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 ...

Japan's stock market reached a historic milestone as the Nikkei 225 index soared to a new all-time closing high, breaking a record that stood for 34 years. On Thursday, the index surged by 2.2% to close at 39,098.68, surpassing the previous high of 38,915.87 set on December 29, 1989 - when Back to the Future II was top of the box office, and Do They Know its Christmas was Britain's number one record. In the last year, it has advanced 42%, fuelled by a rally in Asian technology stocks. The latest boost came ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Jeff Bezos has continued a run of selling his shares in Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ), taking the total recently offloaded by the e-commerce giant’s founder above US$8 billion. Bezos sold off more than 14 million shares in his company between last week and Tuesday, securities filings show, worth around US$2.4 billion (£1.9 billion). This took the total sold off by Bezos over the past nine trading days to around 50 million, with a value of around $8.5 billion. Bezos had said in advance that he intend ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...