Nvidia stock tumbles as investors worry about intensifying competition from Google and Amazon’s in-house AI chip development, challenging the $4.9 trillion chip giant’s dominance.
Alphabet’s stock has surged 140% over the past year, pushing its market cap above $4.6 trillion — just ~4% away from surpassing Nvidia. Options markets assign a 53% chance it happens by May 15.
Nvidia’s venture arm NVentures has invested in Swedish AI legal tech startup Legora, valuing the company at $5.6 billion — marking the chip giant’s first major move into the legal AI sector.
Nvidia announces a new memory solution aimed at addressing the GPU VRAM shortage plaguing the AI industry, hailed as a significant step toward resolving the ‘RAM Apocalypse.’
Nvidia shares hit a record close, pushing the company’s market capitalization above $5 trillion once again, driven by relentless demand for AI chips.