Since ChatGPT was introduced in late 2022, artificial intelligence has driven Nvidia (NASDAQ:NVDA) forward to 900% gains.
The early hours of Thursday, some of the bigger major tech stocks look slightly positive to flat, but all of these stocks have one thing in common, it's the look of a market that's waking up and ready to start rallying again.
Italian startup iGenius said on Thursday it was releasing Colosseum 355B, a large language model built with the latest Nvidia technology for customers in highly regulated industries with special data protection needs.
Nvidia (NVDA 3.40%) is one of the most widely followed stocks today, and it's easy to see why. Its lead in the artificial intelligence (AI) accelerator market supercharged its revenue growth and made it the largest semiconductor stock, as measured by market cap, next to Apple.
Taiwan Semiconductor Manufacturing Co. on Thursday reported a stronger-than-expected profit and said artificial intelligence demand will help offset a typically weak period for smartphone sales.
Nvidia's demand for advanced packaging from TSMC remains strong though the kind of technology it needs is changing, the U.S. AI chip giant's CEO Jensen Huang said on Thursday, after he was asked whether the company was cutting orders.
Investors could be encouraged by news from TSMC, which reported a surge in profit on strong demand for AI semiconductors.
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The chip maker's stock has surged in the year since D.A. Davidson's Gil Luria began coverage with a neutral view.
Though Nvidia (NVDA 3.40%) has been a top performer in the stock market in the past couple of years, shares of the semiconductor giant have lost momentum since the release of its fiscal 2025 third-quarter results in November last year.
Dan Niles, founder of Niles Investment Management, says he expects AI spending to go through a "digestion phase" this year. Niles shares his views on why some of the Magnificent Seven tech stocks, such as Microsoft and Nvidia, are not among his top picks for 2025.
Nvidia (NVDA 3.40%) shares came under pressure recently after the Biden administration imposed tougher guidelines regarding the export of artificial intelligence (AI) chips. Under the new rules, most countries would be capped on the amount of advanced AI chips, such as Nvidia's graphic processing units (GPUs), they can purchase.