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Nvidia Rival Groq Reportedly Eyes $6 Billion Valuation, Cisco And Samsung-Backed Company Looks To Double Valuation Amid Surging AI Chip Demand
Thursday, July 10, 2025 - 1:07am | 459On Wednesday, Nvidia Corporation (NASDAQ:NVDA) briefly hit $4 trillion market cap. Meanwhile, its rival Silicon Valley startup Groq is reportedly aiming to raise fresh capital at a $6 billion valuation to fulfill a major Saudi contract. What Happened: Groq has spoken to investors about raising...
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Saudi Arabia Taps AMD, Cisco For Cloud Project: Report
Wednesday, June 11, 2025 - 5:29pm | 335Advanced Micro Devices, Inc. (NASDAQ:AMD) and Cisco Systems, Inc. (NASDAQ:CSCO) shares are higher in Wednesday's extended trading session after The Information reported the companies will invest in a Saudi AI-related cloud project. Last month, Cisco and AMD announced they will be joining HUMAIN's...
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Dell's Early Blackwell Shipments Of 'Thousands Of GPUs A Week' May Lift Nvidia Margins, Boost Q2 Guidance
Wednesday, May 28, 2025 - 4:53am | 936As Nvidia Corp. (NASDAQ:NVDA) prepares to report its first-quarter earnings on Wednesday, investor attention remains fixed on the fallout from the U.S. export restrictions on chip sales to China. However, the chipmaker may have a few surprises in store. What Happened: On Tuesday, Nvidia published a...
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Nvidia To Be Hit By China Chip Export Curbs Or Deliver Q2 Guidance Surprise After Middle East Deal? Here's What Charts Show Ahead Of Q1 Results
Tuesday, May 27, 2025 - 4:38am | 1078While the export restrictions on Nvidia Corp.‘s (NASDAQ:NVDA) H20 AI chip have dented its earnings estimates for the first quarter, the recently signed contracts in the Middle East could surprise the second quarter guidance on the upside. What Happened: According to T3 Live, Nvidia’s...
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Nvidia's $1 Trillion Comeback Shows DeepSeek No Longer Spooks Wall Street
Tuesday, May 20, 2025 - 12:34pm | 738Nvidia Corp. (NASDAQ:NVDA) has staged one of the most impressive rebounds in recent market history, regaining over $1 trillion in market value in just weeks following a steep drop in early 2025. As of Monday’s close, the chipmaker’s market capitalization was $3.3 trillion, compared...
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Nvidia Climbs On Saudi AI Investments: Analyst Estimates $15 Billion To $20 Billion In Revenue
Wednesday, May 14, 2025 - 12:02pm | 620President Doanld Trump led a high-profile delegation of U.S. tech CEOs, including Nvidia's Jensen Huang, to an investment conference in Saudi Arabia on Tuesday. Trump and Saudi Crown Prince Mohammed bin Salman jointly announced a $600 billion investment package, which included massive AI...
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'Bullish For Nvidia, Tesla, Palantir, Microsoft, Alphabet, Amazon:' AI 'Revolution Is Coming' To The Saudi Kingdom, Says Wedbush's Dan Ives
Wednesday, May 14, 2025 - 7:33am | 1090Wedbush analyst Daniel Ives praised the upcoming ‘AI Revolution’ in Saudi Arabia and the Middle East after the U.S.-Saudi Investment Forum on Tuesday, which saw a slew of announcements on the artificial intelligence front. What Happened: The Jensen Huang-led chipmaker announced a new...
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Mohammed Bin Salman Launches Saudi AI Firm 'Humain' Led By Ex-Aramco Digital CEO As Trump Hails 'Golden Era' With $600 Billion In US Deals
Wednesday, May 14, 2025 - 6:59am | 426Saudi Arabia announced the launch of Humain, a state-owned artificial intelligence company led by Crown Prince Mohammed bin Salman, with Tareq Amin, former CEO of Aramco Digital, appointed as CEO. What Happened: The announcement was made just before the start of President Donald Trump's tour of the...
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Jensen Huang's Wealth Surges 37% Since 'Liberation Day' Lows As Nvidia Re-Enters $3 Trillion Market Cap Club On Saudi Chip Pact
Tuesday, May 13, 2025 - 11:34pm | 620On Tuesday, Nvidia Corp. (NASDAQ:NVDA) CEO, Jensen Huang’s net worth stood at $114 billion, closing in on $120 billion, with the company’s stock rallying by nearly 15% this week, and reentering the $3 trillion market cap club. What Happened: This marks a sharp reversal in fortune for...