nvidia
The semiconductor race continues to heat up with more players trying to overtake each other, in an effort to harness the full capabilities of artificial intelligence. Intel has recently launched its Gaudi 3 AI chip, in what seems to be the company's answer to Nvidia's H100 graphic processing unit (GPU), as more tech companies aim to manufacture chips which can use big AI technology. The Gaudi 3 chip is essentially an accelerator chip, and is mainly designed to assist AI systems training, especially by sorting through mounds of data. Another key function of the chip is expected to be helping to...
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Tech giant Samsung Electronics’ shares jumped 5.16% on Thursday to €1,325, following reports that Nvidia was currently testing the former’s new-generation high-bandwidth memory (HBM) chips. The HBM3E chip, Samsung’s fifth-generation chip, was launched last month. It is the industry’s first 36-gigabyte (GB) 12- stack high-performance, high-value memory chip. Such chips are seeing soaring demand because they speed up data processing while, at the same time, decrease size, latency and power consumption. As such, they are crucial for artificial intelligence (AI) chips such as Nvidia’s graphics pro...
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Denmark will soon be home to one of the world’s most powerful artificial intelligence (AI) supercomputers. The Novo Nordisk Foundation, the world’s wealthiest charity, announced on Tuesday that it was entering into a partnership with NVIDIA and the Investment Fund of Denmark to establish a national AI research centre that will be home to the supercomputer. The foundation is also the majority shareholder of Novo Nordisk, the Danish maker of diabetes and weight loss medication Ozempic. Danish pharmaceutical invests €2.1 billion in France Novo Nordisk ascent: Will Europe’s biggest company continu...
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Nvidia has identified Chinese tech company Huawei as one of its top competitors in various categories such as chip production, AI and cloud services. The tech giant said in a filing with the US Securities and Exchange Commission (SEC) on Wednesday that it expects "an increasingly competitive environment in the future" as rival companies ramp up CPU, GPU and AI production, among other technologies such as ethernet. "Some of our competitors may have greater marketing, financial, distribution and manufacturing resources than we do and may be more able to adapt to customers or technological change...
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At the time of writing, the FTSE 100, France's CAC 40 and Germany's Dax were all mainly higher after Nvidia delivered stunning results this week, setting off a rally in other technology companies that carried Wall Street to another record high. Nvidia results sets off stock rally Nvidia’s stock price surged Thursday after delivering another blowout quarter, setting off a rally in other technology companies that carried Wall Street to another record high. The chipmaker, which soared 16.4%, reported scorching demand for its semiconductors. Its stock has tripled over the past year thanks to a sur...
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In a much-anticipated earnings report, Nvidia shattered expectations, delivering a set of results that left analysts and investors astounded by the chipmaker’s staggering financial performance. The company's quarterly revenue soared to an unprecedented $22.1 billion (€20.46 billion), a 22% increase from the previous quarter and an astonishing 265% rise year-over-year. This figure surpassed the median forecast by Wall Street analysts, which was pegged at $20.395 billion (€18.88 billion). For the fiscal year 2024, Nvidia's revenue skyrocketed by 126% to $60.9 billion (€56.39 billion). The compan...
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The chipmaker said in an SEC filing this week that it held investments in Arm Holdings, SoundHound AI, and biotech company Recursion Pharmaceuticals, as of 31 December 2023. Who are the GRANOLAS? A look at Europe's 'Magnificent Eleven' stocksFollowing the update, the share prices of the companies climbed, reflecting investor sentiment around anything AI related and linked to Nvidia. At the end of trading on Thursday, Arm's share price was up 5.76% while SoundHound AI rose 66% - and Recursion Pharmaceuticals climbed 13.83%. So far, however, Nvidia has been the biggest beneficiary of the interes...
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