… The chipmaker is a key supplier to Nvidia, whose boss Jensen Huang said the recent slide in tech stocks presented a buying opportunity for investors. …
… The chipmaker is a key supplier to Nvidia, whose boss, Jensen Huang, said the recent slide in tech stocks presents a buying opportunity for investors. …
… Shares in Marvell Technology (MRVL.O), opens new tab soared 32.5% to a record high after Nvidia (NVDA.O), opens new tab boss Jensen Huang called the chipmaker the next trillion dollar company at the Computex week in Taipei. …
… omputers as it moves into the consumer market for devices integrated with artificial intelligence (AI) technology. “This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone,” Nvidia’s chief executive Jensen Huang …
Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. …
… It forecasts spending on AI infrastructure to be between $3tn and $4tn a year by the end of this decade. “Demand has gone parabolic,” chief executive Jensen Huang told analysts on a conference call. …
… Musk and Nvidia chief Jensen Huang also stayed close to Trump during the welcome ceremony, symbolising how central electric vehicles, AI and semiconductors have become to the US-China relationship. …
… The US president was accompanied byhis son Eric Trump and a slew of US tech industry titans, includingTesla’s Elon Musk and Nvidia’s Jensen Huang among them. …
Asian stock markets suffered steep losses on Monday as investors grew concerned about overvalued artificial intelligence investments and a rise in oil prices following renewed Iran-Israel strikes. US markets recovered some losses with the Nasdaq closing up 0.9% and the S&P 500 up 0.3%, though South Korea's Kospi index fell 8.3% and Japan's Nikkei dropped 3.9%.
Asian stock markets suffered steep losses on Monday as investors grew concerned about overvalued artificial intelligence investments and a rise in oil prices following renewed Iran-Israel strikes. US markets recovered some losses with the Nasdaq closing up 0.9% and the S&P 500 up 0.3%, though South Korea's Kospi index fell 8.3% and Japan's Nikkei dropped 3.9%.
US stock markets recovered modestly on Monday after Friday's losses, but Asian markets fell sharply—South Korea's Kospi index closed 8.3% lower and Japan's Nikkei fell 3.9%—amid a technology stock sell-off and renewed Middle East tensions that raised oil prices and inflation concerns.
U.S. crude futures jumped around 2% to $95.40 a barrel as fresh hostilities flared in the Gulf after U.S.-Iran peace talks stalled, with Iran firing missiles at Kuwait and Bahrain that were thwarted or failed, while AI-driven stock rallies in Asia pushed Taiwan and Japan indexes to record highs.
Nvidia has announced the RTX Spark, a new chip for personal computers designed for artificial intelligence applications, which will be included in Windows PCs from manufacturers including Lenovo, HP, Dell, Microsoft Surface, Asus, and MSI, set for release in autumn.
Shares in Samsung Electronics and LG Electronics rallied on Monday following expectations of meetings between Nvidia CEO Jensen Huang and Korean executives to discuss AI and robotics partnerships. South Korean semiconductor exports surged to a record high in June amid the AI boom.
Huawei said its high-end chips will have transistor density equivalent to 1.4-nanometre processes in five years, as China seeks to counter U.S. sanctions on semiconductor technology. The company unveiled a new "Tau Scaling Law" principle at a Shanghai semiconductor symposium that focuses on reducing signal and data transit times through chips rather than making transistors smaller.
US chip giant Nvidia reported record quarterly sales of $81.6bn and net income of $58.3bn, with first-quarter revenue up 85% year-on-year, yet shares fell 1.6% in after-hours trading as analysts suggest investors have become accustomed to stellar results and cite growing competition concerns.
US President Trump visited Beijing with a business delegation and said he struck "fantastic trade deals" with Chinese leader Xi Jinping, though the two-day summit produced warm rhetoric more than concrete agreements. Trump said China agreed to order 200 Boeing planes, but Beijing did not confirm major purchases.
US President Donald Trump and Chinese President Xi Jinping held talks for over two hours in Beijing, with the White House calling the meeting "highly productive," though no sweeping trade breakthrough or major business agreements emerged. Xi warned that if US-China relations are mishandled, the two nations could collide or come into conflict.
US President Donald Trump has arrived in Beijing for a two-day summit with Chinese President Xi Jinping, where discussions are expected to cover tariffs, technology competition, the war in Iran, and America's relationship with Taiwan. Trump was greeted by Chinese Vice-President Han Zheng and accompanied by US tech industry executives including Elon Musk, Jensen Huang, Tim Cook, Larry Fink, and Kelly Ortberg.