US EditionNvidia revenue jumped 56 percent last year, beats Wall Street expectations
- China's chipmakers aim to triple AI chip production by 2026 to reduce reliance on Nvidia, as reported by the Financial Times.
- Huawei plans to produce AI chips with new plants set to open by 2026, according to people familiar with the matter.
- Chinese authorities expressed concerns over Nvidia's chips, with accusations of security risks, despite Nvidia's denials, as noted by the Cyberspace Administration of China.
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US shares edge up as Nvidia profit meets expectations
US shares traded modestly higher ahead of Nvidia's profit results, but the chipmaker slipped in after-hours trade despite meeting expectations. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
·Australia
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Nvidia, the world’s largest company for stock capitalization (its shares in the Nasdaq closed tonight with a value of more than 4.4 trillion, 1.1 billion more than just three months ago) resists all setbacks. Neither the alleged puncture of the bubble created around artificial intelligence, nor Trump’s (later withdrawn) ban on selling his AI chips in China (so he had to provide 5.
·Spain
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Total News Sources80
Leaning Left14Leaning Right6Center26Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 30%
C 57%
13%
Factuality
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