Less than a year ago, fabless chipmaker Nvidia Corp did the unthinkable- after crushing first-quarter earnings expectations, the Silicon Valley tech company’s market capitalisation shot above one trillion dollars. Three artificial intelligence-powered jumbo earnings beats later, and that milestone pales in comparison to where Nvidia is today. Thanks to skyrocketing demand for its cutting-edge AI-focused microchips, Nvidia is now valued at more than two trillion US dollars. Such is the tremendous premium pla ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

Aircraft delivery delays were brought to light as the trade portion of the Singapore airshow came to a close on Friday. Given the aviation industry’s booming recovery on an uptick in demand since the pandemic, airlines used the event to question what major manufacturers Boeing Co (NYSE:BA, ETR:BCO) and Airbus Group (EPA:AIR) were doing to address delivery delays. “Dozens and dozens” of engineers are being sent to directly assess supply chain bottlenecks, according to Airbus. Airlines such as Lufthansa said ...

Twitter founder Jack Dorsey’s bitcoin-focused fintech venture Block Inc (NYSE:SQ) (formerly Square), which runs the popular Cash App, clocked over $21.9 billion in net revenues in 2023, marking a 25% increase from 2022. Bitcoin-based revenues accounted for the lion’s share of revenues, with $9.5 billion accrued from purchases and sales of the benchmark cryptocurrency. However, extremely tight spreads mean gross bitcoin profits were less than 3%. Block applies a small margin when facilitating bitcoin purchas ...

Artificial intelligence was invariably the focus of attention in Nvidia Corp’s latest stunner of a revenue and earnings beat, but the buzz around the fabless chipmaker’s bleeding-edge AI chips clouds the fact Nvidia, historically speaking, was a gaming company. Indeed, Nvidia’s 10-K was a wildly different beast a handful of years ago. A quick Ctrl+F comparison shows that Nvidia’s fiscal year 2020 annual report mentioned ‘data center’ (where AI chip revenues are logged) 20 times. In yesterday’s annual report ...

Airbus Group (EPA:AIR) has signed another order at the Singapore air show, taking its tally closer to rival Boeing Co (NYSE:BA, ETR:BCO) as the latter reels from the groundings of its 737 Max 9 jets last month. Airbus said a memorandum of understanding had been agreed with Vietjet Air for 20 Rolls-Royce-powered A330-900 aircraft on Thursday. These will replace the carrier’s current fleet and come after the French manufacturer unveiled orders for eight jets from Taiwan-based Starlux on Wednesday. Boeing has ...

Nvidia Corp once again smashed expectations in Wednesday’s annual earnings call with another artificial intelligence-led revenue and earnings beat. According to analysts by Wedbush Securities, Nvidia not only exceeded quarterly estimates but also provided an optimistic outlook for the first quarter, signalling continued growth momentum. Data centre revenues, which encompass sales of Nvidia’s cutting-edge AI-focused chip designs, surged a whopping 409% year on year, with forward guidance implying “solid grow ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

China sales have been a concern for Nvidia Corp even since the Biden administration placed export controls on high-spec artificial intelligence-grade hardware in late 2022. Fearing that advanced computing chips like Nvidia’s bleeding-edge H100 design could supercharge the Communist Party’s military ambitions, these export controls threw a question mark over one of the Silicon Valley giant’s most lucrative markets. “These items and capabilities are used by the PRC to produce advanced military systems includi ...

NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) shares soared 9% in aftermarket trading after its fourth-quarter earnings once again smashed analysts' expectations. Other chip makers also experienced a lift from the results, including British manufacturer Arm Holdings PLC (NASDAQ:ARM), which lifted around 8% after close, and Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD), which rose 4%.  The AI chipmaker generated revenues of $22.1 billion during the period compared to Wall Street analyst expectations of $20.3 billion ...