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Nvidia slumps by $450 billion in market-cap loss across three days amid a U.S. tech sell-off.
Palantir CEO Alex Karp criticizes Michael Burry’s billion-dollar short bet on Palantir and Nvidia as bewildering given their AI leadership.
Nvidia has officially become the first company in history to reach a $5 trillion market capitalization, cementing its dominance in the AI era and setting a new benchmark for global technology valuation.
The S&P 500 reached a new all-time high above 6,900 even as nearly 80% of its components fell, with Apple, Nvidia and Microsoft alone driving the rally ahead of the Fed’s rate decision.
Apple became the latest company to surpass $4 trillion in market value, joining Nvidia and Microsoft as investors reward AI innovation and stronger-than-expected iPhone 17 sales.
Qualcomm announced a bold push into AI infrastructure with two new chips AI200 and AI250 targeting rack-scale data-center workloads and rivaling leaders like Nvidia and AMD.
Broadcom stock jumped after OpenAI announced a partnership to co-develop 10 gigawatts of custom AI accelerators, expanding the chipmaker’s foothold in next-generation data infrastructure.
Nvidia will invest as much as $2 billion in xAI’s $20 billion funding round, backing the startup’s purchase and rental of its own GPUs.
Huawei has detailed a three-year campaign aimed at narrowing the technological gap with Nvidia, relying on scale, national strategy and integrated infrastructure rather than raw silicon supremacy.
China has ordered major tech firms to stop buying Nvidia’s RTX Pro 6000D chips, prompting CEO Jensen Huang to express disappointment and highlight growing geopolitical risk.
Major U.S. tech firms including Microsoft, Nvidia, Google and OpenAI have committed approximately £31 billion (about $40 billion) toward UK AI infrastructure, signaling a major boost to the country’s computing and innovation potential.
CoreWeave’s stock surged after revealing a $6.3 billion Nvidia agreement guaranteeing purchases of unsold cloud capacity through 2032.