#nvidia

#nvidia

Arm Holdings is poised to make a big splash in the chip game, perhaps a bigger one than initially expected, with $15 billion in annual revenue from the new chip currently being projected through 2031.

Scaling our infrastructure in Europe is critical to empower our customers and to ensure AI innovation and autonomy remain at the heart of Europe. We will continue to invest in this area, given the surging and sustained demand from governments, enterprises, and research institutions seeking to build their own customized AI environment, rather than depend on third-party cloud providers.

The S&P 500 is down 0.5%, or by 33 points. The SPDR S&P 500 ETF (SPY) is down 0.36%, or by $2.32. The Dow is down 0.45%, or by 208 points. The Nasdaq is down 0.73%, or by 173 points.

The US Attorney's Office for the Southern District of New York has charged three people with illegally exporting NVIDIA GPUs to China in violation of the Export Control Reform Act. NVIDIA's chips have become a critical component in the rush to train and run increasingly complex artificial intelligence models.

ByteDance, the parent company of TikTok, is working with a Southeast Asian company on plans to use Nvidia's Blackwell chips in Malaysia for AI research and development. The partner is a Tier 1 Nvidia cloud partner, meaning it gets priority access to Nvidia's latest chips directly from Nvidia. ByteDance plugs in through that relationship to access hardware it cannot legally obtain at home.

NVIDIA's transformation is the business story of the AI era. What started as a gaming GPU company pivoted into accelerated computing at exactly the right time. The company went public in 1999, but the real inflection came when cloud companies realized GPUs could train AI models faster than anything else. By the time ChatGPT launched, NVIDIA had already built the CUDA software moat that made switching to competitors nearly impossible.

Still the big name in the market today, NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) shares dipped over the past week, but retail investors on Reddit are turning bullish after Meta Platforms (NASDAQ:META) announced a massive multi-year AI infrastructure deal on February 18. NVIDIA sentiment jumped to 59 this week from 54.2 over the past month, with the Meta partnership announcement driving most of the conversation.

Nvidia recently spent billions to license technology from a chip startup focused on low-latency AI computing, and also started selling standalone CPUs as part of its latest superchip system. And yesterday, Nvidia and Meta announced that the social media giant had agreed to buy billions of dollars worth of Nvidia chips to provide computing power for the social media giant's massive infrastructure projects-with Nvidia's CPUs as part of the deal.