China, NVIDIA and AI
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NVIDIA CEO Huang Emerges
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Nvidia ( NVDA -0.42%) stock has returned 29% this year, and its market value currently stands at $4.2 trillion. Meanwhile, Palantir ( PLTR -0.34%) shares have advanced 104%, and its market value currently stands at $360 billion. That brings their collective valuation to $4.5 trillion.
Nvidia founder and CEO Jensen Huang has been active on the government relations and lobbying front, and now he’s got something big to show for his efforts: the Trump Administration has agreed to lift a ban on selling Nvidia H20 AI chips to China.
At the Beijing Expo, Jensen Huang also announced plans for a new chip for Chinese clients that is designed for robotics and smart factories.
The advent of commercially available artificial intelligence (AI) systems has brought with it a growing need for prodigious computing power. Newcomer CoreWeave (CRWV -6.95%), whic
Amid rising infrastructure demands, AI startups like Crusoe Energy Systems are tapping large-scale credit lines, PitchBook reported. Crusoe last month raised a $750 million credit facility from Brookfield Asset Management (NYSE:BAM) to expand its data centers and acquire more graphics processing units from Nvidia Corp.
NVIDIA's beefed-up GB300 'Blackwell Ultra' AI servers are now in production, will begin shipping in September, with 'no major issues' at this stage.
Nvidia is known as the star of the artificial intelligence (AI) market, with its earnings and stock price flying high. Nvidia (NASDAQ: NVDA) has proven itself to be the bellwether of the artificial intelligence (AI) industry.
AI-related stocks have delivered explosive gains for the past two and a half years. Nvidia (NASDAQ:NVDA) turned its GPUs into the picks and shovels of the new gold rush and became the planet’s most valuable company.