Nvidia

The S&P 500 index reached an all-time high on June 2, driven by a surge in AI chip stocks led by Nvidia. Despite geopolitical tensions and elevated energy prices from Middle East conflicts, the tech sector’s strength propelled the broader market higher. CNBC live coverage showed Nvidia leading chip stocks significantly higher. Analysts note that massive AI infrastructure spending by tech giants continues to fuel semiconductor demand, keeping investor optimism intact. The rally suggests strong confidence in AI commercialization, though some warn that risk factors including energy costs may be underpriced in the current market. ...

Nvidia’s earnings beat and strong outlook boosted Bitcoin mining stocks amid the AI boom. An increasing number of miners are expanding into AI computing, leveraging their large-scale GPU infrastructure to provide AI inference and training services. The market views this transformation as enhancing miners’ earnings diversification and reducing reliance on Bitcoin price volatility. Source: CoinDesk

Nvidia CEO Jensen Huang joins Trump’s China delegation, highlighting semiconductors as central to US-China relations.

[Brief] Wall Street firm Bernstein set a $100 price target for AI compute company IREN, citing its $3.4 billion NVIDIA AI chip procurement deal as a key catalyst. IREN is pivoting from Bitcoin mining to AI infrastructure, and the target sits well above current trading levels, reflecting sustained optimism about the AI compute sector. Source: The Block

Nvidia’s Major Fiber Investment Signals AI Infrastructure Boom Nvidia announced a $500 million investment in Corning to expand fiber optic manufacturing capacity, reflecting the massive demand for high-speed optical interconnect infrastructure driven by AI data center construction. Corning, a global leader in fiber optics and specialty glass manufacturing, plays a critical role in AI clusters. As demand for large model training and inference surges, fiber connection density within data centers is growing exponentially. ...

AI chip manufacturer Cerebras Systems has filed for an IPO seeking to raise up to $3.5 billion at a valuation of $26.6 billion, emerging as one of Nvidia’s most formidable competitors in the AI chip space.

Nvidia CEO Jensen Huang criticizes tech leaders for exaggerating AI doomsday risks, saying a ‘God complex’ is causing unnecessary talent drain in the industry.

The US Department of Defense has reached agreements with seven leading AI companies to deploy their systems on classified military networks, with Anthropic excluded after talks broke down.

Driven by sustained AI investment enthusiasm, the S&P 500 and Nasdaq both hit all-time highs, with Nvidia’s market cap breaking above $5 trillion once again and Apple shares surging.

The US Department of Defense announced it will transform the military into an ‘AI-first’ fighting force, signing eight new contracts with major tech companies to expand AI capabilities.