Nvidia

Nvidia says it wasn't served a subpoena in an ongoing Justice Department investigation into the chip-making giant, contradicting an earlier report.But in a statement Wednesday afternoon, Nvidia said it "inquired" with the Justice Department and didn't get a subpoena."We have inquired with the US Department of Justice and have not been subpoenaed," the company told…

And on Tuesday, its stock slid 9.5%, shedding $278.9 billion in valuation — the biggest single-day loss ever recorded by a US company.The wipeout is tied to concerns, including the health of AI and the US economy.A metric for manufacturing jobs, released on Tuesday, shrank for the third consecutive month, and both major indices took…

The DOJ subpoenaed Nvidia in its antitrust probe into the chipmaker.Officials are investigating whether Nvidia's success hurts buyers who want to use other providers.A spokesperson for Nvidia declined to comment on the matter. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking…

Barcroft Media | Getty Images China’s efforts to match US computing power in artificial intelligence are being hampered by bug-ridden software, with customers of leading AI chipmaker Huawei complaining about performance issues and the difficulty of switching from Nvidia products. The Chinese technology giant has emerged as the frontrunner in the race to develop a…

In AI hardware circles almost everyone is talking about inference.Nvidia CFO Colette Kress said on the company's Wednesday earnings call that inference made up roughly 40% of Nvidia's $26.3 billion in second-quarter data center revenue. AWS CEO Matt Garman recently told the No Priors podcast that inference is likely half of the work done across…

The value of the tech giant at the center of the generative AI boom rocketed almost 800% from the start of 2023 to its peak in June as institutional and retail investors alike bet that its chip business would remain indispensable to companies building powerful AI models. It's now worth more than $3 trillion and…

Nvidia CEO Jensen Huang remains optimistic about the revenue prospects for its forthcoming Blackwell chip despite a snag in the product's rollout.The technology company officially logged another successful quarter with its Wednesday earnings report, beating revenue estimates, earnings-per-share, and third-quarter guidance.Regardless of Nvidia's wins, the Wednesday earnings report and subsequent call left some analysts wanting…

It's hard to be the king of AI.Nvidia showed that AI demand is still high, more than doubling its revenue for this same period last year and projecting $32.5 billion in revenue for the next quarter.But that came as no surprise to industry experts on Wednesday.As large tech companies continue to inject billions of dollars…

Everyone on Wall Street wants to know whether massive AI investments will really pay off.Nvidia CEO Jensen Huang tried his best during Wednesday's closely watched earnings call, but he couldn't expunge these doubts entirely.The company's third-quarter revenue forecast didn't help. It missed so-called whisper numbers that represent the most bullish expectations. That left Nvidia stock…

It's common to head to the bar to watch a hotly anticipated football game. After all, it's a chance to soak in the heightened atmosphere with other sports fans.Interest in Nvidia's quarterly earnings on Wednesday has reached such a fever pitch that it's even attracting an unofficial watch party at an NYC bar.The idea started…