logo
Nvidia CEO Loses Stock Kingmaker Status as Touts Fall Flat

Nvidia CEO Loses Stock Kingmaker Status as Touts Fall Flat

Bloomberg18-03-2025

By and Carmen Reinicke
Save
Nvidia Corp. Chief Executive Officer Jensen Huang is losing his midas touch in the stock market.
A year ago, when the euphoria about artificial intelligence was in full force, Huang's name dropping of customers and partners at the chipmaker's GTC conference sparked a rally in a number of the stocks, including Dell Technologies Inc. and Synopsys Inc. But similar mentions in his keynote address on Tuesday were met with shrugs.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nvidia Announces Massive New Initiatives in Pharma And Clinical Research
Nvidia Announces Massive New Initiatives in Pharma And Clinical Research

Forbes

time44 minutes ago

  • Forbes

Nvidia Announces Massive New Initiatives in Pharma And Clinical Research

Nvidia has quickly become a leader in the AI ecosystem. Founder and CEO of Nvidia, Jensen Huang, announced today in his GTC Paris keynote that the company has inked two new large partnerships to advance the company's work in healthcare and life-sciences. The first is with European based global pharmaceutical giant, Novo Nordisk, to advance drug discovery and development efforts by leveraging an existing partnership with the Danish Centre for AI Innovation's (DCAI) Gefion AI supercomputer. Novo Nordisk will utilize Gefion and a variety of Nvidia platforms such as BioNeMo, Nim, and Omniverse to build and develop customized AI models, foster agentic AI workflows and even create simulation and digital twin environments to advance physical AI applications. The primary goal will be to use these tools to better understand potential drug candidates and structures in order to build molecular models that can further the drug discovery and development pipeline. Rory Kelleher, senior director of business development for life sciences at Nvidia, explains that drug discovery can claim massive benefits from generative AI, especially in the R&D space. Mishal Patel, senior vice president of AI and digital innovation at Novo Nordisk, comments that the combination of Gefion and Nvidia's computing platforms is an unprecedented approach and will enable the building of custom models that can truly empower better efficiency and efficacy. More generally, Gefion is a computational behemoth and has been used by numerous enterprises to advance their computing capabilities; for example, Danish startup Teton has been working with Nvidia and Gefion to build out an AI care companion for clinical settings. The second partnership that Nvidia announced today is with IQVIA to advance the use of AI agents in the clinical research and commercialization spaces. The companies will collaborate to launch multiple AI powered agents to accelerate pharmaceutical development workflows for biotech and medical device customers globally. Importantly, the new agents will be 'orchestrator agents,' meaning that they will act as supervisors for groups of 'sub-agents' that each have their own specialties; the supervising agent will route a received task to the appropriate sub-agent, enabling an efficient and automated workflow. Using this technology, IQVIA is hoping to tackle some of the hardest problems in the drug development and pharmaceutical workflows. For example, clinical trials often require a significant amount of work to launch and execute. Agents can help identify targets, develop a knowledge base using existing research databases and even review clinical data to better understand insights and automate the review process. Avinob Roy, vice president and general manager at IQVIA, explains that AI agents will transform the entire 'molecule to market' lifecycle. Overall, the news comes at a time when Nvidia's reach into the AI ecosystem has been incredibly impactful. The company indicated in its latest quarterly report a continuing surge in demand for its GPUs and hardware ecosystem. Though most traditionally a hardware giant, it has also increasingly diversified its work into the cloud and software ecosystems, furthering its moat in the AI space. Undoubtedly, there is stiff competition in the AI race. With regard to hardware alone, technology giants such as Google and Amazon depend heavily on Nvidia for its GPUs; however, the companies are also rapidly developing their own silicon products, such as Google's work with tensor processing units (TPUs) and Amazon's customized silicon products (i.e., Trainium, Graviton and Inferentia). With regard to healthcare and life-sciences more broadly, all of the large technology hyperscalers are investing billions of dollars in these fields. For example, one of the most prominent success stories is Alphabet's Isomorphic Labs and its work with drug development models. Companies like Microsoft are also rolling out new enterprise grade tools and infrastructure capabilities to empower traditional life-science companies. Indeed, the innovation is rapid and unprecedented. Despite the perception of a 'competition' however, there is no need for a clear cut winner. The reality of this progress across the entire spectrum of technology companies is that ultimately, both the healthcare and life-sciences industries stand to gain immense benefits.

Nvidia makes big play for Europe with infrastructure deals
Nvidia makes big play for Europe with infrastructure deals

CNBC

timean hour ago

  • CNBC

Nvidia makes big play for Europe with infrastructure deals

Nvidia on Wednesday announced a slew of partnerships with European countries and companies spanning infrastructure to software as it looks to keep itself at the center of the global artificial intelligence story. Chief Executive Jensen Huang on Wednesday continued his tour of Europe with a keynote at Nvidia's GTC event in Paris, France, where he laid out some key European partnerships. Nvidia has been keen to position itself as an infrastructure company that can help countries and governments build data centers using its graphics processing units to unlock the potential of AI for local economies and populations. As part of that effort, Huang recently carried out a similar whirlwind trip to the Middle East, where Nvidia is planning to sell its latest chips as part of big data center buildouts in Saudi Arabia and the United Arab Emirates. "Every industrial revolution begins with infrastructure. AI is the essential infrastructure of our time, just as electricity and the internet once were," Huang said in a Wednesday press release. "Europe has now awakened to the importance of these AI factories, the importance of this AI infrastructure," Huang said during a separate presentation on Wednesday. AI factories is the term Nvidia uses for massive data centers containing its GPUs. Huang added that AI computing capacity in Europe will grow by a factor of 10 in the next two years. The tech giant seeks to expand its international footprint and embed itself in national level AI infrastructure. That push into new markets is even more critical as U.S. export restrictions on Nvidia's most advanced chips have lost the company revenue in China. Nvidia said it is working with country governments, regional cloud and telecommunications firms and technology centers in Europe. One of the key partnerships announced is between Nvidia and French startup Mistral, which will build an "AI cloud" that will deploy 18,000 Nvidia Grace Blackwell chips. This will allow businesses to develop and use AI through Mistral's models, Nvidia said. Nvidia also announced infrastructure projects in Italy and Armenia. Orange and Telefonica are among the telecommunications companies also working with Nvidia in areas such as deploying AI applications and large language models as part of the newly announced deals. In Germany, Nvidia said it is building what it has dubbed as an "industrial cloud" that will feature 10,000 GPUs and will be specifically designed to provide services for European manufacturers. The big focus from Nvidia in Europe is around so-called "sovereign AI," the idea that data centers and servers that are providing services to users in the European Union, are actually located regionally rather than abroad. Nvidia also announced so-called "tech centers" in Europe, which will focus on advanced research, upskilling workforces and accelerating scientific breakthroughs in countries including the U.K., France, Spain and Germany. Nvidia also expanded a product called DGX Cloud Lepton — something of a marketplace for GPUs — with new cloud providers and integrated it with AI model repository Hugging Face. DGX Cloud Lepton works by allowing developers to access GPUs across the world to run AI applications. While Nvidia is best-known for its hardware — its infamous GPUs — the technology giant has ramped up its focus on its software offering to help keep the company at the center of fast-moving AI development. That software push has continued into Europe. Last year, Nvidia announced a product called Nvidia NIM, which is effectively a pre-packaged AI model that can be quickly deployed and that lets developers build apps on it. Nvidia on Wednesday announced any large language model available on Hugging Face can also be deployed as NIM. Rather than creating their own models, developers can easily access these options via Nvidia's NIM service. Nvidia's strategy is to link its hardware to all of this software, giving it an edge over rivals in a bid to cement its dominance so far in AI.

Nvidia Teams Up With Startup Mistral as Part of European AI Push
Nvidia Teams Up With Startup Mistral as Part of European AI Push

Yahoo

timean hour ago

  • Yahoo

Nvidia Teams Up With Startup Mistral as Part of European AI Push

(Bloomberg) -- Nvidia Corp. announced a raft of projects aimed at bolstering artificial-intelligence infrastructure across Europe, including an expanded partnership with French startup Mistral AI. Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems Chief Executive Officer Jensen Huang made the announcements during a joint Nvidia-VivaTech event in Paris, part of a globe-trotting campaign to promote the adoption of AI and his company's products. A data center buildout is needed in Europe to help countries there catch up in deploying the technology, he said. The chipmaker is trying to expand the market for AI accelerators — the processors used to develop and run artificial intelligence models. Nvidia is pushing for countries to deploy technology on a national level and trying to make it easier for individual companies to get the benefits from AI. In France, Nvidia will team up with Mistral to use local AI computing to run the startup's services. An offering called Mistral Compute will tap 18,000 new Grace Blackwell chips from Nvidia. It will be developed in Mistral's data center in Essonne, France, and the company plans to roll it out to other locations in Europe. In the UK, AI firms Nebius Group and Nscale Global Holdings Ltd. will use 'thousands' of such semiconductors for their own platforms. Other countries, including Italy and Armenia, also are installing new hardware, Nvidia said. In Europe, Nvidia is working with 1.5 million developers and 9,600 businesses, as well as 7,000 startups in what the company calls its inception program. 'The only thing that's missing is infrastructure,' Dion Harris, Nvidia's director of data center and high-performance computing, said in a briefing ahead of the presentations. Nvidia is working with cloud and telecommunications companies across Europe, he said. Europe has lagged behind the US in developing the infrastructure for AI and hasn't matched the spending promised in other regions. Huang said at an event in London on Monday with UK Prime Minister Keir Starmer that a lack of infrastructure was holding back growth in a country that otherwise had the expertise and startups to be a global competitor in AI. Huang said at the GTC-VivaTech event that more than 20 so-called AI factories are being planned and built across Europe in the next two years, with 'several' of them being 'gigafactories.' The larger facilities will be home to over 100,000 chips. It calculates that AI hardware capacity in Europe will grow by three times next year. 'We will increase the amount of AI computing capacity in Europe by a factor of 10,' he said. Santa Clara, California-based Nvidia has transformed its fortunes over the last three years and now gets almost as much revenue per quarter as Intel Corp., its longtime nemesis, gets in a year. Much of that money come from AI accelerator chips, which are used by a cadre of giant companies to develop AI software and services. That group, which includes Microsoft Corp. and Meta Platforms Inc., provides about half of Nvidia's total sales. The chipmaker is looking to reach a wider market by promoting the use of smaller-scale systems by companies and countries. Adding to a previous announcement, Nvidia said Inc.'s AWS, Mistral and others are joining the chipmaker's Lepton service, which helps connect AI developers with the computing hardware they need. Nvidia said that European countries need help to get AI models deployed that are based on local languages and data. It's providing software and services that will accelerate those efforts. Separately, Nvidia said that vehicles using its chips and software are starting to appear on the road — the result of years of work. Mercedes-Benz Group AG's CLA models and forthcoming vehicles from Volvo and Jaguar will rely on its Drive platform. --With assistance from Rachel Metz. New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store