|Day's range||70.64 - 75.17|
Investors will have eyes on Friday's jobs report and what's next in the artificial intelligence led rally in stocks.
Based on the latest round of Form 13F filings with the Securities and Exchange Commission, billionaire investors have been intrigued by the potential of artificial intelligence. All told, billionaire investors bought two ultra-popular AI stocks hand over fist during the quarter, while shying away from another exceptionally popular AI holding. The first artificial intelligence stock that some of Wall Street's billionaire investors can't seem to get enough of is semiconductor company Nvidia (NASDAQ: NVDA).
(Bloomberg) -- In a two-hour presentation in Taiwan, Nvidia Corp. Chief Executive Officer Jensen Huang unveiled a new batch of products and services tied to artificial intelligence, looking to capitalize on a frenzy that has made his company the world’s most valuable chipmaker.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultManchin Gets Mountain V
Bond prices tumbled last year after steep increases in US interest rates. With the Federal Reserve nearing the end of its tightening cycle, institutional and retail investors are heading back into fixed income, as Madison Derbyshire and Harriet Agnew report. T Rowe Price, which oversees more than $1tn in assets, said bonds are finally “exciting again, for the first time in a long time”.
Foxconn Industrial Internet, Innodisk, Pegatron, Quanta, Wistron Building Virtual Factories, Simulating Robotics, Automating Inspections With NVIDIA Omniverse, Isaac Sim and Metropolis Pegatron Industrial Digitalization Taiwan-based electronics manufacturer Pegatron uses NVIDIA AI for simulation, robotics and automated production inspection in its printed circuit board factories. Image credit: Pegatron TAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) -- COMPUTEX -- NVIDIA today announced that elect
Groundbreaking Engine Built on NVIDIA AI and Omniverse Connects Creative 3D and AI Tools From Leading Software Makers to Revolutionize Brand Content, Experiences at Scale Digital car advertisement, created by WPP, via a generative AI content engine Digital advertisement of a car, created by WPP, via a generative AI content engine built on NVIDIA AI and Omniverse. Image credit: WPP TAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) -- COMPUTEX—NVIDIA and WPP today announced they are developing a conte
Arm-Based Superchip and BlueField-3 DPU Power Revolutionary Architecture to Enable Generative AI-Driven Wireless CommunicationsTAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) -- COMPUTEX -- NVIDIA and SoftBank Corp. today announced they are collaborating on a pioneering platform for generative AI and 5G/6G applications that is based on the NVIDIA GH200 Grace Hopper™ Superchip and which SoftBank plans to roll out at new, distributed AI data centers across Japan. Paving the way for the rapid, worldw
WPP, one of the world’s largest advertising groups, has teamed up with chipmaker Nvidia to use generative artificial intelligence in the production of advertising at scale for its clients. The new technology platform, which will be announced by Nvidia boss Jensen Huang in Taiwan on Monday, will allow WPP to use AI to create in minutes campaigns that would have previously taken weeks. The platform combines 3D imaging software that can be used to produce a fully accurate photo realistic image — of a car, for example — which can then be taken into a video or 2D advertising generated by the AI engine.
New NVIDIA Spectrum-X Networking Platform Combines NVIDIA Spectrum-4, BlueField-3 DPUs and Acceleration Software; World-Leading Cloud Service Providers Adopting Platform to Scale Out Generative AI Services NVIDIA Spectrum-X Networking Platform NVIDIA Spectrum-X is an accelerated Ethernet platform for hyperscale generative AI. TAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) -- COMPUTEX -- NVIDIA today announced NVIDIA Spectrum-X™, an accelerated networking platform designed to improve the performan
QCT and Supermicro Among First to Use Server Spec Enabling 100+ System Configurations to Accelerate AI, HPC, Omniverse Workloads NVIDIA MGX NVIDIA MGX provides system makers a modular reference architecture to quickly and cost-effectively build 100+ server variations. TAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) -- COMPUTEX -- To meet the diverse accelerated computing needs of the world’s data centers, NVIDIA today unveiled the NVIDIA MGX™ server specification, which provides system manufacture
New Class of AI Supercomputer Connects 256 Grace Hopper Superchips Into Massive, 1-Exaflop, 144TB GPU for Giant Models Powering Generative AI, Recommender Systems, Data Processing NVIDIA DGX GH200 Supercomputer NVIDIA DGX GH200 is a new class of large-memory AI supercomputer for giant generative AI models. TAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) -- COMPUTEX -- NVIDIA today announced a new class of large-memory AI supercomputer — an NVIDIA DGX™ supercomputer powered by NVIDIA® GH200 Grace H
GH200-Powered Systems Join 400+ System Configurations From Global Systems-Makers Based on NVIDIA Grace, Hopper, Ada Lovelace Architectures NVIDIA GH200 Grace Hopper Superchip NVIDIA GH200 Grace Hopper Superchips for accelerated generative AI are in full production. TAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) -- COMPUTEX -- NVIDIA today announced that the NVIDIA® GH200 Grace Hopper Superchip is in full production, set to power systems coming online worldwide to run complex AI and HPC workloads.
Custom Model Foundry Produces AI Models That Run in Cloud and PC Kairos demo of NVIDIA ACE for Games The NVIDIA Kairos demo used NVIDIA ACE for Games to create Jin, an immersive non-playable character, inside a ramen shop. TAIPEI, Taiwan, May 28, 2023 (GLOBE NEWSWIRE) -- —COMPUTEX—NVIDIA today announced NVIDIA Avatar Cloud Engine (ACE) for Games, a custom AI model foundry service that transforms games by bringing intelligence to non-playable characters (NPCs) through AI-powered natural language
Investing.com -- Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite.
Artificial intelligence has the potential to reshape a huge portion of the global economy. With the AI gold rush underway, the businesses that supply the picks and shovels required to harness the power of this cutting-edge tech stand to profit handsomely. Fellow chipmaker Nvidia (NASDAQ: NVDA) has garnered much of the headlines for its AI prowess.
Nvidia's daring long-term bet on AI is paying off big time. Get the scoop on their transformative journey.
Nvidia's management believes it will be meaningfully higher in the second half of the year than in the first.
Finally, technology giant Apple became the world's first $1 trillion company in 2018. Apple has since been joined by Microsoft, Amazon, and Google parent Alphabet in the $1 trillion club. Nvidia (NASDAQ: NVDA) is the world's leading producer of advanced semiconductors, especially those designed to power new technologies like artificial intelligence (AI).
Nvidia (NASDAQ: NVDA) dazzled the stock market on Wednesday, posting better-than-expected results in its first-quarter earnings report and offering eye-popping guidance for the second quarter. Here, Nvidia did not disappoint. Data center revenue rose 14% from the previous year and 18% from the previous quarter to a record $4.28 billion, and Nvidia's management forecast accelerating demand for AI capabilities.
Nvidia (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing (NYSE: TSM), and General Electric (NYSE: GE) are three well-known stocks that are red-hot but could be still worth buying now. Scott Levine (Nvidia): Falling more than 50% in 2022, Nvidia's stock has roared back in 2023. Since the start of the year, shares of Nvidia have skyrocketed about 160%.
Nvidia's (NASDAQ: NVDA) stock skyrocketed 24% on May 25 after the chipmaker posted its latest earnings report. For the first quarter of fiscal 2024, which ended on April 30, its revenue fell 13% year over year to $7.
For investors trying to determine what stocks could put up market-beating returns in the coming years, Tesla (NASDAQ: TSLA) and Nvidia (NASDAQ: NVDA) should be on your list. While I won't get points for originality for putting Tesla on this list, there are some very good reasons for investors to consider buying Tesla right now. First, Tesla's early moves into the EV market are paying off.
Investors are gripped by a fear of missing out on chip stocks. The Philadelphia Semiconductor Index, an index tracking 30 of the world’s biggest semiconductor manufacturers, surged this week to its highest level in 14 months on the back of Nvidia’s blowout earnings. The gains have sent the index up 38 per cent so far this year, far outstripping the tech-heavy Nasdaq Composite.
Some of these companies would have to blow expectations out of the water to achieve a $1 trillion market cap.