Wall Street, NVIDIA and Palantir
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Anonymous sources have claimed that NVIDIA is preparing samples of a new B30A AI chip to deliver to Chinese customers "as early as next month." How will that play out amongst the current political tensions between China and the US?
The other scorching-hot artificial intelligence stock that stands out in Nvidia's $4.33 billion investment portfolio is semiconductor colossus Arm Holdings ( ARM -5.00%). Nvidia closed out June with the same number of shares of Arm as it had in March (1,101,249), which worked out to a market value of $178.1 million.
The National Science Foundation and NVIDIA are investing $152 million in an open-source AI initiative led by Ai2, delivering reproducible AI models to accelerate scientific discovery and reshape enterprise IT strategies.
Nvidia (NASDAQ:NVDA) stock continues to be the talk of the town. Jensen Huang’s GPU empire has really made the most of the AI boom. And while there will be other winners from this revolution, especially as agents and the race to AGI (artificial general intelligence) fuels the boom,
Nvidia ( NVDA 0.94%) owns stock in publicly traded companies as part of its treasury strategy. Its $4.3 billion portfolio included six positions as of the June-ending quarter, but two accounted for 95% of invested assets: 91% was allocated to CoreWeave ( CRWV -3.17%) and 4% was to Arm Holdings ( ARM 1.52%).
Wall Street fell further from its records. The S&P 500 lost 0.6% Tuesday, its third straight loss after setting its all-time high last week.
The Allen Institute for AI (Ai2) will receive $152M from Nvidia and the NSF to lead a five-year project building fully open AI models for science.
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Futurism on MSNAI Industry Trembles as Nvidia's Stock Nosedives
Shares of AI chipmaker Nvidia plunged on Wednesday, dropping by over two percent in early trading. A major tech selloff caused major players in the AI industry to lose out big. Nvidia, in particular,