Musk fires up his power-hungry supercomputer, surprising his neighbors
In a sprawling factory in South Memphis, Tennessee, Elon Musk’s AI startup xAI recently turned on its new “Colossus” supercomputer. Powered by 100,000 H100 GPUs , the supercomputing cluster was comple...
Taiwan is riding AI and iPhones to a boom time
Exports from Taiwan, one of the great gears in the global tech machine, are booming. They soared 16% in August compared to the prior year, as demand for electronic equipment and semiconductors continu...
Justice Department antitrust investigation into Nvidia gains momentum: report
The Justice Department has issued subpoenas to Nvidia and other firms as a recently disclosed antitrust investigation appears to be gaining momentum, Bloomberg reports. The report comes a month after ...
Market wrap: S&P 500 hits the skids; semis fall by most since 2020
The S&P 500 was down 2.1% on Tuesday, its largest daily drop since the global market rout on August 5. The tech-heavy Nasdaq 100 slid 3.2%, while Russell 2000 lost 3.1%. The first trading day after La...
What happens if Nvidia employees hit their “number?”
In case you missed it, Nvidia had their quarterly earnings report yesterday , and the semiconductor juggernaut recorded $30 billion in revenue and $16.9 billion in net income as big tech companies con...
It’s been 2,342 trading days since Nvidia and the Nasdaq 100 diverged like this
The 2024 stock market has, for all intents and purposes, belonged to Nvidia . The chipmaker powering the AI boom has moved in the same direction as the S&P 500 on more than 70% of trading days this ye...
Nvidia is the Bo Jackson of the stock market
It’s hard to do it all; to be both fast and strong, traditional and modern, good at baseball and football. Companies are similar. At any one time they tend to offer investors one of two things: profit...
The real losers from Nvidia’s earnings report are options buyers
If you were punting on Nvidia using short-term options heading into this earnings report, it doesn’t really matter whether you were bearish or bullish: so far, you may be poised to lose either way. Th...
How Nvidia dethroned Tesla to become Wall Street’s most traded stock
All eyes are on Nvidia today, as the best performing stock in the S&P 500 in 2024 so far (+159% year-to-date) prepares to release its Q2 earnings. Those earnings have become a phenomenon, not just bec...
Some of the craziest charts in market history all have one thing in common: Nvidia
Some market phenomena are hard to put into words. This is especially true in Nvidia’s case, where it’s worth letting the charts do the talking. Both Wall Street traders and retail investors who have r...
Smuggling banned Nvidia AI GPUs to China is a big business
The feverish competition to train ever-more-powerful AI models has led to the world’s top tech companies to spend billions of dollars hoarding powerful H100 GPUs. But US export controls prevent the H1...
Even an $8.5 billion government windfall couldn’t save Intel
Over the last 20 years or so, Taiwan Semiconductor (TSMC) has become the global leader in chip manufacturing, now controlling roughly 60% of the semiconductor foundry market. Foundries are 3rd-party c...
Nviable earnings: Nvidia is the company of the moment
All eyes on me Investors will intensely scrutinize the results of Nvidia after market close today, as one of the most hotly-anticipated releases in recent history will reveal whether the chip giant c...
Nvidia: It's hard to match the chipmaker's current growth
No more games On Monday, we previewed the Nvidia results, modestly skeptical as to whether the best-performing stock in the entire S&P 500 Index would be able to live up to the lofty forecasts invest...
Great expectations: Nvidia has driven the stock market higher, but can it live up to the hype this week?
Great expectations For much of this year, AI has been the driving force behind much of the positive stock market narrative. Now, that optimism is set to be tested, as Nvidia, the best performing stoc...
Chip-for-tat: Why Micron is at the center of the latest US-China flashpoint?
Chip-for-tat The Cyberspace Administration of China announced this week that key infrastructure firms would be banned from purchasing chips manufactured by Micron Technology , an Idaho-based company,...
Samsung slips: The world's largest smartphone maker is having a difficult year
Samsung expects its quarterly profit to fall some 96% in the first 3 months of this year, as sales dropped and demand slowed for the world's biggest maker of televisions, tablets and smartphones. Sams...
Buffett's buying: Berkshire Hathaway is investing again
Berkshire buyin' On Monday, iconic investor Warren Buffett announced that his firm Berkshire Hathaway had purchased a $4.1bn stake in Taiwanese chipmaker TSMC during the last few months. Known to hav...
Tesla delivers: Tesla had a good quarter, despite the global chip shortage
That Tesla has announced its highest ever number of deliveries, up 73% on last year, is quite an impressive feat given the global shortage of computer chips. That shortage, and other supply chain issu...
Europe's largest tech co: After years of growth ASML has found itself in the right place, at the right time
With a market cap of more than €265bn ($300bn), ASML has a good chance of being the biggest tech company you've never heard of. ASML is the world's leading supplier to the computer chip industry, grow...