NVDA

A respected investment bank sees gains of over 80% for investors who buy this top AI stock now.

Nvidia's CEO said on Wednesday the chip company plans to invest around $150 ‌billion a year in Taiwan, terming it the "epicentre" ‌of the AI revolution and predicting it will be the world's tech manufacturing ​hub for a long time. Jensen ‌Huang, chief of ⁠the $5 trillion chipmaker, said. Huang was speaking at a launch celebration in Taipei for the chip company's ⁠planned Taiwan headquarters, which he said will break ground this year and aims to become operational in 2030.

The rocket and satellite company is heading for a record-setting debut, but its newly public financials tell a more complicated story.

Investors see Corsair’s AI move as a shift from gaming hardware toward enterprise AI infrastructure.

SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an AI-driven rally. Shares of SK Hynix closed ‌the session up 9.3%, after rising as much as 14.9% during the session to take the South Korean chipmaker's market value to a record ‌1,680 trillion won ($1.12 trillion) and propel the country's benchmark KOSPI index to a record high. Domestic rival Samsung surpassed $1 trillion in market value for the first time on May 6, while U.S.-listed Micron did ​so on Tuesday.

IREN (NasdaqGS:IREN) agreed to purchase $1.6 billion of Nvidia Blackwell systems from Dell to power its AI data centers in Texas. The company plans to use this hardware to serve previously announced AI cloud contracts at its existing Texas campus. Management has highlighted power grid constraints as a key risk for new AI data centers, with many projects facing multi year delays. IREN points to its pre secured power infrastructure as a key factor in being able to deploy new AI compute...

Nvidia (NVDA) Chief Executive Officer Jensen Huang has publicly called on Super Micro Computer (SMCI) to strengthen its compliance efforts after Taiwanese authorities detained three people accused of making fraudulent declarations tied to AI servers containing Nvidia chips. According to a Bloomberg ...