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Nvidia’s CEO Jensen Huang says new chip will have ‘lots and lots’ of supply

Nvidia'S CEO Jensen Huang, addressing concerns about the company’s new Blackwell chips, said that supplies will be plentiful after manufacturing gains momentum.

President and CEO of Nvidia Corporation Jensen Huang delivers a speech during the Computex 2024 exhibition in Taipei, Taiwan, June 2, 2024. (Chiang Ying-ying/AP)
Published on Sep 05, 2024 05:32 PM IST
Bloomberg |

Nvidia’s Jensen Huang loses $10 billion in his biggest wealth wipeout

Nvidia CEO Jensen Huang's net worth dropped $10 billion to $94.9 billion after decline in chip stocks and an antitrust probe by US Justice Department.

Jensen Huang, CEO of Nvidia, co-founded the company in 1993. (AP)
Updated on Sep 04, 2024 01:43 PM IST

Nvidia’s market practices questioned as DOJ presses subpoena

The DOJ's antitrust inquiry into Nvidia escalates with subpoenas, probing alleged monopolistic practices.

(Image for Ref) A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)
Published on Sep 04, 2024 10:27 AM IST
Bloomberg | | Posted by Tuhin Das Mahapatra

Jensen Huang's Nvidia loses record $279 billion in market value. Here's why

Nvidia shares fell 9.5%, the largest single-day market value loss for a US company. The decline of $279 billion indicates rising investor caution about AI.

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan.(Bloomberg)
Updated on Sep 04, 2024 08:37 AM IST

Nations building their own AI models add to Nvidia's growing chip demand

Countries adopting their own AI models will contribute about low double-digit billions to Nvidia's revenue in the financial year ending in January 2025

Nvidia's third-quarter forecast for rising sales of its chips that power AI technology such as OpenAI's ChatGPT failed to meet investors' towering expectations. (Getty Images via AFP)
Published on Aug 29, 2024 12:55 PM IST
Reuters |
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