Nvidia's ‘Sovereign' AI Could Win a Prize for Irony
Nvidia Corp. billionaire boss Jensen Huang, clad in his signature leather jacket, has been crisscrossing European capitals and sharing the stage with the likes of Keir Starmer and Emmanuel Macron as he pitches 'sovereign' artificial intelligence, a vision of new data centers offering essential compute power within national borders rather than via dominant tech firms from abroad. But if there were prizes for irony, it's a concept that might win a few.
Huang's pitch has understandably struck a chord with leaders desperate for new sources of productivity gains and for ways to avoid falling terminally behind in a tech race dominated by the US and China. Recent announcements include a partnership with French AI startup Mistral to build a cloud platform powered by 18,000 Nvidia Blackwell chips and a Germany-based industrial cloud for European manufacturing built with 10,000 Blackwell chips. It's not just Europe — Nvidia has cut big sovereign AI deals in the Middle East — but the Old Continent is where Huang sees computing capacity increase by a factor of 10 over the next two years. 'It's coming,' he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Jim Cramer on NVIDIA Stock: 'I Don't See It Tripling From Here'
NVIDIA Corporation (NASDAQ:NVDA) is one of the 11 stocks Jim Cramer put under the microscope recently. The company was mentioned during the episode, and here's what Mad Money's host had to say: 'If the semis became like the oils in 1980, then tech would… account for about 60% of the S&P 500. I think that's unrealistic… I just think we gotta curb our enthusiasm a little bit, and everyone knows I love the sector. It's hard to accept that a stock like NVIDIA, currently the largest company in the world, could double or even triple if Reitzes' (Ben Reitzes, Managing Director and Head of Technology Research at Melius Research) bullish forecast comes to life. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA (NASDAQ:NVDA) develops advanced computing, graphics, and networking technologies. The company provides a wide range of products and software that support data centers, AI, robotics, gaming, virtual computing, and automotive systems, including cloud services and digital twin applications tailored for enterprise AI use. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
12 minutes ago
- Yahoo
Jim Cramer Calls AMD a 'Semi-Meaningful Competitor' to NVIDIA
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 13 stocks Jim Cramer recently shed light on. During the episode, Cramer called the stock a 'semi-meaningful competitor' to NVIDIA. He said: 'Lately though, we've been seeing AMD, their only semi-meaningful competitor; stock's up like 40 straight points, win[s] a lot of business. Same with Cisco, Arm Holdings. Marvell Tech. Broadcom plays a huge role in these. Vertiv makes power and cooling equipment for the data center. A close up of a complex looking PCB board with several intergrated semiconductor parts. Advanced Micro Devices (NASDAQ:AMD) designs and sells a wide range of semiconductor products, including AI accelerators, microprocessors, GPUs, FPGAs, and adaptive SoCs for applications in computing, graphics, gaming, and data centers. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 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
Forbes
41 minutes ago
- Forbes
Cyngn Stock: Should You Buy The Nvidia Hype?
Cyngn (NASDAQ:CYN) stock has surged over 300% in just two trading days after AI chip titan Nvidia named the company in a blog post as one of a select group of robotics innovators using its Isaac robotics platform to build autonomous industrial vehicles. Cyngn specializes in autonomous vehicle technology tailored for industrial and logistics applications. Isaac is Nvidia's robotics platform that combines AI models for perception, reasoning, and control, serving as an open foundation model for robotic skills and decision-making. Cyngn's flagship product, DriveMod, retrofits existing industrial vehicles such as forklifts, turning them into autonomous machines. The announcement from Nvidia comes ahead of Automatica 2025, a major global automation and robotics event where Cyngn is set to showcase its latest technologies. Cyngn's vehicles, which integrate Nvidia's Isaac platform with its own DriveMod software, are already operating in live commercial environments, catering to customers in logistics, manufacturing, and automotive sectors. Although these tools could play an increasing role in streamlining operations and reducing labor costs, investors should be cautious when it comes to Cyngn's stock. But, if you are looking for an upside with a smoother ride than an individual stock, consider the High Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception. JINHUA, CHINA - OCTOBER 25: Automated robotic arms work on the assembly line of new energy vehicles ... More at a factory of Chinese EV startup Leapmotor on October 25, 2023 in Jinhua, Zhejiang Province of China. (Photo by Hu Xiaofei/VCG via Getty Images) VCG via Getty Images Cyngn Is Still A Risky Bet Cyngn is still in the early stages of commercialization, with Q1 revenue of a mere $47,200, despite strong growth from a small base. Revenue volatility remains a concern. Over the past year, sales actually declined by 34.1%, falling from $0.6 million to $0.4 million, while the broader S&P 500 saw average revenue growth of 5.5%. Cyngn also posted a net loss of $7.6 million in Q1, reflecting continued heavy investment in R&D and scaling up its operations. The company recently announced a $15 million direct offering at $5.01 per share, providing additional capital but also diluting existing shareholders. With a high cash burn rate, Cyngn may need to raise more funds in the future. Valuation is also stretched. Cyngn trades at a price-to-sales (P/S) ratio of 43.5, compared to 3.1 for the S&P 500. It's also worth noting that the recent rally was sparked largely by Nvidia's mention, not an exclusive partnership or contract. Cyngn is one of more than ten companies featured in Nvidia's blog post, and likely just one of many that will leverage Isaac moving forward. With limited revenue, significant losses, and a recent share issuance, the rally appears driven more by speculation, rather than business fundamentals. (Related: QuantumScape: 40x Upside For QS Stock?) While you would do well to be cautious about CYN stock for now, you could explore the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics
