NVIDIA

Nvidia’s stock surged after CEO Jensen Huang’s Beijing visit sparked optimism about resuming H20 chip sales to China, adding almost $200 billion to its market cap. AMD also saw gains. The H20 is a modified chip designed to comply with U.S. export rules. Despite Nvidia’s optimism, uncertainties remain due to U.S.-China relations and growing competition from domestic Chinese companies like Huawei, which could impact long-term market share.

Nvidia CEO Jensen Huang emphasized the importance of U.S.-China collaboration for safe and rapid AI advancement at a recent event. He lauded China’s open-source approach as beneficial for global scrutiny and security. Huang highlighted the vastness and dynamism of the Chinese AI market, estimating that China hosts around 50% of the world’s AI researchers, making it crucial for American companies. This was Huang’s third visit to China this year, underscoring Nvidia’s commitment to the region.

Nvidia CEO Jensen Huang visited Beijing for the China International Supply Chain Expo (CISCE), marking his third trip to China this year. He met with CCPIT Chairman Ren Hongbin and is scheduled to give a speech in Mandarin, his first public address in the language. Huang emphasized the importance of global supply chains for AI advancement and highlighted China’s significance for U.S. companies and AI research. His frequent visits demonstrate Nvidia’s commitment to the Chinese market despite geopolitical complexities and signify Nvidia’s strategic focus on the region.

Nvidia’s CEO Jensen Huang disputes an MIT study claiming AI usage reduces cognitive abilities. The study suggests that relying on AI like ChatGPT impairs brain activity and critical thinking. Huang, a daily AI user, argues his cognitive skills are improving. He emphasizes AI as a learning tool that enhances critical thinking by prompting users to ask insightful questions and validate information. He advocates for actively engaging with AI to stimulate thought processes rather than passively accepting outputs. Huang believes the correct AI application can enhance cognitive capabilities.

A photo of NVIDIA’s Jensen Huang and Xiaomi’s Lei Jun has surfaced, sparking speculation about collaboration. NVIDIA offered a vague response about the image, and sources indicate it’s from a private client visit. The photo’s timing is unknown. This emerges before Huang’s expected appearance at the China International Supply Chain Expo. Huang and Lei have a history, dating back to 2013 when Huang promoted NVIDIA’s Tegra chips at a Xiaomi launch event, emphasizing the importance of the Chinese market.

Huawei is expanding into the global AI chip market, targeting the Middle East (UAE, Saudi Arabia) and Southeast Asia (Thailand) with its Ascend 910B chip, challenging NVIDIA. To attract clients, it’s promoting its CloudMatrix 384 super AI server, powered by the Ascend 910C chip. This server integrates 384 Ascend NPUs and 192 Kunpeng CPUs, offering high throughput (2,300 tokens/sec) and massive scalability (up to 160,000 cards). It supports stable, resilient operation. While highlighting its AI cloud services as ideal for large models, Huawei is not exporting the Ascend 910C overseas due to supply constraints, prioritizing Chinese firms impacted by US restrictions. (98 words)

Nvidia reached a $4 trillion market valuation milestone, becoming the first company to achieve this feat as shares closed at $163.90. Its cap now surpasses the combined markets of the UK, France, and Germany, exceeding Microsoft and Apple. This 800% surge since 2021 stems from insatiable AI chip demand from tech giants building data centers, with Wall Street analysts projecting potential for $6 trillion amid eased export concerns.

OpenAI is diversifying its AI infrastructure by utilizing Google’s TPUs alongside NVIDIA GPUs, as part of its drive for computational power, including for ChatGPT. This move, motivated by cost management and infrastructure diversification, could boost the profile of Google’s TPUs as an alternative to NVIDIA’s GPUs. The partnership, however, shows competitive dynamics, with Google limiting access to its most powerful TPUs.

Nvidia’s market cap has reached $3.77 trillion, making it the world’s most valuable company. Loop Capital analyst Ananda Baruah forecasts a $6 trillion market cap, setting a $250 per share price target, driven by the “golden wave” of AI adoption. He projects $2 trillion in spending on AI by 2028, with hyperscale cloud providers shifting to non-CPU computing (50-60% by year-end) and the upcoming Blackwell chip production fueling further growth.

Nvidia briefly surpassed Microsoft as the world’s most valuable company, fueled by a surge in its stock price driven by strong AI demand and a Loop Capital price target increase. Tesla’s AI efforts, including its robotaxi project and Optimus humanoid robot, contributed to its stock gains. While promising, analysts urge caution regarding Tesla’s long-term AI ventures, particularly Optimus, due to uncertainties surrounding its production and market competition.