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Nvidia Rival AMD to Spend Over Half a Billion on AI Startup
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Nvidia Rival AMD to Spend Over Half a Billion on AI Startup

AMD is leveling up its AI chip strategy against industry leader Nvidia by acquiring an AI startup. AMD disclosed on Wednesday that it will acquire Silo AI, a Finnish startup that calls itself “Europe’s largest private AI lab.” The all-cash deal is worth about $665 million and is expected to close in the second half...

Nvidia Is Becoming the IBM of AI, Says Former Apple Engineer
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Nvidia Is Becoming the IBM of AI, Says Former Apple Engineer

Jim Keller, an engineer who has worked at AMD, Apple, and Tesla and is now CEO of an AI chip startup taking on Nvidia, says that Nvidia is “becoming the IBM of the AI era.” On a Sunday podcast episode of DemystifySci, Keller brought up Nvidia’s AI chips and called attention to companies like Microsoft...

Nvidia Returns Are 'Staggering' but 'Concerning': Expert
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Nvidia Returns Are ‘Staggering’ but ‘Concerning’: Expert

Nvidia has gained over 3,000% in the past five years alone — but the high returns of the AI chip maker and other tech giants in the Magnificent Seven (Nvidia, Amazon, Apple, Meta, Microsoft, Google, and Tesla), are not without their risks, warns an industry expert. In a “Smart Investing” video interview published on Wednesday,...

Nvidia CEO Huang Said No to AMD Deal Using 'Apple Strategy'
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Nvidia CEO Huang Said No to AMD Deal Using ‘Apple Strategy’

Back when Nvidia was a smaller industry player, AMD almost bought it. According to insiders, Nvidia CEO Jensen Huang had a deal-breaking condition that prevented the merger: He wanted to be CEO of the joint company. Former AMD engineer Hemant Mohapatra shared a behind-the-scenes look into why an AMD-Nvidia alliance never came to fruition in...

Nvidia CEO Jensen Huang Sells Record $169 Million in Stock
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Nvidia CEO Jensen Huang Sells Record $169 Million in Stock

If you’ve invested in AI chip maker Nvidia, how do you know when to sell? Nvidia CEO Jensen Huang made his first share sale of the year in June, cashing in 1.3 million shares to net $169 million, the most he’s gained so far in one month, Bloomberg reported on Wednesday. Factoring in June’s sale,...

Is It Too Late To Buy Nvidia? Ex-Morgan Stanley VP Weighs In
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Is It Too Late To Buy Nvidia? Ex-Morgan Stanley VP Weighs In

A $10,000 investment in AI chip maker Nvidia when it first went public in 1999 would be worth over $30 million today. Though investors usually aim to “buy low and sell high,” Mark Newton, a former Morgan Stanley technical strategist/vice president and the current global head of technical strategy at research firm Fundstrat, takes a...

How Much Would an Early Investment in Nvidia Be Worth Now?
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How Much Would an Early Investment in Nvidia Be Worth Now?

If you went back 25 years and invested $10,000 in Nvidia stock when the company went public (and held on through the ups and downs), how much would your initial investment be worth now? An analysis from 31-year-old financial services company The Motley Fool has the answer: Over $30 million. That’s more than double what...

Nvidia CEO Jensen Huang Reveals His Competition Strategy
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Nvidia CEO Jensen Huang Reveals His Competition Strategy

The first question Nvidia CEO Jensen Huang had to answer at the AI chipmaker’s annual shareholder meeting on Wednesday was how Nvidia handles rising competition. Though Nvidia indisputably leads the AI chip market, with more than 80% of market share, competition has intensified. Established tech giants like Intel and AMD and rising startups like Etched,...

Nvidia Long-Term Employees 'Semi-Retired' Multimillionaires
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Nvidia Long-Term Employees ‘Semi-Retired’ Multimillionaires

Santa Clara-based Nvidia, which makes AI chips, is now one of the world’s most valuable companies, skyrocketing from a $346 billion valuation in January 2023 to a $3.338 trillion valuation last week. The tech giant’s 3,000% stock growth in the past five years has worked out well for its staff — employees who have been...