News | Latest Breaking News Stories & Headlines

Samsung is the world's largest memory chip, smartphone and TV maker

Samsung apologises for disappointing third quarter profit

Samsung Electronics has warned that its third-quarter profit would come in below market expectations and apologised for the disappointing performance with the tech giant lagging its rivals in supplying high-end chips to Nvidia in the booming AI market.

Business • 08 Oct 24

OpenAI's biggest corporate backer Microsoft took part in the funding round as did new participant Nvidia

OpenAI closes new $6.6 billion funding haul

OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world.

Business • 03 Oct 24

Equal1 and Irish delegation with Nvidia's Sam Stanwyck, Director of Quantum and Shilpa Kolhatkar, Global Head AI Nations

Nvidia signs collaboration deal with Ireland's Equal1

Irish quantum computing company Equal1 has signed a Memorandum of Understanding (MoU) with chipmaker giant Nvidia to collaboratively work together on furthering Quantum Computing.

Business • 27 Sep 24

Nvidia shares are up 141% so far this year, thanks to a dizzying rally sparked by AI expectations

Nvidia gets subpoena from US Dept of Justice - Bloomberg

The US Department of Justice has sent a subpoena to Nvidia as it deepens its probe into the AI heavyweight's antitrust practices, Bloomberg News has reported, citing people familiar with the investigation.

Business • 04 Sep 24

Dell's infrastructure solutions group, which includes Nvidia-powered servers, surged 38% to a record revenue of $11.65 billion in the second quarter of 2024

Dell raises forecasts as demand surges for AI servers

Dell Technologies last night raised its annual revenue and profit forecasts, buoyed by demand for its AI-optimised servers that are powered by Nvidia's powerful chips, sending its shares up about 3% in extended trading.

Business • 30 Aug 24

Shares of the chipmaker fell 6% in after-hours trading on Wall Street last night, weighing on shares of other chipmakers

Nvidia fails to impress growth-hungry investors

Nvidia's quarterly forecast failed to meet lofty expectations of investors who have driven a dizzying rally in its stock as they bet billions on the future of generative artificial intelligence.

Business • 29 Aug 24

Investors used to blockbuster results from Nvidia are expecting bumper results from the artificial intelligence chip giant

Nvidia second quarter sales likely to double

Nvidia is likely to report on Wednesday that its second-quarter revenue more than doubled, but investors used to its blockbuster results will be expecting even more from the artificial intelligence chip giant.

Business • 26 Aug 24

While the value of Nvidia shares are still way up compared to 2023, they have fallen sharply in recent weeks

Tech stocks remain under pressure as AI hype wanes

The value of major US tech stocks continued to fall yesterday, highlighting growing doubts around the value of artificial intelligence.

Business • 08 Aug 24

Warren Buffett's Berkshire Hathaway has halved its stake in Apple - the conglomerate's top holding

Magnificent Seven set to shed $800 billion in value

Apple and other heavyweight companies sold off on Wall Street last night as US recession fears and Berkshire Hathaway's sale of half of its stake in the iPhone maker further deflated a months-long rally fueled by optimism about AI.

Business • 06 Aug 24

Nvidia shares surged nearly 13% on expectations its top-of-the-line processors will remain in tight demand

Nvidia shares surge 13% as market value hits $330 billion

Nvidia added about $330 billion in stock market value last night, a record one-day gain for any company on Wall Street after Microsoft and Advanced Micro Devices reignited the AI rally.

Business • 01 Aug 24

Nvidia has handed the title of the world's most valuable company back to Microsoft

Nvidia loses top spot to Microsoft after 3% drop

Nvidia's shares declined nearly 3.4% on Wall Street last night, handing the title of the world's most valuable company back to Microsoft.

Business • 21 Jun 24

Nvidia's stunning surge in market value over the past year has become emblematic of a Wall Street frenzy driven by optimism about emerging AI technology

Nvidia eclipses Microsoft as world's most valuable firm

Nvidia became the world's most valuable company last night, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology.

Business • 19 Jun 24

Nvidia is preparing to split its stock ten-for-one, effective on June 7

Nvidia overtakes Apple as No 2 most valuable company

Nvidia rallied to record highs yesterday with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company.

Business • 06 Jun 24

Nvidia's market capitalisation reached $2.8 trillion last night, compared to a market value of $2.9 trillion for Apple

AI darling Nvidia's market value surges closer to Apple

Nvidia's shares rallied around 6% to hit a record high on Wall Street last night, leaving the AI chipmaker's stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street's biggest players.

Business • 29 May 24

Shares in Nvidia, the AI poster child's, have surged 90% so far this year

Nvidia quarterly profits soar on demand for AI power

Nvidia has forecast quarterly revenue above estimates and announced a stock split, lifting its shares to record-high territory and impressing investors who have tripled the chipmaker's market value in the past year on AI optimism.

Business • 23 May 24

Nvidia's chip and software announcements at GTC 2024 will help determine whether it can maintain its 80% share of the market for AI chips

Nvidia unveils flagship AI chip, aims to extend dominance

Nvidia's stock climbed 1% today after the heavyweight chipmaker said its newest flagship AI processor is expected to begin shipping later this year.

Business • 19 Mar 24

Oracle shares closed up nearly 14% in extended trading on Wall Street last night

Oracle tops quarterly profit estimates on AI demand

Oracle said it is set to make a joint announcement with chip-giant Nvidia, and it beat estimates for quarterly profit, riding on the generative AI demand boom.

Business • 12 Mar 24

Nvidia's shares have surged nearly 60% this year, after more than tripling in value in 2023.

Nvidia hits $2 trillion valuation amid AI frenzy

Nvidia hit $2 trillion in market value today, boosted by an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom.

Business • 23 Feb 24

Nvidian dominates the global market for AI chips, where it counts the likes of Microsoft among its customers

Nvidia stock surges as revenue forecast tops estimates

Nvidia has forecast a roughly threefold surge in quarterly revenue that beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours.

Business • 22 Feb 24

$30 billion worth of Nvidia shares changed hands daily on average over the past 30 sessions, pulling ahead of Tesla, which averaged $22 billion a day over the same time

Nvidia dethrones Tesla as Wall Street's most traded stock

Chipmaker Nvidia is replacing Tesla as Wall Street's most traded stock by value, adding to its prominence after becoming the third-most valuable US company and showing more evidence of how central AI-related bets have become to investors.

Business • 21 Feb 24

With its shares at a record high of $734.96, Nvidia was worth $1.82 trillion in market value on Wall Street yesterday

AI frenzy puts Nvidia ahead of Amazon in market value

Nvidia briefly surpassed Amazon.com in market capitalisation yesterday, as the euphoria around artificial intelligence catapulted the chipmaker to the fourth most valuable US company.

Business • 13 Feb 24

Shares of the 'Magnificent Seven' - Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla - have soared between around 50% and 240% this year

Can Magnificent 7 trade keep powering US stocks?

As a strong year in US stocks winds down, fund managers face a potentially consequential choice in 2024 - stick with the few massive growth and technology names that have powered equity indexes higher, or take a shot on the rest of the market.

Business • 28 Dec 23

Nvidia's graphics processing units (GPUs) dominate the market for AI

Nvidia outlook beats expectations, China worries linger

Chip designer Nvidia said it expects a steep drop in fourth-quarter sales in China - a key revenue generator - in the wake of new US rules, but forecast overall revenue above Wall Street targets as supply-chain issues ease.

Business • 22 Nov 23

Shares of California-based Nvidia rose 9.6% in trading after the bell on Wall Street last night, hitting an all-time high

Nvidia adds to AI optimism with record results

Nvidia far exceeded expectations with its quarterly revenue forecast last night as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in stock, sending its shares soaring after hours.

Business • 24 Aug 23

Rising bets that Nvidia's revenue target will once again surpass Wall Street estimates have lifted the stock about 19% from a two-month low hit last week

Nvidia shares hit new high ahead of quarterly results

Nvidia shares hit an all-time high today in a buildup in expectations over the quarterly results of the chip designer that has been the biggest beneficiary of a boom in artificial intelligence.

Business • 22 Aug 23