SHANGHAI, Dec 17 (Reuters) – MetaX Integrated Circuits surged 700 percent in its Shanghai market debut as the Chinese AI chip maker benefited from a strong boost sparked by Beijing’s efforts to reduce reliance on chips from U.S. firms Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ). Founded by former AMD executives, … Read more
Dec 17 (Reuters) – Alphabet’s Google is working on a new initiative to improve its artificial intelligence chips running PyTorch, the world’s most widely used AI software framework, in a move aimed at weakening Nvidia’s long-standing dominance of the AI computing market, according to people familiar with the matter. The effort is part of Google’s … Read more
pestoverde / Flickr Shares of Nvidia Corp. (NASDAQ: NVDA ) retreated 3.4% in the past week as it announced the acquisition of SchedMD and a partnership with Mistral AI and following the White House’s approval of sales of H200 chips to certain Chinese customers. Meanwhile, insiders continue to sell shares. Nvidia shares are 22.8% higher … Read more
While it doesn’t necessarily look like it on the surface, Nvidia (NVDA) just issued a rare quantitative signal. Over the past 10 weeks, there have been only three instances of up weeks, with the rest being down weeks (defined as a negative return from Monday’s open to Friday’s close). But because the actual loss during … Read more
Nvidia will remain the best AI chip game for the foreseeable future. Microsoft’s cloud and AI businesses are expanding rapidly. Amazon’s cloud, e-commerce and advertising businesses have plenty of room to grow. 10 Stocks We Like More Than Nvidia › The Dow Jones Industrial Averagethe price-weighted index that tracks America’s 30 largest companies, is a … Read more
CoreWeave’s AI-ready cloud platforms have seen unprecedented growth in demand. AMD’s improved ability to compete with Nvidia could cause the stock to rally massively. 10 Stocks We Like More Than CoreWeave › Despite concerns about an artificial intelligence (AI) bubble, investors continue to bid AI stocks higher. Of those stocks, Nvidia remains one of the … Read more
Nvidia Stock (NVDA). has clearly been AI’s biggest gainer on Wall Street, but Morgan Stanley thinks it has a lot more room to run. Analyst Joe Moore just topped his price target from $250 TO $235a massive 38% up from Nvidia’s current price to $181.46. Moore, rated 5 stars on TipRanks, feels the concern about … Read more
Nvidia ( NVDA ) sent a note to Wall Street analysts over the weekend saying it is not engaged in vendor financing, a controversial practice in which vendors invest in or make loans to their own customers. Renowned shortcut sellers Jim Chanos and Michael Burry aren’t so sure. Nvidia wrote a seven-page document — first … Read more
Nvidia has a long growth track as it continues to build its AI infrastructure. Meta Platforms used AI to drive growth. Dutch Bros is one of the best growth stories in the restaurant space. 10 Stocks We Like More Than Nvidia › For more than a decade, growth stocks have been the driving force behind … Read more