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Bitcoin jumped 4% as US equities dropped ahead of Nvidia’s earnings report, but onchain data noted weak institutional demand. Does data show BTC’s rebound as a sign of spot buying? Key takeaways: Bitcoin rebounded 4% from a key range under $90,000, outperforming US equities on Tuesday. Tech stocks slid ahead of Nvidia’s pivotal Q3 earnings,…
Masayoshi Son isn’t known for half measures. The SoftBank founder’s career has been studded with eyebrow-raising bets, each one seemingly more outrageous than the last. His latest move is to cash out his entire $5.8 billion Nvidia stake to go all-in on AI. And while it surprised the business world on Tuesday, it maybe should…
Nvidia is an existing investor in the AI company and participated in its $500 million Series A round in 2024. If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. If you want to read more like…
Intel’s third-quarter earnings beat Wall Street expectations Thursday, results buoyed by a bump in revenue combined with larger cuts, and multiple, sizable investments over the last two months as CEO Lip-Bu Tan looks to turn around the struggling semiconductor giant. Intel’s revenue results and its $4.1 billion in net income provides a far rosier view…
AI hyperscaler startup Nscale has signed a sizable deal with Microsoft to bring Nvidia AI hardware to multiple data centers. The AI cloud provider announced that it signed a deal with Microsoft to bring approximately 200,000 Nvidia GB300 GPUs to three data centers in Europe and one in the U.S. on Wednesday. These GPUs will…
No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago — and the many competitive generative AI services that have launched since. Its stock price has soared, making it a $4.5 trillion market cap company. The…
It takes a lot of computing power to run an AI product — and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4…
Microsoft CEO Satya Nadella on Thursday tweeted a video of his company’s first deployed massive AI system — or AI “factory” as Nvidia likes to call them. He promised this is the “first of many” such Nvidia AI factories that will be deployed across Microsoft Azure’s global data centers to run OpenAI workloads. Each system…
At nearly the same moment as Nvidia CEO Jensen Huang was expressing surprise over OpenAI’s multibillion-dollar deal with competitor AMD — shortly after his company agreed to invest up to $100 billion into the AI model maker — Sam Altman was saying that more such deals are in the works. Huang appeared on CNBC’s Squawk…
It takes a lot of computing power to run an AI product — and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4…