Senator Warren said the reversal of the earlier ban is “true to form” for the Trump administration, citing Nvidia CEO Jensen Huang’s dinner at Mar-a-Lago in April that reportedly cost $1 million per head.
The Nasdaq 100 surged to fresh record highs on Tuesday, breaking above the 23,000 mark as Nvidia Corp. (NASDAQ:NVDA) and other chipmakers powered a sharp rally.
According to a Bloomberg report, the U.S. Department of Commerce has indicated that license requests related to AMD’s MI308 product line will proceed to the next stage of review.
Jensen Huang sold $36.4 million worth of Nvidia stock over three days starting July 8, just ahead of the company briefly surpassing a $4 trillion market valuation for the first time.
Hunterbrook Media cited UBS saying that if Amazon automates up to 80% of the 14 billion items it handles annually with its new robot, it could generate an estimated $400 million in revenue for Teradyne.
Amazon Web Services’ new In-Row Heat Exchanger (IRHX) allows it to accommodate Nvidia’s heat-intensive GPU racks without requiring major data center renovations. The project moved from concept to production within just 11 months.
Wedbush’s Danile Ives expects the company to hit the next milestone of $5 trillion over the next 18 months, given his view that the current tech bull market is still early, being led by the AI Revolution.
The report stated that construction continues in Yiwu County, a region on the edge of the Gobi Desert in Xinjiang, which has access to both a vast supply of renewable energy and coal.
The layoffs marked the first of the job cuts Intel has planned for the year as it seeks to streamline operations and improve efficiency amid ongoing struggles with strategic missteps.
