Move over, Microsoft and Apple. The stock market has a new king. On Tuesday, Nvidia leapfrogged two of tech’s most storied names to become the world’s most valuable public company, according to data from S&P Global. Its ascent has been powered by the boom in generative artificial intelligence and surging demand for the company’s chips…
Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. The Justice Department and the Federal Trade Commission struck the deal over…
Nvidia, which makes microchips that power most artificial intelligence applications, began an extraordinary run a year ago. Fueled by an explosion of interest in A.I., the Silicon Valley company said last May that it expected its chip sales to go through the roof. They did — and the fervor didn’t stop, with Nvidia raising its…
Nvidia, the kingpin of chips powering artificial intelligence, on Wednesday released quarterly financial results that again showed torrid growth and said the increases would continue, underlining how it has become one of the world’s most valuable companies. Nvidia is one of the most visible winners of the A.I. boom and one of the tech stocks,…
