NVIDIA company headlines, earnings, strategy, leadership, and market-moving business updates.
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S&P 500 futures rose 0.5% and Nasdaq 100 futures gained 1% as investors looked to a rebound in the artificial-intelligence trade after Nvidia reported solid results for its second quarter.
THE APEX TIMES
THE APEX TIMES
Nvidia Chief Executive Jensen Huang told reporters he is not personally tracking OpenAI’s next-generation chip named “Jalapeño,” arguing that many AI hardware projects get started and later cancelled, while Nvidia remains focused on its platform for accelerating large-scale AI workloads.
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A post-earnings reaction to Nvidia’s latest print sent the stock higher after the market close, with commentary pointing to strong forward expectations for AI-related revenue growth.
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A reported agreement would put Nvidia’s chips and AI software ecosystem closer together, while giving the company a new foothold in cloud and developer distribution through the open-source AI hub Hugging Face.
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Even after Nvidia’s latest results helped power a rally, some crypto-linked prediction-market participants are not convinced the stock can finish the month above $250.
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A new acquisition plan reported by The Information would give NVIDIA control of Hugging Face, a widely used platform in the machine-learning community, as the chipmaker seeks to broaden beyond hardware.
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A new earnings update points to rapid growth in Nvidia’s data center business, alongside guidance for the next quarter, though some details are still not spelled out in the reporting.
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With Nvidia’s second-quarter results fueling a fresh round of debate, media commentators Jim Cramer and Ross Gerber argued the AI chip leader’s momentum is likely to extend, even as some investors focus on profitability metrics.
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Nvidia reported Q2 revenue of $96.2 billion, more than doubling year over year, as data-center sales surged to $89 billion. Still, the company’s CEO indicated that sustaining outsized growth will be challenging.
