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Nvidia just hit a jackpot in the Chinese market
TheStreet85d agoneutral
Nvidia just hit a jackpot in the Chinese market

Jensen Huang walked onto the GTC Taipei stage on June 1 and described a humanoid robot by its weight and height before anything else. Six feet. 150 pounds. "Just like me," he said. The robot standing behind him was built by a Chinese startup. And that detail is more significant than it first ...

Marvell Stock Soars 24%. Why Nvidia CEO Says It Will Hit $1 Trillion.
Barrons.com85d agobullish
Marvell Stock Soars 24%. Why Nvidia CEO Says It Will Hit $1 Trillion.

Marvell Technology stock was surging early Tuesday after getting a big endorsement from Nvidia CEO Jensen Huang, who reckons the chips-and-networking company can achieve a market value of more than $1 trillion. The stock closed up 7% at $219.43 on Monday, giving it a market capitalization of around $192 billion. Nvidia’s Huang suggested Marvell’s shares could rise fivefold while speaking at the Computex conference in Taiwan alongside Marvell CEO Matt Murphy.

Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'
Reuters85d agobullish
Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'

Marvell Technology's shares surged ‌more than ‌24% in premarket trading ​on Tuesday after Nvidia CEO Jensen Huang called the chipmaker ‌the ⁠next "trillion-dollar company." Huang and Marvell CEO Matt ⁠Murphy were speaking at an ​event at ​the ​Computex week ‌in Taipei on Tuesday. Marvell shares were last up 24.4% at $272.9, set to add ‌more than $47.2 ​billion in ​market ​capitalisation if ‌gains hold.

NVIDIA Pledges 50% Cash Flow Return as Huang Maps Agentic AI Future
MarketBeat85d agoneutral
NVIDIA Pledges 50% Cash Flow Return as Huang Maps Agentic AI Future

NVIDIA (NASDAQ:NVDA) founder and CEO Jensen Huang said the company plans to return at least half of its free cash flow to shareholders while outlining a broader strategy to reshape data centers, PCs and edge devices around “agentic” artificial intelligence. Speaking at a company event that included

SK Hynix plans to double wafer capacity in next five years, group chairman says
Reuters85d agoneutral
SK Hynix plans to double wafer capacity in next five years, group chairman says

The chairman of South Korea's SK Group said on Tuesday its memory chip ‌unit SK Hynix aims to double wafer capacity ‌over the next five years. Chey Tae-won was speaking at the Computex conference ​in Taipei, where executives from some of the world's top technology companies, including Nvidia, are gathering. He added that he hopes his company can be a major high-bandwidth memory (HBM) supplier for Nvidia's Vera Rubin system.

Pay workers 'as much as possible', Nvidia's Huang says
AFP85d agoneutral
Pay workers 'as much as possible', Nvidia's Huang says

Companies should pay workers "as much as possible", Nvidia boss Jensen Huang said Tuesday ahead of a trip to South Korea, where Samsung Electronics recently averted a strike by making an agreement on bonuses with its union.Huang is due to arrive in South Korea on Friday and will reportedly meet with companies including SK Group and Hyundai to discuss robotics and so-called "physical AI".

Even Nvidia Will Struggle to Save the PC
Barrons.com85d agoneutral
Even Nvidia Will Struggle to Save the PC

Chip stocks, led by Intel and Qualcomm fell sharply, while PC stocks, led by Dell Technologies and HP jumped. A new kind of PC, even one armed with an Nvidia chip, will be an uphill climb. Amid a memory shortage, it could hardly be a worse moment to be launching a new PC platform.

Super Micro Pushes Deeper Into AI Factories With Verda Europe Rollout
Simply Wall St.85d agoneutral
Super Micro Pushes Deeper Into AI Factories With Verda Europe Rollout

Super Micro Computer (NasdaqGS:SMCI) has introduced new AI data center solutions, including Data Center Building Block Solutions Blueprints for NVIDIA Vera Rubin. The company also released 12 new server platforms built on Intel Xeon 6+ processors, aimed at next generation AI workloads and high density deployments. Super Micro announced a large scale partnership with Verda to roll out its advanced AI systems across Europe, targeting sustainable, high performance cloud infrastructure. The new...

Jim Cramer Can’t Understand Why NVIDIA (NVDA) Won’t Go Up
Insider Monkey85d agoneutral
Jim Cramer Can’t Understand Why NVIDIA (NVDA) Won’t Go Up

We recently published Jim Cramer Warned About Market Manipulation & Discussed These 22 Stocks. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer. AI GPU giant NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s favorite stocks even though the shares have remained lackluster this year. Year-to-date, the stock is up by a […]

Tesla Faces China FSD Lawsuit As Robotics Competition Tests Valuation
Simply Wall St.85d agobearish
Tesla Faces China FSD Lawsuit As Robotics Competition Tests Valuation

Tesla (NasdaqGS:TSLA) is facing a new class-action lawsuit in China alleging false advertising and consumer fraud related to its Full Self-Driving feature. The case challenges how Tesla markets FSD in one of its most important international markets and could influence regulatory scrutiny and consumer sentiment. At the same time, OpenAI, led by Sam Altman, has launched a dedicated robotics division focused on humanoid robots, while Nvidia is accelerating its own robotics efforts. These moves...

Qualcomm (QCOM) Loses 8.8% on Nvidia Competition Fears
Insider Monkey85d agoneutral
Qualcomm (QCOM) Loses 8.8% on Nvidia Competition Fears

Qualcomm Inc. (NASDAQ:QCOM) is one of the 10 Stocks Entering June in the Wrong Direction. Qualcomm snapped a two-day winning streak on Monday, shedding 8.78 percent to finish at $228.99 apiece, as investors resorted to profit-taking following the previous trading day’s record high, while digesting the impact of Nvidia Corp.’s foray into the devices market. […]

Fluence (FLNC) Strengthens Foothold in AI, Soars 44%
Insider Monkey85d agobullish
Fluence (FLNC) Strengthens Foothold in AI, Soars 44%

Fluence Energy Inc. (NASDAQ:FLNC) is one of the 10 Stocks Entering June on Fire. Fluence Energy saw its share prices climb by 43.80 percent on Monday to close at $27.15 apiece, as investors cheered its increasing role in the artificial intelligence sector with its role in the development of a next-generation platform to support the […]

SK Telecom (SKM) Hits 4-Year High — Nvidia May Hold the Answer
Insider Monkey85d agoneutral
SK Telecom (SKM) Hits 4-Year High — Nvidia May Hold the Answer

SK Telecom Ltd. (NYSE:SKM) is one of the 10 Stocks Entering June on Fire. SK Telecom soared to a new four-year high on Monday, after being named as a key partner of Nvidia Corp. in the development of a semiconductor company’s digital twin using its 3D virtual design platform. In intra-day trading, the stock surged […]