🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

News on Medial

Chipmaker Nvidia surges past Saudi Aramco, becomes world's third-largest company

Livemint

Livemint · 1y ago

Chipmaker Nvidia surges past Saudi Aramco, becomes world's third-largest company

Nvidia has surpassed Saudi Aramco to become the world's third-largest company by market capitalization. The tech giant's stock market value closed above $2 trillion for the first time, driven by positive reports from Dell Technologies on increased orders for its AI-optimized servers. Nvidia's CEO, Jensen Huang, has also made bold predictions, stating that artificial general intelligence (AGI) could arrive within five years. However, he acknowledged that there are still differing opinions on how to define and achieve AGI. Huang also noted the need for more chip factories to support AI industry growth, although advancements in computing efficiency will help limit the number of chips required.

Related News

Nvidia on cusp of overtaking Apple as second-most-valuable company

Economic Times

Economic Times · 1y ago

Nvidia on cusp of overtaking Apple as second-most-valuable company

Nvidia is closing in on Apple's position as the world's second-most-valuable company, thanks to its AI-powered chips driving the popularity of tools like ChatGPT. Over the past nine months, Nvidia's market valuation has skyrocketed from $1 trillion to over $2 trillion, surpassing companies like Amazon, Google's parent Alphabet, and Saudi Aramco. With a market capitalization of about $2.38 trillion, Nvidia trails behind Apple by just $230 billion and Microsoft by $645 billion. Nvidia's dominance in the AI chip market has contributed to its stock rally, propelling the company's weight on the S&P 500 index.

Aramco to buy 50% of Air Products Qudra's blue hydrogen business

VCCircle

VCCircle · 11m ago

Aramco to buy 50% of Air Products Qudra's blue hydrogen business

Saudi oil company Aramco will acquire a 50% stake in the blue hydrogen industrial gases business of Air Products Qudra (APQ), as part of Saudi Arabia's push to become a major hydrogen producer. The financial terms of the deal were not disclosed, but it includes options for Aramco to purchase hydrogen and nitrogen. APQ is a joint venture between Air Products and Qudra Energy. Saudi Arabia aims to be the world's largest hydrogen supplier, reducing its reliance on crude oil. This move aligns with the country's broader economic agenda driven by its sovereign wealth fund, the Public Investment Fund.

Nvidia is now worth more than Amazon and Alphabet

The Verge

The Verge · 1y ago

Nvidia is now worth more than Amazon and Alphabet

Nvidia has surpassed Alphabet (Google's parent company) in market capitalization, making it the world's fourth most valuable company after Microsoft, Apple, and Saudi Aramco. The chip maker's stock is now worth $1.83 trillion, just barely edging out Alphabet's $1.82 trillion market cap. Nvidia is heavily involved in the AI chip industry and its sales predominantly come from major tech companies. It is also set to release a new AI chip, the H200, with improved memory capacity and bandwidth. Additionally, Nvidia has invested $30 billion in a unit that helps other companies create custom AI chips.

Nvidia set to face French antitrust charges

Economic Times

Economic Times · 12m ago

Nvidia set to face French antitrust charges

French antitrust regulator is reportedly preparing to charge Nvidia for alleged anti-competitive practices in the graphics cards sector. This follows the regulator's dawn raids in September last year, which targeted the company. Nvidia, the world's largest chipmaker for AI and computer graphics, has faced increased demand for its chips. The French authority's concerns include Nvidia's dominance in the CUDA chip programming software and its investments in AI-focused cloud service providers. The US Department of Justice is also investigating Nvidia. Fines for breaching French antitrust rules can reach up to 10% of global annual turnover.

The world's biggest chipmaker just got hit by an earthquake. That could mean production delays for customers like Apple and Nvidia.

Business Insider

Business Insider · 1y ago

The world's biggest chipmaker just got hit by an earthquake. That could mean production delays for customers like Apple and Nvidia.

The Taiwan earthquake has affected operations at Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chipmaker. This could impact major companies like Apple and Nvidia, who rely on TSMC's chips. The 7.4-magnitude earthquake has caused casualties and damaged buildings, including TSMC's manufacturing facilities. While TSMC hopes to resume production soon, any delays could disrupt its business and affect supply chains. Apple and Nvidia may face production delays and potential damage to advanced chips. However, customers are likely to wait for TSMC's chips rather than turning to alternative suppliers.

Aramco boasts a $31 bn dividend despite decline in earnings growth

VCCircle

VCCircle · 1y ago

Aramco boasts a $31 bn dividend despite decline in earnings growth

Saudi Arabian oil giant Aramco plans to pay $31 billion in dividends despite a decline in earnings growth in the first quarter. The company reported a 14% drop in net income to $27.3 billion, attributed to lower oil prices and volumes sold. The Saudi government, which owns 82.2% of Aramco, heavily relies on dividend payouts, including royalties and taxes, as it tries to diversify its economy away from crude oil. Aramco expects to declare total dividends of $124.3 billion in 2024.

Aramco Digital and LTIMindtree to launch KSA Digital and IT Services company

Thehindubusinessline

Thehindubusinessline · 1y ago

Aramco Digital and LTIMindtree to launch KSA Digital and IT Services company

Aramco Digital and LTIMindtree have entered into a partnership to establish an IT services company in Saudi Arabia. The joint venture aims to showcase innovative digital services and industry 4.0 systems integration capabilities, supporting Saudi Arabia's Vision 2030 initiative by generating skilled job opportunities in the technology sector. The collaboration will leverage LTIMindtree's global expertise and Aramco Digital's solutions offerings to deliver digital transformation in various sectors, such as government, energy, manufacturing, and finance. The joint venture is part of the Aramco Namaat Industrial Investments Program.

AI firms surge after chip giant Nvidia discloses stake

Economic Times

Economic Times · 1y ago

AI firms surge after chip giant Nvidia discloses stake

Shares of smaller AI firms experienced a rally after Nvidia, the leading AI chipmaker, disclosed its stake in them, revealing insights into its growth strategy. This demonstrates Nvidia's increasing influence in the AI industry as its market value continues to rise rapidly, making it the third most valuable US company. Nvidia's largest investment was in Arm Holdings, with other investments including biotech firm Recursion Pharmaceuticals and conversational voice assistants developer SoundHound AI. This move by Nvidia is seen as positive by investors and could potentially help these companies in raising capital.

Japan's Terra Drone to boost cooperation with Saudi Aramco for inspections

Economic Times

Economic Times · 2m ago

Japan's Terra Drone to boost cooperation with Saudi Aramco for inspections

Japanese startup Terra Drone has partnered with Saudi Aramco to enhance inspection of oil and gas facilities using drone technology. They signed a memorandum of understanding to begin test runs in Saudi Arabia, aiming for operational inspections by 2027. This partnership could lead to Terra Drone's largest contract, boosting medium to long-term revenues. Established in Saudi Arabia in 2023, Terra Drone is developing drone-based infrastructure inspection and agricultural services, despite not yet being profitable.

TSMC halts work at construction sites in Taiwan after earthquake

Reuters · 1y ago

TSMC halts work at construction sites in Taiwan after earthquake

Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, has halted work at its construction sites in Taiwan due to the impact of a 7.2 magnitude earthquake. The company plans to reassess the situation and resume operations once inspections are completed.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

May 2025

GenAlpha masters STEM with Cinderella & Ganesha.

Bringing hope to life, one thought at a time.

PenseeWeb Studios

When Study Apps Failed, We Built Our Own System

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

JioBlackRock Broking receives SEB ...

Engineer or MBA? Narayana Murthy ...

Rohit Sharma Backs Prozo to Build ...

Download the medial app to read full posts, comements and news.