DIRS.INFO The most relevant business & tech news

☆ Nvidia can rally another 30% because of its 'multi-year lead' in AI chips, Bank of America says
▼ + stars: | 2024-06-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nvidia 's head start in artificial intelligence chipmaking could boost its shares by another 30%, according to Bank of America. Nvidia shares have already risen 29% since the end of March, pushing its year-to-date gain to 135%. Bank of America's Arya reaffirmed his buy rating on shares and a $1,500 price target, implying 29% upside from Tuesday's close. He views Nvidia as best positioned "to enabling the $3 trillion IT industry towards delivering AI services." NVDA YTD mountain Shares this year While giving the Jensen Huang-led company a market value approaching $2.9 trillion, Nvidia's surging share price may create volatility.

Persons: Blackwell, Vivek Arya, Bank of America's Arya, Jensen Huang, Arya Organizations: Nvidia, Bank of America, AMD, Intel, Bank of America's, Blackwell, Grace

☆ Nvidia surpasses Apple to become the second-largest public company in the US
▼ + stars: | 2024-06-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —Nvidia, Wall Street’s favorite artificial intelligence darling, is continuing to swell to staggering heights. Nvidia is now the third company in the US, behind Apple and Microsoft, to cross that $3 trillion mark. Shares of the Santa Clara-based chipmaker rose 5.2% to about $1,224.4 a share, while Apple shares ended the session up 0.8% at $196. Earlier this week, Jensen Huang, CEO of Nvidia, said that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. Nvidia announced a 10-for-1 stock split last month, making buying shares in the red-hot semiconductor company more accessible for individual investors.

Persons: Wall, nudging, Apple’s, Jensen Huang, Rubin, Blackwell, ”, Angelo Zino Organizations: New, New York CNN, Nvidia, Apple, Microsoft, Tech, CFRA Research Locations: New York, Santa Clara

☆ Jensen Huang signed a woman's chest. Yes, you read that right.
▼ + stars: | 2024-06-05 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang signed autographs, including a woman's top, at a Taiwanese tech event. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In a crowded booth at a Taiwanese tech conference on Tuesday, the Nvidia CEO wore the same glasses and Tom Ford jacket he sported for Sunday night's keynote address. He signed Macbooks, chips, and even a woman's top, just above her cleavage.

Persons: Jensen Huang, —, Tom Ford Organizations: Nvidia, Service, rockstar, Business Locations: Taiwan

☆ I've never seen anyone as influential to the value of U.S. stocks as Jensen Huang, says Jim Cramer
▼ + stars: | 2024-06-05 | by ( Jim Cramer | ) 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 EmailI've never seen anyone as influential to the value of U.S. stocks as Jensen Huang, says Jim Cramer'Mad Money' host Jim Cramer looks at Nvidia's impact on the market as the stock hits another record close.

Persons: I've, Jensen Huang, Jim Cramer

☆ Jim Cramer talks the rise of Nvidia and impact of CEO Jensen Huang
▼ + stars: | 2024-06-05 | by ( Jim Cramer | ) 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 EmailJim Cramer talks the rise of Nvidia and impact of CEO Jensen Huang'Mad Money' host Jim Cramer looks at Nvidia's impact on the market as the stock hits another record close.

Persons: Jim Cramer, Jensen Huang Organizations: Nvidia

☆ While new electric vehicle sales are slowing, used sales are ramping up
▼ + stars: | 2024-06-04 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Sales of new electric vehicles have started to slow, but the opposite is happening with used EVs. The used car sales website Carvana saw its used EV sales more than double since last year. While increases in used EV sales are huge, they still make up a small portion of overall used vehicle sales. Used EVs still cost more, on average, than used gas-powered vehicles, but they cost a lot less than new EVs. While prices for new EVs average around $63,000, prices for used ones average around $36,000, according to Cars.com.

Persons: EVs, Carvana, wasn’t, Price, Cars.com, Truecar, “, who’ve, ”, Matt Jones, ” Manheim, “ We’ve, it’s, Grace Huang, we’ve, Tesla, Jones, Rebecca Lindland, Courtney Vaughn, “ I’m, Lindland Organizations: CNN —, EV, TrueCar, Cox Automotive, Cox, Cars.com, Chevrolet, Hyundai, Hyundai Kona EV, US Department of Locations: Georgia, New York, California, ”

☆ Copper and this related stock set to make another run at the highs, according to the charts
▼ + stars: | 2024-06-04 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Back in April we covered the breakout in Southern Copper (SCCO) from $116 a share. I think it can hold that support again and, along with underlying copper futures, mount another attack on the highs. Copper demand just recently exceeded 25 million metric tons this year and with the explosion in AI and with the move towards clean energy, copper demand is expected to reach 40 million metric tons in the next 15 years. Turning to our focus stock, Southern Copper (SCCO), the chart is also pulling back into a very similar correction with anticipated support in the $115-$105 zone. Southern Copper beat their top and bottom line earnings estimates for Q1 in April, and looking ahead the growth is expected to continue.

Persons: Jensen Huang, We're, Todd Gordon, Gordon, SCCO Organizations: Nvidia, Elliott, Edge, . Southern, Inside Edge, Inside Edge Capital Management Locations: South America, China, .

☆ 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 CEO Jensen Huang says robots are the next wave of AI — and 2 kinds will dominate
▼ + stars: | 2024-06-03 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang highlighted robots — again — at a Taiwan tech conference Sunday. The Nvidia CEO paraded nine human-like robots on stage earlier this year. He highlighted them again in a Sunday speech at a Taiwan tech conference, saying that two kinds of robots in particular will be "very high volume." "The next wave of AI is physical AI. The factories will orchestrate robots and those robots will be building products that are robotic."

Persons: Jensen Huang, —, Huang Organizations: Nvidia, Service, Business Locations: Taiwan

☆ 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

Citi double upgraded Best Buy to buy from sell, and its new price target indicates upside of 18%. MRVL YTD mountain MRVL year to date — Lisa Kailai Han 6:16 a.m.: Bank of America sticks to Nvidia as a top pick with 36% upside Nvidia remains a top pick for Bank of America. He also maintained his price target of $1,500 and named Nvidia a top pick following CEO Jensen Huang's keynote speech at the Computex expo this past weekend. Arya's price target implies that Nvidia stock could rise 36.8% from here, adding to its whopping 121% year-to-date rally. — Lisa Kailai Han 5:46 a.m.: Citi double upgrades Best Buy to buy rating from sell There's a rosy outlook for Best Buy ahead, according to Citi.

Persons: Kimberly, Clark, Goldman Sachs, Toshiya Hari, Hari, Marvell's, Lisa Kailai Han, Vivek Arya, Jensen, Arya, — Lisa Kailai Han, Piper Sandler, Masimo, Jason Bednar, Bednar, MASI, Steven Zaccone, Nik Modi, Modi, Fred Imbert Organizations: CNBC, Citi, RBC, Bank of America, Nvidia, Marvell Technology Marvell Technology, Enterprise Networking, Marvell, Sound, Kimberly, Clark Investors, RBC Capital Markets Locations: Friday's, Kimberly, KMB

☆ 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's Jensen Huang was focused on making it 'more than a GPU company,' advisory firm says
▼ + stars: | 2024-06-03 | 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 EmailNvidia's Jensen Huang was focused on making it 'more than a GPU company,' advisory firm saysDaniel Newman, CEO of The Futurum Group, discusses Nvidia and artificial intelligence.

Persons: Nvidia's Jensen Huang, Daniel Newman Organizations: Nvidia

☆ Why the 'bad news is good news' trend didn't work with Monday's economic data
▼ + stars: | 2024-06-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Dell , Super Micro , Vertiv , and Club stock Eaton all fell. Utilities that fulfill the growing power demands of AI data centers, such as Vistra and Constellation Energy Corp , were also lower. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Industrials, —, Eaton, Dell, Jensen Huang, we're, Ferguson, Jim Cramer's, Jim, Mauricio Palos Organizations: CNBC, Institute for Supply, Federal Reserve, Utilities, Constellation Energy Corp, Nvidia, Body, Jim Cramer's Charitable, Eaton Corp, Bloomberg, Getty Locations: San Luis Potosi, Mexico

☆ Cramer cites 2 stocks as great buys for new investors. Analysts see one climbing 40%
▼ + stars: | 2024-06-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "We've got a deflationary set up this morning," Jim Cramer said Monday. For investors who don't own Club stock Stanley Black & Decker , Jim said it's also a great buy at these levels. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, —, Jensen Huang, We've, Jim, Stanley Black, Decker, it's, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Treasury, Melius Research, Broadcom, Stanley, Federal Reserve

☆ 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

☆ A juggernaut of the stock market's growth has hit a wall — buy these stocks instead
▼ + stars: | 2024-06-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.

Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, —, Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica

☆ 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 reveals new chip named after an astronomer who discovered dark matter
▼ + stars: | 2024-06-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang revealed the Rubin platform at Computex in Taipei. The Rubin, named after astronomer Vera Rubin, comes just months after Nvidia unveiled Blackwell. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . CEO Jensen Huang hesitantly revealed Rubin, the company's latest AI platform, at the Computex conference in Taipei on Sunday. The announcement comes less than three months after Nvidia unveiled its predecessor, the Blackwell chip.

Persons: Jensen Huang, Rubin, The Rubin, Vera Rubin, Blackwell, —, Jensen Huang hesitantly, Huang didn't Organizations: Nvidia, Service, Sunday, Business Locations: Computex, Taipei

☆ China’s growing e-commerce market is creating a new set of winners
▼ + stars: | 2024-06-02 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

"Improving domestic ecommerce market share should lead to better monetization eventually," Yao said. The investment firm expects Douyin to match PDD's market share of 21% next year, and surpass it by reaching 22% in 2026. Tencent's WeChat Video Account platform is expected to retain about 2% to 3% of GMV market share through 2026, the Goldman analysis said. The video streaming platform last month reported e-commerce GMV grew by 28.2% year-on-year in the first quarter to 288.1 billion yuan ($40,55 billion). The firm forecasts Kuaishou's e-commerce GMV revenue will grow by 25% this year, although livestreaming revenue — which has accounted for about a third of total revenue — is expected to drop due to a high base.

Persons: James Yang, Bain, Joe Tsai, Emily Tan, Yang, Alibaba, Goldman Sachs, Ronald Keung, David Ma, China's, Morgan Stanley, Eddy Wang, Kenneth Fong, JD, David Beckham, Alex Yao, monetization, Yao, Tmall's GMV, Douyin, Alibaba's, Tencent's, Goldman, Sophie Huang, — CNBC's Michael Bloom Organizations: Bain and Company, PDD Holdings, Goldman, UBS, JPMorgan China, ByteDance, Hong Locations: China, Hong Kong, Asia, U.S, Alibaba, 2Q24, 2Q24E

☆ Nvidia announces new AI chips months after latest launch as market competition heats up
▼ + stars: | 2024-06-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

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. 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. The Rubin chip platform will have new GPUs, the crucial graphic processing technology that helps train and launch AI systems.

Persons: Jensen Huang, Rubin, Blackwell, Huang, Vera Organizations: Nvidia Corp, Nvidia, Technology Conference, Sunday, quicken, AMD, Intel, Companies, Microsoft, Google Locations: San Jose , California, Taipei, we're

☆ Nvidia’s billionaire founder: The No. 1 thing I believe today that my younger self wouldn’t understand
▼ + stars: | 2024-05-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Jensen Huang used to worry about not having enough time to accomplish everything he wanted. These days, the billionaire Nvidia CEO and co-founder wishes he hadn't worried so much. Huang's younger self would probably disagree with him, he added — but you should be able to do everything you want if you "prioritize your time really carefully." Be strategic about identifying and focusing on the most important things that need your attention at work and at home, Huang advised. Huang joked about skipping out on sleep in order to find more time in a 2003 speech at Stanford University.

Persons: Jensen Huang, Huang Organizations: Nvidia, Microsoft, Business, Stanford University

☆ Nvidia's Jensen Huang receives a rockstar reception in Taiwan amid a record high stock market
▼ + stars: | 2024-05-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewNvidia cofounder and CEO Jensen Huang is in Taiwan this week, where he's getting rockstar reception and boosting the stock market. The drills started on Thursday, but Taiwan's stock market was little changed over the period. "In this case, the AI equity theme, physical investment in AI, and the wider upturn in electronic component demand are driving robust Taiwanese growth and the strong stock market performance," wrote Green. He added that an outright invasion of Taiwan by China is "very unlikely" due to high military and economic risk. "If the macro backdrop is positive and China remains far from achieving 'fortress-like' economic conditions, future sell-offs may offer attractive buying opportunities," Green wrote.

Persons: —, Jensen Huang, Huang, Li Xi, Morris Chang, Lisa Su —, Pat Gelsinger, Cristiano Amon, Rene Haas, Rory Green, It's, Green Organizations: Service, China's People's Liberation Army, Business, Local, rockstar, Asus, AMD, Qualcomm, Semiconductor, PLA, Investors, Philadelphia Stock Exchange, Nvidia Locations: Taiwan, China, Beijing, TSMC, Taipei, Taiwan's, GlobalData.TS, Ukraine, Russia

☆ Nvidia will be key to market's direction as Wall Street heads into the summer with May jobs report on deck
▼ + stars: | 2024-05-31 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Nvidia is the key to how stocks will perform in the next few months as investors head into a seasonally weak period for markets, with the macroeconomic picture once again a center of attention. Stocks capped a winning month in May after a strong earnings season and signs of easing inflation buoyed investor optimism. .VIX YTD mountain CBOE Volatility Index In fact, the CBOE Volatility Index, known as Wall Street's fear gauge, is currently at 14. The broad market index was last around 5,220. Traders will have to rely on macroeconomic data for the next several weeks, including the May jobs report that's on deck next Friday.

Persons: Stocks, what's, Olivier Sarfati, Sarfati, Jensen Huang's, Josh Brown, Jonathan Krinsky, Jeff deGraff, CNBC's, deGraff, Rob Ginsberg, JC O'Hara, Roth, Dow Jones, Thomas Urano, Jobs, Cook Organizations: Nvidia, Nasdaq, Dow Jones, Ritholtz Wealth, Semiconductors, VanEck Semiconductor, Macro, Wolfe Research, Advisory, PMI, Manufacturing, Hewlett Packard Enterprise, Body, Services PMI, Labor, Girls Global, University of, District of Columbia, Consumer Credit Locations: Smucker, Washington

☆ 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

Search resuls for: "huang"

25 mentions found