AMD unveiled its latest AI processors on Monday in a bid to challenge industry leader Nvidia.
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Nvidia CEO Jensen Huang unveiled new software and services aimed at spreading AI throughout the economy.
Nvidia shares jumped 5.9% to US$1 005 in extended trade, peaking above the psychologically important $1 000 mark.
Intel forecast second-quarter revenue and profit below market estimates, sending its shares tumbling.
China has reportedly introduced guidelines to phase out chips from Intel and AMD from government PCs and servers.
Major customers are expected to use the new Nvidia B200 chip in cloud computing services they sell, CEO Jensen Huang said.
Computer components don’t usually transform entire industries. The Nvidia H100 has done just that.
Nvidia added $277-billion in stock market value on Thursday, Wall Street’s largest one-day gain in history.
Bank of America strategist Michael Hartnett has said the frenzy is beginning to resemble the dot-com bubble.
From underperformance in AI chips for data centres to soft demand for CPUs for PCs, Intel just can’t seem to catch a break.