NVIDIA developing more powerful AI chip to sell in China
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A Pivotal Moment for Nvidia As the summer earnings season winds down, Big Tech giants like Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) have delivered robust quarterly results,
Outside of the U.S., China remains one of the most important markets fueling demand for high-performance chipsets, particularly graphics processing units (GPUs). Nvidia CEO Jensen Huang has estimated that the AI opportunity in China alone could be worth as much as $50 billion.
Nvidia stock was down on Tuesday following a report that it is aiming to release a new artificial-intelligence chip for the Chinese market. Nvidia shares were falling 0.9% to $180.40 in early trading.
Why Nvidia’s and AMD’s China deal with Trump could backfire. The companies making the most money from the AI boom are the ones selling the processors, such as Nvidia and AMD.
Is the good news fully priced in? Explore key insights on demand, stockpiling, and margins. Read why NVDA is a Hold.
Nvidia Corp.’s stock is up over 30% this year, but expectations just got even higher. Several investment banks have boosted their price targets on the chip giant ahead of its highly anticipated quarterly report next week.
Xinhua accuses the U.S. of turning chip trade into a "surveillance game" by allegedly embedding location trackers in advanced chip shipments to detect diversions to China. This follows a Reuters report on the U.
We recently published 10 Stocks Jim Cramer Discussed As He Questioned Official Data. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. The latest controversy surrounding NVIDIA Corporation (NASDAQ:NVDA) involves reports claiming that the Chinese government is asking local companies not to rely on the firm’s chips.