NVIDIA pushes back on H-1B VISA fee hike
Digest more
Once upon a time, a chipmaker didn’t matter unless it was Intel INTC. In the 1990s and early 2000s, Intel dominated the PC CPU market, with a market share routinely falling in the 70% to 80% range, generating tens of billions in annual sales.
While even a multi-million-dollar potential jump in Nvidia’s fee payments for visa applicants may seem insignificant to a company with a market cap of $4.5 trillion, the new charges represent a big increase from the between $2,000 and $5,000 per applicant companies were paying before.
AMD CEO Lisa Su should hope Nvidia CEO Jensen Huang takes digs at her more often. After Huang turned up on CNBC on Wednesday morning—where he discussed both the AMD-OpenAI chip deal announced on Monday and Nvidia's own dealmaking—AMD’s stock rallied 11%!
One example of AI factories coming to pass is the British government's goal to expand the country's AI computing infrastructure by 20 times over the next five years. To that end, the U.K. partnered with OpenAI, and in turn, OpenAI enlisted Nvidia to provide as much as 31,000 AI chips.
24/7 Wall St. on MSN
Nvidia CEO Huang Richer Than Warren Buffett
Warren Buffett is the 11th richest man in the world. However, Nvidia's CEO has passed him to become the world's ninth richest person.
The "Mad Money" host predicts the chipmaker's new "reasoning" platform could shake up white-collar jobs and set the stage for another decade of dominance.
Although Nvidia and Intel shares took off since the deal's announcement, the latter's stock remains reasonably valued. Because Intel isn't profitable, this can be assessed using the price-to-sales (P/S) ratio, which measures how much investors are willing to pay for every dollar of revenue produced over the trailing 12 months.
24/7 Wall St. on MSN
Buy, Sell or Hold: Nvidia Stock At $190
Nvidia (NASDAQ:NVDA) shares have pulled back from their summer highs, but have regained their momentum with the stock trading just above $187 per share. The chipmaker, a linchpin in the artificial intelligence (AI) revolution,
Nvidia's remarkable earnings growth (with EPS anticipated to increase by nearly 50% this year), its leading role in accelerated computing, and
Nvidia's $100 billion commitment to OpenAI over a few years is one of several circular deals Nvidia is making. Upstream chip sales fuel downstream