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The Latest Breaking News from Nvidia

Troubled AI Processor Developer Graphcore Finds a Buyer: SoftBank

After months of searching for a buyer, troubled U.K.-based AI processor designer Graphcore said on Friday that it has been acquired by SoftBank. The company will operate as a wholly owned subsidiary of SoftBank and will possibly collaborate with Arm, but what remains to be seen what happens to the…

AnandTech

Meta Stock Falls For Second Day. What's Behind Recent Slide?

Meta Platforms stock is down for a second straight day Friday amid a tech sell-off and negative analyst commentary.

Investors Business Daily

The blackmarket for Nvidia H100, A100 AI GPUs is exploding — US-imposed export sanctions cause Chinese buyers to come up with imaginative techniques to get their hands on precious cargo

Chinese buyers are smuggling advanced Nvidia chips into the country in defiance of US-imposed export sanctions.

TechRadar

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Intel CEO Optimistic On Company's $1 Billion Cumulative Software Revenue By 2027

In 2021, the year that its current CTO was brought in from VMware by CEO Pat Gelsinger to help steer the company's software strategy, Intel made more than $100 million in software revenue.

International Business Times

AI Chip Stock Sell-Off Was 'Wake-Up Call,' Analyst Says

Nvidia stock and other AI chip stocks rebounded Friday after Thursday's brutal sell-off, which one analyst described as a "wake-up call" for artificial intelligence plays.

Investors Business Daily

Softbank takes over AI processor designer Graphcore

Softbank acquires Graphcore, an AI processor developer, as it preps a push into AI datacenters.

Tom’s Hardware

Senator calls out Big Tech's new approach to poaching talent, products from smaller AI startups

U.S. Sen. Ron Wyden is calling for action against a new practice big technology companies are using to swallow up the talent and products of innovative AI startups without formally acquiring them

The Independent UK

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Dow Jones Rises On Hot Inflation Data; Tesla Stock Downgraded To Sell

Stock Market Today; The Dow Jones rose Friday on hot inflation data. Tesla stock was downgraded to a sell rating.

Investors Business Daily

Tesla And Nvidia Investors Dangerously Delude Themselves

Stock prices anticipate the future. But such wishful thinking is reaching some extreme levels in the S&P 500.

Investors Business Daily

‘Bond King’ Bill Gross says Tesla is the new meme stock with ‘sagging fundamentals’

Bill Gross said on X: "There seems to be a new meme stock every other day now. Most are pump and dump."

Fortune

UK risks tech ‘talent drain’ to US if pension funds fail to back sector

Co-founder of British chipmaker Graphcore, which has been bought by Japan’s SoftBank, issues warning

The Guardian - UK

Pound nears one-year high; Japan’s SoftBank buys UK chipmaker Graphcore – as it happened

Sterling boosted by UK growth data and weaker US inflation; Graphcore once touted as rival to Nvidia but has struggled to secure investment

The Guardian - UK

Analysts revamp AMD stock price target on AI deal

This is what could happen next to AMD shares.

The Street

Dow Jones Futures Rise; JPMorgan, Wells Fargo Fall On Earnings, Tesla Downgraded To Sell

Futures were mixed as JPMorgan earnings and especially Wells Fargo fell on earnings. Tesla tumbled Thursday and got a sell rating Friday.

Investors Business Daily

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Fortune

The Magnificent 7 stocks may soon yield to the 'Other 493'

"Growth is broadening out and so should the market."

Kiplinger

Stock Market Today: Markets Mixed as Rising Rate-Cut Bets Boost Small Caps

A surprisingly soft inflation report sparked a rotation from mega-caps into riskier names.

Barchart

Missed Nvidia? 2 Semiconductor Stocks That Could Gain From The AI Frenzy

These two key players in the semiconductor industry could gain big in the long run.

Tom’s Hardware

150 Nvidia RTX A6000 GPUs power the Vegas Sphere — Nvidia fuels 1.2 million LED exterior pucks and multi-layered 16K interior screens

The Vegas Sphere, the controversial new Vegas landmark erected in 2023, is powered inside and out by an army of Nvidia workstations with RTX A6000s inside. Nvidia released an article that dives into the technical specs of the massive glowing Minion face.

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TechRadar

Nvidia promises up to 700% return on investment on GPU doing AI inference work as world's most valuable company continues journey towards $4 trillion market cap

Nvidia says there's huge profits to be made from investing in GPUs, especially for inference work.

Investors Business Daily

Broadcom Stock Gets Price-Target Hike For AI Strength

Broadcom stock nabbed a price-target hike Thursday from a Wall Street analyst as it gains from the artificial intelligence trend.

Investors Business Daily

Dow Jones Reverses Higher As Inflation Eases; Delta Dives On Earnings

Stock Market Today: The Dow Jones reversed higher on a cool inflation report. Delta stock took a dive on weak earnings results.

PC Gamer

Las Vegas' dystopia-sphere, powered by 150 Nvidia GPUs and drawing up to 28,000,000 watts, is both a testament to the hubris of humanity and an admittedly impressive technical feat

The Las Vegas Sphere might have an impressive spec sheet, but its energy demands are almost as staggering.

Investors Business Daily

Congress Members Of Both Parties Make A Fortune Trading One Stock

Congresspeople are allowed to trade stocks — and some of their S&P 500 picks do rather well. Luckily, there's a way to cash in, too.

PC Gamer

Arm has developed a new shader-based upscaler using AMD's open source FSR 2.2 as its starting base

Not that anyone needed a reminder but once again, open-source licencing is to thank for all of this.

The Street

Stock Market Today: Stocks lower after CPI report; Small caps surge

Stocks could face a stern test to their longest winning streak in three years with today's June inflation report.

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