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The US has blocked export of Nvdia chips to China. But where there’s profit, there’s a way.Sanctions Fail Again and AgainThe Wall Street Journal reports China’s AI Engineers Are Secretly Accessing Banned Nvidia ChipsChinese artificial-intelligence developers have found a way to use the most advanced American chips without bringing them to China.One entrepreneur helping Chinese companies overcome the hurdles is Derek Aw, a former bitcoin miner. He persuaded investors in Dubai and the U.S. to fund the purchase of AI servers housing Nvidia’s powerful H100 chips.In June, Aw’s company loaded more than 300 servers with the chips into a data...

Nvidia Corp.’s meteoric rise makes it not only the third-largest company in the U.S. in terms of market capitalization, but also bigger than most other countries’ economies, based on gross domestic product. The chip maker’s stock closed at $788.17 on Friday, giving it a market value of $1.97 trillion. That figure is greater than the GDP of every nation in the world but 11, beating the likes of Russia, South Korea and Australia, according to February International Monetary Fund data compiled by Forbes. Of course, comparing a single stock’s market cap to a country’s GDP is not a perfect exercise,...

(Reuters) -Shares of Nvidia rallied to record highs on Wednesday, with the AI chipmaker's stock market valuation hitting the $3 trillion mark and overtaking Apple to become the world's second most valuable company. The latest rally in Nvidia comes as it prepares to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors.

Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March.Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed "Rubin," ahead of the COMPUTEX tech conference in Taipei.Rubin comes months after the March announcement of the upcoming "Blackwell" model, which is still in production and expected to ship to customers later in 2024.Huang's announcement of Rubin appears to quicken the company's already-accelerated pace of AI chip advancement.Nvidia has pledged to release new AI chip models on a "one-year rhythm," as Huang put it on Sunday....

Nvidia (NVDA) reported first quarter earnings after the bell on Wednesday that topped expectations while also announcing a 10-for-1 stock split and an increased dividend, following some of its Big Tech peers in doling out heftier quarterly payments to shareholders. The company reported adjusted earnings per share (EPS) of $6.12 on revenue of $26 billion, a jump of 461% and 262%, respectively, from a year ago. Analysts were expecting adjusted EPS of $5.65 on revenue of $24.69 billion, according to data from Bloomberg. The company reported adjusted EPS of $1.09 on revenue of $7.19 billion in the same quarter last...

Nvidia's Jensen Huang was recently described as a boss who was "not easy to work with" by his employees. But the billionaire CEO seemed unaffected by it. In fact, he welcomed it. He said that the route to doing extraordinary things shouldn't be easy. In an interview on 60 Minutes, the correspondent Bill Whitaker some of the words employees of the leading software company had used to describe Huang: "Demanding, perfectionist, not easy to work for." Responding to this, the 61-year-old said those traits fitted him "perfectly." "It should be like that," he was as quoted saying by the Business...

Answering a question about what he was excited about in the coming year, Dell CEO Jeff Clarke said that after a year of what he called "the H100 show," the company was "excited about what happens at the B100 and the B200" with regards to performance improvement.He then went on to tell analysts on the call that the B100s don't need direct liquid cooling to get to the energy density of 1kW per GPU, although he said that would happen "next year with the B200."Nvidia's H100 GPUs have a thermal design point (TDP) of 700W and are manufactured on a...

Microsoft Corp. plans to build a supercomputer with millions of processors to support OpenAI’s research, The Information reported today. The system will be geared toward running artificial intelligence workloads. Reportedly codenamed Stargate by Microsoft executives, the supercomputer is believed to be part of a broader initiative that is also set to see the company build several other AI clusters. The project is expected to cost as much as $100 billion. OpenAI already uses Microsoft infrastructure to train its AI models. In 2020, the cloud computing and software giant disclosed that it had built an Azure-hosted supercomputer with 10,000 graphics cards...

Look out, Apple (AAPL)! Microsoft (MSFT) is right on your tail and gaining fast. Supercharged by its AI chops, Microsoft's market value is now $2.8 trillion — just 5.7% shy of Apple's at $2.98 trillion. That means Microsoft's share price only needs to hit 400.53 — it's already at 377.80 — to dethrone Apple as the most valuable S&P 500 company. Given Apple's reliance on now-ubiquitous smartphones, it's only a matter of time when it bows out to faster-growing Microsoft, analysts say. "As markets and investors start to wrap up the year, Microsoft seems destined to be the most valuable...

California Rep. Nancy Pelosi and her husband, venture capitalist Paul Pelosi, could earn a windfall of more than $1 million thanks to a bullish bet Paul made on a Bay Area tech company. The couple is eyeing Nvidia, a software and graphics chip company headquartered in Santa Clara. According to a recent financial filing Nancy submitted with the Clerk of the House of Representatives, Paul purchased 50 call options in Nvidia with a strike price of $120. The purchase was made on Nov. 22, 2023, and the contracts expire on Dec. 20, 2024. Paul’s call options have a strike price...

Embarking on a narrative journey that transcends time, we unravel the captivating parallels between Nvidia’s meteoric rise and the cautionary tale of Cisco in 2000. If projections hold, Nvidia could transform into a $7.5 trillion behemoth within a year, evoking haunting memories of the Dot Com bubble. March 2000 witnessed a similar saga with Cisco, and as history beckons, we ponder the unheeded warnings of the past. The charts, valuations, and a sense of unstoppable growth—all echo a familiar tune. Is this a prelude to another tech bubble burst?

Nvidia’s AI processor business in China has been all but shuttered by the US Commerce Department, but its DRIVE Orin system-on-a-chip (SoC) for electric autonomous vehicles is still going strong. More than a dozen corporate customers in China contribute to Nvidia’s automotive revenues, which are now running at a rate of over US$1 billion per year. Several of Nvidia’s Chinese customers showcased their new electric vehicles (EVs) at the 21st Guangzhou International Automobile Exhibition held from November 17-26, including Denza, Human Horizons, Ji Yue, NIO, XPeng, Zeekr and BYD. The Nvidia DRIVE Orin SoC is a central computer for intelligent...

Nvidia's (NVDA.O) move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed. However, Nvidia's stock buyback - the fifth-biggest repurchase...

Chip designer Nvidia (NVDA.O) will invest $50 million to speed up training of Recursion's (RXRX.O) artificial intelligence models for drug discovery, the companies said on Wednesday, sending the biotech firm's shares surging about 83%. Recursion, whose advisers include AI pioneer Yoshua Bengio, will use its biological and chemical datasets exceeding 23,000 terabytes to train AI models on Nvidia's cloud platform. Nvidia, seen as a big winner of the boom in artificial intelligence, could then license those models to biotech firms through BioNeMo, a generative AI cloud service for drug discovery that it rolled out earlier this year. The company sold...

Graphic chip maker plans to build AI research center in Taiwan while continuing product sale to mainland China By JEFF PAO MAY 31, 2023 Nvidia, a California-based graphic processing unit maker, is going to build a world-class artificial intelligence research center in Taiwan to accelerate its Omniverse project, a computing platform that supports 3D applications. The announcement was made after the United States firm’s share price surged 24.6% to US$380.6 in a single day on May 24. On Tuesday, the valuation of Nvidia hit $1 trillion, making it the first US chipmaker to join the trillion-dollar club. Because of this,...

Huang, who founded Nvidia in 1993, said it is hard to predict if the U.S. export controls will end up creating a separate ecosystem for China for AI hardware and software. Nevertheless, he said, the public has to acknowledge China's technological advancements in cloud computing, internet services, digital payments, electric vehicles and autonomous driving technologies. "We have to run very fast ourselves," Huang said when asked by Nikkei Asia about the technological gap between Chinese GPU players and Nvidia on the sidelines of the event. "The amount of resources that has been dedicated to this area in China ... is...

Does anyone know if the Dell p/n: 061p37 (Dell Nvidia NVS 510 2GB Video Graphics Card ) was ever made with GDDR5 RAM)? And if so, what are the performance specs? I ran across a seller hawking just such ( p/n: 061p37 with 2GB GDDR5 ) but I can't find specs on it. All I can find is the old GDDR3 version. ??? Thanks in advance!

Chinese tech giant Huawei’s attempt to make semiconductors without American equipment has generated global headlines as the US-China tech war takes yet another turn. It is one more strong hint – if any were needed – that the US government is in the process of creating a competitor that it won’t be able to control while forcing American companies to abandon a massive market that until now has supported their sales, profits, economies of scale and stock prices. Geopolitics have overridden America’s past devotion to open markets and the situation is not likely to change anytime soon as long as...

Nvidia said on Thursday that the U.S. government has allowed exports and in-country transfers needed to complete the development of its flagship artificial intelligence chip.

The day has finally come: NVIDIA IS PUBLISHING THEIR LINUX GPU KERNEL MODULES AS OPEN-SOURCE! To much excitement and a sign of the times, the embargo has just expired on this super-exciting milestone that many of us have been hoping to see for many years. Over the past two decades NVIDIA has offered great Linux driver support with their proprietary driver stack, but with the success of AMD's open-source driver effort going on for more than a decade, many have been calling for NVIDIA to open up their drivers. Their user-space software is remaining closed-source but as of today they...