The rise happened on Tuesday, as the NVDA shares soared to create a new total market capitalisation of $3.34tn. It came following a day where a surge of more than 3% in the share price took it to a new record high of $136. That took the company’s valuation to 180% higher than at the…
Read more
This massive gain overtook the previous best day of trading set by Facebook owner Meta Platforms Inc. (META) when it added $196bn to its value on February 2 this year. Analysts had hotly tipped NVDA to make huge profits thanks to its groundbreaking artificial intelligence (AI) technologies; however, even those analysts were taken aback by…
Read more
Nvidia outpaced the market values of both Amazon.com, Inc. (AMZN) and Alphabet Inc. (GOOG) earlier this week, making it the third-most valuable company in the US. In the last 12 months, the chipmaker’s stock has grown by 200% as the insatiable demand for microchips shows no signs of slowing. Don’t miss out the latest news,…
Read more
According to a Reuters report, the H20 chip launch was originally scheduled for November 2023; however, due to integration challenges faced by several different server manufacturers, the launch was postponed to its new date of October 2024. The H20, the third chip designed specifically with China as its majority user (after L20 and L2), is…
Read more
Nvidia’s AI chips contributed to the company’s revenue growth, which sits at 85% higher than the same period year-over-year, most significantly in Q3 of 2023. Although the company’s net income is 13 times higher than in December 2022, it made the most instrumental gains in Q1, 2 and 3 of this year, and experienced a…
Read more
Focusing on offshore technical and digital equipment, Shorthills AI provides data engineering solutions, as well as end-to-end generative AI, for companies in data pre-processing and data pipeline servicing. Nvidia (NASDAQ: NVDA) specialised in creating integrated circuits, GPUs and CPUs that are used in gaming consoles and PCs. ______________________________________________________________________ Don’t miss out the latest news, subscribe…
Read more
Bitcoin was up 6%, rising above $11,500, the highest it has been in over three weeks. Bitcoin's value fell from $20,000 in December to below $6,000 on February 4. This week, the cryptocurrency got a boost after an unknown investor bought $344 million worth of bitcoin between February 9 and February 12. This reportedly triggered…
Read more
NVIDIA Corporation (NASDAQ: NVDA) has reported record revenue for the second quarter ended July 30, 2017, of $2.23 billion, up 56% from $1.43 billion a year earlier, and up 15% from $1.94 billion in the previous quarter. Record revenue of $2.23 billion, up 56 percent from a year ago GAAP EPS of $0.92, up 124…
Read more