Latest news with #JensenHuang-led
Time of India
7 days ago
- Business
- Time of India
Apple's largest iPhone manufacturer recalls Chinese workers, Nvidia becomes most-valuable company ever, Nothing's new smartphone and other top tech news of the week
This week in technology, Jensen Huang-led Nvidia surpassed Apple and Amazon to become the most valuable company in history with its market value reaching $3.92 trillion; Apple's biggest iPhone manufacturer recalled its chinese engineers and technicians from Indian facilities; Nothing unveiled its Phone (3) and Headphone (1); and more in top tech news of the week. Foxconn experiences a significant withdrawal of Chinese engineers from its Indian facilities Apple's largest iPhone manufacturer has recalled over 300 Chinese engineers and technicians from its Indian production facilities, creating significant operational challenges as the iPhone-maker prepares for iPhone 17 manufacturing. The mass withdrawal, which began two months ago, leaves only Taiwanese support staff at Foxconn's southern India plants, according to Bloomberg. The exodus comes as a major disruption to Apple's India expansion strategy, particularly as Foxconn constructs a new iPhone assembly facility in the region. Nvidia sets new record, leaves Apple and Microsoft behind to become first company in history to achieve this milestone by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Nvidia's market value soared to $3.92 trillion last week, potentially making it the most valuable company ever, driven by Wall Street's AI optimism. Surpassing Apple's previous record, Nvidia's specialized chips are crucial for training large AI models, fueling immense demand. Its market capitalization exceeds the combined value of all publicly listed companies in Canada, Mexico, and even the United Kingdom. Nothing Phone (3) launched in India; price starts at Rs 79,999 Nothing has launched its flagship Phone (3) in India, featuring a new Glyph Matrix micro-LED display and a Snapdragon chipset for enhanced performance. Available in Black and White, the phone offers 12GB/256GB and 16GB/512GB variants, priced at Rs 79,999 and Rs 89,999 respectively. Nothing Phone (3) will go on sale via Flipkart, Flipkart Minutes, Vijay Sales, Croma, and all leading retail stores starting from July 15. Nothing Headphone (1) launched in India at Rs 21,999 Nothing has launched Headphone (1), its first over-ear headphones, co-engineered with KEF. The India price starts at Rs 21,999, with a special launch day price of Rs 19,999 on July 15, 2025. It will be available via Flipkart, Myntra and retail stores. The headphones feature a transparent design, tactile controls, and customisable button. Amazon reaches new milestone, becomes world's largest manufacturer and operator of… Amazon has announced that it has reached a significant milestone, deploying its millionth worker robot across its global network of over 300 facilities. The company also revealed plans to power its entire robot fleet with a newly launched generative artificial intelligence (AI) model named "DeepFleet." This expansion comes soon after company CEO Andy Jassy talked about job cuts and increasing automation. According to Scott Dresser, vice president of Amazon Robotics, this achievement solidifies Amazon's position as the world's largest manufacturer and operator of mobile robotics. Dresser stated that the new DeepFleet AI model will change how robots move within fulfillment centers, aiming to reduce fleet travel time by 10%. Infosys HR sends 'detailed warning email' to employees Infosys has begun sending personalized warning emails to employees who exceed standard working hours, directly contradicting founder N.R. Narayana Murthy's recent advocacy for a 70-hour workweek. The Bengaluru-based firm has implemented an automated monitoring system that triggers alerts when employees work beyond 9 hours and 15 minutes daily. "We must work for 9.15 hours a day for five days a week, and if we overshoot this while working remotely, it prompts a trigger," an employee told The Economic Times. The company's HR department now tracks remote working hours monthly, sending detailed notifications to staff members who exceed prescribed durations. Indian techie Soham Parekh faces backlash over moonlighting Indian software engineer Soham Parekh has been accused of simultaneously working for multiple American startups. He was exposed by Silicon Valley CEO Suhail Doshi on social media platforms. Parekh has allegedly been deceiving employers about his availability and commitments, triggering a social media debate on remote hiring practices. Philips I9000 Review: AI-powered smart shaver with SkinIQ
Mint
05-07-2025
- Business
- Mint
Nvidia beats Apple to become most valuable company ever! It's now worth more than all listed companies in UK
Jensen Huang-led Nvidia has set a new record, beating companies like Apple and Microsoft to become the most valued company in the world in history. With a staggering market cap of $3.92 trillion that it hit briefly on Thursday, Nvidia's success has peaked amid optimism at the Wall Street regarding Artificial Intelligence (AI). The company on Thursday ended trade on the stock markets with a market value of $3.89 trillion, much above Microsoft and Apple. Here is everything you need to know about Nvidia's record. The leading designer of high-end AI chips briefly beat Apple's previous record of being the most valuable company in history, when it touched a market cap of $3.915 trillion. That record was set on December 26, 2024 before being broken in a little over than six months by Nvidia. Microsoft is currently the second-most valuable company on Wall Street, with a market capitalisation of $3.7 trillion, while Apple is in the third place with a market value of $3.19 trillion. According to a report by news agency Reuters, Nvidia's growing market value is a result of Wall Street's big bets on the proliferation of generative AI technology. The Jensen Huang-led company's hardware serves as a foundation to the optimism about AI. The sharp increases in the shares of Nvidia and other Wall Street heavyweights have left people who save for their retirements through widely used S&P 500 index funds heavily exposed to the future of AI technology, Reuters reported. With the rising demand of AI, tech giants like Google, Microsoft, Meta Platforms, Tesla and Amazon are rushing to build advanced AI data centres to take a lead in emerging AI technology. This is the exact reason why Nvidia stands to gain, as demand for the company's specialised chips has risen considerably. Nvidia now accounts for 7 per cent of the S&P 500. Nvidia, Microsoft, Apple, Amazon and Alphabet together make up 28 per cent of the index. As per the Reuters report quoting LSEG data, Nvidia is now worth more than the combined value of the Canadian and Mexican stock markets. It also has a higher market value than the total value of all publicly listed companies in the United Kingdom. The stock's recent rally comes after a slow first half of the year, when investor optimism about AI took a back seat to worries about tariffs and Trump's trade dispute with Beijing. (With inputs from Reuters)
Yahoo
06-06-2025
- Business
- Yahoo
The Zacks Analyst Blog Highlights NVIDIA, Microsoft, Taiwan Semiconductor Manufacturing Company, Alphabet and Amazon.com
Chicago, IL – June 6, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: NVIDIA Corp. NVDA, Microsoft Corp. MSFT, Taiwan Semiconductor Manufacturing Company Ltd. TSM, Alphabet Inc. GOOGL and Inc. AMZN. NVIDIA Corp. recently achieved a milestone, following double-digit revenue growth in the fiscal 2026 first quarter and a business boom. Let's explore this achievement and consider the NVDA stock's potential for investment. On Tuesday, NVIDIA surpassed Microsoft Corp. to regain the title of the world's most valuable company. NVIDIA's shares continued to rally on Wednesday, with the Jensen Huang-led company's market capitalization currently at $3.461 trillion. NVIDIA stock rose by over 50% from its low in April, leading to a market capitalization increase of over $1 trillion as investors showed renewed confidence. NVIDIA's shares have experienced periods of volatility this year due to investor concerns about the sustainability of artificial intelligence (AI) demand and the Trump administration's tariffs. However, better-than-expected first-quarter revenues, despite losing billions in sales due to the U.S. export ban on China, powered NVIDIA's shares. For the quarter, NVIDIA posted revenues of $44.1 billion, exceeding analysts' expectations of $43.3 billion and significantly more than $26 billion in the same period last year. NVIDIA successfully overcame supply-chain bottlenecks to deliver its cutting-edge Blackwell AI servers to big cloud customers, including Microsoft. NVIDIA's primary contract chip manufacturer, Taiwan Semiconductor Manufacturing Company Ltd., or TSMC, confirmed strong AI chip demand. All these developments also helped NVIDIA's shares trade in positive territory for the year, up 5.4% year to date. To enhance AI computing capabilities, cloud computing companies Alphabet Inc. and Inc., to name a few, are purchasing graphics processing units (GPUs), where NVIDIA has more than a 90% market share, according to IoT Analytics. This wide moat should continue to bolster growth. Moreover, the increase in popularity of the CUDA software platform among developers and the growing demand for the Blackwell chips due to their faster AI interface are expected to boost NVIDIA's growth. At the same time, NVIDIA stands to benefit from the AI revolution in autonomous robots and self-driving cars. Amazon employs NVIDIA's Isaac to train warehouse robots. NVIDIA's increasing value, rise in first-quarter revenues, growing AI data center spending, demand for its latest chip and GPU, and potential growth in automotive revenues should encourage stakeholders to stay invested in NVDA stock. Additionally, keeping NVDA stock due to its strong fundamentals makes sense as the company's net profit margin of 55.7% outperformed the Semiconductor - General industry's 49.5%. However, the U.S. government has restricted NVIDIA from selling its H20 chips to the Chinese market, which could impact the company's revenue growth vis-à-vis its stock performance in the future. Therefore, new entrants should wait and watch for any progress in this area before making a bet on NVDA stock. For now, NVIDIA has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
CNBC
29-05-2025
- Business
- CNBC
Two bears remain on Nvidia after its strong results. What they are worried about
Although most analysts remain bullish on Nvidia following its latest strong earnings , other analysts are staying off to the sidelines when it comes to the chipmaker's stock. D.A. Davidson and HSBC reiterated their neutral and hold ratings, respectively, though they each raised their price targets on Nvidia shares. D.A. Davidson hiked its target to $135 from $120, which implies the stock won't do anything compared to Wednesday's close. HSBC increased its target by $5 to $125, implying the stock will fall more than 7% over the coming year. This comes as shares of the dominant artificial intelligence chipmaker rose more than 5% in early Thursday trading after net income and revenue in the latest quarter topped analyst estimates. Nvidia earned an adjusted 96 cents per share on revenue of $44.06 billion, while analysts surveyed by LSEG were looking for 93 cents per share on $43.31 billion in revenue. NVDA 1D mountain NVDA, 1-day The Jensen Huang-led company also called for about $45 billion in sales in the current quarter and said that its outlook would have been about $8 billion higher if it weren't for lost sales from an export restriction on its H20 chips to China. "It is our belief that the Street is under-accounting Chinese contribution to Nvidia revenue and that this topic represents the largest overhang on the stock, which will continue until we have an official position from the Trump administration that will give us resolution on the matter in one direction or the other," D.A. Davidson analyst Gil Luria wrote in a note in reaction to Nvidia's latest results. Nvidia estimates that the China accounts for about $50 billion in total addressable market , Luria noted. He added that the company is "handing the entire Chinese opportunity to homegrown manufactures such as Huawei" by not having a product that can serve what customers need. While HSBC analyst Frank Lee sees the potential for an AI graphics processing unit (GPU) comeback in China despite the recent H20 restriction, he's concerned that supply chain mismatches could continue to weigh on Nvidia even with an improving ramp up of its Blackwell chips. "We continue to believe that a growing supply chain mismatch between upstream AI GPU shipments and downstream ODM NVL server rack shipments is likely to increase into 2HFY26e despite improving downstream Blackwell rack yields," the analyst wrote in a Thursday note, referring to original design manufacturers and a specific Nvidia chip. "Hence, we still see potential for slower 2HFY26 GPU order momentum." Lee and Luria are two of only six analysts who are neutral on Nvidia, according to LSEG. Most are bullish, with 57 of 64 analysts on Wall Street rating Nvidia the equivalent of a buy.
New York Post
28-05-2025
- Automotive
- New York Post
Nvidia shares pop on strong AI demand despite hit from China chip restrictions
Nvidia reported strong demand for its AI chips and solid first-quarter results on Wednesday, providing some relief to anxious investors who have come to see the world's leading chip supplier as a bellwether for the overall tech industry. The Jensen Huang-led company reported earnings of 96 cents per share on sales of $44.06 billion for the quarter ending in April. Both numbers came in higher than Wall Street's expectations, with revenue up 69% compared to one year ago. according to data compiled by LSEG. However, President Trump's move to slap fresh export controls on Nvidia's shipments to China weighed on its guidance. Nvidia expects revenue of about $45 billion in the fiscal second quarter – with a loss of $8 billion in expected sales of H20 chips that would have been shipped to China. Advertisement 3 Nvidia CEO Jensen Huang touted strong demand for AI products. AFP via Getty Images Nonetheless, the stock jumped 4% in after-hours trading following the better-than-expected earnings, which were released after the closing bell. The restrictions on the sale of Nvidia's H20 chips to China, the only AI processors it could legally export to the country, prompted Nvidia to disclose in April that it expected a $5.5 billion charge — temporarily sending the markets into a tailspin. Advertisement On Wednesday, Nvidia said the actual first-quarter charge due to the H20 restrictions was $1 billion less than expected because it was able to reuse some materials. Huang put a positive spin on the results and described demand for Nvidia's AI infrastructure as 'incredibly strong.' 'Global demand for Nvidia's AI infrastructure is incredibly strong,' Huang said in a statement. 'AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate.' 'Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and Nvidia stands at the center of this profound transformation,' Huang added. Advertisement 3 Nvidia warned of an $8 billion hit from lost China sales in the second quarter. AFP via Getty Images Nvidia said it took a $4.5 billion charge on excess H20 inventory in the first quarter. The company said it would have sold $2.5 billion in additional chips if not for the restrictions. Nvidia's data center business was a bright spot for the quarter, with proceeds jumping 73% to $39.1 billion. Nvidia is at the forefront of the current AI boom, with Google, Microsoft, Meta, Amazon, OpenAI and Elon Musk's xAI among the firms that rely on its chips to power the increasingly complex large language models that underpin their AI tools. Advertisement 3 Huang put a positive spin on the results and described demand for Nvidia's AI infrastructure as 'incredibly strong.' REUTERS Microsoft, Amazon, Meta and Google alone are expected to spend a combined $345 billion this year as they pour resources into the AI race, according to Visible Alpha estimates.
