Tag Archives: NVIDIA

Apple is on the verge of reaching a historic $4 trillion market capitalization, overtaking rivals Nvidia and Microsoft in the race to this monumental milestone. The tech giant’s stock has surged by approximately 16% since early November, adding an impressive $500 billion to its market value, now standing at around $3.85 trillion.

Hon Hai Precision Industry Co., widely known as Foxconn, is set to significantly increase its server capacity in response to soaring demand for Nvidia Corp. chips, which are crucial for artificial intelligence (AI) development. The company's chairman, Young Liu, described the demand for the latest Blackwell chips as "crazy," aligning with comments made by Nvidia's Chief Executive Officer Jensen Huang regarding the growing AI investment landscape.

Nvidia is developing a new version of its flagship AI chip, specifically designed for the Chinese market, according to sources familiar with the matter. The chip, tentatively named the "B20," is expected to be launched in collaboration with Inspur, a major distributor partner in China.

In a significant milestone, Nvidia has overtaken Apple in market capitalization, solidifying its position as the second-most valuable public company in the United States, trailing only behind Microsoft. The surge in Nvidia's market value pushed it past Apple, with Nvidia closing at a market cap of $3.019 trillion compared to Apple's $2.99 trillion at market close.

At Intel's recent Vision event, the tech giant introduced its latest innovation in artificial intelligence (AI) processing, the Gaudi 3 chip. This unveiling marks Intel's strategic move to challenge Nvidia's stronghold in the semiconductor market, particularly in AI-powered applications.

NVIDIA collaborates with Infosys to establish an AI Center of Excellence, aiming to train and certify 50,000 Infosys employees in NVIDIA's AI technologies. The partnership focuses on leveraging generative AI applications and solutions to enhance enterprise productivity and develop AI-powered solutions in various sectors.