
Nvidia challengner Groq in talks over $6B valuation, Information reports
Don't Miss TipRanks' Half-Year Sale
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Intel to Lay Off 15% of Workers, Cancel Billions in Projects in Bid for Rebound
The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global silicon boom. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data


Business Insider
an hour ago
- Business Insider
‘Time to Admit,' Says Top Investor About Nvidia Stock
Nvidia (NASDAQ:NVDA) stock has gone through quite the shift in sentiment lately. About three months ago, it took a hit after rising trade tensions and new U.S. export rules cut off its AI chip sales to China. With trade tensions easing since then, markets have surged to new highs – and Nvidia has led the charge, soaring more than 80% since April's bottom. The AI chip giant now tops the market cap leaderboard, holding the title of the world's most valuable company. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Naturally, that kind of turnaround has prompted a few mea culpas. One comes from top investor Henrik Alex, who's ranked among the top 3% of stock pickers on TipRanks. Alex issued a Sell rating on NVDA shares just over three months ago, but his doom-and-gloom scenario is now unraveling. 'As my Sell rating was based on expectations of escalating trade tensions and the company remaining precluded from selling into the Chinese market, I am upgrading Nvidia's shares from Sell to Hold, Alex explained. (To watch Alex's track record, click here) Alex acknowledged Nvidia's strong fundamentals despite the initial China-related hit. The company posted a record $25.8 billion in free cash flow in Q1 FY2026, while core Data Center revenue rose more than 70% year-over-year. 'Even with the export restriction impact, Nvidia managed to start fiscal year 2026 on a strong note,' the investor noted. Looking ahead, the company is expected to resume shipments to China soon. On top of that, a new next-generation GPU – designed to comply with export rules – is reportedly close to mass production, which could boost growth. Though the supply of the current H20 chip is still limited, the upcoming release of a scaled-down Blackwell model at a lower price point should help drive sales into late 2025 and beyond. There's also potential upside from shipments of previously restricted H20 inventory. That said, Nvidia's valuation is still a sticking point for Alex. The stock is now trading at over 20 times projected fiscal 2026 revenues, not profits. However, from a price-to-earnings perspective, things look more reasonable, especially when factoring in the company's expected earnings growth, which outpaces most of its 'Magnificent Seven' peers. Against that backdrop, the near-term picture remains favorable. With AI investment showing no signs of slowing and China shipments poised to resume, Nvidia's fundamentals appear strong. 'Time to admit to a bad call,' Alex concedes. 'However, the combination of ambitious valuation and an overheated stock market is keeping me sidelined.' Wall Street, though, is leaning bullish. Of the 38 analysts tracked by TipRanks, 34 rate NVDA a Buy, 3 say Hold, and just one is bearish. (See NVDA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
2 hours ago
- Yahoo
China Premier Warns of AI ‘Monopoly' as US Effort Quickens
(Bloomberg) — China will spearhead the creation of an international organization to jointly develop AI, the country's premier said, seeking to ensure that world-changing technology doesn't become the province of just a few nations or companies. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy Artificial intelligence harbors risks from widespread job losses to economic upheaval that require nations to work together to address, Premier Li Qiang told the World Artificial Intelligence Conference in Shanghai on Saturday. That means more international exchanges, Beijing's No. 2 official said during China's most important annual technology summit. Li didn't name any countries in his short address to kick off the event. But Chinese executives and officials have taken aim at Washington's efforts to curtail the Asian country's tech sector, including by slapping restrictions on the export of Nvidia Corp. chips crucial to AI development. On Saturday, Li acknowledged a shortage of semiconductors was a major bottleneck, but reaffirmed President Xi Jinping's call to establish policies to propel Beijing's ambitions. The government will now help create a body — loosely translated as the World AI Cooperation Organization — through which countries can share insights and talent. 'Currently, key resources and capabilities are concentrated in a few countries and a few enterprises. If we engage in technological monopoly, controls and restrictions, AI will become an exclusive game for a small number of countries and enterprises,' Li told hundreds of delegates huddled at the conference venue on the banks of Shanghai's iconic Huangpu river. China and the US are locked in a race to develop a technology with the potential to turbocharge economies and — over the long run — tip the balance of geopolitical power. This week, US President Donald Trump signed executive orders to loosen regulations and expand energy supplies for data centers — a call to arms to ensure companies like OpenAI and Google help safeguard America's lead in the post-ChatGPT era. At the same time, the breakout success of DeepSeek has inspired Chinese tech leaders and startups to accelerate research and roll out products such as open-sourced models, robots and AI agents. That parade of technology represents Chinese developers' efforts to set world standards and benchmarks, and grab a bigger slice of the global market. They also dovetail with Beijing's broader efforts to ensure self-reliance on critical technologies in the face of tensions between the world's economic superpowers. The weekend conference in Shanghai — gathering star founders, Beijing officials and deep-pocketed financiers by the thousands — is designed to catalyze that movement. The event, which has featured Elon Musk and Jack Ma in years past, was launched in 2018 to showcase China's cutting-edge technology. This year's attendance may hit a record because it's taking place at a critical juncture in the global race to lead the development of generative AI. It's already drawn some notable figures: Nobel Prize laureate Geoffrey Hinton and former Google chief Eric Schmidt were among industry heavyweights who met Shanghai party boss Chen Jining on Thursday, before they were due to speak at the conference. Going forward, China will seek to propel AI development in the Global South, Li said, referring to a loose gathering that includes Brazil and Africa. Schmidt later echoed Li's call for nations to work together — particularly China and the US. 'The upsides are phenomenal,' he told delegates. 'As the largest and most significant economic entities in the world, the United States and China should collaborate on these issues,' he said. 'We have a vested interest to keep the world stable, keep the world not at war, to keep things peaceful, to make sure we have human control of these tools.' —With assistance from Jing Li and Charlie Zhu. (Updates with Schmidt's comments from the 11th paragraph.) Burning Man Is Burning Through Cash Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data