Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
6/18/2024 | $140.00 → $200.00 | Buy | Rosenblatt | |
6/10/2024 | $176.00 | Overweight → Equal-Weight | Morgan Stanley | |
6/3/2024 | $1320.00 → $1500.00 | Buy | BofA Securities | |
5/24/2024 | $1025.00 | Buy → Hold | DZ Bank | |
5/23/2024 | $1030.00 → $1260.00 | Buy | Citigroup | |
5/23/2024 | $1100.00 → $1200.00 | Buy | Goldman | |
5/23/2024 | $850.00 → $1150.00 | Overweight | JP Morgan | |
5/23/2024 | $1000.00 → $1180.00 | Buy | Mizuho |
The semiconductor industry, led by Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD), saw a redemption after a Thursday pullback, reflecting an unabated artificial intelligence frenzy.
Meanwhile, key contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM) won government approval for an additional $10.26 billion to finance the construction of its second fab in Kumamoto, Japan, and a second fab in Arizona using advanced process technologies.
TSMC's second Arizona fab will upgrade its process technology to 2 nanometers, and the second Kumamoto fab will produce chips ranging from 6-nanometer to 40-nanometer processes.
The semiconductor industry had a fruitful week, with Nvidia chief Jensen Huang crediting its success in AI chips to a strategic bet over a decade ago and highlighting its "lowest total cost of ownership" at the shareholder meeting.
Also, recent reports indicate that TSMC is considering advanced chip packaging to capitalize on the AI surge. Nvidia and AMD, among other key customers, have nearly booked TSMC's 3nm process to full capacity through 2026.
Nvidia's stock has gained 205% in the last 12 months, and AMD's stock has gained 48%. Investors can gain exposure to Nvidia via the Vanguard Information Tech ETF (NYSE:VGT) and the iShares S&P 500 Growth ETF (NYSE:IVW).
Price Actions: NVDA shares traded higher by 0.02% to $124.02 at the last check on Friday. AMD is up 2.15% at $162.90.
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Advanced Micro Devices's revenue has grown at an average rate of 35.99% annually over the past 5 years. The average 1-year price target from analysts is $195.64, representing an expected 20.58% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Advanced Micro Devices have seen an annualized return of 22.35%, outperforming the S&P500 index by 13.83%. This compares to 26.81% growth in the overall Information Technology sector. Advanced Micro Devices has a beta of 3.03.
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6-K - TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
144 - NVIDIA CORP (0001045810) (Subject)
8-K - NVIDIA CORP (0001045810) (Filer)
6-K - TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
6-K - TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
6-K - TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
6-K - TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
SD - ADVANCED MICRO DEVICES INC (0000002488) (Filer)
10-Q - NVIDIA CORP (0001045810) (Filer)
6-K - TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
~ Initial Access to 5,120 of NVIDIA's Latest and Most Powerful GPUs ~ ~ Develop and Deploy Advanced AI Enterprise Solutions for Fintech, Telecom, and Governments, Leveraging DIGIASIA's Existing Infrastructure and NVIDIA's Superior Hardware ~ ~ Significant Expansion of DIGIASIA's Comprehensive "Fintech as a Service" Ecosystem, Tapping into an Estimated USD 200-300 Billion Annual Global Opportunity for AI Across Financial Services1 ~ ~ Catalyst to Achieve Significant Growth of Top and Bottom Line Beginning in the Fourth Quarter of 2024 ~ NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Digi Tech Limited, the UAE based subsidiary of DIGIASIA Corp. (NASDAQ:FAAS) ("DIGIASIA" or the "Company"), a
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
SANTA CLARA, Calif., June 19, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Sun Singapore Systems Pte. Ltd., the largest smart parking solutions provider in Singapore, is deploying a new AI-based smart parking solution, powered by AMD Zynq™ UltraScale+™ MPSoC devices. The intelligent solution improves the accuracy of vehicle license plate recognition and enables advanced features like parking spot vacancy detection, lane jam, accident detection, and parking violation enforcement. Sun Singapore's new AI-based smart parking system uses PlanetSpark's EdgeAI Box X7, which is powered by FPGA-based AMD Zynq UltraScale+ MPSoCs. Aupera Technologies also helped design and develop
New Lineup Features First-of-Its-Kind Turnkey, Private-Cloud AI Solution Including Sustainable Accelerated Computing with Full Lifecycle Services to Streamline Time to Value with AI HPE Discover 2024 – Hewlett Packard Enterprise (NYSE:HPE) and NVIDIA today announced NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI. Among the portfolio's key offerings is HPE Private Cloud AI, a first-of-its-kind solution that provides the deepest integration to date of NVIDIA AI computing, networking and software with HPE's AI storage, compute and the HPE GreenLake cloud. The offering e
Austin, June 18, 2024 (GLOBE NEWSWIRE) -- Austin, Texas - Rad-hard microcontroller from VORAGO Technologies reconfigures AMD Kintex™ UltraScale™ FPGAs for space applications Austin, Texas, June 18, 2024: AMD and VORAGO Technologies are pleased to announce that AMD Space-Grade Kintex UltraScale FPGAs (Field Programmable Gate Arrays) can be reconfigured by VORAGO's radiation hardened microcontrollers (rad-hard MCUs), increasing reliability and flexibility while adding radiation hardness to existing radiation-tolerant AMD FPGA-based systems. Joining market-leading FPGAs from AMD with best-in-class, radiation-hardened MCUs from VORAGO greatly increases flexibility in FPGA reconfigurat
SEATTLE, June 17, 2024 (GLOBE NEWSWIRE) -- CVPR—NVIDIA today announced NVIDIA Omniverse Cloud Sensor RTX™, a set of microservices that enable physically accurate sensor simulation to accelerate the development of fully autonomous machines of every kind. Sensors, which comprise a growing, multibillion-dollar industry, provide autonomous vehicles, humanoids, industrial manipulators, mobile robots and smart spaces with the data needed to comprehend the physical world and make informed decisions. With NVIDIA Omniverse Cloud Sensor RTX, developers can test sensor perception and associated AI software at scale in physically accurate, realistic virtual environments before real-world deployment —
SANTA CLARA, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- NVIDIA today announced it will hold its 2024 Annual Meeting of Stockholders online on Thursday, June 26, at 9 a.m. PT. The meeting will take place virtually at http://www.virtualshareholdermeeting.com/NVDA2024. Stockholders will need their control number included in their notice or proxy card to access the meeting, and may vote and submit questions while attending the meeting. Non-stockholders are welcome to attend by going to the above link and registering under "Guest Login." The matters to be voted on at the meeting are set forth in the company's proxy statement filed on May 14, 2024, with the U.S. Securities and Exchange Comm
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 11, 2024 /PRNewswire/ -- A turf war is ramping up thanks to the artificial intelligence (AI) revolution, as the AI industry's thirst for new data centers is causing a shortage of parts, property, and power. Data centers are essential for supporting AI technology, leading to a rush to secure everything needed to build them, including land, power, equipment, building materials, and skilled workers. These centers must be ready to handle the constantly changing needs of AI customers. Behind the scenes, tech developers are working diligently to provide and secure these types of supplies and infrastructure, in
SANTA CLARA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced that Ruth Cotter, senior vice president, Marketing, Communications and Human Resources, will present at the UBS Women in Tech Summit on Wednesday, June 12 at 10:30 am PT / 1:30 pm ET. A webcast of the presentation can be accessed on the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD empl
SANTA CLARA, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced that Jean Hu, executive vice president, chief financial officer and treasurer, will present at the Nasdaq London Investor Conference in partnership with Jefferies on Tuesday, June 11 at 2:45pm GMT / 6:45am PDT. A webcast of the presentations can be accessed on the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they l
Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262% from a year ago Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and up 427% from a year agoTen-for-one forward stock split effective June 7, 2024Quarterly cash dividend raised 150% to $0.01 per share on a post-split basis SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the first quarter ended April 28, 2024, of $26.0 billion, up 18% from the previous quarter and up 262% from a year ago. For the quarter, GAAP earnings per diluted share was $5.98, up 21% from the previous quarter and up 629% from a year ago. Non-GAAP earnings per diluted share wa
SANTA CLARA, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, May 22, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the first quarter of fiscal year 2025, which ended April 28, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its first-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company's results ar
SANTA CLARA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2024 of $5.5 billion, gross margin of 47%, operating income of $36 million, net income of $123 million and diluted earnings per share of $0.07. On a non-GAAP(*) basis, gross margin was 52%, operating income was $1.1 billion, net income was $1.0 billion and diluted earnings per share was $0.62. "We delivered strong first quarter results with our Data Center and Client segments each growing more than 80% year-over-year driven by the ramp of MI300 AI accelerator shipments and the adoption of our Ryzen and EPYC processors," said AMD Chair and CEO Dr. Lisa Su. "This is
SANTA CLARA, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced today that it will report fiscal first quarter 2024 financial results on Tuesday, Apr. 30, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AM
Record quarterly revenue of $22.1 billion, up 22% from Q3, up 265% from year ago Record quarterly Data Center revenue of $18.4 billion, up 27% from Q3, up 409% from year agoRecord full-year revenue of $60.9 billion, up 126% SANTA CLARA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the fourth quarter ended January 28, 2024, of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago. For the quarter, GAAP earnings per diluted share was $4.93, up 33% from the previous quarter and up 765% from a year ago. Non-GAAP earnings per diluted share was $5.16, up 28% from the previous quarter and up 486% from a year ago. For fisc
SANTA CLARA, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, February 21, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the fourth quarter and fiscal year 2024, which ended January 28, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its fourth-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company's
SANTA CLARA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2023 of $6.2 billion, gross margin of 47%, operating income of $342 million, net income of $667 million and diluted earnings per share of $0.41. On a non-GAAP(*) basis, gross margin was 51%, operating income was $1.4 billion, net income was $1.2 billion and diluted earnings per share was $0.77. For the full year 2023, the company reported revenue of $22.7 billion, gross margin of 46%, operating income of $401 million, net income of $854 million and diluted earnings per share of $0.53. On a non-GAAP(*) basis, gross margin was 50%, operating income was $4.9 billion, ne
SANTA CLARA, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced today that it will report the fiscal fourth quarter and full year 2023 financial results on Tuesday, Jan. 30, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EST / 2:00 p.m. PST. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around th
Record revenue of $18.12 billion, up 34% from Q2, up 206% from year agoRecord Data Center revenue of $14.51 billion, up 41% from Q2, up 279% from year ago SANTA CLARA, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the third quarter ended October 29, 2023, of $18.12 billion, up 206% from a year ago and up 34% from the previous quarter. GAAP earnings per diluted share for the quarter were $3.71, up more than 12x from a year ago and up 50% from the previous quarter. Non-GAAP earnings per diluted share were $4.02, up nearly 6x from a year ago and up 49% from the previous quarter. "Our strong growth reflects the broad industry platform transition f
SANTA CLARA, Calif., Nov. 01, 2023 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Tuesday, Nov. 21, at 2 p.m. PT (5 p.m. ET), to discuss its financial results for the third quarter of fiscal year 2024, which ended Oct. 29, 2023. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its third-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company's results ar
In a bid to capitalize on the surging demand for AI computing, Lambda Labs, a Silicon Valley startup, is in discussions to raise an additional $800 million. What Happened: The proposed funding would significantly boost the company’s valuation, placing it among the best-funded startups in Silicon Valley. The surge in demand for computing infrastructure that powers the generative AI boom is driving this move, reported the Financial Times on Saturday. Lambda Labs, based in San Jose, recently secured a $500 million loan using its NVIDIA Corp (NASDAQ:NVDA) chips as collateral. This loan was intended to finance the expansion of its cloud services. The company’s rapid succession of funding ro
Leading cryptocurrencies drifted sideways over the weekend as unanticipated market swings created an atmosphere of uncertainty. CryptocurrencyGains +/-Price (Recorded 8:30 p.m. EDT)Bitcoin (CRYPTO: BTC)+2.77%$62,608.85Ethereum (CRYPTO: ETH) +1.59%$3,433.28Dogecoin (CRYPTO: DOGE) +2.14%$0.1246 What Happened: Bitcoin spiked above $62,000 Sunday, ending a week that saw the King Crypto wobbling between $60,000 and $62,600. Concerns over the sale of Bitcoin by the governments of the U.S. and Germany eroded investors' confidence. Ethereum climbed past $3,400, with speculation rife about the possible date for final approvals for spot exchange-traded funds. On
The stock market is up solidly this year, thanks to expectations of rate cuts by the Federal Reserve amid easing inflationary pressure, strong corporate earnings and optimism over the potential of artificial intelligence technology’s potential. Building On Gains: The S&P 500 Index, a measure of broader market performance, has gained a robust 14.48% so far this year, and it is up 3.92% for the second quarter. The index last hit a record closing high (5,487.03) on June 18, and breached the 5,500 mark intraday on June 20. Since then, the broader gauge has been going about a consolidation move. The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the performance of th
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Stocks dipped on Friday as traders digested new economic data showing slowing inflation and better-than-expected consumer sentiment figures. The markets wrapped up a strong first half of 2024, as the S&P 500 and Nasdaq Composite both hit new all-time intraday highs before pulling back. The Federal Reserve’s Personal Consumption Expenditure price index dropped to its lowest level since March 2021, hitting an annual rate of 2.6%, which aligned with economist expectations and solidified market expectations for interest rate cuts. Following the first presid
The Federal Reserve's most closely monitored inflation measure — the Personal Consumption Expenditure price index — reached its lowest level since March 2021 in May, registering an annual rate of 2.6%, in line with economist expectations. The inflation figures released Friday indicate that price pressures are trending toward the Fed's 2% target, solidifying market expectations for interest rate cuts. September is now seen as the most likely month for the first rate cut, followed by another by the end of the year, and potentially three more next year, according to market prediction data. The first presidential debate concluded with a spike in Donald Trump's win probabilities to about 60
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume MAXN PUT SWEEP BEARISH 07/05/24 $1.00 $126.9K 17.4K 55.2K NVDA CALL SWEEP
The semiconductor industry, led by Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD), saw a redemption after a Thursday pullback, reflecting an unabated artificial intelligence frenzy. Meanwhile, key contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM) won government approval for an additional $10.26 billion to finance the construction of its second fab in Kumamoto, Japan, and a second fab in Arizona using advanced process technologies. TSMC's second Arizona fab will upgrade its process technology to 2 nanometers, and the second Kumamoto fab will produce chips ranging from 6-nanometer to 40-nanometer processes. The semiconductor industry had a
To gain an edge, this is what you need to know today. PCE Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is attempting to break to a new high. RSI on the chart shows that there is a technical set up for the stock market to go higher. The chart shows that the stock market is significantly above the support zone. This indicates that buying here does not have a favorable risk reward ratio. The chart shows low volume. This indicates a lack of conviction. We previously shared with you that economists have become good at predicting the
In the fast-paced and highly competitive business world of today, conducting thorough company analysis is essential for investors and industry observers. In this article, we will conduct an extensive industry comparison, evaluating Taiwan Semiconductor (NYSE:TSM) in relation to its major competitors in the Semiconductors & Semiconductor Equipment industry. Through a detailed examination of key financial metrics, market standing, and growth prospects, our objective is to provide valuable insights and illuminate company's performance in the industry. Taiwan Semiconductor Background Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share.
A recent survey from JPMorgan reveals a clear trajectory towards increased investment in AI infrastructure, with expectations of significant revenue growth in the semiconductor sector over the next several years. Here’s how the 166 CIOs responded: AI Infrastructure Investment Soars: Over 75% of surveyed CIOs plan to allocate more than 5% of their IT budgets to AI compute hardware within three years, up from approximately 25% currently. This signals a projected 45% compound annual growth rate (CAGR) in AI-related spending, outpacing previous forecasts. Cloud Capex Expansion: Cloud spending is set to rise to 35% of IT budgets in five years, up from 20% presently, indicating a robust
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Rosenblatt reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $200.00 from $140.00 previously
Morgan Stanley downgraded Advanced Micro from Overweight to Equal-Weight and set a new price target of $176.00
BofA Securities reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $1,500.00 from $1,320.00 previously
DZ Bank downgraded NVIDIA from Buy to Hold and set a new price target of $1,025.00
Citigroup reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $1,260.00 from $1,030.00 previously
Goldman reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $1,200.00 from $1,100.00 previously
JP Morgan reiterated coverage of NVIDIA with a rating of Overweight and set a new price target of $1,150.00 from $850.00 previously
Mizuho reiterated coverage of NVIDIA with a rating of Buy and set a new price target of $1,180.00 from $1,000.00 previously
Wolfe Research reiterated coverage of NVIDIA with a rating of Outperform and set a new price target of $1,250.00 from $1,200.00 previously
Barclays reiterated coverage of NVIDIA with a rating of Overweight and set a new price target of $1,200.00 from $1,100.00 previously
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USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
New Lineup Features First-of-Its-Kind Turnkey, Private-Cloud AI Solution Including Sustainable Accelerated Computing with Full Lifecycle Services to Streamline Time to Value with AI HPE Discover 2024 – Hewlett Packard Enterprise (NYSE:HPE) and NVIDIA today announced NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI. Among the portfolio's key offerings is HPE Private Cloud AI, a first-of-its-kind solution that provides the deepest integration to date of NVIDIA AI computing, networking and software with HPE's AI storage, compute and the HPE GreenLake cloud. The offering e
USA News Group News Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftl
SAN FRANCISCO, March 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, announces that it has qualified to trade on the OTCQB® Venture Market operated by the OTC Markets Group Inc. and the Company's common shares commenced trading today on the OTCQB under the ticker symbol "SBOT". "Serve's transition to a publicly traded entity marks an important moment in the robotics landscape, showcasing our role as one of the first to commercially deploy AI-powered robots in urban settings. With the backing of strategic p
SANTA CLARA, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- NVIDIA today announced it will host its flagship GTC 2024 conference at the San Jose Convention Center from March 18-21. More than 300,000 people are expected to register to attend in person or virtually. NVIDIA founder and CEO Jensen Huang will deliver the keynote from the SAP Center on Monday, March 18, at 1 p.m. Pacific time. It will be livestreamed and available on demand. Registration is not required to view the keynote online. Since Huang first highlighted machine learning in his 2014 GTC keynote, NVIDIA has been at the forefront of the AI revolution. The company's platforms have played a crucial role in enabling AI across
— Acer, Asus, Dell, HP, Lenovo and Razer laptops powered by AMD Ryzen™ 8040 Series mobile processors to deliver advanced computing for work, play, and AI-enabled experiences — — Ryzen™ AI 1.0 Software available to make it easier to deploy models on Ryzen AI PCs — SANTA CLARA, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced the new AMD Ryzen™ 8040 Series mobile processors, extending its leadership mobile offerings with best-in-class x86 processor performance.1 With the integrated Ryzen AI NPU on-die on select models, AMD is bringing even more state-of-the-art AI PCs to market,1 with up to 1.6x more AI processing performance than prior AMD models,2 to de
Yotta launches Shakti Cloud: India's Largest Supercomputer of 16 Exaflops AI computing power with NVIDIA H100 Tensor Core GPUs to drive mass-scale AI innovation in India MUMBAI, India, Dec. 5, 2023 /PRNewswire/ -- Yotta Data Services today announced a collaboration with NVIDIA to deliver cutting-edge GPU computing infrastructure and platforms for its Shakti Cloud platform. The collaboration will advance the development of AI solutions in India by bringing state-of-the-art AI capabilities within reach of numerous organizations, businesses, AI researchers, and a multitude of startups across the country. With this offering, Yotta customers will be able to train large language models (LLMs) and
SANTA CLARA, Calif., July 10, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Executive Vice President and Chief Sales Officer Darren Grasby will transition into a new role as executive vice president, strategic partnerships and that Phil Guido has joined the company as executive vice president and chief commercial officer. Guido will be responsible for leading the AMD worldwide sales organization with a focus on further accelerating adoption of the company's leadership products with commercial and data center customers. "I am excited to welcome Phil to our leadership team as we take the next steps in our journey to make AMD the commercial and data center compute partne
SANTA CLARA, Calif., March 13, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced the appointment of five technical leaders to the role of AMD Corporate Fellow. These appointments recognize each leader's significant impact on semiconductor innovation across various areas, from graphics architecture to advanced packaging. David Blythe: A widely respected graphics architect with over three decades of industry experience. Blythe joined AMD in November 2022 after spending 13 years at Intel, most recently as its lead GPU architect. He architected several of the industry's most consequential graphics APIs for PCs, clients, workstations and mobile phones, including DirectX® 10 and 11 and
SANTA CLARA, Calif., Nov. 16, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced that John Caldwell is retiring from the AMD board of directors after 16 years of service. Nora Denzel will succeed Caldwell as lead independent director, effective immediately. Caldwell joined the AMD board of directors in 2006. He served as chairman from 2016 to 2022 and was named lead independent director earlier this year. He held a variety of committee positions throughout his tenure, including chair of the compensation and leadership resources committee and serving on the nominating and corporate governance committee. "On behalf of the AMD board of directors, I want to thank John for his outstanding le