NVIDIA Financial News

Nvidia’s 10-for-1 stock split is in effect, giving investors nine additional shares for every one that they already own

Divya Varma A Vienna-based privacy campaign group filed complaints in 11 European countries against Meta, saying the global tech giant’s planned privacy policy change would allow “unlawful” use of personal data for artificial intelligence technology.

Nvidia Corp.’s Jensen Huang has steadily climbed the ranks of the world’s wealthiest as the market value of his computer-chip maker touches $3 trillion. Huang hit another milestone on Friday, passing personal computer pioneer Michael Dell to become the world’s 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has surged more than $62 billion this year as demand for Nvidia chips used to power artificial intelligence tasks remains insatiable.

U.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom, according to people familiar with the pending actions

The US tech giant's share price has climbed 5.16% on Wednesday. Meanwhile, its share price reached $1,255 after markets opened in the US, according to data from MarketWatch, and has since dropped to around $1,210. The latest rise follows its year-to-date increase of 148.64%, according to NASDAQ. Deep Dive: Investors urged to look beyond 'pure' AI plays as bubble concerns linger Nvidia's CEO Jensen Huang said the company's data centre chips will trigger a new «industrial revolution», and as technology companies such as Meta, Microsoft and Alphabet continue to invest billions of...

Nvidia threatens to dethrone Microsoft as the world's most valuable company, at least a few investors are betting its soaring shares will return to earth.

Bloomberg.ALSO READ: After $2 trillion gain, Nvidia is still irresistible to many“With a total market capitalisation of about $9.2 trillion, the three most valuable tech firms have overtaken all of the nearly $9 trillion worth of stocks actively traded on Chinese exchanges excluding Hong Kong," said Bloomberg, citing data.Investors are bullish on Microsoft, Apple and Nvidia due to their powerful competitive positions, fat profit margins and strong balance sheets.Chipmaker Nvidia, the world’s second most valued company, saw its market capitalisation touching $3 trillion this week.Nvidia stock rose 5.2 per cent to end at $1,224.40 on Wednesday, valuing the company at $3.012 trillion.It advanced almost 2 per cent in New York premarket trading on Thursday after it became the first computer chip company to surpass $3 trillion in value.ALSO READ: Federal regulators grant antitrust probe into Microsoft, OpenAI and NvidiaThe chipmaker is preparing to split its stock 10-for-one, from June 7, a move that could increase its appeal to individual investors.So far in 2024, Nvidia’s stock has surged 147 per cent.In a race to dominate the AI market, Microsoft recently said that it is infusing AI features into its products and services.Earlier this week, Microsoft-backed OpenAI had said it would release a new AI model called GPT-4o which will be capable of realistic voice conversation and able to interact across text and image.The Redmond-based IT major is the world's most valuable company, ahead of Nvidia and Apple, with $3.15 trillion in market capitalisation.

New York Times report.The Justice Department and the Federal Trade Commission (FTC) finalized the deal over the past week, with completion expected in the coming days. According to two sources familiar with the matter, who requested anonymity due to the confidential nature of the discussions, the Justice Department will lead the investigation into Nvidia, the top maker of AI chips.

Sensex surged 2,303.19 points, or 3.20%, to close at 74,382.24, while the Nifty 50 settled 735.85 points, or 3.36%, higher at 22,620.35.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 6“We expect the market to remain obsessed with government formation exercises, with a keen eye on key cabinet portfolios such as Finance, Defense, Roads, Energy, Commerce, and Railways. With election overhang done, we expect the focus to revert to fundamentals," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key domestic and global market cues for Sensex today:Asian markets traded higher tracking overnight rally on Wall Street amid increased interest rate cut hopes.Japan’s Nikkei 225 surged 1.12%, while the Topix rose 0.65%.

Sensex surged 2,303.19 points, or 3.20%, to close at 74,382.24, while the Nifty 50 settled 735.85 points, or 3.36%, higher at 22,620.35.Nifty 50 formed a long bull candle on the daily chart with lower shadow on Wednesday, beside the long bear candle of Tuesday.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Private Payrolls to Nvidia shares“Technically, this pattern indicates bullish inside day type pattern formation. This market action signals a counter attack of bulls after one day of weakness in the market.

semiconductor company, has now become the first computer-chip firm to hit a $3 trillion market capitalisation, as per a Bloomberg report. The Santa Clara, California-based company's shares have surged roughly 147 per cent this year, adding about $1.8 trillion due to the increasing demand for its chips that power artificial intelligence (AI) tasks.

Wall Street barreled to all-time highs as its frenzy around artificial-intelligence technology keeps sending stocks higher

Wall Street barreled to all-time highs as its frenzy around artificial-intelligence technology keeps sending stocks higher

Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500

ALSO READ: AI Tracker: Intel, AMD try to catch Nvidia in AI chip race“It’s like trying to catch a marathon runner that’s running at full speed," said Adam Gold, founder and chief investment officer at Katam Hill LLC. “They’ve been in the race for a long time.

Nvidia rallied to record highs on Wednesday, with the AI chipmaker's stock market valuation hitting the $3 trillion mark and overtaking Apple to become the world's second most valuable company.

Hewlett Packard Enterprise rose more than 12% on Wednesday after the company forecast third-quarter revenue above Wall Street estimates, helped by growing demand for its AI-optimized servers. Server makers are benefiting from robust demand for AI systems provided by companies including HPE, which support power-hungry data centers amid growing investments in generative AI technology.

ALSO READ: HPE's Communications Technology Group to transition to HCLTech in strategic dealAt 11:50 am EDT, the HPE shares were at $19.70, up 11.96 per cent.The company forecast third quarter revenue of $7.4 billion to $7.8 billion.HPE also raised its forecast for full year adjusted earnings per share to a range of $1.85 to $1.95, from a prior forecast of $1.82 to $1.92 per share.The company reported revenue of $7.20 billion for the second quarter ended April 30.In the reported quarter, HPE’s server revenue surged 18 per cent from a year earlier, to $3.9 billion.Its AI-server revenue more than doubled sequentially to $900 million, and order backlog stood at $3.1 billion.“AI systems revenue more than doubled from the prior quarter, driven by our strong order book and better conversion from our supply chain," said Hewlett Packard Enterprise chief executive officer Antonio Neri.

Intel launched its next generation Xeon server processors on Tuesday, as it looks to claw back data center market share and revealed that its Gaudi 3 artificial intelligence accelerator chips would be priced much lower than its rivals' chips.

After Chief Executive Jensen Huang predicted a ‘robotic’ future, on Sunday he said that the company’s next-generation artificial intelligence (AI) chip platform is all set to be rolled out in 2026.