Nvidia is planning a new artificial-intelligence chip for the Chinese market that would be compatible with U.S. export controls, Reuters reported on Monday.
Chipmaking titan Nvidia Corp is working on a China-compatible version of its cutting-edge Blackwell artificial intelligence chip that will satisfy US technology sanctions. According to a Reuters report citing “three sources familiar with the matter”, Nvidia is developing the chip with input from its China-based distribution partner Inspur.
Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls, three sources familiar with the matter said.
Nvidia (NVDA) shares slumped nearly 9% last week as investors scaled back bets in some of this year's top performing artificial intelligence (AI) chipmakers over mounting concerns about tougher trade restrictions and geopolitical risks.
Nvidia is the best-performing stock among its "Magnificent Seven" peers so far in 2024. While demand for the company's GPUs remains high, many alternatives are beginning to emerge.
As the Nvidia (NASDAQ: NVDA) stock price faces bearish sentiments, investors are looking forward to potential bullish catalysts such as the upcoming earnings results.
A Trump victory boosting NVIDIA (Nasdaq: NVDA) shares by 25%?
Shares in Nvidia fell 13% last week. The company was a victim of a tech market sell-off spurred by geopolitical concerns.
Nvidia shares have climbed in the triple digits in recent times -- and investors are wondering whether they're now ripe for a slowdown. Still, the company continues to report solid earnings growth and even has a big catalyst ahead.
Apple's 20-year run of stock market success could be a model for Nvidia -- if artificial intelligence lives up to the hype. The 85% collapse of Oracle's stock in 2001 offers a warning to investors who haven't seen a market bubble pop.
Nvidia's business has plummeted multiple times after demand subsided. Several years of strong earnings growth are already baked into the stock price.
By one estimate, Nvidia's artificial intelligence (AI)-graphics processing units (GPUs) accounted for a 98% share of all AI-GPUs shipped in 2023. Nvidia's adjusted gross margin guidance provides an ominous warning of pricing pressures to come.