What Is Nvidia's New $1 Trillion Superproject?

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

From Nvidia's Stock Split, Intel's Revitalized AI Strategy To Tesla's Chip Saga: This Week In The World Of AI

Benzinga Neuro
June 09, 2024

As we wrap up another eventful week in the tech world, we’ve seen some major developments from industry giants. From Nvidia Corp.’s (NASDAQ:NVDA) stock split announcement to Intel Corp.’s (NASDAQ:INTC) AI-focused strategy, the week was buzzing with news. Here’s a quick recap of the top stories.

NVIDIA Announces Stock Split

In a move to make shares more accessible, NVIDIA announced a 10-for-1 stock split on Friday. The semiconductor giant revealed this decision during its recent quarterly earnings report. The split-adjusted trading will commence on Monday, June 10.’

Read the full article here.

Intel Steps Up AI Game

Intel has unveiled its new Lunar Lake chips with enhanced AI processors at the ongoing Computex technology trade show. These chips are aimed at Copilot+ AI PCs and data center chips, positioning Intel to compete with Advanced Micro Devices (NASDAQ:AMD). The Lunar Lake series is set to launch later this year.

Read the full article here.

See Also: Exclusive: Apple Supplier Behind Supercomputer Donated To OpenAI Predicts AI Server Sales Tripling To $31B

Foxconn Predicts AI Server Sales Surge

Apple Inc. supplier Hon Hai Technology Group (OTC:HNHPF), operating as Foxconn, is expecting a significant surge in AI server revenue in the next year. This prediction comes amid Nvidia CEO Jensen Huang’s forecast that data center spending will double to $2 trillion by 2029.

Read the full article here.

Nvidia CEO Mesmerizes at Computex

Nvidia’s Huang delivered a captivating keynote address at the Computex 2024 pre-event. He credited Nvidia’s partners and highlighted the company’s focus on computer graphics, simulations, and artificial intelligence.

Read the full article here.

Musk Explains Nvidia Chip Diversion

Tesla Inc. CEO Elon Musk responded to a report about him redirecting thousands of NVIDIA chips, initially reserved for Tesla, to X and xAI. Musk explained that Tesla had no facilities to activate the chips, and they would have otherwise sat idle in a warehouse.

Read the full article here.

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Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Rounak Jain

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