AI researchers and data scientists. Nvidia announced Project DIGITS — a desktop AI supercomputer with the company’s latest Blackwell AI chip starting at $3,000 — to enable AI researchers and data scientists to work on AI models without tapping “Nvidia’s cutting-edge AI chips housed in data centers,” the Journal reported.
Alphabet is best known for its Google subsidiary and has a market cap of about $2.4 trillion as of this writing. With a valuation of just 23 times forward earnings, there's also a solid case to be made that it is the cheapest of the Magnificent Seven stocks right now.
Behind declines for shares of NVIDIA Corp. and Amazon.com Inc., the Dow Jones Industrial Average is declining Tuesday afternoon. The Dow was most recently trading 234 points lower (-0.5%), as shares of NVIDIA Corp.
AI chips sales drove Nvidia stock higher in 2024. Now Nvidia could be building out data centers to support a cloud-based AI software business.
Nvidia stock briefly touched a new record Tuesday following a high-profile speech from its billionaire leader Jensen Huang, but surprisingly reversed quickly to a significant daily loss, headlining a surprise stark selloff across technology stocks.
The biggest US tech stocks have enjoyed an earnings bonanza in the past two years, leading to their significant outperformance of the broader market.
BlackRock is the world's largest asset manager, with $11.5 trillion in client money under its supervision. Around $3.3 trillion of that is sitting in exchange-traded funds (ETFs) that are operated by the company's iShares subsidiary.
Discover how Nvidia Corporation's revenue soared in 2024, driven by hyperscaler investments in AI data centers, solidifying its dominance. Click for more on NVDA.
Wedbush analyst Dan Ives remains bullish and expects Tesla's market cap to hit $2 trillion in 2025, saying the coming four years will be a "total game changer" for Tesla. He expects the Trump administration to fast-track full self-driving (FSD), paving the way for the company's robotaxi agenda.
Nvidia's recent stock returns have been nothing short of phenomenal. As AI drives the need for more computing power, quarterly revenue increased by over 1,000% since 2020. Much of that came in the last two years as large tech companies spent heavily to build out data centers needed for AI applications.
The cloud units of Amazon, Alphabet, and Microsoft are maintaining their operating margins as they forge ahead with record capital investments to finance AI infrastructure buildouts.
Meta CEO Mark Zuckerberg and Nvidia CEO Jensen Huang are off to a flying start in 2025 as excitement about AI sent their companies' stocks even higher.