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Nvidia CEO calls for “Sovereign AI” as his firm overtakes Amazon in market value

Arstechnica

Arstechnica · 1y ago

Nvidia CEO calls for “Sovereign AI” as his firm overtakes Amazon in market value

Nvidia CEO, Jensen Huang, advocates for the concept of "Sovereign AI," asserting that each country should control its own AI infrastructure to safeguard their culture and intelligence. Huang made this declaration during a discussion with the UAE's Minister of AI at the World Governments Summit. He further emphasized the need to customize AI models according to each country's requirements. This concept aligns with Nvidia's interests, as it manufactures GPU chips used in AI deployment by major companies. Additionally, Nvidia briefly surpassed Amazon in market capitalization before slipping behind again.

Related News

Nvidia overtakes Amazon in market value of $1.78 trillion

Livemint

Livemint · 1y ago

Nvidia overtakes Amazon in market value of $1.78 trillion

Nvidia briefly surpassed Amazon in market value as its soaring demand for chips used in AI computing fueled a stunning rally. Nvidia ended the day with a market value of about $1.78 trillion, while Amazon closed at $1.79 trillion. Nvidia temporarily became the fourth most valuable US-listed company, just below Alphabet. Nvidia's shares have risen nearly 50% this year, adding about $600 billion in market value. However, Amazon also had a good start to the year with strong sales in Q4 and a forecast for profitability that exceeded estimates.

Nvidia overtakes Apple as world's most valuable company

Economic Times

Economic Times · 1y ago

Nvidia overtakes Apple as world's most valuable company

Nvidia has surpassed Apple to become the world's most valuable company, driven by strong demand for its new AI chips. With a market value of $3.53 trillion, Nvidia briefly took the lead from Apple's $3.52 trillion market cap. This follows Nvidia's previous position as the most valuable company before being overtaken by Microsoft and Apple. The company's stock has risen by 18% in October, boosted by a funding round announcement from OpenAI. In an environment where companies are increasingly adopting AI technology, Nvidia is well-positioned for continued growth.

Mark Zuckerberg says Nvidia CEO Jensen Huang is basically the Taylor Swift of tech

Business Insider

Business Insider · 1y ago

Mark Zuckerberg says Nvidia CEO Jensen Huang is basically the Taylor Swift of tech

Facebook CEO Mark Zuckerberg shared a photo of himself swapping jackets with Nvidia CEO Jensen Huang, jokingly comparing Huang to Taylor Swift in the tech world. This is not the first time Huang has been compared to the famous singer, and his work in Nvidia, especially in the field of artificial intelligence (AI), is crucial for Facebook's parent company, Meta. Zuckerberg has been accumulating Nvidia's chips to support Meta's AI ambitions, and the race for AI dominance has also elevated Nvidia's value to $2 trillion, surpassing Amazon and Alphabet. Nvidia representatives declined to comment on Zuckerberg's remarks.

First it toppled Amazon — now Nvidia has passed Alphabet to become the third most valuable US company

Techradar

Techradar · 1y ago

First it toppled Amazon — now Nvidia has passed Alphabet to become the third most valuable US company

Nvidia has surpassed Alphabet (parent company of Google) to become the third-most valuable company in the US and the fourth globally. This follows its recent overtake of Amazon. Nvidia's market value reached $1.83 trillion, higher than Google's $1.82 trillion. The company's growth has been driven by the increasing demand for its high-end AI server chips. Nvidia is now eyeing Apple as the next target in terms of market value.

There's No AI Without Nvidia. Meet the CEO Powering the Future

Wired · 1y ago

There's No AI Without Nvidia. Meet the CEO Powering the Future

Nvidia CEO Jensen Huang is at the forefront of AI technology, positioning Nvidia in front of every major tech trend. With Nvidia accounting for over 70% of sales in the AI chip market and approaching a $2 trillion valuation, Huang's strategic decision-making and leadership have propelled the company's success. However, Nvidia faces competition from tech giants like Google, Amazon, and Microsoft, as well as startups in the AI chip market. Huang discusses the future of AI, the challenges of export controls on selling to China, and the importance of partnerships in building AI supercomputers.

Big Tech's "Magnificent Seven" heads into earnings season reeling from Trump turbulence

Economic Times

Economic Times · 6m ago

Big Tech's "Magnificent Seven" heads into earnings season reeling from Trump turbulence

Big Tech companies are entering the quarterly earnings season amid turmoil from President Trump's policies. The Magnificent Seven—Apple, Microsoft, Nvidia, Amazon, Tesla, Google (Alphabet), and Meta—have experienced a combined market value drop of $3.8 trillion since Trump's inauguration. His tariffs and antitrust actions have created uncertainty, impacting supply chains and investments. As they report earnings, these companies will address challenges, with Tesla, Google, Amazon, Meta, Microsoft, Apple, and Nvidia set to make announcements soon.

Nvidia’s $1 trillion rally has traders primed to ramp back up

Economic Times

Economic Times · 4m ago

Nvidia’s $1 trillion rally has traders primed to ramp back up

Nvidia shares have surged, gaining nearly $1 trillion in value following promising earnings that eased investor concerns about US restrictions and AI spending. Despite trade policy fears, Nvidia continues to thrive due to strong demand for its AI chips from major clients like Microsoft and Amazon. Analysts remain optimistic, marking Nvidia as undervalued with significant growth potential. With increasing global AI investments, the company's expansive product pipeline sets the stage for continued market leadership.

Nvidia hits $3 trillion in value, overtakes Apple as 2nd most valuable company

Livemint

Livemint · 1y ago

Nvidia hits $3 trillion in value, overtakes Apple as 2nd most valuable company

Nvidia has become the first computer-chip company to reach a market capitalization of $3 trillion. The company's shares have risen by 147% this year, driven by high demand for its chips used in artificial intelligence applications. Nvidia's CEO, Jensen Huang, has stated that the company plans to upgrade its AI accelerators annually. The surge in the company's stock has also significantly increased Huang's wealth. Nvidia's success indicates the growing significance of AI in various industries.

1mg overtakes PharmEasy in market share in top order change

Economic Times

Economic Times · 1y ago

1mg overtakes PharmEasy in market share in top order change

Tata 1mg has emerged as the leader in India's e-pharmacy market, surpassing PharmEasy in terms of gross merchandise value (GMV) after implementing cost controls and consolidation efforts. According to market research firm Redseer, Tata 1mg had a 31% market share in September 2023, while PharmEasy's share dropped to 15%. Other major players like Flipkart Health Plus, Reliance-Netmeds, and Apollo maintained their GMV market share. PharmEasy's focus on profitability and reduction in marketing spends contributed to the shift in market share dynamics.

Nvidia was briefly more valuable than Amazon as AI hype spikes again

Techradar

Techradar · 1y ago

Nvidia was briefly more valuable than Amazon as AI hype spikes again

Nvidia briefly surpassed Amazon in market capitalization, reaching a record high of $1.82 trillion compared to Amazon's $1.81 trillion. This surge in value was driven by growing interest in artificial intelligence. Nvidia's significant share of the market demonstrates the increasing importance of technology companies in the global economy, particularly in the field of AI. Despite this achievement, Nvidia has now fallen back to fifth position among the most valuable companies in the US, behind Microsoft, Apple, Alphabet, and Amazon.

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