Nvidia’s new chip and software announcements will help determine whether Nvidia can maintain its leadership position as the dominant seller of the tools needed to fuel the past year’s frenzy around AI
kicks off its annual developer conference on Monday, with investors focused on new chip announcements from Chief Executive Jensen Huang in an afternoon keynote address.
Nvidia’s market share is expected to drop several percentage points in 2024 as new products from rivals such as Intel and Advanced Micro Devices hit the market. Though Nvidia is widely regarded as a chip designer, the company has built a significant battery of software products as well, and Huang is expected to unveil a swath of new products related to software on Monday. Nvidia said earlier this year its software and services business had reached an annual run rate of $1-billion by the end of the company’s last fiscal year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Stocks Slip as Investors Await Nvidia Earnings, Fed MinutesUS stocks slipped on Wednesday as investors counted down to high-stakes earnings from AI darling Nvidia (NVDA) and the release of Federal Reserve minutes which reiterated the central bank's focus on not cutting interest rates too soon.
Read more »
Stock market today: S&P, Dow hit record highs as Nvidia ignites global rallyStocks powered higher as investors celebrated Nvidia's blowout results, which beat sky-high expectations and revived the AI frenzy.
Read more »
How Solana stands to benefit from NVIDIA and the AI hypeThe NVDA meme token on the Solana network experienced an astounding surge, propelled by speculative enthusiasm.
Read more »
Markets trade mixed as Nvidia hype fades, inflation worries returnThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Nvidia is sued by authors over AI use of copyrighted worksBrian Keene, Abdi Nazemian and Stewart O’Nan said their works were part of a dataset that helped train NeMo AI platform
Read more »
Nvidia Heads to Biggest Drop Since August After 19% Six-Day GainNvidia Corp. posted its biggest one-day drop in nine months as traders took profits following a rally that saw the stock gain more than 19% in six consecutive trading days.
Read more »