by CEO Jensen Huang at the Computex trade show in Taipei, highlights Nvidia’s commitment to advancing AI technology and maintaining its dominance in the AI chip market. Read more
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Musk Builds AI Compute Gigafactory
Elon Musk’s AI startup, xAI, is embarking on an ambitious project to construct a massive supercomputer, dubbed the “Gigafactory of Compute,” to power the next generation of its conversational AI, Grok. This endeavor aims to significantly enhance Grok’s capabilities by leveraging an unprecedented assembly of 100,000 specialized semiconductors, positioning xAI at the forefront of the… Read more
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Nvidia stock tops $1,000 a share
Nvidia’s stock surged past $1,000 per share in after-hours trading on Wednesday after the company reported impressive first-quarter results that topped Wall Street estimates and announced a ten-for-one forward stock split. Read more
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The focus is on Nvidia’s earnings report
Last week, investors breathed a sigh of relief when the U.S. government reported that April’s inflation was not as bad as feared. However, with stocks reaching record highs, there is likely some anxiety among investors as they await what is considered the most crucial earnings report of the first quarter—Nvidia’s. Read more
