Business
October 25, 2024
2 views 4 mins 0

Nvidia overtakes Apple as world's most valuable company

Nvidia overtakes Apple as world's most valuable company

Nvidia dethroned Apple as the world’s most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips. Nvidia’s stock market value briefly touched $3.53 trillion, while that of Apple was $3.52 trillion, according to data from LSEG.In June, Nvidia briefly became the world’s […]

Technology
October 15, 2024
3 views 7 mins 0

US Weighs Capping Exports of AI Chips From Nvidia and AMD to Some Countries

US Weighs Capping Exports of AI Chips From Nvidia and AMD to Some Countries

Biden administration officials have discussed capping sales of advanced AI chips from Nvidia and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ Artificial Intelligence (AI) capabilities. The new approach would set a ceiling on export licenses for certain countries in the interest of […]