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☆ Apple needs to make the iPhone cool again. Tomorrow is its chance
▼ + stars: | 2024-06-09 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

And no product is more important to Apple than the iPhone. New AI features that provide a compelling reason to upgrade when Apple rolls out the iPhone 16 in the fall could boost the company at a crucial time. Here’s the thing: No matter how Monday goes, Apple isn’t losing its status as a tech powerhouse anytime soon. The latter scenario — assuming the features are compelling — could spur the next major iPhone upgrade cycle and have ripple effects for the entire company. “That’s the key: if it’s compelling and not backward-compatible, Apple will have the first upgrade cycle in four years,” Luria said.

Persons: they’ve, Apple isn’t, D.A, Davidson, Gil Luria, Gadjo Sevilla, “, Siri, Luria, ” Luria Organizations: New, New York CNN, Apple, CNN, ”, Nvidia, Microsoft, eMarketer, iOS, Samsung Locations: New York, China, WWDC

☆ Wall Street showers an AI chipmaker we own with praise — and it's not Nvidia
▼ + stars: | 2024-06-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

JPMorgan upped its growth forecast for the custom AI chip market and said Broadcom's dominance in the space is poised to continue. Essentially, these networking chips help make up the plumbing of data centers. The second line of Broadcom's AI business is custom processors, where the company is best-known for co-designing Alphabet's tensor processing units, or TPUs. Google-parent Alphabet and Broadcom have collaborated on the creation of the AI chips for years, with the sixth-generation TPU being announced last month . The AI chips made by market leader Nvidia and rival AMD are more general purpose.

Persons: Bernstein, Melius, —, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Nvidia, Wall, Broadcom, Melius, JPMorgan, Wall Street, VMWare, Google, Amazon, Microsoft, Marvell Technology, Marvell, AMD, CNBC

☆ Samsung Electronics’ workers in South Korea go on strike for the first time ever
▼ + stars: | 2024-06-07 | by ( Yoonjung Seo | Diksha Madhok | ) edition.cnn.com time to read: +2 min

Seoul CNN —A labor union at Samsung Electronics in South Korea said many workers went on strike Friday, marking the first such walkout in the smartphone and chipmaking giant’s 55-year history. The Nationwide Samsung Electronics Union (NSEU) said last week that its 28,000 members — just under a quarter of the company’s total workforce in the country — would stage a one-day strike on June 7, following failed negotiations over pay and bonus arrangements. A Samsung spokesperson told CNN that, “there is no impact on production and management activities” as a result of the one-day walkout. The vast majority of the world’s advanced microchips are made in just two places: Taiwan and South Korea. Taiwan’s industry is larger and more dominant, something South Korea is keen to challenge.

Persons: —, Son Woomok, Anthony Wallace, chipmaker Organizations: Seoul CNN, Samsung Electronics, Nationwide Samsung Electronics Union, CNN, Reuters, Samsung, SK Hynix, Micron Technology, Getty, Intel Locations: Seoul, South Korea, AFP, Taiwan

☆ Rivian redesigns all-electric R1 pickup and SUV, adds Nvidia chips and improves performance
▼ + stars: | 2024-06-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

In this article NVDARIVN Follow your favorite stocks CREATE FREE ACCOUNT2025 Rivian R1S RivianRivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday. Amid the most notable changes to the new vehicles is their computing power, which Rivian says delivers 10 times more performance than the previous system. The lower-priced vehicles are crucial to Rivian's expansion as sales of its current models have slowed amid a sluggish industrywide sales pace for electric vehicles. 2025 Rivian R1T and R1S RivianRivian said pricing for the second-generation R1S SUV will increase $1,000 from current models to start at $75,900, with top-end trimotor models starting around $106,000. Rivian said the vehicles also feature more luxurious, updated interiors as well as a fully redesigned software interface.

Persons: Rivian, RJ Scaringe, R1T, Rivian Rivian Organizations: Nvidia, Max Locations: Illinois, Georgia, The California

☆ EBay to drop American Express over fees, says customers have other options
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +3 min

Online marketplace behemoth eBay said it plans to no longer accept American Express , citing what the company says are "unacceptably high fees" and that customers have other payment options to shop online. It's a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. "After careful consideration, eBay has decided to no longer accept American Express globally effective Aug. 17 due to the unacceptably high fees American Express charges for processing credit card transactions," said eBay spokesman Scott Overland, in a statement. Overland said that eBay customers have become aware of new ways to pay for items, making payments more competitive than ever before, and AmEx was no longer a necessary partner for eBay. "We know that the vast majority of eBay customers are willing to use alternative payment options to continue enjoying buying and selling on our marketplace," Overland said.

Persons: It's, it's, Scott Overland, Overland, AmEx, cardmembers, Adam Isserlis, Steve Squeri Organizations: behemoth, American, American Express, Costco, eBay, Apple Pay, PayPal, Visa, Amazon, National Retail Federation, AmEx, Mastercard, Express Locations: U.S, Keefe

☆ OpenAI is facing controversy. Again.
▼ + stars: | 2024-06-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the latest controversy to embroil OpenAI amid a difficult few months for the startup . Their takeaway was simple: OpenAI wants to have it both ways regarding how it's perceived about safety and commercialization. It's structured as a "capped-profit" company governed by a nonprofit, and Altman doesn't hold equity directly in OpenAI. The result, the VC told me, is people feel OpenAI is talking out of both sides of its mouth. It doesn't help that some OpenAI employees joined when that split was closer to 80/20 and favored safety over business, they added.

Persons: —, we've, OpenAI Justin Sullivan, Chelsea Jia Feng, Anthropic signees, Scarlett Johansson, Elon, Madeline Berg, Sam Altman, Altman, Justin Sullivan, OpenAI, It's, Patrick McMullan, Jenny Chang, Rodriguez, Izzy Englander's, Griffin's, Marko Kolanovic, ANDREW CABALLERO, REYNOLDS, youngs, Mark Zuckerberg, Elon Musk, Keith Enright, Alyssa Powell, They've, Shopify, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, Business, Google, Millennium Management, Getty Images, Facebook, CNBC, BI, SpaceX Locations: OpenAI, Patrick, It's, Tesla, New York, London

☆ Intel CEO on Lunar Lake, Xeon 6, and strategy for its foundry business
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel CEO on new Lunar Lake, Xeon 6 chips, and how its foundry business can return to profitabilityPat Gelsinger, CEO of Intel, discusses the announcements the company made at COMPUTEX 2024 regarding the Lunar Lake CPU, Xeon 6 processors, and says he expects the "incredible pace of innovation" coming out of Intel's foundry business will eventually help the company return to profitability.

Persons: Pat Gelsinger Organizations: Intel

☆ Emails show Elon Musk diverted a $500 million shipment of Nvidia chips intended for Tesla to X instead
▼ + stars: | 2024-06-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Elon Musk redirected $500 million in AI processors from Tesla to X, CNBC reported. AdvertisementElon Musk diverted $500 million worth of AI processors meant for the carmaker, according to correspondence from Nvidia employees obtained by CNBC. Instead, he sent them to his social media platform X, the report, which was published Tuesday, said. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said, according to the report. "In exchange, original X orders of 12k H100 slated for Jan and June to be redirected to Tesla."

Persons: Elon, —, Tesla Organizations: CNBC, Service, Nvidia, Tesla, Business

☆ Nvidia could be set for a 30% correction as it faces 3 major headwinds, including waning demand and competition, says a senior investment researcher
▼ + stars: | 2024-06-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

"The company made a massive switch in its consumer mix," said Sandeep Rao, a senior researcher at Leverage Shares, an investment management company. As for competition, even if Nvidia's contenders appear weak, more entrants will grab market share. Beth Kindig, the CEO and lead tech analyst for the I/O Fund, estimates that AMD's market share could reach 20%. Nvidia and AMD have similar production costs since neither makes their GPUs but uses the same supplier, Taiwan Semiconductor (TSMC). "So AMD is a little bit behind in terms of performance," Rao said.

Persons: Sandeep Rao, corporates, Rao, Nvidia's, Blackwell, Rubin, AMD'sRadeon, Beth Kindig, Nvidia's Blackwell Organizations: Service, Apple, Microsoft, Business, Nvidia, Semiconductor, Nvidia Investors, AMD, Taiwan Semiconductor, Intel, Baidu Locations: China, India

☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
▼ + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +12 min

Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X

Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York

☆ Nvidia's 'Rubin' announcement is a clear commitment to the 1-year product cycle, says Apoorv Agrawal
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's 'Rubin' announcement is a clear commitment to the 1-year product cycle, says Apoorv AgrawalApoorv Agrawal, Altimeter Capital partner, joins 'Squawk Box' to discuss Nvidia's new line of 'Rubin' AI processors, state of the AI technology race, and more.

Persons: Nvidia's, Rubin, Apoorv Agrawal Apoorv Agrawal

☆ Nvidia's latest roadmap shows how it plans to keep the lead in the AI chip race
▼ + stars: | 2024-06-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

NVDA .SPX 1Y mountain Nvidia's stock performance over the past 12 months compared with the S & P 500. The fresh details Sunday underscore Nvidia's commitment to roll out a new version of its AI chip platform roughly every year, instead of the two-year cadence it used to follow. In a sign of the competition, Advanced Micro Devices , Nvidia's main rival in the booming AI chip market, also highlighted plans at Computex to release updated processors each year. The product announcements "continue to bolster" Nvidia's AI leadership position, Bank of America analysts wrote to clients Monday. The firm reiterated its price target of $1,500 per share and top-pick designation on Nvidia's stock.

Persons: Rubin, Blackwell, Jensen Huang, Taiwan —, Vera, Hopper, Grace, Vera Rubin —, what's, Goldman, Jim Cramer's, Jim Cramer, Jim, Sam Yeh Organizations: Nvidia, Devices, AMD, Microsoft, Blackwell, Smithsonian, Wall Street, Bank of America, CNBC, AFP, Getty Locations: Blackwell, Taiwan, Computex, Taipei

☆ Nvidia, AMD unveil next generation AI technology ahead of Computex in Taiwan
▼ + stars: | 2024-06-03 | by ( Wayne Chang | Laura He | ) edition.cnn.com time to read: +3 min

Taipei/Hong Kong CNN —Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. The Rubin platform will succeed the Blackwell, which supplies chips for data centers and was announced only in March. But competition is growing, with major competitors AMD (AMD) and Intel (INTC) introducing new products in an effort to challenge Nvidia’s dominance. The new chip will succeed the MI300 and feature more memory, faster memory bandwidth and better computer performance, Su added.

Persons: Jensen Huang, Rubin, Blackwell, Vera, Huang, ”, Richard Windsor, Lisa Su, ” Su, MI300X, Su, MI400, Patrick Gelsinger Organizations: Hong Kong CNN, Nvidia, AMD, Intel, National Taiwan University, Radio Free Mobile Locations: Taipei, Hong Kong, Taiwan, “, we’re, Computex

☆ AMD announces new AI chips amid intensifying competition with Nvidia, Intel
▼ + stars: | 2024-06-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products. Photographer: David Paul Morris/Bloomberg via Getty ImagesAMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel . During a keynote address, Su unveiled the Ryzen AI 300 series for next-generation AI laptops. And in partnership with Microsoft , these chips will power laptops equipped with the tech giant's AI chatbot Copilot. This comes less than two months after AMD's April announcement of new processors that can run AI workloads – the Ryzen Pro 8040 for laptops and the Ryzen Pro 8000 for desktops.

Persons: Lisa Su, David Paul Morris, Su, chatbot, workloads Organizations: Devices Inc, AMD, Bloomberg, Getty, Monday, Nvidia, Intel, Qualcomm, Microsoft Locations: San Jose , California, Taipei

☆ Nvidia dominates the AI chip market, but there's more competition than ever
▼ + stars: | 2024-06-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Mizuho Securities estimates that Nvidia controls between 70% and 95% of the market for AI chips used for training and deploying models like OpenAI's GPT. Nvidia's position in the AI chip market has been described as a moat by some experts. Founded in 2019, D-Matrix plans to release a semiconductor card for servers later this year that aims to reduce the cost and latency of running AI models. "Nobody can deny that today Nvidia is the hardware you want to train and run AI models," Fernando Vidal, co-founder of 3Fourteen Research, told CNBC. "The key is that there are a lot of options there," Su told reporters in December, when her company launched its most recent AI chip.

Persons: Jensen Huang, Huang, Sid Sheth, It's, that's, Fernando Vidal, Lisa Su, Su Organizations: Nvidia Corp, Nvidia, Technology Conference, Microsoft, Apple, Mizuho Securities, Intel, AMD, Bank of America, 3Fourteen, CNBC Locations: San Jose , California

☆ Nvidia's Jensen Huang breaks down 'CEO math'
▼ + stars: | 2024-06-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Nvidia's Jensen Huang explained 'CEO Math' ahead of Computex in Taiwan. AdvertisementThere's math, and then there's what Nvidia's Jensen Huang calls "CEO Math." "The more you buy, the more you save," Huang said ahead of Computex, an annual technology exposition held in Taiwan. "That's called CEO math. Huang explained the concept by describing why companies should invest in both graphics processing units (GPUs) and central processing units (CPUs).

Persons: Nvidia's Jensen Huang, Huang, —, That's Organizations: Service Locations: Computex, Taiwan

☆ Activist Elliott wants Texas Instruments to bolster free cash flow. An amicable solution may emerge
▼ + stars: | 2024-06-01 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

Texas Instruments is one of the most iconic semiconductor companies in the world, with a history dating back nearly a century. Over the years, Texas Instruments has differentiated itself with a commitment to manufacturing as a core competitive advantage. In either case, Elliott thinks the company can achieve $9.01 of free cash flow per share. The company's capex plan has decimated free cash flow per share and is building to a 50% excess capacity. Elliott's plan restores the free cash flow per share growth and still builds to a 30% or 39% excess capacity.

Persons: Elliott, It's, Ken Squire Organizations: Texas, Texas Instruments, 13D Locations: COOs, China, Taiwan, U.S, capex, Richardson , Texas

☆ Nvidia has one customer accounting for a fifth of revenue, and UBS has a guess on who it is
▼ + stars: | 2024-05-30 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Nvidia , the red-hot chipmaker that sells advanced processors to enable artificial intelligence technology, may have a customer bigger than anyone else. That could be Microsoft , UBS speculated in a note. The Wall Street bank pored over Nvidia's filings and estimated that Microsoft was its largest indirect customer, contributing to 19% of Nvidia's revenue in fiscal 2024. It leads UBS to its guess that one of the two could likely again be Microsoft. Nvidia has become so influential to the whole stock market that a good earnings report could unleash a wave of animal spirits that push the market to new heights.

Persons: Jensen Huang Organizations: Nvidia, Microsoft, UBS, CNBC, Meta

☆ Can Nvidia's astronomical growth last? One outperforming fund manager weighs in
▼ + stars: | 2024-05-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

For many investors, the million-dollar question is how far Nvidia can go or whether it can sustain its dramatic growth. Nick Griffin, chief investment officer at Munro Partners, has invested in Nvidia since 2019 — but even he is taken aback by the stock's astronomical run so far. Nvidia's outlook Griffin pointed to industry estimates that showed Nvidia is set to sell $100 billion of its AI accelerators in the next 12 months. Nvidia is currently the largest holding in Griffin's Munro Global Growth fund. Griffin also manages the Munro Concentrated Global Growth Fund and the Munro Global Growth Small and Mid Cap Fund.

Persons: Nick Griffin, CNBC's, Griffin, we've, there's, Munro Organizations: Nvidia, Munro Partners, Griffin's, Griffin's Munro Global, Fund Locations: Griffin's Munro

☆ China lifts ban on five Australian beef exporters
▼ + stars: | 2024-05-29 | by ( ) edition.cnn.com time to read: +2 min

Sydney —China has lifted bans on imports from five major Australian beef processing facilities, the Australian government said on Thursday, in the latest sign of improving relations between the two nations. The bans applied to certain abattoirs but did not affect others, which meant Australia was still able to ship beef to China. China was Australia’s second-biggest beef export market last year, receiving 240,000 tons worth around $1.6 billion, Australian trade data shows. They said China’s trade impediments at their height impacted Australian exports worth 20.6 billion Australian dollars ($13.6 billion). The reasons China gave for suspending the Australian beef processors were issues over labeling or contamination or cases of COVID-19 among their workers.

Persons: ”, Matt Dalgleish, Dalgleish, “, Penny Wong, Don Farrell, Murray Watt Locations: Sydney — China, Beijing, China, Australia, Canberra, United States

☆ Nvidia CEO Jensen Huang's net worth swells from $3 billion to $90 billion in five years
▼ + stars: | 2024-05-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024. Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday's rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia shares have more than doubled this year after tripling in 2023. OpenAI does most of its AI development on Nvidia GPUs.

Persons: Jensen Huang, Huang, OpenAI Organizations: Nvidia, Technology, Microsoft, Google, Meta Locations: San Jose , California

☆ Buying a piece of Nvidia is about to get a whole lot cheaper
▼ + stars: | 2024-05-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewBuying a share of Nvidia is about to get a lot cheaper. The microchip maker announced a 10-for-1 stock split in its first-quarter earnings on Wednesday. Nvidia's management said the goal of the stock split was to "make stock ownership more accessible to employees and investors." Chipotle approved a 50-for-1 stock split in April, saying it would make its shares "more accessible to employees as well as a broader range of investors." AdvertisementHe did so because Berkshire was acquiring a railway company, and he wanted its shareholders to be able to easily exchange their shares for Berkshire shares in a tax-free swap.

Persons: —, Price, Elon Musk's Tesla, Warren Buffett, it's Organizations: Service, Nvidia, Business, Dow, Big Tech, Apple, Microsoft, EV, Berkshire Hathaway's, Berkshire, Burlington Northern Locations: Berkshire

☆ Nvidia shares pop 10% to record high after forecast signals unwavering demand for AI chips
▼ + stars: | 2024-05-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia shares jumped more than 10% on Thursday after the company on Wednesday reported earnings that topped Wall Street estimates and showed that there's still ferocious demand for its artificial intelligence chips. First-quarter revenue came in higher than expected at $26.04 billion compared with the LSEG estimate of $24.65 billion. The company issued strong guidance, saying it expects $28 billion in revenue for the current quarter, beating the LSEG estimate of $26.61 billion. Shares passed $1,000 for the first time, reaching an all-time high of $1,051.96 during intraday trading, and are up about 111% this year. Nvidia on Wednesday announced a 10-for-1 stock split, with shares set to begin trading on a split-adjusted basis at market open on June 10.

Persons: Jensen Huang, there's, Bernstein's Stacy Rasgon, Jefferies, Blackwell Organizations: Nvidia, Intelligence, SAP Center, Wednesday Locations: San Jose , California

☆ More tech stocks are set to benefit from Nvidia's gain, according to analysts. Here's a lineup
▼ + stars: | 2024-05-23 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Bhattacharya said Super Micro is well-positioned with smaller cloud service providers that are expanding globally amid strong demand. SMCI YTD mountain Super Micro, year to date Taiwan Semiconductor also stands to gain from Nvidia's report, according to Bank of America analyst Brad Lin. Nvidia's strong forward guidance is a particularly good sign, Bank of America argued. Citigroup analyst Laura Chen told clients to expect "strong momentum to continue" at Taiwan Semiconductor following Nvidia's latest financial results. For the former, he listed Astera Labs , Credo Technology , Marvell Technology , Macom Technology Solutions and Monolithic Power Systems as likely winners given their high exposure.

Persons: Ruplu Bhattacharya, Bhattacharya, Supermicro, It's, FactSet, Brad Lin, Lin, Laura Chen, Dell, Asiya Merchant, Merchant, Tore Svanberg, Svanberg Organizations: Nvidia, Computer, Bank of America, Taiwan Semiconductor, Citigroup, Taiwan Semiconductor's, Citi, Dell, DELL, Technology, Marvell Technology, Macom Technology Solutions, Systems, Semiconductors, ON Semiconductor, Ambarella, Texas, Devices, Power Systems Locations: Taiwan, Taiwan Semiconductor's U.S

☆ Nvidia’s incredibly pricey shares are about to get much cheaper
▼ + stars: | 2024-05-22 | by ( Samantha Delouya | Clare Duffy | ) edition.cnn.com time to read: +3 min

CNN —Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors. Five years ago, an investor could have purchased Nvidia stock for less than $50 a share. Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10 smaller shares, effectively cutting the price of investing in the company. Nvidia shares rose as much as 4% in after-hours trading following the report. Still, some investors had raised questions ahead of Wednesday’s report about just how long Nvidia could keep the rally going.

Persons: Nvidia’s, ”, Thomas Monteiro Organizations: CNN, Nvidia, Microsoft Locations: China

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