Why Artificial Intelligence is the secret behind Nvidia's success. Chipmaker Nvidia is turning eyeballs around the world. The company's valuation has grown from $1 trillion to $2 trillion in just eight months. This is the fastest growth for an American company. What is the secret of Nvidia's success? Is it Artificial Intelligence?

Why Artificial Intelligence is the secret behind Nvidia's success

Nvidia hit $2 trillion in market value for the first time on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom.

The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277 billion on Thursday - Wall Street's largest one-day gain on record.

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/business-economy/nvidia-surpasses-alphabet-to-claim-third-spot-in-wall-streets-valuation-race-690433" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/business-economy/nvidia-surpasses-alphabet-to-claim-third-spot-in-wall-streets-valuation-race-690433&amp;sa=U&amp;ved=2ahUKEwih5ur-5cGEAxWy4jgGHer9DtIQFnoECAAQAg&amp;usg=AOvVaw1ywSoiMhpARXFLeLGTaeQE" dir="ltr" href="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/business-economy/nvidia-surpasses-alphabet-to-claim-third-spot-in-wall-streets-valuation-race-690433&amp;sa=U&amp;ved=2ahUKEwih5ur-5cGEAxWy4jgGHer9DtIQFnoECAAQAg&amp;usg=AOvVaw1ywSoiMhpARXFLeLGTaeQE" target="_blank">Nvidia&nbsp;surpasses Alphabet to claim third spot in Wall Street</a>

Its rapid ascent in the past year has led analysts to draw parallels to the picks and shovels providers during the gold rush of 1800s as Nvidia's chips are used by almost all generative AI players from chatGPT-maker OpenAI to Google.

That has helped the company vault from $1 trillion to $2 trillion market value in around eight months - the fastest among U.S. companies and in less than half the time it took tech giants Apple and Microsoft.

"For AI companies today - the leaders of the sector - what's going to be binding for them is not going to be demand. It's just going to be their capacity to answer the surging demand," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/nvidia-options-traders-anticipate-volatility-surge-ahead-of-earnings-report-690797">Nvidia options traders anticipate volatility surge ahead of earnings report</a>

Nvidia's shares were trading about 3% higher at a record high of $808 on Friday, maintaining its position as the third most valuable U.S. firm.

That gave the company a market value of $2.05 trillion, compared with $1.52 trillion at the end of January. Its shares have surged nearly 60% this year, after more than tripling in value in 2023.

The chip designer's 2024 share jump has been crucial for the S&amp;P 500's performance, contributing to more than a quarter of the stock index's rise this year.

Its latest market-beating forecast of a whopping 233% growth in first-quarter revenue helped global markets notch record highs on Thursday.

Watch:&nbsp;US chipmaker Nvidia reaches $1 trillion milestone

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The breakneck growth has drawn analysts and investors from far and wide to Nvidia.

"I'm a European fund manager, but I must have had more emails about their results than I've had about any other set. There have been calls, every broker doing 10-minute debriefs, it's been mind boggling," said one investor, who declined to be named.

Despite the share surge, Nvidia's valuation has fallen due to rapid increases in analysts' estimates. It has a 12-month forward price-to-earnings ratio of about 31, down from 49 times a year ago, according to LSEG data.

"Leading cloud computing companies plan to boost their capital expenditures to satisfy demand for artificial intelligence training and inference, and it appears that virtually all this spending will fall into Nvidia's pockets," said Brian Colello, a strategist at Morningstar.

"We anticipate revenue will rise by a couple of billion each quarter throughout fiscal 2025 for Nvidia as more chip supply comes online."

Nvidia hit $2 trillion in market value for the first time on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom.

Nvidia hit $2 trillion in market value for the first time on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom. The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277 billion on Thursday - Wall Street's largest one-day gain on record. Also read: Nvidia surpasses Alphabet to claim third spot in Wall Street Its rapid ascent in the past year has led analysts to draw parallels to the picks and shovels providers during the gold rush of 1800s as Nvidia's chips are used by almost all generative AI players from chatGPT-maker OpenAI to Google. That has helped the company vault from $1 trillion to $2 trillion market value in around eight months - the fastest among U.S. companies and in less than half the time it took tech giants Apple and Microsoft. "For AI companies today - the leaders of the sector - what's going to be binding for them is not going to be demand. It's just going to be their capacity to answer the surging demand," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. Also read: Nvidia options traders anticipate volatility surge ahead of earnings report Nvidia's shares were trading about 3% higher at a record high of $808 on Friday, maintaining its position as the third most valuable U.S. firm. That gave the company a market value of $2.05 trillion, compared with $1.52 trillion at the end of January. Its shares have surged nearly 60% this year, after more than tripling in value in 2023. The chip designer's 2024 share jump has been crucial for the S&P 500's performance, contributing to more than a quarter of the stock index's rise this year. Its latest market-beating forecast of a whopping 233% growth in first-quarter revenue helped global markets notch record highs on Thursday. Watch: US chipmaker Nvidia reaches $1 trillion milestone × The breakneck growth has drawn analysts and investors from far and wide to Nvidia. "I'm a European fund manager, but I must have had more emails about their results than I've had about any other set. There have been calls, every broker doing 10-minute debriefs, it's been mind boggling," said one investor, who declined to be named. Despite the share surge, Nvidia's valuation has fallen due to rapid increases in analysts' estimates. It has a 12-month forward price-to-earnings ratio of about 31, down from 49 times a year ago, according to LSEG data. "Leading cloud computing companies plan to boost their capital expenditures to satisfy demand for artificial intelligence training and inference, and it appears that virtually all this spending will fall into Nvidia's pockets," said Brian Colello, a strategist at Morningstar. "We anticipate revenue will rise by a couple of billion each quarter throughout fiscal 2025 for Nvidia as more chip supply comes online."

Nvidia hits $2 trillion valuation as AI frenzy grips Wall Street

In a historic feat, chip maker Nvidia's market capitalisation surged by $277 billion in a single day.

The surge, propelled by Nvidia's quarterly report surpassing analysts' expectations, reignited optimism surrounding artificial intelligence (AI).&nbsp;<o:p></o:p>

"The speed (at which Nvidia's stock is rising) is faster than I had expected, but I think it's justified (given the fundamental improvements in AI computing )", Reuters quoted Russ Mould, investment director at AJ Bell as saying. <o:p></o:p>

Nvidia's stock skyrocketed by 16.4 per cent to close at $785.38, setting a new record-high close and making it the third-most valuable company in the US stock market, surpassing tech behemoths like Amazon.com and Alphabet. <o:p></o:p>

The surge in Nvidia's market value not only outpaced the entire value of Coca-Cola but also propelled the broader S&amp;P 500, Europe's STOXX 600, and Japan's Nikkei share average to record highs, underscoring the ripple effect of Nvidia's performance across global markets.<o:p></o:p>

Investor sentiment soared as Nvidia forecasted a 233 per cent growth in current-quarter revenue, surpassing market expectations and signalling strong demand for its chips. <o:p></o:p>

Advanced Micro Devices and Broadcom, among other chipmakers exposed to AI, also witnessed significant rallies, further fuelling the optimism surrounding the tech sector. <o:p></o:p>

The Philadelphia chip index surged to a record high with its biggest one-day gain since May 2023, while the S&amp;P 500 and the Nasdaq also soared to new heights, signalling a broader market rally.<o:p></o:p>

While Nvidia's meteoric rise has garnered widespread acclaim, concerns lingered among some analysts regarding the company's rapid growth trajectory and potential headwinds such as US curbs on chip sales to China. <o:p></o:p>

Despite the rapid pace of gains, at least 17 brokerages raised their price targets post-results, reflecting bullish sentiments. <o:p></o:p>

However, UBS tempered its optimism, citing concerns over a potential slowdown in revenue growth.<o:p></o:p>

"We've gotten well ahead of expectations and baked in a lot for the next three years," remarked Paul Nolte, senior wealth adviser and market strategist at Murphy &amp; Sylvest.<o:p></o:p>

Short sellers, who bet on Nvidia's stock decline, rushed to close their trades, having incurred significant losses amid the stock's ascent.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

In a historic feat, chip maker Nvidia's market capitalisation surged by $277 billion in a single day. The surge, propelled by Nvidia's quarterly report surpassing analysts' expectations, reignited optimism surrounding artificial intelligence (AI).

In a historic feat, chip maker Nvidia's market capitalisation surged by $277 billion in a single day. The surge, propelled by Nvidia's quarterly report surpassing analysts' expectations, reignited optimism surrounding artificial intelligence (AI). "The speed (at which Nvidia's stock is rising) is faster than I had expected, but I think it's justified (given the fundamental improvements in AI computing )", Reuters quoted Russ Mould, investment director at AJ Bell as saying. Nvidia's stock skyrocketed by 16.4 per cent to close at $785.38, setting a new record-high close and making it the third-most valuable company in the US stock market, surpassing tech behemoths like Amazon.com and Alphabet. The surge in Nvidia's market value not only outpaced the entire value of Coca-Cola but also propelled the broader S&P 500, Europe's STOXX 600, and Japan's Nikkei share average to record highs, underscoring the ripple effect of Nvidia's performance across global markets. Investor sentiment soared as Nvidia forecasted a 233 per cent growth in current-quarter revenue, surpassing market expectations and signalling strong demand for its chips. Advanced Micro Devices and Broadcom, among other chipmakers exposed to AI, also witnessed significant rallies, further fuelling the optimism surrounding the tech sector. The Philadelphia chip index surged to a record high with its biggest one-day gain since May 2023, while the S&P 500 and the Nasdaq also soared to new heights, signalling a broader market rally. While Nvidia's meteoric rise has garnered widespread acclaim, concerns lingered among some analysts regarding the company's rapid growth trajectory and potential headwinds such as US curbs on chip sales to China. Despite the rapid pace of gains, at least 17 brokerages raised their price targets post-results, reflecting bullish sentiments. However, UBS tempered its optimism, citing concerns over a potential slowdown in revenue growth. "We've gotten well ahead of expectations and baked in a lot for the next three years," remarked Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest. Short sellers, who bet on Nvidia's stock decline, rushed to close their trades, having incurred significant losses amid the stock's ascent. (With inputs from Reuters)

Nvidia's surge adds $277 billion in market value, spurring record stock rally

US chip maker Nvidia's massive growth story continues. The semiconductor company posted 265% revenue growth in the October-December quarter. Watch in for more details!

Nvidia posts 265 per cent revenue growth in Oct-Dec quarter

Chipmaker Nvidia dethrones Tesla to become the most traded stock by value. It’s the latest in what has been a climb up for Nvidia, as it surged past Amazon & alphabet to become the world’s third most valuable company.

Nvidia surpasses Tesla as Wall Street's most-traded stock

Traders in the US equity options market are bracing for a substantial movement in Nvidia's shares following the upcoming earnings report of the leading artificial intelligence chipmaker. <o:p></o:p>

Analysts suggest that Nvidia's earnings report, scheduled for release on February 21, could trigger an extraordinary shift in the stock's value, with expectations indicating a potential swing of approximately 11 per cent in either direction. <o:p></o:p>

This move stands out as the most significant projection made by options traders in the past three years, signalling heightened volatility on the horizon.<o:p></o:p>

According to Matt Amberson, the founder of options analytics service ORATS, the predicted swing in Nvidia's shares is substantial, considering the company's market capitalization of $1.8 trillion. <o:p></o:p>

A movement of this magnitude could result in a market value shift of approximately $200 billion, surpassing the market capitalisation of prominent entities like Intel Corp and exceeding that of around 90 per cent of S&amp;P 500 constituents.<o:p></o:p>

The anticipation surrounding Nvidia's earnings is reflected in the options market activity, with over 750,000 Nvidia options exchanged by early Thursday afternoon, making it one of the most actively traded single stock names in the options market. <o:p></o:p>

Despite the significant upward trajectory of Nvidia's stock, there remains considerable demand for upside options bets, as indicated by the stock's 90-day 25 delta call skew, which is near a five-year high.<o:p></o:p>

Christopher Jacobson, a strategist at Susquehanna Financial Group, highlighted the significance of the elevated call skew, suggesting that investors continue to perceive substantial upside potential in Nvidia's stock.<o:p></o:p>

&nbsp;This sentiment persists despite the recent surge in volatility, with many investors turning to upside calls for lower-risk exposure amid the uncertainty.<o:p></o:p>

Nvidia's recent performance underscores its growing prominence in the market, as the company surpassed Google-parent Alphabet to become the third most valuable US company. <o:p></o:p>

Analysts are optimistic about Nvidia's earnings prospects, with expectations pinned on earnings of $4.56 per share and a substantial rise in quarterly revenue to $20.378 billion compared to $6.05 billion a year ago, according to estimates from 33 analysts.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Traders in the US equity options market are bracing for a substantial movement in Nvidia's shares following the upcoming earnings report of the leading artificial intelligence chipmaker.

Traders in the US equity options market are bracing for a substantial movement in Nvidia's shares following the upcoming earnings report of the leading artificial intelligence chipmaker. Analysts suggest that Nvidia's earnings report, scheduled for release on February 21, could trigger an extraordinary shift in the stock's value, with expectations indicating a potential swing of approximately 11 per cent in either direction. This move stands out as the most significant projection made by options traders in the past three years, signalling heightened volatility on the horizon. According to Matt Amberson, the founder of options analytics service ORATS, the predicted swing in Nvidia's shares is substantial, considering the company's market capitalization of $1.8 trillion. A movement of this magnitude could result in a market value shift of approximately $200 billion, surpassing the market capitalisation of prominent entities like Intel Corp and exceeding that of around 90 per cent of S&P 500 constituents. The anticipation surrounding Nvidia's earnings is reflected in the options market activity, with over 750,000 Nvidia options exchanged by early Thursday afternoon, making it one of the most actively traded single stock names in the options market. Despite the significant upward trajectory of Nvidia's stock, there remains considerable demand for upside options bets, as indicated by the stock's 90-day 25 delta call skew, which is near a five-year high. Christopher Jacobson, a strategist at Susquehanna Financial Group, highlighted the significance of the elevated call skew, suggesting that investors continue to perceive substantial upside potential in Nvidia's stock. This sentiment persists despite the recent surge in volatility, with many investors turning to upside calls for lower-risk exposure amid the uncertainty. Nvidia's recent performance underscores its growing prominence in the market, as the company surpassed Google-parent Alphabet to become the third most valuable US company. Analysts are optimistic about Nvidia's earnings prospects, with expectations pinned on earnings of $4.56 per share and a substantial rise in quarterly revenue to $20.378 billion compared to $6.05 billion a year ago, according to estimates from 33 analysts. (With inputs from Reuters)

Nvidia options traders anticipate volatility surge ahead of earnings report

On Feb 14, 2024, chip making giant Nvidia made headlines as it replaced Alphabet as Wall Street’s third most valuable company, with its market value standing at $1.825 trillion. It even surpassed other tech giants including Jeff Bezo’s Amazon.

Market analysts now hold Nvidia in high regard due to increased demand for AI chips.

As the company stands victorious in the chip race, we go back to Nvidia’s beginning and try to answer the question: what has made Nvidia so successful today?

Early Days and Strategic Vision: From gaming to AI superpower (1993-2004)

Founded by CEO Jensen Huang in Sunnyvale, California, Nvidia entered the scene in 1993 with a focus on graphics processing units (GPUs) for the burgeoning gaming market.

Initially, the company's chips successfully powered iconic games like Quake and Unreal Tournament.

&nbsp;Huang recognised that GPUs held untapped potential beyond gaming, particularly in their parallel processing capabilities ideal for complex calculations.

This vision would become the cornerstone of Nvidia's future success.

By the early 2000s, Nvidia began shifting its focus towards artificial intelligence (AI) and high-performance computing (HPC).

This was a bold move, considering that AI was developing at its earliest stages.

Fortunately Huang's foresight came true, as the demand for AI applications began to rapidly grow.

This shift laid the groundwork for Nvidia's transformation from a gaming specialist to a leader in AI and HPC.

Innovation: Building the foundation for success

Nvidia's success story is deeply intertwined with its constant pursuit of innovation.

The company has invested heavily in research and development, leading to groundbreaking advancements in chip architecture and performance.

One of the well-known examples is the Tensor Core technology, a revolutionary design specifically developed for AI workloads.

This innovation boosted the performance of AI algorithms, solidifying Nvidia's position as a key player in the AI revolution.

But innovation was not limited to hardware.

Nvidia also recognised the importance of software development.

The company poured resources into creating Compute Unified Device Architecture (CUDA), a parallel programming platform that allowed developers to easily leverage the power of GPUs for AI and HPC applications.

This move fuelled internal development and also fostered a diverse ecosystem of third-party developers, which made companies quickly adopt Nvidia's technology.

Ecosystem Building: Power in collaboration

Nvidia realised that success in the realm of AI and HPC would not be achieved alone.

The company actively fostered a strong ecosystem of partners, including software developers, hardware manufacturers, and cloud service providers.

This collaborative approach proved highly successful.

Leading software developers like Microsoft and Amazon embraced CUDA, integrating Nvidia GPUs into their cloud platforms and AI frameworks.

This not only expanded the reach of Nvidia's technology but also created a self-reinforcing cycle of innovation within the ecosystem.

Strategic Acquisitions: Expanding the reach and expertise

While organic innovation was crucial, Nvidia also recognised the value of strategic acquisitions to bolster its capabilities and expand its reach.

In 2019, the company acquired Mellanox, a leader in data centre networking and HPC solutions.

This acquisition enhanced Nvidia's capabilities in data centre networking, a critical component for high-performance computing and AI workloads.

Additionally, it provided Nvidia with valuable expertise in HPC, further securing its position in this rapidly growing market.

Adaptability and Agility: Thriving in a dynamic landscape

The technology landscape is constantly evolving, and Nvidia has consistently demonstrated its ability to adapt and thrive in this dynamic environment.

From seizing the cryptocurrency mining boom in the early 2010s to capitalising on the rise of autonomous vehicles through its DRIVE platform, Nvidia has been able to identify and capitalise on emerging opportunities.

This agility has ensured that Nvidia remains relevant and continues to push the boundaries of what's possible with chip technology.

On Feb 14, 2024, chip making giant Nvidia made headlines as it replaced Alphabet as Wall Street’s third most valuable company, with its market value standing at $1.

On Feb 14, 2024, chip making giant Nvidia made headlines as it replaced Alphabet as Wall Street’s third most valuable company, with its market value standing at $1.825 trillion. It even surpassed other tech giants including Jeff Bezo’s Amazon. Market analysts now hold Nvidia in high regard due to increased demand for AI chips. As the company stands victorious in the chip race, we go back to Nvidia’s beginning and try to answer the question: what has made Nvidia so successful today? Early Days and Strategic Vision: From gaming to AI superpower (1993-2004) Founded by CEO Jensen Huang in Sunnyvale, California, Nvidia entered the scene in 1993 with a focus on graphics processing units (GPUs) for the burgeoning gaming market. Initially, the company's chips successfully powered iconic games like Quake and Unreal Tournament. Huang recognised that GPUs held untapped potential beyond gaming, particularly in their parallel processing capabilities ideal for complex calculations. This vision would become the cornerstone of Nvidia's future success. By the early 2000s, Nvidia began shifting its focus towards artificial intelligence (AI) and high-performance computing (HPC). This was a bold move, considering that AI was developing at its earliest stages. Fortunately Huang's foresight came true, as the demand for AI applications began to rapidly grow. This shift laid the groundwork for Nvidia's transformation from a gaming specialist to a leader in AI and HPC. Innovation: Building the foundation for success Nvidia's success story is deeply intertwined with its constant pursuit of innovation. The company has invested heavily in research and development, leading to groundbreaking advancements in chip architecture and performance. One of the well-known examples is the Tensor Core technology, a revolutionary design specifically developed for AI workloads. This innovation boosted the performance of AI algorithms, solidifying Nvidia's position as a key player in the AI revolution. But innovation was not limited to hardware. Nvidia also recognised the importance of software development. The company poured resources into creating Compute Unified Device Architecture (CUDA), a parallel programming platform that allowed developers to easily leverage the power of GPUs for AI and HPC applications. This move fuelled internal development and also fostered a diverse ecosystem of third-party developers, which made companies quickly adopt Nvidia's technology. Ecosystem Building: Power in collaboration Nvidia realised that success in the realm of AI and HPC would not be achieved alone. The company actively fostered a strong ecosystem of partners, including software developers, hardware manufacturers, and cloud service providers. This collaborative approach proved highly successful. Leading software developers like Microsoft and Amazon embraced CUDA, integrating Nvidia GPUs into their cloud platforms and AI frameworks. This not only expanded the reach of Nvidia's technology but also created a self-reinforcing cycle of innovation within the ecosystem. Strategic Acquisitions: Expanding the reach and expertise While organic innovation was crucial, Nvidia also recognised the value of strategic acquisitions to bolster its capabilities and expand its reach. In 2019, the company acquired Mellanox, a leader in data centre networking and HPC solutions. This acquisition enhanced Nvidia's capabilities in data centre networking, a critical component for high-performance computing and AI workloads. Additionally, it provided Nvidia with valuable expertise in HPC, further securing its position in this rapidly growing market. Adaptability and Agility: Thriving in a dynamic landscape The technology landscape is constantly evolving, and Nvidia has consistently demonstrated its ability to adapt and thrive in this dynamic environment. From seizing the cryptocurrency mining boom in the early 2010s to capitalising on the rise of autonomous vehicles through its DRIVE platform, Nvidia has been able to identify and capitalise on emerging opportunities. This agility has ensured that Nvidia remains relevant and continues to push the boundaries of what's possible with chip technology.

Flashback Friday: How Nvidia aced the global chip race

Nvidia has surged past Google's parent company, alphabet, and e-commerce behemoth Amazon to claim the coveted third position as the most valuable U.S. Company. Nvidia now boasts a market capitalization of $1.825 trillion, edging out Alphabet's $1.821 trillion and Amazon's $1.776 trillion.

Nvidia beats Alphabet in market cap

In a significant shake-up on Wall Street, Nvidia has emerged as the third most valuable US company, surpassing Google-parent Alphabet. <o:p></o:p>

According to a Reuters report, the dominant AI chipmaker's stock witnessed a 2.46 per cent surge, securing a market value of $1.825 trillion, just ahead of Alphabet's $1.821 trillion, marking a pivotal moment in the dynamic tech industry.<o:p></o:p>

Nvidia's ascent to the third position comes on the heels of overtaking Amazon's market capitalisation, illustrating its growing dominance in the technology sector. <o:p></o:p>

The Santa Clara-based company has been a key beneficiary of the technology industry's push to integrate artificial intelligence into products and services, with its stock price rising by 47 per cent this year alone.<o:p></o:p>

The company's control over approximately 80 per cent of the high-end AI chip market has been a major factor in its stock's stellar performance. <o:p></o:p>

Investors have shown a keen interest in Nvidia's stock, especially after it concluded a session with a market capitalisation higher than Amazon's for the first time in two decades. <o:p></o:p>

However, with success comes challenges, as customers face shortages of Nvidia's top-of-the-line components, and AI developers grapple with lengthy waiting lists to access its processors through cloud-computing providers.<o:p></o:p>

Nvidia's stock surge reflects the broader trend in technology-related companies reaching record highs fuelled by optimism surrounding artificial intelligence. <o:p></o:p>

Other industry giants, such as Microsoft and Meta Platforms, have also rallied to unprecedented levels.<o:p></o:p>

Investors and analysts are now eagerly awaiting Nvidia's upcoming quarterly report, scheduled for the next Wednesday, which is poised to be one of the most closely watched of the week on Wall Street. <o:p></o:p>

Analysts anticipate another strong quarter and positive outlook, emphasising that any deviation from these expectations could potentially dampen the current AI rally on Wall Street. <o:p></o:p>

Jake Dollarhide, CEO of Longbow Asset Management, warned, "If Nvidia has one bad quarterly report, if they don’t overly-exceed investors’ expectations, this thing could sell off 20 or 30 percent in one after-hours session."<o:p></o:p>

Susquehanna analyst Christopher Rolland expressed optimism regarding Nvidia's future, increasing the price target for the company's stock to $850 from $625. <o:p></o:p>

Rolland cited expectations of robust quarterly results and guidance as the basis for the upward revision. As of now, Nvidia shares are trading at $739.<o:p></o:p>

In the broader context of the tech industry's valuation, Microsoft currently leads the pack after overtaking Apple to become the world's most valuable company with a market value exceeding $3 trillion. <o:p></o:p>

Notably, Saudi Aramco retains its position as the world's third most valuable publicly-listed company.<o:p></o:p>

Analysts predict Nvidia's January fiscal quarter revenue to more than triple to $20.37 billion, primarily driven by the soaring demand for its top-tier AI chips. <o:p></o:p>

Adjusted net profit is expected to surge over 400 per cent, reaching $11.38 billion. <o:p></o:p>

While Nvidia's current price-to-earnings ratio stands at around 34, up from 24 in early January, it reflects a significant decline from the over 50 ratio observed a year ago.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

In a significant shake-up on Wall Street, Nvidia has emerged as the third most valuable US company, surpassing Google-parent Alphabet. According to a Reuters report, the dominant AI chipmaker's stock witnessed a 2.

In a significant shake-up on Wall Street, Nvidia has emerged as the third most valuable US company, surpassing Google-parent Alphabet. According to a Reuters report, the dominant AI chipmaker's stock witnessed a 2.46 per cent surge, securing a market value of $1.825 trillion, just ahead of Alphabet's $1.821 trillion, marking a pivotal moment in the dynamic tech industry. Nvidia's ascent to the third position comes on the heels of overtaking Amazon's market capitalisation, illustrating its growing dominance in the technology sector. The Santa Clara-based company has been a key beneficiary of the technology industry's push to integrate artificial intelligence into products and services, with its stock price rising by 47 per cent this year alone. The company's control over approximately 80 per cent of the high-end AI chip market has been a major factor in its stock's stellar performance. Investors have shown a keen interest in Nvidia's stock, especially after it concluded a session with a market capitalisation higher than Amazon's for the first time in two decades. However, with success comes challenges, as customers face shortages of Nvidia's top-of-the-line components, and AI developers grapple with lengthy waiting lists to access its processors through cloud-computing providers. Nvidia's stock surge reflects the broader trend in technology-related companies reaching record highs fuelled by optimism surrounding artificial intelligence. Other industry giants, such as Microsoft and Meta Platforms, have also rallied to unprecedented levels. Investors and analysts are now eagerly awaiting Nvidia's upcoming quarterly report, scheduled for the next Wednesday, which is poised to be one of the most closely watched of the week on Wall Street. Analysts anticipate another strong quarter and positive outlook, emphasising that any deviation from these expectations could potentially dampen the current AI rally on Wall Street. Jake Dollarhide, CEO of Longbow Asset Management, warned, "If Nvidia has one bad quarterly report, if they don’t overly-exceed investors’ expectations, this thing could sell off 20 or 30 percent in one after-hours session." Susquehanna analyst Christopher Rolland expressed optimism regarding Nvidia's future, increasing the price target for the company's stock to $850 from $625. Rolland cited expectations of robust quarterly results and guidance as the basis for the upward revision. As of now, Nvidia shares are trading at $739. In the broader context of the tech industry's valuation, Microsoft currently leads the pack after overtaking Apple to become the world's most valuable company with a market value exceeding $3 trillion. Notably, Saudi Aramco retains its position as the world's third most valuable publicly-listed company. Analysts predict Nvidia's January fiscal quarter revenue to more than triple to $20.37 billion, primarily driven by the soaring demand for its top-tier AI chips. Adjusted net profit is expected to surge over 400 per cent, reaching $11.38 billion. While Nvidia's current price-to-earnings ratio stands at around 34, up from 24 in early January, it reflects a significant decline from the over 50 ratio observed a year ago. (With inputs from Reuters)

Nvidia surpasses Alphabet to claim third spot in Wall Street's valuation race

Nvidia, the leading AI chipmaker, is on the brink of surpassing Alphabet as the third most valuable company on Wall Street, after overtaking Amazon's market capitalisation for the first time in two decades, according to Reuters. <o:p></o:p>

Nvidia's market cap reached $1.78 trillion, exceeding Amazon's $1.75 trillion, as the latter's shares declined by 2.15 per cent. <o:p></o:p>

Alphabet, Google's parent company, saw a 1.62 per cent dip in its stock, leaving its market value at $1.81 trillion.<o:p></o:p>

The surge in Nvidia's market value comes as the company benefits from the tech industry's push to integrate AI into various products and services. <o:p></o:p>

Major tech firms like Meta Platforms are heavily investing in Nvidia's graphics processors, leading to a significant increase in demand for its components. <o:p></o:p>

Analysts foresee substantial potential for Nvidia in the AI sector, with Mizuho raising its price target for Nvidia's stock ahead of its quarterly results.<o:p></o:p>

Nvidia's dominance in the high-end AI chip market, controlling about 80 per cent of it, has propelled its stock to new heights. <o:p></o:p>

Mizuho analyst Vijay Rakesh highlighted the persistent high demand for Nvidia's processors, indicating significant AI upside for the company.<o:p></o:p>

&nbsp;This optimism extends to other tech giants like Microsoft and Meta, whose stocks have rallied due to AI-related optimism.<o:p></o:p>

Alphabet, while facing competition from Nvidia, has been actively incorporating AI technologies into its products and services. <o:p></o:p>

Despite this, the company's recent quarterly report failed to meet investors' expectations, leading to a drop in its stock price. <o:p></o:p>

Nevertheless, Alphabet's stock remains up by 4 per cent in 2024, showcasing a resilient performance amidst the competitive tech landscape.<o:p></o:p>

Nvidia briefly surpassed Amazon's market capitalisation on Monday, marking a significant milestone for the company. <o:p></o:p>

This achievement reflects Nvidia's remarkable growth trajectory since its early days when its market value was under $6 billion. <o:p></o:p>

The current surge in Nvidia's market cap echoes its strong positioning in the AI market and underscores its potential for further expansion.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Nvidia, the leading AI chipmaker, is on the brink of surpassing Alphabet as the third most valuable company on Wall Street, after overtaking Amazon's market capitalisation for the first time in two decades, according to Reuters.

Nvidia, the leading AI chipmaker, is on the brink of surpassing Alphabet as the third most valuable company on Wall Street, after overtaking Amazon's market capitalisation for the first time in two decades, according to Reuters. Nvidia's market cap reached $1.78 trillion, exceeding Amazon's $1.75 trillion, as the latter's shares declined by 2.15 per cent. Alphabet, Google's parent company, saw a 1.62 per cent dip in its stock, leaving its market value at $1.81 trillion. The surge in Nvidia's market value comes as the company benefits from the tech industry's push to integrate AI into various products and services. Major tech firms like Meta Platforms are heavily investing in Nvidia's graphics processors, leading to a significant increase in demand for its components. Analysts foresee substantial potential for Nvidia in the AI sector, with Mizuho raising its price target for Nvidia's stock ahead of its quarterly results. Nvidia's dominance in the high-end AI chip market, controlling about 80 per cent of it, has propelled its stock to new heights. Mizuho analyst Vijay Rakesh highlighted the persistent high demand for Nvidia's processors, indicating significant AI upside for the company. This optimism extends to other tech giants like Microsoft and Meta, whose stocks have rallied due to AI-related optimism. Alphabet, while facing competition from Nvidia, has been actively incorporating AI technologies into its products and services. Despite this, the company's recent quarterly report failed to meet investors' expectations, leading to a drop in its stock price. Nevertheless, Alphabet's stock remains up by 4 per cent in 2024, showcasing a resilient performance amidst the competitive tech landscape. Nvidia briefly surpassed Amazon's market capitalisation on Monday, marking a significant milestone for the company. This achievement reflects Nvidia's remarkable growth trajectory since its early days when its market value was under $6 billion. The current surge in Nvidia's market cap echoes its strong positioning in the AI market and underscores its potential for further expansion. (With inputs from Reuters)

Nvidia on the brink of overtaking Alphabet in market cap after Amazon

<o:p></o:p>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.<o:p></o:p>

US dollar hits 3-month high on strong inflation data, surpasses 150 yen mark<o:p></o:p>

The US dollar surged to three-month highs on Tuesday, propelled by robust inflation data that exceeded economists' expectations for January.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/us-dollar-hits-3-month-high-on-strong-inflation-data-surpasses-150-yen-mark-690078">Read more here</a> <o:p></o:p>

SpaceX fined after worker injury, records reveal history of safety concerns<o:p></o:p>

Elon Musk's SpaceX was fined $3,600 this month following an incident at its Washington state site that nearly resulted in an amputation, as per inspection records reviewed by Reuters.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/spacex-fined-after-worker-injury-records-reveal-history-of-safety-concerns-690084">Read more here</a><o:p></o:p>

Nvidia on the brink of overtaking Alphabet in market after Amazon<o:p></o:p>

Nvidia, the leading AI chipmaker, is on the brink of surpassing Alphabet as the third most valuable company on Wall Street, after overtaking Amazon's market capitalisation for the first time in two decades, according to Reuters.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/nvidia-on-the-brink-of-overtaking-alphabet-in-market-after-amazon-690089">Read more here </a><o:p></o:p>

Barclays faces lawsuit over discrimination allegations from vice president<o:p></o:p>

A vice president at Barclays has filed a lawsuit against the British bank, seeking approximately $290,000, alleging racial, religious, and gender discrimination.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/barclays-faces-lawsuit-over-discrimination-allegations-from-vice-president-690094">Read more here </a><o:p></o:p>

Walmart in advanced talks to acquire Vizio for over $2 bn, boosting TV market control<o:p></o:p>

Retail giant Walmart is reportedly in advanced discussions to acquire smart-television manufacturer Vizio for a sum exceeding $2 billion, as reported by the Wall Street Journal on Tuesday.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/walmart-in-advanced-talks-to-acquire-vizio-for-over-2-bn-boosting-tv-market-control-690100">Read more here </a><o:p></o:p>

Rising rents propel US inflation; rate cuts still anticipated in 2024<o:p></o:p>

The latest data from the Labour Department revealed a higher-than-anticipated increase in US consumer prices in January, driven primarily by a surge in the cost of rental housing.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/rising-rents-propel-us-inflation-rate-cuts-still-anticipated-in-2024-690133">Read more here </a><o:p></o:p>

Disneyland character performers announce plans to unionise, seeking better benefits<o:p></o:p>

Character performers at Disneyland, embodying beloved figures like Mickey Mouse, Donald Duck, and Goofy, have disclosed intentions to join the Actors' Equity Association, a union representing professionals in live theatrical performance.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/disneyland-character-performers-announce-plans-to-unionise-seeking-better-benefits-690139">Read more here </a><o:p></o:p>

China's declining birth rate puts teachers' jobs at risk: Millions face uncertain future by 2035<o:p></o:p>

In the wake of China's plummeting birth rate, the future of teaching, once considered a steadfast career choice in the nation, is now cast in uncertainty, the South China Morning Post (SCMP) reported.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/chinas-declining-birth-rate-puts-teachers-jobs-at-risk-millions-face-uncertain-future-by-2035-690148">Read more here </a><o:p></o:p>

Love is in the air, but is it in your budget? Exploring the economic impact of Valentine's Day<o:p></o:p>

While millions prepare to celebrate love with chocolates, cards, and cosy dinners, the question arises: how much does this day of affection truly cost the economy, and is the pressure to spend worth it?

<a href="https://www.wionews.com/business-economy/love-is-in-the-air-but-is-it-in-your-budget-exploring-the-economic-impact-of-valentines-day-690154">Read more here </a><o:p></o:p>

Toyota announces leadership changes at Daihatsu following safety test scandal

In response to the revelation of rigged collision safety-tests, Toyota Motor Corp announced significant leadership changes within Daihatsu Motor, with both the president and chairman set to step down.

<a href="https://www.wionews.com/business-economy/toyota-announces-leadership-changes-at-daihatsu-following-safety-test-scandal-690175">Read more here</a>

FTC's antitrust lawsuit against Amazon scheduled for October 2026 trial

A US federal judge has set an October 2026 trial date for the Federal Trade Commission's (FTC) antitrust lawsuit against Amazon.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/ftcs-antitrust-lawsuit-against-amazon-scheduled-for-october-2026-trial-690168">Read more here</a><o:p></o:p>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. US dollar hits 3-month high on strong inflation data, surpasses 150 yen mark The US dollar surged to three-month highs on Tuesday, propelled by robust inflation data that exceeded economists' expectations for January.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. US dollar hits 3-month high on strong inflation data, surpasses 150 yen mark The US dollar surged to three-month highs on Tuesday, propelled by robust inflation data that exceeded economists' expectations for January. Read more here SpaceX fined after worker injury, records reveal history of safety concerns Elon Musk's SpaceX was fined $3,600 this month following an incident at its Washington state site that nearly resulted in an amputation, as per inspection records reviewed by Reuters. Read more here Nvidia on the brink of overtaking Alphabet in market after Amazon Nvidia, the leading AI chipmaker, is on the brink of surpassing Alphabet as the third most valuable company on Wall Street, after overtaking Amazon's market capitalisation for the first time in two decades, according to Reuters. Read more here Barclays faces lawsuit over discrimination allegations from vice president A vice president at Barclays has filed a lawsuit against the British bank, seeking approximately $290,000, alleging racial, religious, and gender discrimination. Read more here Walmart in advanced talks to acquire Vizio for over $2 bn, boosting TV market control Retail giant Walmart is reportedly in advanced discussions to acquire smart-television manufacturer Vizio for a sum exceeding $2 billion, as reported by the Wall Street Journal on Tuesday. Read more here Rising rents propel US inflation; rate cuts still anticipated in 2024 The latest data from the Labour Department revealed a higher-than-anticipated increase in US consumer prices in January, driven primarily by a surge in the cost of rental housing. Read more here Disneyland character performers announce plans to unionise, seeking better benefits Character performers at Disneyland, embodying beloved figures like Mickey Mouse, Donald Duck, and Goofy, have disclosed intentions to join the Actors' Equity Association, a union representing professionals in live theatrical performance. Read more here China's declining birth rate puts teachers' jobs at risk: Millions face uncertain future by 2035 In the wake of China's plummeting birth rate, the future of teaching, once considered a steadfast career choice in the nation, is now cast in uncertainty, the South China Morning Post (SCMP) reported. Read more here Love is in the air, but is it in your budget? Exploring the economic impact of Valentine's Day While millions prepare to celebrate love with chocolates, cards, and cosy dinners, the question arises: how much does this day of affection truly cost the economy, and is the pressure to spend worth it? Read more here Toyota announces leadership changes at Daihatsu following safety test scandal In response to the revelation of rigged collision safety-tests, Toyota Motor Corp announced significant leadership changes within Daihatsu Motor, with both the president and chairman set to step down. Read more here FTC's antitrust lawsuit against Amazon scheduled for October 2026 trial A US federal judge has set an October 2026 trial date for the Federal Trade Commission's (FTC) antitrust lawsuit against Amazon. Read more here

WION Business Wrap | US dollar’s 3-month high, Nvidia’s rising market value and more

The tech landscape is witnessing multiple shifts in 2024. January saw Microsoft overtaking Apple to become world’s most valuable company. Now chipmaker Nvidia briefly outpaced e-commerce giant Amazon in market capitalisation.

Nvidia briefly surpasses Amazon in market capitalisation

Leading chip maker Nvidia is now aiming to capture a growing segment. We are talking about custom AI chips, where rivals Broadcom & Marvell dominate. The report takes a deep dive into nvidia's plans for the 30 billion dollar segment.

Report: Nvidia building new business catering to cloud computing

The company is on the verge of becoming more valuable than amazon for the first time since 2002. A 40% surge in 2024 has elevated Nvidia's market cap to 1.715 trillion dollars. That's only about 3% below amazon's 1.767 trillion dollar value.

Nvidia on the verge of becoming more valuable than amazon

<o:p></o:p>Nvidia, the AI chipmaker, is on the verge of surpassing Amazon in market value, fuelled by Wall Street's fervour for artificial intelligence, as reported by Reuters.<o:p></o:p>

With a 40 per cent surge in 2024, Nvidia's market capitalisation stands at $1.715 trillion, just 3 per cent short of Amazon's $1.767 trillion. <o:p></o:p>

Additionally, it is trailing closely behind Alphabet, Google's parent company, which boasts a $1.812 trillion valuation. <o:p></o:p>

The soaring trajectory of Nvidia's shares, rising 1.8 per cent to $694.48 after an optimistic report from Morgan Stanley, positions the AI giant as a formidable player in the market.<o:p></o:p>

Morgan Stanley's recent report has contributed to the positive sentiment surrounding Nvidia. <o:p></o:p>

Analyst Joseph Moore, in a client note, emphasised the surging demand for AI, prompting the firm to raise Nvidia's price target from $603 to $750. <o:p></o:p>

Nvidia, having tripled its stock value in 2023, now holds the fifth position among the most valuable companies in the US stock market. <o:p></o:p>

The company is gearing up to report its quarterly results on February 21, maintaining the spotlight on its robust performance.<o:p></o:p>

Nvidia's prominence in the AI landscape has been propelled by tech giants like Meta Platforms and others integrating its graphics processors into their products and services. <o:p></o:p>

The company has emerged as a top beneficiary in the race to infuse AI capabilities across various industries. <o:p></o:p>

Cloud-computing providers offering Nvidia's processors are witnessing high demand, leading to months-long waiting lists for AI developers. <o:p></o:p>

Morgan Stanley's Moore pointed out that while these wait times are gradually decreasing, the sustained demand underscores Nvidia's pivotal role in the AI ecosystem.<o:p></o:p>

This impending milestone for Nvidia marks the first time in two decades that it is on the verge of surpassing Amazon in market value. <o:p></o:p>

The last instance was in 2002 when both companies were valued under $6 billion. <o:p></o:p>

Microsoft's recent achievement in becoming the world's most valuable company, surpassing Apple, adds to the dynamic landscape of tech leaders vying for the top spots. <o:p></o:p>

While Nvidia's surge in market value is noteworthy, Saudi Aramco remains the world's third most valuable publicly listed company, with a market capitalisation of $2 trillion. <o:p></o:p>

However, it's essential to note that over 90 per cent of Saudi Aramco is closely held by the Saudi Arabian government, and less than 2 per cent of its shares are available for trading by investors. <o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Nvidia, the AI chipmaker, is on the verge of surpassing Amazon in market value, fuelled by Wall Street's fervour for artificial intelligence, as reported by Reuters.

Nvidia, the AI chipmaker, is on the verge of surpassing Amazon in market value, fuelled by Wall Street's fervour for artificial intelligence, as reported by Reuters. With a 40 per cent surge in 2024, Nvidia's market capitalisation stands at $1.715 trillion, just 3 per cent short of Amazon's $1.767 trillion. Additionally, it is trailing closely behind Alphabet, Google's parent company, which boasts a $1.812 trillion valuation. The soaring trajectory of Nvidia's shares, rising 1.8 per cent to $694.48 after an optimistic report from Morgan Stanley, positions the AI giant as a formidable player in the market. Morgan Stanley's recent report has contributed to the positive sentiment surrounding Nvidia. Analyst Joseph Moore, in a client note, emphasised the surging demand for AI, prompting the firm to raise Nvidia's price target from $603 to $750. Nvidia, having tripled its stock value in 2023, now holds the fifth position among the most valuable companies in the US stock market. The company is gearing up to report its quarterly results on February 21, maintaining the spotlight on its robust performance. Nvidia's prominence in the AI landscape has been propelled by tech giants like Meta Platforms and others integrating its graphics processors into their products and services. The company has emerged as a top beneficiary in the race to infuse AI capabilities across various industries. Cloud-computing providers offering Nvidia's processors are witnessing high demand, leading to months-long waiting lists for AI developers. Morgan Stanley's Moore pointed out that while these wait times are gradually decreasing, the sustained demand underscores Nvidia's pivotal role in the AI ecosystem. This impending milestone for Nvidia marks the first time in two decades that it is on the verge of surpassing Amazon in market value. The last instance was in 2002 when both companies were valued under $6 billion. Microsoft's recent achievement in becoming the world's most valuable company, surpassing Apple, adds to the dynamic landscape of tech leaders vying for the top spots. While Nvidia's surge in market value is noteworthy, Saudi Aramco remains the world's third most valuable publicly listed company, with a market capitalisation of $2 trillion. However, it's essential to note that over 90 per cent of Saudi Aramco is closely held by the Saudi Arabian government, and less than 2 per cent of its shares are available for trading by investors. (With inputs from Reuters)

Nvidia's soaring value nears Amazon amid AI frenzy: Report

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;

RBI keeps interest rates steady at 6.5pc, revises GDP growth outlook for 2023-24

The Reserve Bank of India (RBI) has opted to maintain the status quo on interest rates, keeping the repo rates unchanged at 6.5 per cent. This decision marks a continuation of the RBI's approach over the past year, where the repo rate has remained at 6.5 per cent since the last increase in February 2023.&nbsp;

<a href="https://www.wionews.com/business-economy/rbi-keeps-interest-rates-steady-at-65pc-revises-gdp-growth-outlook-for-2023-24-688105">Read more&nbsp;</a>

Nvidia's soaring value nears Amazon amid AI frenzy: Report

Nvidia, the AI chipmaker, is on the verge of surpassing Amazon in market value, fuelled by Wall Street's fervour for artificial intelligence.&nbsp;

<a href="https://www.wionews.com/business-economy/nvidias-soaring-value-nears-amazon-in-ai-frenzy-report-688103">Read more&nbsp;</a>

China faces its biggest deflation threat since 2009 as consumer prices plummet

China encountered its deepest deflationary threat since 2009 as consumer prices witnessed a severe decline in January, highlighting the persistent challenges for the world's second-largest economy in its struggle for recovery.

<a href="https://www.wionews.com/business-economy/china-faces-deepest-deflation-risks-since-2009-as-consumer-prices-plummet-688110">Read more&nbsp;</a>

Mexico surpasses China as top source of US imports amid global economic shifts

In a significant economic shift, Mexico has emerged as the leading source of goods imported to the United States, overtaking China for the first time in more than two decades.

<a href="here https://www.wionews.com/business-economy/mexico-surpasses-china-as-top-source-of-us-imports-amid-global-economic-shifts-688161">Read more</a>

Uncertainty looms over US treasury market as Fed signals caution

In a twist for the fixed-income market, uncertainty is making a comeback after the Federal Reserve's recent statements and robust economic data threw a curveball into expectations.

<a href="here https://www.wionews.com/business-economy/uncertainty-looms-over-us-treasury-market-as-fed-signals-caution-688134">Read more</a>

UAE's ADIA unveils ambitious $4-5bn investment plan in India via Gujarat's finance hub

The Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, is preparing to launch a substantial $4-5 billion fund aimed at investing in India through the tax-neutral finance hub in Gujarat, known as Gujarat International Finance Tec-City (GIFT City).

<a href="here https://www.wionews.com/business-economy/uaes-adia-unveils-ambitious-4-5bn-investment-plan-in-india-via-gujarats-finance-hub-688141">Read more</a>

Snap faces investor backlash as ad revenue stumbles against tech giants Meta, Alphabet

In a staggering downturn, Snap, the parent company of Snapchat, witnessed a sharp decline of over 32 per cent in its shares on Wednesday, following disappointing fourth-quarter revenue results that fell short of Wall Street expectations.

<a href="https://www.wionews.com/business-economy/snap-faces-investor-backlash-as-ad-revenue-stumbles-against-tech-giants-meta-alphabet-688153">Read more</a>

German property market faces bleak outlook as TAG Immobilen warns of 30pc price decline

In a stark warning, TAG Immobilen, one of Germany's largest landlords, has forecasted that home prices in the country could plunge as much as 30 per cent below their 2022 peak, portraying a more pessimistic outlook than its counterparts.

<a href="here https://www.wionews.com/business-economy/german-property-market-faces-bleak-outlook-as-tag-immobilen-warns-of-30pc-price-decline-688156">Read more</a>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. RBI keeps interest rates steady at 6.5pc, revises GDP growth outlook for 2023-24 The Reserve Bank of India (RBI) has opted to maintain the status quo on interest rates, keeping the repo rates unchanged at 6.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. RBI keeps interest rates steady at 6.5pc, revises GDP growth outlook for 2023-24 The Reserve Bank of India (RBI) has opted to maintain the status quo on interest rates, keeping the repo rates unchanged at 6.5 per cent. This decision marks a continuation of the RBI's approach over the past year, where the repo rate has remained at 6.5 per cent since the last increase in February 2023. Read more Nvidia's soaring value nears Amazon amid AI frenzy: Report Nvidia, the AI chipmaker, is on the verge of surpassing Amazon in market value, fuelled by Wall Street's fervour for artificial intelligence. Read more China faces its biggest deflation threat since 2009 as consumer prices plummet China encountered its deepest deflationary threat since 2009 as consumer prices witnessed a severe decline in January, highlighting the persistent challenges for the world's second-largest economy in its struggle for recovery. Read more Mexico surpasses China as top source of US imports amid global economic shifts In a significant economic shift, Mexico has emerged as the leading source of goods imported to the United States, overtaking China for the first time in more than two decades. Read more Uncertainty looms over US treasury market as Fed signals caution In a twist for the fixed-income market, uncertainty is making a comeback after the Federal Reserve's recent statements and robust economic data threw a curveball into expectations. Read more UAE's ADIA unveils ambitious $4-5bn investment plan in India via Gujarat's finance hub The Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, is preparing to launch a substantial $4-5 billion fund aimed at investing in India through the tax-neutral finance hub in Gujarat, known as Gujarat International Finance Tec-City (GIFT City). Read more Snap faces investor backlash as ad revenue stumbles against tech giants Meta, Alphabet In a staggering downturn, Snap, the parent company of Snapchat, witnessed a sharp decline of over 32 per cent in its shares on Wednesday, following disappointing fourth-quarter revenue results that fell short of Wall Street expectations. Read more German property market faces bleak outlook as TAG Immobilen warns of 30pc price decline In a stark warning, TAG Immobilen, one of Germany's largest landlords, has forecasted that home prices in the country could plunge as much as 30 per cent below their 2022 peak, portraying a more pessimistic outlook than its counterparts. Read more

WION Business Wrap | UAE's investment in India, Nvidia's valuation surge and more

Nvidia reached a new pinnacle on Monday as Goldman Sachs increased its price target for the company's shares, anticipating earnings growth driven by the ongoing artificial intelligence (AI) boom. <o:p></o:p>

According to a Reuters report, the stock experienced a 4 per cent surge, reaching $689.21, poised to contribute approximately $70 billion to Nvidia's market capitalisation, which stood at $1.63 trillion at Friday's close.<o:p></o:p>

Recognised as a symbol of the AI frenzy, Nvidia witnessed a historic monthly increase in market value in January, reflecting its prominent position in the rapidly evolving tech landscape.<o:p></o:p>

Goldman Sachs analyst Toshiya Hari expressed confidence in Nvidia's continued success.<o:p></o:p>

"We believe Nvidia will remain as the industry gold standard for the foreseeable future, given its robust hardware and software offerings and, importantly, the pace at which it continues to innovate," Reuters quoted him as saying.<o:p></o:p>

Despite the significant growth in Nvidia's stock price, up 39 per cent this year, Hari sees further potential for expansion. <o:p></o:p>

The analyst raised the price target to $800, marking a 21 per cent upside from current levels and reflecting the continued optimism surrounding Nvidia's future performance.<o:p></o:p>

The AI-focused growth strategy extends beyond Nvidia, with signs of AI monetisation evident in various companies. <o:p></o:p>

Hari pointed to positive developments from tech giants such as Microsoft and Meta Platforms, as well as encouraging earnings outlooks from AI server maker Super Micro Computer. <o:p></o:p>

These indicators contribute to Goldman Sachs' decision to raise full-year 2025-2026 earnings estimates for Nvidia by an average of 22 per cent. <o:p></o:p>

The anticipated robust demand for AI servers and improving graphics processing unit (GPU) supply further underlines the positive trajectory projected for Nvidia in the coming years.<o:p></o:p>

While Nvidia thrives on the AI wave, other chipmakers not deeply involved in AI, like Intel, have experienced a relative lag in their stock performance. <o:p></o:p>

Nvidia's dominance in the AI market has unlocked substantial revenue, setting it apart in an industry where AI capabilities are becoming increasingly integral. <o:p></o:p>

The company is poised to report its results on February 21, with analysts forecasting fourth-quarter earnings per share of $4.51 and revenue of $20.19 billion, based on LSEG data.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Nvidia reached a new pinnacle on Monday as Goldman Sachs increased its price target for the company's shares, anticipating earnings growth driven by the ongoing artificial intelligence (AI) boom.

Nvidia reached a new pinnacle on Monday as Goldman Sachs increased its price target for the company's shares, anticipating earnings growth driven by the ongoing artificial intelligence (AI) boom. According to a Reuters report, the stock experienced a 4 per cent surge, reaching $689.21, poised to contribute approximately $70 billion to Nvidia's market capitalisation, which stood at $1.63 trillion at Friday's close. Recognised as a symbol of the AI frenzy, Nvidia witnessed a historic monthly increase in market value in January, reflecting its prominent position in the rapidly evolving tech landscape. Goldman Sachs analyst Toshiya Hari expressed confidence in Nvidia's continued success. "We believe Nvidia will remain as the industry gold standard for the foreseeable future, given its robust hardware and software offerings and, importantly, the pace at which it continues to innovate," Reuters quoted him as saying. Despite the significant growth in Nvidia's stock price, up 39 per cent this year, Hari sees further potential for expansion. The analyst raised the price target to $800, marking a 21 per cent upside from current levels and reflecting the continued optimism surrounding Nvidia's future performance. The AI-focused growth strategy extends beyond Nvidia, with signs of AI monetisation evident in various companies. Hari pointed to positive developments from tech giants such as Microsoft and Meta Platforms, as well as encouraging earnings outlooks from AI server maker Super Micro Computer. These indicators contribute to Goldman Sachs' decision to raise full-year 2025-2026 earnings estimates for Nvidia by an average of 22 per cent. The anticipated robust demand for AI servers and improving graphics processing unit (GPU) supply further underlines the positive trajectory projected for Nvidia in the coming years. While Nvidia thrives on the AI wave, other chipmakers not deeply involved in AI, like Intel, have experienced a relative lag in their stock performance. Nvidia's dominance in the AI market has unlocked substantial revenue, setting it apart in an industry where AI capabilities are becoming increasingly integral. The company is poised to report its results on February 21, with analysts forecasting fourth-quarter earnings per share of $4.51 and revenue of $20.19 billion, based on LSEG data. (With inputs from Reuters)

Nvidia surges to record high as Goldman Sachs boosts price target on AI growth

Shares of Nvidia and Advanced Micro Devices (AMD) experienced a significant surge on Tuesday as investor confidence in the growing demand for artificial intelligence (AI)-powered chips prompted Wall Street analysts to raise their price targets for these semiconductor giants. <o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

Nvidia, currently holding a dominant position in the advanced AI chip market, faces competition from AMD, which is anticipated to make strides this year, increasing deliveries of its own chips to enterprise clients, according to Barclays analysts led by Tom O'Malley.<o:p></o:p>

Barclays analysts noted in an investor note that with supply constraints, customers often resort to using the entire Nvidia platform to secure priority shipments of accelerators.<o:p></o:p>

They anticipate that 2024 will be the year when AI opens up further, with other chipmakers like AMD gaining market share.<o:p></o:p>

Nvidia's stock witnessed a 3 per cent increase, reaching $563.65 and setting a new record high. <o:p></o:p>

Simultaneously, AMD shares surged by 7.5 per cent to $157.57, reaching their highest level in over two years. <o:p></o:p>

Nvidia's shares more than tripled in value in the past year, making it the world's most valuable chipmaker, while AMD's shares more than doubled.<o:p></o:p>

Barclays raised its price target for AMD shares to $200 from $120, reflecting the positive outlook for the company. <o:p></o:p>

KeyBanc analysts also increased their price target for AMD to $195 from $170. <o:p></o:p>

Nvidia, too, received a price target hike to $740 from $650 from KeyBanc. <o:p></o:p>

Both Nvidia and AMD are currently among the top gainers in the PHLX semiconductor index, which showed a 1.15 per cent increase during the session.<o:p></o:p>

Analysts covering Nvidia's stock maintain a median price target of $625, slightly down from $627.50 a month ago. The collective recommendation for the stock is "buy." Conversely, analysts covering AMD's shares have a median price target of $145, up from $130 a month ago, with a collective recommendation to buy the stock [Reuters].<o:p></o:p>

In a strategic move, Nvidia plans to commence mass production later this year of an AI chip tailored for its Chinese customers, aligning with tightened US export rules. <o:p></o:p>

On the other hand, AMD, aiming to challenge Nvidia's flagship microprocessors, announced two new AI data centre chips in December.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Shares of Nvidia and Advanced Micro Devices (AMD) experienced a significant surge on Tuesday as investor confidence in the growing demand for artificial intelligence (AI)-powered chips prompted Wall Street analysts to raise their price targets for these semiconductor giants.

Shares of Nvidia and Advanced Micro Devices (AMD) experienced a significant surge on Tuesday as investor confidence in the growing demand for artificial intelligence (AI)-powered chips prompted Wall Street analysts to raise their price targets for these semiconductor giants. This is based on a Reuters report. Nvidia, currently holding a dominant position in the advanced AI chip market, faces competition from AMD, which is anticipated to make strides this year, increasing deliveries of its own chips to enterprise clients, according to Barclays analysts led by Tom O'Malley. Barclays analysts noted in an investor note that with supply constraints, customers often resort to using the entire Nvidia platform to secure priority shipments of accelerators. They anticipate that 2024 will be the year when AI opens up further, with other chipmakers like AMD gaining market share. Nvidia's stock witnessed a 3 per cent increase, reaching $563.65 and setting a new record high. Simultaneously, AMD shares surged by 7.5 per cent to $157.57, reaching their highest level in over two years. Nvidia's shares more than tripled in value in the past year, making it the world's most valuable chipmaker, while AMD's shares more than doubled. Barclays raised its price target for AMD shares to $200 from $120, reflecting the positive outlook for the company. KeyBanc analysts also increased their price target for AMD to $195 from $170. Nvidia, too, received a price target hike to $740 from $650 from KeyBanc. Both Nvidia and AMD are currently among the top gainers in the PHLX semiconductor index, which showed a 1.15 per cent increase during the session. Analysts covering Nvidia's stock maintain a median price target of $625, slightly down from $627.50 a month ago. The collective recommendation for the stock is "buy." Conversely, analysts covering AMD's shares have a median price target of $145, up from $130 a month ago, with a collective recommendation to buy the stock [Reuters]. In a strategic move, Nvidia plans to commence mass production later this year of an AI chip tailored for its Chinese customers, aligning with tightened US export rules. On the other hand, AMD, aiming to challenge Nvidia's flagship microprocessors, announced two new AI data centre chips in December. (With inputs from Reuters)

Nvidia and AMD shares soar as analysts boost price targets amid AI optimism

Intel on Tuesday marked its entry into the competitive arena of automotive semiconductors, challenging industry leaders Nvidia and Qualcomm. &nbsp;

According to Reuters, Intel aims to roll out automotive versions of its latest AI-enabled chips, designed to power the intelligence systems of future vehicles. &nbsp;

Intel's foray into the automotive semiconductor market includes the acquisition of French startup Silicon Mobility, specialising in system-on-a-chip technology and software for electric vehicle (EV) motors and onboard charging systems.&nbsp;

&nbsp;Although the purchase price remains undisclosed, the acquisition is seen as a strategic move to strengthen Intel's position in the EV segment. &nbsp;

Zeekr, a Chinese automaker, is set to be the first to implement Intel's AI system on a chip, integrating advanced features like AI voice assistants and video conferencing to create an "enhanced living room experience" within vehicles.&nbsp;

Reuters cited Jack Weast, Chief of Intel's automotive business, who highlighted the company's commitment to adapting its AI PC technology for vehicles, emphasising durability and performance to meet the demanding automotive environment. &nbsp;

Weast acknowledged Intel's previous under communication of success in the automotive sector and expressed the company's determination to change that narrative.&nbsp;

&nbsp;Intel aims to differentiate itself by providing versatile chips that can be utilised across a spectrum of vehicles, from entry-level to premium, challenging the scalability and cost-effectiveness of competitors like Nvidia.&nbsp;

In a bid to outpace rivals, Weast emphasised Intel's commitment to offering chips that are adaptable to various automotive needs, allowing automakers flexibility across their product lines. &nbsp;

Weast pointed out the potential scalability issues and high costs associated with powerful products, indirectly referring to Nvidia's offerings. &nbsp;

Nvidia, in response, formed an alliance with MediaTek to provide more cost-effective chipsets, targeting the demand for technology in lower-priced vehicles. &nbsp;

Additionally, Weast underscored Intel's commitment to being "agnostic" regarding the technology chosen by automakers for functions like automated driving. The company aims to provide options for integrating specific functions at a lower cost, offering flexibility to automakers.&nbsp;

Intel will not mandate the use of advanced driving chips from its Mobileye unit, allowing automakers to incorporate their own chiplets into Intel's system.&nbsp;

(With inputs from Reuters)&nbsp;

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Intel on Tuesday marked its entry into the competitive arena of automotive semiconductors, challenging industry leaders Nvidia and Qualcomm. According to Reuters, Intel aims to roll out automotive versions of its latest AI-enabled chips, designed to power the intelligence systems of future vehicles.

Intel on Tuesday marked its entry into the competitive arena of automotive semiconductors, challenging industry leaders Nvidia and Qualcomm. According to Reuters, Intel aims to roll out automotive versions of its latest AI-enabled chips, designed to power the intelligence systems of future vehicles. Intel's foray into the automotive semiconductor market includes the acquisition of French startup Silicon Mobility, specialising in system-on-a-chip technology and software for electric vehicle (EV) motors and onboard charging systems. Although the purchase price remains undisclosed, the acquisition is seen as a strategic move to strengthen Intel's position in the EV segment. Zeekr, a Chinese automaker, is set to be the first to implement Intel's AI system on a chip, integrating advanced features like AI voice assistants and video conferencing to create an "enhanced living room experience" within vehicles. Reuters cited Jack Weast, Chief of Intel's automotive business, who highlighted the company's commitment to adapting its AI PC technology for vehicles, emphasising durability and performance to meet the demanding automotive environment. Weast acknowledged Intel's previous under communication of success in the automotive sector and expressed the company's determination to change that narrative. Intel aims to differentiate itself by providing versatile chips that can be utilised across a spectrum of vehicles, from entry-level to premium, challenging the scalability and cost-effectiveness of competitors like Nvidia. In a bid to outpace rivals, Weast emphasised Intel's commitment to offering chips that are adaptable to various automotive needs, allowing automakers flexibility across their product lines. Weast pointed out the potential scalability issues and high costs associated with powerful products, indirectly referring to Nvidia's offerings. Nvidia, in response, formed an alliance with MediaTek to provide more cost-effective chipsets, targeting the demand for technology in lower-priced vehicles. Additionally, Weast underscored Intel's commitment to being "agnostic" regarding the technology chosen by automakers for functions like automated driving. The company aims to provide options for integrating specific functions at a lower cost, offering flexibility to automakers. Intel will not mandate the use of advanced driving chips from its Mobileye unit, allowing automakers to incorporate their own chiplets into Intel's system. (With inputs from Reuters) WATCH WION LIVE HERE

Intel unveils AI-powered chips for Cars, takes on Nvidia and Qualcomm  

Nvidia plans to commence mass production of its highly anticipated h20 ai chip in the second quarter of 2024. This comes as it navigates uncertainties amid US Export rules.

Nvidia to launch China-focused AI chip | World Business Watch

In a strategic move to adhere to US export regulations, Nvidia, the US chipmaker, is gearing up to commence mass production of its H20 artificial intelligence (AI) chip in the second quarter of 2024, catering specifically to the Chinese market. <o:p></o:p>

According to a Reuters report, this initiative comes as Nvidia aims to navigate and comply with the restrictions outlined in October. <o:p></o:p>

While originally slated for launch in November, delays were reported due to integration challenges faced by server manufacturers. <o:p></o:p>

The H20 chip, considered the most potent among the three designed for China, is set to undergo limited initial production, with a primary focus on fulfilling major customer orders.<o:p></o:p>

Chinese companies, however, reportedly exhibit reluctance in purchasing the downgraded H20, exploring domestic alternatives amidst concerns that the US might further tighten restrictions. <o:p></o:p>

Notably, last year, Baidu, a leading search engine company, opted for AI chips from Huawei Technologies, signalling a shift away from Nvidia. <o:p></o:p>

The other two chips designed to comply with the new restrictions, namely the L20 and L2, are also part of Nvidia's strategy, with sales announcements pending. <o:p></o:p>

The chipmaker launched a modified version of an advanced gaming chip in late December, marking its commitment to preserving its market share in China amid tightened export regulations.<o:p></o:p>

Nvidia's A800 and H800 AI chips, initially introduced as alternatives for Chinese customers in November 2022, faced restrictions in shipping due to tightened US export regulations. <o:p></o:p>

In response, Nvidia's H20, L20, and L2 chips aim to incorporate most of the company's cutting-edge AI features while adhering to computing power reductions mandated by the new rules.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

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In a strategic move to adhere to US export regulations, Nvidia, the US chipmaker, is gearing up to commence mass production of its H20 artificial intelligence (AI) chip in the second quarter of 2024, catering specifically to the Chinese market.

In a strategic move to adhere to US export regulations, Nvidia, the US chipmaker, is gearing up to commence mass production of its H20 artificial intelligence (AI) chip in the second quarter of 2024, catering specifically to the Chinese market. According to a Reuters report, this initiative comes as Nvidia aims to navigate and comply with the restrictions outlined in October. While originally slated for launch in November, delays were reported due to integration challenges faced by server manufacturers. The H20 chip, considered the most potent among the three designed for China, is set to undergo limited initial production, with a primary focus on fulfilling major customer orders. Chinese companies, however, reportedly exhibit reluctance in purchasing the downgraded H20, exploring domestic alternatives amidst concerns that the US might further tighten restrictions. Notably, last year, Baidu, a leading search engine company, opted for AI chips from Huawei Technologies, signalling a shift away from Nvidia. The other two chips designed to comply with the new restrictions, namely the L20 and L2, are also part of Nvidia's strategy, with sales announcements pending. The chipmaker launched a modified version of an advanced gaming chip in late December, marking its commitment to preserving its market share in China amid tightened export regulations. Nvidia's A800 and H800 AI chips, initially introduced as alternatives for Chinese customers in November 2022, faced restrictions in shipping due to tightened US export regulations. In response, Nvidia's H20, L20, and L2 chips aim to incorporate most of the company's cutting-edge AI features while adhering to computing power reductions mandated by the new rules. (With inputs from Reuters) WATCH WION LIVE HERE

Nvidia set to launch China-Focused AI chip in Q2 2024 amid export rule compliance

With fashion trends returning to the late 90s and early 2000s, one retail business has emerged as a clear winner this year. Abercrombie & Fitch's stock surged by 300% in value, marking its best yearly result since going public in 1996. The business has outperformed the S&P Index thanks to the surge, even surpassing the over 240% increase of artificial intelligence favourite Nvidia.

Abercrombie's 300% surge in 2023 beats sizzling-hot Nvidia

US chip making giant nvidia has decided to comply with US curbs on chips exports to China. A Reuters report suggests that the chip maker is making chips that comply with the curbs announced earlier this year.

Nvidia working on chips that comply with export curbs: Reports | World Business Watch

Chip making giant Nvidia released its third-quarter earnings on Tuesday, once again surpassing Wall Street expectations as the demand for its chips fuelled by the artificial intelligence boom continues to surge. &nbsp;

The reported adjusted earnings per share of $4.02 and revenue of $18.12 billion exceeded analysts' expectations, with analysts anticipating $3.36 earnings per share on $16.1 billion in revenue. The robust Q3 report card showed a 34 per cent increase in revenue from the previous quarter and a whopping 206 per cent surge compared to the same period last year.

The company's guidance for the current quarter also outpaced estimates, with a projected revenue of $20 billion, plus or minus 2 per cent, while analysts were foreseeing a fourth-quarter guidance of $17.8 billion. &nbsp;

Nvidia CEO Jensen Huang attributed the growth to the industry's transition towards accelerated computing and generative AI large language models, with consumer internet companies and global cloud service providers leading the way.

Falling stocks

Despite these achievements, Nvidia's stock saw a 3 per cent decline on Wednesday, a reaction potentially tied to the company's acknowledgement of new restrictions on chip exports to China impacting its results. &nbsp;

Colette Kress, Nvidia's CFO, noted that sales to China and other affected destinations, representing about 20-25 per cent of Data Centre revenue, would decline significantly in Q4 of fiscal 2024 due to licensing requirements. However, Kress expressed confidence in mitigating this decline through strong growth in other regions.

Kress expanded on the impact of export restrictions, stating that the fourth-quarter guidance could have been higher without the restrictions. Yet, there's a possibility Nvidia might collaborate with the US government to launch new products. She acknowledged the uncertainty surrounding the magnitude and duration of the impact on their China business.

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Chip making giant Nvidia released its third-quarter earnings on Tuesday, once again surpassing Wall Street expectations as the demand for its chips fuelled by the artificial intelligence boom continues to surge.

Chip making giant Nvidia released its third-quarter earnings on Tuesday, once again surpassing Wall Street expectations as the demand for its chips fuelled by the artificial intelligence boom continues to surge. The reported adjusted earnings per share of $4.02 and revenue of $18.12 billion exceeded analysts' expectations, with analysts anticipating $3.36 earnings per share on $16.1 billion in revenue. The robust Q3 report card showed a 34 per cent increase in revenue from the previous quarter and a whopping 206 per cent surge compared to the same period last year. The company's guidance for the current quarter also outpaced estimates, with a projected revenue of $20 billion, plus or minus 2 per cent, while analysts were foreseeing a fourth-quarter guidance of $17.8 billion. Nvidia CEO Jensen Huang attributed the growth to the industry's transition towards accelerated computing and generative AI large language models, with consumer internet companies and global cloud service providers leading the way. Falling stocks Despite these achievements, Nvidia's stock saw a 3 per cent decline on Wednesday, a reaction potentially tied to the company's acknowledgement of new restrictions on chip exports to China impacting its results. Colette Kress, Nvidia's CFO, noted that sales to China and other affected destinations, representing about 20-25 per cent of Data Centre revenue, would decline significantly in Q4 of fiscal 2024 due to licensing requirements. However, Kress expressed confidence in mitigating this decline through strong growth in other regions. Kress expanded on the impact of export restrictions, stating that the fourth-quarter guidance could have been higher without the restrictions. Yet, there's a possibility Nvidia might collaborate with the US government to launch new products. She acknowledged the uncertainty surrounding the magnitude and duration of the impact on their China business. WATCH WION LIVE HERE

Nvidia soars beyond Wall Street estimates in Q3, but China concerns loom

Nvidia, the frontrunner in artificial intelligence chips, is set to announce another robust revenue forecast, riding on the success of its AI-powered technologies on Tuesday. However, all eyes are on the potential impact of the expanding U.S. restrictions on the sale of its high-end chips to China, which has become a major concern for investors.

According to Reuters, the company, which has seen a meteoric rise in its stock value, is facing scrutiny amid worries that the recent bans on specific chip sales to China could disrupt its market presence in the country, which accounts for over one-fifth of its revenue.

"There is an underlying assumption that Nvidia has total market dominance ... so anything that affects that perception ... is going to temper enthusiasm," Reuters cited Kyle Rodda, an analyst at Capital.com.

The Biden administration's recent ban on the sale of H800 and A800 chips to China, Nvidia's third-largest market, has stirred concerns about the company's outlook. Nvidia downplayed the immediate effects of the restrictions but saw a dip in its stock value following reports that up to $5 billion in Chinese orders might be at risk.

Navigating China's Chip Challenges: Nvidia's strategies unveiled

Before the latest export curbs, Nvidia's H800 chip was a standout performer in the Chinese market, outpacing competitors due to its superior performance. In response to the restrictions, Nvidia has developed three new chips tailored for the Chinese market.

Analysts suggest that while these chips may experience a reduction in overall performance due to controls imposed by the U.S., they could still find traction among Chinese customers while remaining acceptable to U.S. regulators.

Stacy Rasgon, an analyst at Bernstein, told Reuters about the challenge Nvidia faces: “While the prior workarounds required only small changes to the memory bandwidth of the parts, this time around, the nature of the controls forces a sharp reduction in overall performance."

Despite these hurdles, Rasgon believes that the chips may still be attractive to the Chinese market, potentially mitigating the impact of the export curbs.

AI giant's growth trajectory continues amidst headwinds from China

Nvidia is expected to reveal a staggering 173 per cent surge in revenue for the third quarter, according to analysts polled by LSEG. Wall Street projections anticipate a further 195 per cent increase in revenue for the current quarter. Despite concerns about the impact of Chinese restrictions, Nvidia's stock trades at 31 times its 12-month forward earnings estimates, still below the price-to-earnings ratio of rival AMD.

The company's commitment to innovation is evident in the introduction of the H200, a top-of-the-line chip for AI applications. With higher bandwidth memory, the H200 aims to maintain Nvidia's competitive edge over AMD, which is gearing up to release its MI300 chip.

Major cloud service providers, including Amazon Web Services, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure, will offer access to H200 chips. Additionally, specialty AI cloud providers CoreWeave, Lambda, and Vultr are set to join the ranks, marking another strategic move by Nvidia.

However, Morningstar analysts suggest, Nvidia's growth may eventually reduce the material importance of revenue from China.

(With inputs from Reuters)

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Nvidia, the frontrunner in artificial intelligence chips, is set to announce another robust revenue forecast, riding on the success of its AI-powered technologies on Tuesday.

Nvidia, the frontrunner in artificial intelligence chips, is set to announce another robust revenue forecast, riding on the success of its AI-powered technologies on Tuesday. However, all eyes are on the potential impact of the expanding U.S. restrictions on the sale of its high-end chips to China, which has become a major concern for investors. According to Reuters, the company, which has seen a meteoric rise in its stock value, is facing scrutiny amid worries that the recent bans on specific chip sales to China could disrupt its market presence in the country, which accounts for over one-fifth of its revenue. "There is an underlying assumption that Nvidia has total market dominance ... so anything that affects that perception ... is going to temper enthusiasm," Reuters cited Kyle Rodda, an analyst at Capital.com. The Biden administration's recent ban on the sale of H800 and A800 chips to China, Nvidia's third-largest market, has stirred concerns about the company's outlook. Nvidia downplayed the immediate effects of the restrictions but saw a dip in its stock value following reports that up to $5 billion in Chinese orders might be at risk. Navigating China's Chip Challenges: Nvidia's strategies unveiled Before the latest export curbs, Nvidia's H800 chip was a standout performer in the Chinese market, outpacing competitors due to its superior performance. In response to the restrictions, Nvidia has developed three new chips tailored for the Chinese market. Analysts suggest that while these chips may experience a reduction in overall performance due to controls imposed by the U.S., they could still find traction among Chinese customers while remaining acceptable to U.S. regulators. Stacy Rasgon, an analyst at Bernstein, told Reuters about the challenge Nvidia faces: “While the prior workarounds required only small changes to the memory bandwidth of the parts, this time around, the nature of the controls forces a sharp reduction in overall performance." Despite these hurdles, Rasgon believes that the chips may still be attractive to the Chinese market, potentially mitigating the impact of the export curbs. AI giant's growth trajectory continues amidst headwinds from China Nvidia is expected to reveal a staggering 173 per cent surge in revenue for the third quarter, according to analysts polled by LSEG. Wall Street projections anticipate a further 195 per cent increase in revenue for the current quarter. Despite concerns about the impact of Chinese restrictions, Nvidia's stock trades at 31 times its 12-month forward earnings estimates, still below the price-to-earnings ratio of rival AMD. The company's commitment to innovation is evident in the introduction of the H200, a top-of-the-line chip for AI applications. With higher bandwidth memory, the H200 aims to maintain Nvidia's competitive edge over AMD, which is gearing up to release its MI300 chip. Major cloud service providers, including Amazon Web Services, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure, will offer access to H200 chips. Additionally, specialty AI cloud providers CoreWeave, Lambda, and Vultr are set to join the ranks, marking another strategic move by Nvidia. However, Morningstar analysts suggest, Nvidia's growth may eventually reduce the material importance of revenue from China. (With inputs from Reuters) WATCH WION LIVE HERE

Nvidia's high-stakes dance: AI triumphs amidst China conundrum

All eyes are on tech powerhouse Nvidia as it gears up to reveal its third-quarter earnings. The spotlight isn't just on its financial performance but on the potential impact of widening US Restrictions on high-end chip sales to China.

Will China curbs dent the Nvidia's soaring growth?

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;

Nvidia's High-Stakes Dance: AI triumphs amidst China conundrum

The leading manufacturer of AI chips, Nvidia, is expected to release&nbsp;strong revenue projections on Tuesday based on the popularity of its AI-enabled products. Eyes are focused on the possible effects of the United States' increasing&nbsp;limitations on the sale of its premium chips to China, which has raised serious concerns among investors.&nbsp;

<a href="https://www.wionews.com/business-economy/nvidias-high-stakes-dance-ai-triumphs-amidst-china-conundrum-660974">Read more here</a>

Toronto's Housing Desperation: Half-a-Bed for C$ 900 a month amid soaring prices

Desperation in Toronto's housing market is evident with sky-high&nbsp;prices people are ready to pay to rent a half-bed. A half-bed was being offered for 900 Canadian dollars a month, according to the shocking Facebook post that has since been now removed.

<a href="https://www.wionews.com/business-economy/torontos-housing-desperation-half-a-bed-for-c-900-a-month-amid-soaring-prices-660985">Read more here</a>

French diplomat heads to China amid EV tensions. Here are the details

France's top diplomat, Catherine Colonna, is scheduled to travel to China this week in an attempt to repair relations damaged by an anti-subsidy inquiry into Chinese electric cars (EVs).

<a href="https://www.wionews.com/business-economy/french-diplomat-heads-to-china-amid-ev-tensions-here-are-the-details-661011">Read more here</a>

Microsoft's Valuation Soars as OpenAI Turmoil Unfurls: CEO and key staff join forces

Amid the upheaval surrounding OpenAI, Microsoft has taken&nbsp;advantage of the situation and hired key staff, including the company's ex-CEO: Sam Altman, increasing Microsoft's valuation.

<a href="https://www.wionews.com/business-economy/microsofts-valuation-soars-as-openai-turmoil-unfurls-ceo-and-key-staff-join-forces-661032">Read more here</a>

Wall Street awaits $100 bn crypto boom with Bitcoin ETFs: Report

Wall Street is anticipating the impending launch of Bitcoin exchange-traded funds (ETFs), which is expected to mark the official launch of cryptocurrency. Industry insiders are focusing on a potential $100 billion market as a result of the anticipated approval from the US Securities and Exchange Commission (SEC) for these ETFs,&nbsp;igniting a new hype cycle.

<a href="https://www.wionews.com/business-economy/wall-street-awaits-100-bn-crypto-boom-with-bitcoin-etfs-report-661050">Read more here</a>

Japan's wage boom paves the way for BOJ exit, boosts inflation battle

The Bank of Japan (BOJ) may decide to reduce its monetary stimulus programme, which has been implemented&nbsp;for the past ten years, as the country prepares for a second year of large salary increases.

<a href="https://www.wionews.com/business-economy/japans-wage-boom-paves-the-way-for-boj-exit-boosts-inflation-battle-661062">Read more here</a> 

Investor Uproar at OpenAI: Legal battle looms after CEO Sam Altman fired

After CEO Sam Altman was abruptly fired, investors at OpenAI, consider&nbsp;suing the board of directors. Anxious over possible losses, these investors are working with solicitors to assess their alternatives.

<a href="https://www.wionews.com/business-economy/investor-uproar-at-openai-legal-battle-looms-after-ceo-sam-altman-fired-661069">Read more here</a> 

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WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Nvidia's High-Stakes Dance: AI triumphs amidst China conundrum The leading manufacturer of AI chips, Nvidia, is expected to release strong revenue projections on Tuesday based on the popularity of its AI-enabled products.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Nvidia's High-Stakes Dance: AI triumphs amidst China conundrum The leading manufacturer of AI chips, Nvidia, is expected to release strong revenue projections on Tuesday based on the popularity of its AI-enabled products. Eyes are focused on the possible effects of the United States' increasing limitations on the sale of its premium chips to China, which has raised serious concerns among investors. Read more here Toronto's Housing Desperation: Half-a-Bed for C$ 900 a month amid soaring prices Desperation in Toronto's housing market is evident with sky-high prices people are ready to pay to rent a half-bed. A half-bed was being offered for 900 Canadian dollars a month, according to the shocking Facebook post that has since been now removed. Read more here French diplomat heads to China amid EV tensions. Here are the details France's top diplomat, Catherine Colonna, is scheduled to travel to China this week in an attempt to repair relations damaged by an anti-subsidy inquiry into Chinese electric cars (EVs). Read more here Microsoft's Valuation Soars as OpenAI Turmoil Unfurls: CEO and key staff join forces Amid the upheaval surrounding OpenAI, Microsoft has taken advantage of the situation and hired key staff, including the company's ex-CEO: Sam Altman, increasing Microsoft's valuation. Read more here Wall Street awaits $100 bn crypto boom with Bitcoin ETFs: Report Wall Street is anticipating the impending launch of Bitcoin exchange-traded funds (ETFs), which is expected to mark the official launch of cryptocurrency. Industry insiders are focusing on a potential $100 billion market as a result of the anticipated approval from the US Securities and Exchange Commission (SEC) for these ETFs, igniting a new hype cycle. Read more here Japan's wage boom paves the way for BOJ exit, boosts inflation battle The Bank of Japan (BOJ) may decide to reduce its monetary stimulus programme, which has been implemented for the past ten years, as the country prepares for a second year of large salary increases. Read more here Investor Uproar at OpenAI: Legal battle looms after CEO Sam Altman fired After CEO Sam Altman was abruptly fired, investors at OpenAI, consider suing the board of directors. Anxious over possible losses, these investors are working with solicitors to assess their alternatives. Read more here WATCH WION LIVE HERE

Wion Business Wrap | Nvidia's AI chip revenue, Toronto's housing desperation & more

As we kick off the busy trading week, here's a sneak peek into what could trigger markets this week.

Focus intensifies on the U.S. Federal Reserve, set to release the minutes of its late October meeting a day earlier due to Thanksgiving. Investors eagerly seek insights into the central bank's stance on interest rates, especially with recent signs of inflation cooling adding intrigue to the analysis.

Retail sales during the thanksgiving holiday week

As the holiday season starts, U.S. retailers gear up for Black Friday, marking the beginning of a crucial shopping period. However, this year's backdrop is different, featuring elevated interest rates and inflation above the Fed's 2% target. October's retail sales dip suggests a potential slowdown in consumer demand.

Retail giant Walmart, sheds light on consumer behavior, noting a more prudent approach to spending. Despite caution, the company raises its sales and profit forecast for the year, reflecting a mix of optimism and wariness in the retail landscape.

Nvidia reports its 3rd quarter results

Adding to the mix, major chip maker Nvidia, steps into the earnings spotlight this week. As the final member of the Magnificent Seven megacap companies to report this season, Nvidia's performance will be closely watched given substantial share gains.

Eurozone's purchasing manager index for November

Across the pond, the Eurozone is set to reveal its purchasing manager indexes data for November on Thursday. Economists, however, are cautious, not expecting a significant uptick in activity.

In essence, this week is a delicate balancing act for markets. Investors scrutinize the Fed minutes for clues, retailers brace for a nuanced holiday season, and chip giant Nvidia steps into the earnings arena. The Eurozone's data could offer further insights into the global economic landscape.

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As we kick off the busy trading week, here's a sneak peek into what could trigger markets this week. Focus intensifies on the U.S. Federal Reserve, set to release the minutes of its late October meeting a day earlier due to Thanksgiving.

As we kick off the busy trading week, here's a sneak peek into what could trigger markets this week. Focus intensifies on the U.S. Federal Reserve, set to release the minutes of its late October meeting a day earlier due to Thanksgiving. Investors eagerly seek insights into the central bank's stance on interest rates, especially with recent signs of inflation cooling adding intrigue to the analysis. Retail sales during the thanksgiving holiday week As the holiday season starts, U.S. retailers gear up for Black Friday, marking the beginning of a crucial shopping period. However, this year's backdrop is different, featuring elevated interest rates and inflation above the Fed's 2% target. October's retail sales dip suggests a potential slowdown in consumer demand. Retail giant Walmart, sheds light on consumer behavior, noting a more prudent approach to spending. Despite caution, the company raises its sales and profit forecast for the year, reflecting a mix of optimism and wariness in the retail landscape. Nvidia reports its 3rd quarter results Adding to the mix, major chip maker Nvidia, steps into the earnings spotlight this week. As the final member of the Magnificent Seven megacap companies to report this season, Nvidia's performance will be closely watched given substantial share gains. Eurozone's purchasing manager index for November Across the pond, the Eurozone is set to reveal its purchasing manager indexes data for November on Thursday. Economists, however, are cautious, not expecting a significant uptick in activity. In essence, this week is a delicate balancing act for markets. Investors scrutinize the Fed minutes for clues, retailers brace for a nuanced holiday season, and chip giant Nvidia steps into the earnings arena. The Eurozone's data could offer further insights into the global economic landscape. WATCH WION LIVE HERE

Traders' Diary | Cues to watch this week (Nov 20-24)

Nvidia Corp., the world's most valuable chipmaker, is on the verge of completing a 10-day winning streak, marking its longest run of advances since the record-setting performance in December 2016. The Santa Clara-based company has seen a remarkable climb of approximately 20 per cent during this streak, translating to a staggering addition of about $200 billion in market value, according to data compiled by Bloomberg. &nbsp;

This surge occurs amid intense competition as rivals strive to devise alternatives to challenge Nvidia's stronghold in artificial intelligence (AI).&nbsp;

Nvidia's shares have experienced an exceptional rally, surging over 230 per cent this year, solidifying its position as the best-performing component on both the Nasdaq 100 and S&amp;P 500 indexes. The AI-driven frenzy has significantly contributed to this stellar performance, with the latest surge coinciding with a broader rebound in technology stocks. The resurgence in the tech sector is fuelled by optimistic sentiments surrounding the Federal Reserve's indications that interest rates may have reached their peak.&nbsp;

Highlighting Nvidia's commitment to innovation, the company announced the release of its updated chip, the H200, designed to incorporate high-bandwidth memory, known as HBM3e. This enhancement aims to enhance the chip's capacity to handle substantial datasets crucial for AI development and implementation. Blomberg cited Analyst Chris Caso from Wolfe Research, who notes, "NVDA has not refreshed prior datacentre GPUs in the past," emphasising that this update signifies Nvidia's acceleration in response to the growth and performance demands of the AI market.&nbsp;

Bloomberg Intelligence analyst Kunjan Sobhani underscored the significance of Nvidia's swift product-launch pace with the H200 in mid-2024. Sobhani noted that this strategy is poised to "help defend its turf," positioning the new AI processor with high-bandwidth memory as a potential market leader. &nbsp;

Despite facing challenges last month due to new US rules restricting the sale of cutting-edge chips to China, Nvidia has shown resilience and is scheduled to report earnings on November 21.&nbsp;

(With inputs from Bloomberg)&nbsp;

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Nvidia Corp., the world's most valuable chipmaker, is on the verge of completing a 10-day winning streak, marking its longest run of advances since the record-setting performance in December 2016.

Nvidia Corp., the world's most valuable chipmaker, is on the verge of completing a 10-day winning streak, marking its longest run of advances since the record-setting performance in December 2016. The Santa Clara-based company has seen a remarkable climb of approximately 20 per cent during this streak, translating to a staggering addition of about $200 billion in market value, according to data compiled by Bloomberg. This surge occurs amid intense competition as rivals strive to devise alternatives to challenge Nvidia's stronghold in artificial intelligence (AI). Nvidia's shares have experienced an exceptional rally, surging over 230 per cent this year, solidifying its position as the best-performing component on both the Nasdaq 100 and S&P 500 indexes. The AI-driven frenzy has significantly contributed to this stellar performance, with the latest surge coinciding with a broader rebound in technology stocks. The resurgence in the tech sector is fuelled by optimistic sentiments surrounding the Federal Reserve's indications that interest rates may have reached their peak. Highlighting Nvidia's commitment to innovation, the company announced the release of its updated chip, the H200, designed to incorporate high-bandwidth memory, known as HBM3e. This enhancement aims to enhance the chip's capacity to handle substantial datasets crucial for AI development and implementation. Blomberg cited Analyst Chris Caso from Wolfe Research, who notes, "NVDA has not refreshed prior datacentre GPUs in the past," emphasising that this update signifies Nvidia's acceleration in response to the growth and performance demands of the AI market. Bloomberg Intelligence analyst Kunjan Sobhani underscored the significance of Nvidia's swift product-launch pace with the H200 in mid-2024. Sobhani noted that this strategy is poised to "help defend its turf," positioning the new AI processor with high-bandwidth memory as a potential market leader. Despite facing challenges last month due to new US rules restricting the sale of cutting-edge chips to China, Nvidia has shown resilience and is scheduled to report earnings on November 21. (With inputs from Bloomberg) WATCH WION LIVE HERE

Nvidia's Spectacular Surge: $200bn added in 10-day winning streak matching 2016 record 

As the preeminent semiconductor manufacturer globally readies itself for the launch of an update to its artificial intelligence engine, shares of Nvidia have ascended for the tenth consecutive trading session. This achievement signifies the lengthiest sequence of consecutive gains since the record-setting surge observed in December 2016.

Nvidia's winning streak nears a record

Shares of Nvidia Corp, a prominent player in the artificial intelligence (AI) industry, tumbled by nearly 5 per cent, reaching a five-month low in the wake of a report that the company may be compelled to cancel advanced chip orders valued at up to $5 billion destined for China.&nbsp;

According to Reuters, the reason behind this potential cancellation is the necessity to comply with new U.S. government restrictions.&nbsp;

Nvidia's stock price plunged to as low as $392.30, representing a 4.7 per cent decline. This marks the lowest level the company's stock has reached since mid-June. The stock, which played a significant role in driving the Nasdaq's gains, has now fallen by nearly 20 per cent from its record high close of $493.55 achieved on August 31.&nbsp;

Nvidia recently received notification that its AI chip orders, set for delivery to major Chinese technology firms in the next year, including giants like Alibaba Group, ByteDance (the parent company of TikTok), and Baidu, are now subject to the most recent export restrictions unveiled by the U.S. Commerce Department.

Tom Plumb, the CEO and lead portfolio manager at Plumb Funds, noted, "The stock is getting oversold," adding that Nvidia had previously indicated that the impact of these restrictions would be more long-term rather than immediate. Despite the current volatility, he still views Nvidia as a strong long-term investment.&nbsp;

A Nvidia spokesperson told Reuters about the "high demand" for its advanced chips, which often entail a significant lead time for production. The company is actively working on distributing orders to a broad range of customers in the United States and elsewhere, emphasising that these new export controls are not anticipated to have a significant short-term impact.&nbsp;

This development follows the Biden administration's imposition of export restrictions earlier this month on the shipment of AI chips designed by Nvidia and other firms to China. The objective of these restrictions is to prevent Beijing from accessing cutting-edge U.S. technologies that could potentially strengthen its military capabilities. These new regulations are scheduled to go into effect in November and encompass export controls extending to countries such as Iran and Russia.&nbsp;

(With inputs from Reuters)&nbsp;

WATCH WION LIVE HERE

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Shares of Nvidia Corp, a prominent player in the artificial intelligence (AI) industry, tumbled by nearly 5 per cent, reaching a five-month low in the wake of a report that the company may be compelled to cancel advanced chip orders valued at up to $5 billion destined for China.

Shares of Nvidia Corp, a prominent player in the artificial intelligence (AI) industry, tumbled by nearly 5 per cent, reaching a five-month low in the wake of a report that the company may be compelled to cancel advanced chip orders valued at up to $5 billion destined for China. According to Reuters, the reason behind this potential cancellation is the necessity to comply with new U.S. government restrictions. Nvidia's stock price plunged to as low as $392.30, representing a 4.7 per cent decline. This marks the lowest level the company's stock has reached since mid-June. The stock, which played a significant role in driving the Nasdaq's gains, has now fallen by nearly 20 per cent from its record high close of $493.55 achieved on August 31. Nvidia recently received notification that its AI chip orders, set for delivery to major Chinese technology firms in the next year, including giants like Alibaba Group, ByteDance (the parent company of TikTok), and Baidu, are now subject to the most recent export restrictions unveiled by the U.S. Commerce Department. Tom Plumb, the CEO and lead portfolio manager at Plumb Funds, noted, "The stock is getting oversold," adding that Nvidia had previously indicated that the impact of these restrictions would be more long-term rather than immediate. Despite the current volatility, he still views Nvidia as a strong long-term investment. A Nvidia spokesperson told Reuters about the "high demand" for its advanced chips, which often entail a significant lead time for production. The company is actively working on distributing orders to a broad range of customers in the United States and elsewhere, emphasising that these new export controls are not anticipated to have a significant short-term impact. This development follows the Biden administration's imposition of export restrictions earlier this month on the shipment of AI chips designed by Nvidia and other firms to China. The objective of these restrictions is to prevent Beijing from accessing cutting-edge U.S. technologies that could potentially strengthen its military capabilities. These new regulations are scheduled to go into effect in November and encompass export controls extending to countries such as Iran and Russia. (With inputs from Reuters) WATCH WION LIVE HERE

Nvidia's shares plunge to five-month low amid cancelled China orders

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