However, billionaire David Tepper sold Nvidia in the third quarter and bought a shocking AI stock: electric utility Vistra ( VST -0.13%). That was a bad pun, but Tepper is a good case study for investors because his hedge fund Appaloosa more than doubled the return of the S&P 500 ( ^GSPC -0.00%) in the last three years.
Nvidia stock is up a staggering 2,500%. That means a $10,000 investment in Nvidia stock made five years ago would now be worth nearly $260,000. Yet the fact of the matter is that a lot of investors may have missed out on Nvidia's rise,
Explore how NVIDIA became the leader in AI chips, the challenges it faces from competitors like AMD and Intel, and the impact of China's antitrust investigation.
Nvidia stock was rising early Friday as earnings from fellow chip company Broadcom underlined the strong demand for artificial-intelligence processors.Nvidia shares were up 1.3% at $139.06 in premarket trading.
One company leading the charge in AI research and implementation is Amazon ( AMZN -0.66%). The company is well-positioned to reap the benefits of its foray into AI, which will ultimately help secure its membership in the $3 trillion club by 2027. Let's take a look at how AI will fuel its ascent.
Explore the latest Nvidia earnings report, AI growth, and stock performance. Is AI still a solid investment trend, or is Nvidia's growth slowing?
Big AI news and GenAI stories of 2024 include Nvidia, Microsoft Copilot, Cisco, HPE Private Cloud AI, AI agent technology, PCs, cybersecurity threats and innovation.
Nvidia ups hiring in China
Without obtaining an export license from the U.S. Department of Commerce, Nvidia cannot supply its high-end H100 and the latest H200 GPUs to China-based entities. This license will hardly be granted,
Shares of Nvidia have slipped after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws.
For some, Nvidia’s rapid ascent to being the world’s largest company was a shock, but for anyone paying attention their eventual success should have been obvious.
ByteDance is the top buyer of Nvidia AI chips inside China, despite US regulations that require the sale of less powerful Nvidia chips in the country.