Huawei is set to launch its Ascend 910C AI chip, designed to rival Nvidia’s restricted H100, with initial orders expected to top $2 billion.
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Tech giants in the US lost approximately $1 trillion in market value this week due to recession fears and disappointing economic data, with sharp declines in Nvidia, Apple, and Amazon.
The Blackwell B200 AI chips will now take at least three more months to produce.
Groq was originally looking to raise $300 million at a slightly lower valuation.
The U.S. Department of Justice has launched an antitrust investigation into Nvidia for allegedly misusing its dominant position in the AI chip market to unfairly disadvantage competitors, following a push from competitors, groups, and even the Senate.
Nvidia faces calls from U.S. progressive groups and Senator Elizabeth Warren for a DOJ investigation into its potential anticompetitive practices amid its dominant position in the AI chip market.
Nvidia is developing a modified version of its new flagship AI chip, the "B20," specifically for the Chinese market to bypass U.S. export restrictions.
Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.
Analyst Pierre Ferragu downgraded Nvidia's rating to neutral, citing concerns over future growth and valuation. Nvidia stock has struggled to return to its glory in the past few days.
Nvidia's stock rebounded by 2.2% after three days of declines, impacting the Nasdaq composite and investor concerns about the sustainability of AI stock valuations.
Microsoft has again taken the title of the world's most valuable company from Nvidia.
Nvidia officially surpassed Microsoft Tuesday (June 18) as the world’s most valuable company after its stock price is valued at $135 per share.
Nvidia and CEO Jensen Huang received boycott warnings in China after Huang referred to Taiwan as a necessary "country" in the electronics industry.
The US Justice Department and the Federal Trade Commission reached an agreement that allowed them to proceed with antitrust inquiries into the significant roles Microsoft, Nvidia, and OpenAI have been doing in the development of artificial intelligence.
Nvidia is now the world's second-most valuable company, beating Apple.
