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US Launches Antitrust Probe Against Nvidia Amid Market Surge
2024-08-02 09:00:08
Business
Markets
Technology

US Launches Antitrust Probe Against Nvidia Amid Market Surge

The US Department of Justice is scrutinizing Nvidia, accusing the AI chip giant of pressuring cloud providers like Amazon, Microsoft, and Google into buying its products and inflating prices for AMD's offerings. This investigation coincides with Nvidia's record-breaking $330 billion market cap surge, fueled by renewed AI enthusiasm.

Despite denials from Nvidia, the probe risks the $700 million Run:ai deal and imperils Nvidia's Israel development center, crucial for global software endeavors. An esteemed analyst's endorsement of Nvidia stock, buoyed by robust AI chip demand and technological advancements, underscores the company's resilience amidst supply chain disruptions and competitive challenges.

Nvidia's Q2 revenue outlook of approximately $28 billion hints at a promising future, despite looming uncertainties.

Related news on that topic:

Nvidia's Recent Challenges and Growth Opportunities in the AI ... Industry

Nvidia, the leading AI company, experienced a 7% decline in its stock price due to high investor expectations and reports of Apple using Alphabet's chips for AI training. However, Nvidia's strong growth, with 107% year-over-year sales growth and a 74.8% gross margin, makes its valuation reasonable. The Motley Fool Stock Advisor previously recommended Nvidia, which has seen significant returns over the years. Nvidia's investment portfolio focuses on Arm's energy-efficient chips, Recursion's AI-powered therapies, Serve Robotics' autonomous delivery, and SoundHound's voice AI, leveraging its AI expertise. Billionaire Ken Griffin increased his position in Broadcom, a rival AI stock, but Nvidia remains a preferred choice for substantial returns. Broadcom recently split its stock, making it an attractive option in the AI industry. Nvidia's stock has become more volatile than Bitcoin and Ether, reflecting its importance as a barometer for both equity and crypto markets. Despite challenges, Nvidia continues to thrive in the AI industry, dominating high-compute data center GPUs.

Nvidia Stock Rises After Record Gain in Market Value

Despite a recent $500 million market value drop, Nvidia's stock surged after a top analyst included it in the top pick list due to robust AI chip demand. Nvidia's new Blackwell GPUs, outperforming the current Hopper chips, alongside competitors like AMD's MI series and Microsoft's capital spending boost indicate sustained AI investments. The company's market dominance remains strong despite supply chain challenges and a temporary sales 'air pocket' before the Blackwell launch. Nvidia's Q2 revenue guidance stands at around $28 billion, with varying lead times for different products. In a historic jump, Nvidia added $330 billion in market value, becoming the world's third-most valuable company driven by Microsoft's increased AI spending.

Read 38 more recent news on this topic

The press radar on this topic:

n-tv.de
2. August 2024 um 07:01

Extortion with AI Chips?: Report: USA Initiates Antitrust Proceedings Against Nvidia - n-tv.de

Technology
Economy
Finance
Nvidia, the global market leader in AI chips, is being investigated by the US Department of Justice for antitrust allegations. Allegedly, Nvidia has put pressure on cloud providers like Amazon, Microsoft and Google to purchase several of its products and demanded higher prices for competing products from AMD in order to upgrade their data centers. Despite the investigation, Nvidia experienced the largest increase in market value in Wall Street history on Wednesday, with a $330 billion increase..
Globes
2. August 2024 um 11:35

US antitrust probe endangers Nvidia - Run:ai deal - report

Technology
US antitrust probe into Nvidia's $700 million Run:ai acquisition jeopardizes Nvidia's Israel development center, which includes the acquisition of AI company Deci, as a major hub for Nvidia's software development outside the US.
The Street
1. August 2024 um 23:46

Top analyst puts Nvidia stock on key list after $500 million slump TheStreet Daily Newsletter

Finance
Technology
Economy
Nvidia stock rises after top analyst adds it to top pick list, citing strong AI chip demand despite $500M market value loss this month. Nvidia's new Blackwell GPUs, 2x faster than current Hopper chips, AMD's $1B+ MI series and new MI300X GPUs, and Microsoft's 77% capital spending increase signal continued AI investment from key customers like Microsoft, Meta, and Amazon. Analyst sees Nvidia's market dominance enduring despite supply chain snarls and competition, as well as concerns over 'air p..
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