Latest news with #GB300Blackwell
Yahoo
16-05-2025
- Business
- Yahoo
The Zacks Analyst Blog Highlights Advanced Micro Devices, NVIDIA, Bank of America, Microsoft and Oracle
Chicago, IL – May 16, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Advanced Micro Devices, Inc. AMD, NVIDIA Corp. NVDA, Bank of America Corp. BAC, Microsoft Corp. MSFT and Oracle Corp. ORCL. Advanced Micro Devices, Inc. is ruling the data center sector, and is giving stiff competition to NVIDIA Corp. by acquiring some of its major clients. Now, with AMD inking a deal with Saudi Arabia's Humain, the query arises on AMD's potential to surpass NVIDIA in the long term and its investment appeal. Let's analyze. Several semiconductor companies were wary of moribund economic growth affecting spending on artificial intelligence (AI) hardware. The companies were concerned about the impact of ongoing geopolitical tensions on AI investments. However, the concerns have ebbed since Saudi Arabia and U.S. chip companies signed new deals. AMD announced a $10 billion partnership with Saudi AI firm Humain to expand its AI infrastructure over the next five years, aiming to counter the effects of U.S. export restrictions to China. However, AMD isn't the only one set to benefit from Saudi AI initiatives. NVIDIA, too, has partnered with Humain to sell over 18,000 AI-focused chips, amounting to nearly $700 million. NVIDIA plans to sell its advanced graphics processing units (GPUs) to the Saudi firm soon, and its GB300 Blackwell chips are expected to power a 500-megawatt data center in Saudi Arabia. This has mitigated the Trump administration's ban on NVIDIA selling H20 chips to China. Thus, it's evident that the AI trade has mutually benefited NVIDIA and AMD without a clear winner. According to Bank of America Corp. analyst Vivek Arya, NVIDIA and AMD's strategic partnership with Humain is estimated to be worth $15 billion to $20 billion over the next five years. Sheer dominance in the GPU space has made NVIDIA's products costly, with primarily magnificent-7 companies being its customers. AMD, on the other hand, can compete with NVIDIA on price and cater to customers who can't afford NVIDIA's pricey products. Having said that, large companies are also finding ways to build AI infrastructure cost-effectively. That's why Microsoft Corp. is using AMD's MI300X chips, and Oracle Corp. has signed up for MI355X GPUs, which can pose serious challenges to NVIDIA's next-generation Blackwell chips. While these factors may increase AMD's data center revenue and share price, expecting its stock to outperform NVIDIA is improbable. This is because the increase in AI data center spending will fuel NVIDIA's stock growth. The popularity of the CUDA software platform among developers and the high demand for Blackwell chips are likely to boost NVIDIA's quarterly performance, driving up its share price. This is the reason why brokers have raised NVIDIA's average short-term price target by 27.8% to $166.10 from the previous $129.93. Whereas, brokers have increased AMD's average short-term price target by 13.8% to $128.03 from the previous $112.46 (read more: Which AI Stock, NVIDIA or SoundHound AI, Offers Better Gains?). While AMD may not surpass NVIDIA's shares, it is well-positioned to gain momentum through the Saudi AI deal. AMD also recently announced a $6 billion share repurchase program, indicating management's optimism about the company's future. The share buyback program would reduce outstanding shares and raise the value of the remaining shares, and benefit stakeholders, so they should keep the stock. However, AMD stock is pricey. According to the price/earnings ratio, AMD trades at 28.7X forward earnings. But, the Computer - Integrated Systems industry's forward earnings multiple is 20.9X. Therefore, new entrants should wait for a more affordable price on AMD stock to avoid overspending. For now, AMD stock has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Trump Praises Nvidia CEO Jensen Huang At Saudi Summit: 'Tim Cook Isn't Here, But You Are' Controlling 99% Of The Chip Market: 'That's Not Easy To Beat'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump singled out Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang for praise during a U.S.-Saudi Investment Forum on Tuesday, highlighting the chipmaker's planned $500 billion investment in U.S. artificial intelligence infrastructure. What Happened: 'I see my friend is here, Jensen. [Apple Inc. CEO] Tim Cook isn't here, but you are,' Trump said at the Saudi summit. 'What a job you've done. He's got 99% of the chip market. That's not easy to beat.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Trump's comments came as part of a broader announcement of over $1 trillion in investments flowing into the United States. The president specifically acknowledged Huang's commitment to building AI infrastructure in America over the next four years. 'Thank you for the investment. We are proud to have you in our country,' Trump told Huang, who was present at the forum. The praise follows Nvidia's April announcement of plans to partner with manufacturers including Foxconn, Wistron, TSMC, Amkor, and SPIL to establish production centers in Arizona and Texas. Production of Nvidia's Blackwell chips is already underway at TSMC's Phoenix It Matters: The comments coincide with Nvidia's stock rally, which has driven the company back into the $3 trillion market cap club. Shares surged following Monday's de-escalation in U.S.-China trade tensions and Tuesday's announcement of a deal to supply 18,000 GB300 Blackwell chips to Saudi-based AI startup Humain. Huang, whose net worth stood at approximately $114 billion on Tuesday, has seen his fortune increase 37% since early April lows following the 'Liberation Day' tariffs announcement. The Nvidia investment was mentioned alongside other major U.S. commitments, including Apple Inc.'s (NASDAQ:AAPL) $500 billion investment and Taiwan Semiconductor Manufacturing Company's (NYSE:TSM) $200 billion investment. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest at $0.60/share before it's too late. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo Courtesy: jamesonwu1972 on Send To MSN: Send to MSN This article Trump Praises Nvidia CEO Jensen Huang At Saudi Summit: 'Tim Cook Isn't Here, But You Are' Controlling 99% Of The Chip Market: 'That's Not Easy To Beat' originally appeared on
Yahoo
14-05-2025
- Business
- Yahoo
Two Key Developments Sparked a Rally for Nvidia Stock on Tuesday
Nvidia investors have been concerned about the state of AI adoption. Two announcements over the past 24 hours suggest that the secular tailwinds remain strong. Nvidia stock is still attractively priced. These 10 stocks could mint the next wave of millionaires › Shares of Nvidia (NASDAQ: NVDA) were off to the races on Tuesday, climbing as much as 6.4%. As of 11:35 a.m. ET, the stock was still up 5.6%. The catalyst that sent the artificial intelligence (AI) chipmaker higher was news that the company could gain greater access to two important markets. A story broke late Monday that the Trump administration was considering a deal that would involve a large-scale sale of AI-centric chips to G42, a company located in the United Arab Emirates, according to a report in The New York Times. The deal could send hundreds of thousands of graphics processing units (GPUs) to the Emirati AI specialist and its U.S. partner, OpenAI. Then, less than 24 hours later, Nvidia announced a strategic partnership with Saudi Arabian company Humain to sell more than 18,000 AI-centric chips. These state-of-the-art GB300 Blackwell chips will power a 500-megawatt data center in the Middle Eastern country. These reports come on the heels of the Trump administration's decision to rescind the so-called AI Diffusion Rule, which would have limited the sale of Nvidia's most advanced processors in the region. Investors have been concerned that stricter controls on the sale of GPUs to companies outside the U.S. would hamstring Nvidia, casting doubt on the company's potential for future growth. The willingness of the Trump administration to revise these rules seems like it is opening up new opportunities for Nvidia. And at just 29 times next year's expected earnings, Nvidia stock is attractively priced. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $318,970!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,016!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $598,613!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of May 12, 2025 Danny Vena has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Two Key Developments Sparked a Rally for Nvidia Stock on Tuesday was originally published by The Motley Fool
Time of India
14-05-2025
- Business
- Time of India
Nvidia to send 18,000 AI chips to Saudi Arabia
US chip maker Nvidia will partner with Saudi Arabia's sovereign wealth fund-owned AI startup Humain and will ship 18,000 chips to the Middle Eastern nation to help power a new data center project. The partnership was revealed Tuesday as part of a White House trip to Saudi Arabia, Qatar and the United Arab Emirates. Saudi Arabia has been working to develop its artificial intelligence capacity and strengthen its cloud computing infrastructure with the help of foreign investment. "AI, like electricity and internet, is essential infrastructure for every nation," said Jensen Huang, founder of Nvidia. "Together with Humain, we are building AI infrastructure for the people and companies of Saudi Arabia to realize the bold vision of the Kingdom." The cutting-edge Blackwell chips will be used in a 500 megawatt data center in Saudi Arabia, according to remarks at the Saudi-US Investment Forum in Riyadh on Tuesday. The California company said its first deployment will use its GB300 Blackwell chips, which are among Nvidia's most advanced AI chips at the moment, and which were only officially announced earlier this year.
The Hindu
14-05-2025
- Business
- The Hindu
Microsoft lays off 3% of workforce; Nvidia to sell AI chips to Saudi Arabia; Android unveils design, Gemini updates
Microsoft lays off 3% of workforce Microsoft is laying off 6,000 workers, which is around 3% of its workforce in the biggest job cut announced by the company in more than two years. Most of the affected employees were from Washington, the headquarters of the company with 1,985 workers losing jobs. The Satya Nadella-led company said that although the job cuts will be across teams and globally but they are being done with the goal to reduce the number of managers. The company released their earnings recently showing robust sales and profits that beat market expectations for the quarter. Earlier in January, Microsoft had announced a smaller round of layoffs based on performance. The last round of massive job cuts was in 2023 when the company fired 10,000 workers or almost 5% of its workforce. Company CFO, Amy Hood had said during the earnings call that they were looking to 'increase agility by reducing layers with fewer managers.' The layoffs will also be from the XBox and LinkedIn businesses. The company also has a $80 billion budget for the fiscal year ending June for building AI infrastructure and data centers. Nvidia to sell AI chips to Saudi Arabia AI chipmaker Nvidia will be shipping 18,000 chips to Saudi Arabia after announcing a partnership with a sovereign wealth fund-owned AI startup Humain. The news sent Nvidia shares soaring with CEO Jensen Huang's net worth touching around $120 billion. The deal is one of the many partnerships that have been announced as U.S. President Donald Trump is on a tour to Saudi Arabia, Qatar and UAE. Nvidia's advanced Blackwell AI chips will be used will be used in a 500-megawatt data centre there, the Saudi Arabia-U.S. Investment Forum in Riyadh said. Nvidia said that the first set of chips deployed will be the GB300 Blackwell chips, which were announced earlier this year. Qualcomm also signed a deal with Humain to build a data centre central processor (CPU). AMD is also among the chipmakers that have signed an agreement with Humain. The Lisa Su-led company plans to invest up to $10 billion to deploy 500 megawatts of AI hardware infrastructure over five years. Additionally, Saudi Arabian firm DataVolt will be investing $20 billion in AI data centres in the U.S. Android unveils design, Gemini updates Android has announced a host of updates to its design and new features for better user experience, personalisation and efficiency across platforms, along with more integrations with Gemini. Users will have new colour themes, more responsive interface components and emphasised typography not just on Android smartphones and tablets but also on Wear OS. The upgraded home screen is more organised has quick settings for tailored access and more efficient software updates without lesser battery life. There will also be 'glanceable live updates' so users can track orders easily and get real-time information directly. Google's AI model Gemini will also be a core part of Android now with Gemini Live and more integrations with camera and screen sharing. Gemini will also bring its conversational AI feature to smartwatches, Google TV, Android Auto and Android XR platforms making actions more intuitive.
