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☆ Meet Sharon Zhou, the AI founder doing just fine without Nvidia's chips
▼ + stars: | 2024-04-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

The Santa Clara giant's chips, known as GPUs, became the hottest property of the generative AI boom. In April last year, Zhou and her cofounder Greg Diamos, based in Palo Alto, brought their new startup, Lamini AI, out of stealth. It makes using AI models with GPUs like the H100 and Nvidia's new Blackwell chip, as simple as a plug-and-play system. Fortunately for them, after consulting with Diamos, according to Zhou, AMD was on its way to building a rival system that they would eventually test. it's indiscernible to customers to run Lamini on Nvidia and AMD GPUs," she explained.

Persons: —, giant's, Mark Zuckerberg, Sam Altman, hasn't, Jensen Huang, Sharon Zhou, Andrew Ng, Zhou, Greg Diamos, Lisa Su Organizations: Service, Nvidia, Business, Harvard, Stanford, Anthropic, Amazon, AMD Locations: Santa, Palo Alto, OpenAI

☆ Nvidia lives up to the earnings hype and then some, prompting our big price target hike
▼ + stars: | 2024-02-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.

Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan

☆ China's EV slowdown drags down Nvidia's 'next billion-dollar business'
▼ + stars: | 2023-08-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Nvidia automotive segment primarily sells chip systems for assisted driving. Colette Kress Nvidia's Chief Financial OfficerThe $253 million segment revenue was also well below the $309.3 million forecast by a FactSet analyst poll. Although still a fraction of the chipmaker's business, automotive revenue has grown rapidly from just over $100 million a quarter two years ago. Bloomberg | Bloomberg | Getty ImagesCounterpoint's Wang pointed out that Nvidia's products are concentrated in the high-end automotive segment. Analog Devices on Wednesday reported automotive revenue of $747.6 million for the three months ended July 29, down by 5% from the prior quarter.

Persons: Jensen Huang, Alex Wong, Huang didn't, Colette Kress, Brady Wang, Xpeng, Xpeng's, Xinzhou Wu, Xiaopeng, Huang, Counterpoint's Wang, David Wong Organizations: Nvidia, Getty, Local, Counterpoint Research, Nvidia Nio, Bloomberg, NVIDIA, Robotics, Nomura, Qualcomm, China Passenger Car Association Locations: BEIJING, China, Xpeng, Santa Clara , California

And that $1 trillion of data centers is in the process of transitioning into accelerated computing and generative AI. Additionally, Nvidia announced AI-ready servers to support the VMware Private AI Foundation and help businesses customize and deploy generative AI applications using their proprietary data. Shares of AMD have also surged higher in this year's AI trade, though the role the company plays in the field is less clear. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jensen Huang, Huang, ChatGPT, Nvidia's Huang, It's, We've, Grace Hopper Superchip, it's, hyperscalers, Jim Cramer, Jim, Eduardo MunozAlvarez Organizations: Broadcom, Jim Cramer's Charitable Trust, Devices, AMD, Moore's, Microsoft, Broadcom's, VMWare, VMware, Nvidia, AI Foundation, U.S . Federal Trade Commission, Intel, Tower Semiconductor, ARM, CNBC, View, Getty Locations: China

☆ Nvidia stock rides the 'iPhone moment of AI' to add $87 billion in market cap through the banking crisis
▼ + stars: | 2023-03-23 | by ( Anil Varma | ) www.businessinsider.com time to read: +4 min

Nvidia has breezed through the banking turmoil, and is the S&P 500's best performer with a 81% rise year-to-date. The chipmaker has added $87 billion in market value since Silicon Valley Bank was taken over by regulators. "We are at the iPhone moment of AI," CEO Jensen Huang said this week amid the ChatGPT buzz. At about $654 billion, Nvidia is valued almost six times as much as its longtime rival Intel. NVIDIA stock has significantly outperformed the US stock market.

[1/2] U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, U.S., October 17, 2022. The investment is a big win for Biden after supply-chain issues disrupted the U.S. economy early in his presidency. They will attend a "tool-in" ceremony, which is the symbolic moving of the first equipment onto the shop floor of the new $12 billion facility. The $52.7 billion "Chips and Science" act, signed by Biden in August, is aimed at preventing a resurgence of supply-chain woes. Biden's victory in Arizona in the 2020 presidential election helped catapult him to the White House after Republican Donald Trump won the state in 2016.

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