Nvidia
Nvidia’s sales soar 56% as AI demand remains strong
Nvidia, the world’s most valuable company, has reported a significant increase in sales, defying fears that artificial intelligence (AI) may be overhyped. The chip giant’s revenue for the three months ending in July rose to $46.74 billion, a 56% increase year-over-year. Profit for the quarter was $26.42 billion, a yearly rise of 59%. Nvidia’s latest […]
Asian Stocks plunge amid market panic after Trump sparks Fed turmoil and tariff threats
Asian stocks market opened the week on a cautious note, retreating after a series of market-shaking announcements by US President Donald Trump, which included the unexpected firing of a Federal Reserve governor and new threats of export controls targeting advanced technology and microchips. Investors had been buoyed by optimism stemming from US Federal Reserve Chairman […]
Nvidia and AMD Agree to Pay 15% of China Chip Sales to US Govt.
Nvidia and AMD have reportedly agreed to give the United States government a share of revenues from chip sales in China as part of a deal to secure export licences for their products. According to multiple outlets, Nvidia will share 15 percent of revenues from sales of its H20 AI chip, while AMD will pay […]
Nvidia to Resume AI Chip Sales to China, Easing Trade Tensions
US technology giant Nvidia has announced that it will soon resume sales of its high-end artificial intelligence (AI) chips to China. The US government has assured the firm that it will grant the necessary licenses to restart exports to the world’s second-largest economy. This move reverses a ban imposed by the Trump administration in April […]