Latest news with #Maia
Time of India
2 days ago
- Business
- Time of India
Forget Nvidia's $4 trillion valuation! This tech company is set to cross $4.5 trillion market cap, thanks to its big AI bets
Nvidia has become the first company to cross the $4 trillion. But, there's another technology company that may hit $4.5 trillion! (AI image) Nvidia has seen a meteoric rise - becoming the first company in the world to have a market capitalization of over $4 trillion. In fact there are only five economies in the world that have a GDP of over $4 trillion as per IMF's 2025 projections. But even though Nvidia has become the first company to cross the $4 trillion capitalization mark, there's another technology company that may hit $4.5 trillion! According to Oppenheimer analysts quoted in a Motley Fool report, another AI giant is poised to join Nvidia in the $4 trillion valuation category and potentially reach $4.5 trillion within the next year. Currently, this particular stock presents a more favourable investment opportunity compared to Nvidia, the Oppenheimer analysts believe Nvidia's Rise: Is The Market Dominance Sustainable? Nvidia stands out as a big success story - its valuation has seen an over 10 times rise in the last three years. This remarkable growth stems from substantial investments in artificial intelligence (AI) infrastructure, where Nvidia's graphics processing units (GPUs) serve as essential components. However, Nvidia's leading position in the AI chip sector encounters challenges. Other GPU manufacturers are improving their price-performance ratios, whilst Nvidia's major hyperscale clients are increasingly utilising their own custom silicon designs for generative artificial intelligence (AI) applications. This could possibly impact the company's growth outlook. Nvidia is an AI chip industry leader, particularly in training hardware. Its superiority comes from advanced tech capabilities and its exclusive CUDA software platform. This creates big barriers for competitors to surmount in the semiconductor market, the Motley Fool report says. However, major clients such as Meta Platforms and Microsoft are actively seeking to reduce their dependence on Nvidia's AI training hardware, the report said. Meta is expanding its Meta Training and Inference Accelerator system across various generative AI applications. Their new chip aims to replace Nvidia processors in AI training for the Llama foundation model, whilst they already utilise their custom chips for certain AI inference operations. Microsoft harbors similar objectives with its Maia chips, although they have delayed their next-generation AI training chip launch to 2026, rather than releasing it this year. Such delays have previously affected other large-scale computing companies, including Meta, resulting in substantial Nvidia orders. Nevertheless, as these technology giants enhance their chip design capabilities, they could potentially reduce their reliance on Nvidia's processors substantially over time. Nvidia maintains a strong market position, particularly following the US government's decision to lift restrictions on H20 chip sales in China. The company is poised to see a robust earnings growth throughout the year, driven by Chinese market access and hyperscaler demand. However, what is noteworthy is that Nvidia's shares command a significant premium, trading at nearly 40 times projected earnings, the report noted. Given this elevated valuation and potential long-term challenges, the stock's growth rate might lag behind other major artificial intelligence enterprises. Which Company can Hit $4.5 Trillion Market Cap? Currently, only a select few organisations rival Nvidia's market presence. Among the exclusive group of companies valued above $1 trillion, merely three have achieved valuations exceeding $3 trillion, with Nvidia being one of them. Microsoft, valued at approximately $3.8 trillion presently, stands closest to Nvidia. Oppenheimer analysts project Microsoft could reach the $4 trillion milestone shortly. Their analysis sets a $600 price target for Microsoft shares, suggesting a potential market valuation of $4.5 trillion, representing a 19% increase from its value as of July 15. Oppenheimer's optimistic outlook comes from many factors: There is expectation of higher revenue growth from Microsoft's Azure cloud computing service. Azure has actually emerged as Microsoft's main growth driver. This is due to increasing computational requirements for AI development. Additionally, Microsoft's investment in OpenAI not only implies a significant Azure customer but also provides essential resources for the broader AI development community. The surge in demand has been remarkable. Despite Microsoft's substantial investment of $80 billion in capital expenditures, primarily directed towards data centre construction and equipment, the company reports that demand still exceeds supply. Nevertheless, Azure maintains its position as the fastest-growing platform amongst the three major public cloud services. Analysts' optimistic outlook on Microsoft stems largely from the prospects of Copilot Studio. Whilst they acknowledge modest interest in Microsoft 365's native AI assistant Copilot, they anticipate stronger performance from the customisable AI assistant platform, Copilot Studio. This development allows Microsoft to implement higher pricing for its enterprise software package whilst maintaining customer loyalty. The higher revenue can in turn be reinvested in Azure and share buyback programmes. This would potentially boost earnings per share via improved profits distributed across a lower share count. Microsoft shares currently trade at approximately 33 times forward earnings, reflecting a relatively high valuation. However, this multiple appears justified for a company that maintains leadership positions in both cloud computing and enterprise software sectors of the AI industry. Following news about potential reversal of US restrictions on chip exports to China, Oppenheimer analysts revised their Nvidia price target to $200 per share, suggesting a market capitalisation of $4.9 trillion. However, at current prices, Microsoft presents a more appealing investment opportunity, the report said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Advertiser
11-07-2025
- Sport
- The Advertiser
'Epitome of courage' - How Foran fought on for 17 years
Kieran Foran has detailed how he defied a broken body and the logic of retirement for years before finally deciding this will be his last season in the NRL. One of rugby league's great survivors, Foran confirmed on Friday he will retire at the end of the season - his 17th - set to finish with close to 315 games to his name. The Gold Coast playmaker will move into a mentoring role with the Titans, while also likely juggling media commitments as part of life after football. Foran's career is one of two halves, after scoring with one of his first touches on debut in 2009 for Manly and winning a premiership two years later. He was one of the best young talents in the game, a tough and hard-running five-eighth who regularly took on the line and defended with little regard for his body. But when he left Manly on a mega four-year deal with Parramatta in 2016, Foran's career and world changed. He battled highly-publicised personal demons, has since opened up about self harm and battled injury after injury that threatened to force him into a medical retirement. Between 2016 and 2020, Foran managed only 66 games across fives season at the Eels, Warriors and Canterbury. Foran, who will turn 35 on Sunday, has previously spoken of privately questioning if he could play on, before a career lifeline arrived from Des Hasler back at Manly in 2021. Five seasons later, he will now finish his career on his own terms. "Over the course of time, there were certain moments of doubt and times where I wasn't sure whether I could keep going or should keep going," Foran said on Friday. "But that inner belief always overrode those doubts. "There's always been an internal belief that I wasn't quite finished and quite done, despite a number of setbacks and surgeries. "I never felt that I'd reached my potential, even all those years ago when I did look like a broken body and a broken soul, I still believed that there was a lot more left." Given the setbacks, it defies logic that Foran will finish his career as the NRL's longest-serving current player. He is also one of 55 members of the 300-game club, and played 31 Tests for New Zealand with wins in the 2014 Four Nations and 2023 Pacific Championship. "I borrowed a phrase from the Maori language ... Te Maia," Hasler said as he sat alongside Foran on Friday. "When translated it means to stand with courage. And doesn't that truly epitomise the man? "To stand with courage both in football and dealing with events in his life off-field. "To stand with courage also means you face consequences. I really think that epitomises him." Foran's relationship with Hasler cannot be understated. The veteran coach gave him his debut him at Manly, signed him to the Bulldogs and offered him the 2021 lifeline at the Sea Eagles. The pair were then reunited on the Gold Coast when Hasler arrived there last year. There is also the potential they could go out together, with questions swirling around Hasler's future. "I came out of high school at 18 and ... I just I held on to every word Dessy said and I still do," Foran said. "I've never seen someone have a desire like Des. Des has a work ethic and and all these incredible traits that I wanted to have myself. "I just felt he really moulded and shaped my game in those early years. I just felt like I owed it to him because of how much he wanted it." Lifeline 13 11 14 beyondblue 1300 22 4636 Kieran Foran has detailed how he defied a broken body and the logic of retirement for years before finally deciding this will be his last season in the NRL. One of rugby league's great survivors, Foran confirmed on Friday he will retire at the end of the season - his 17th - set to finish with close to 315 games to his name. The Gold Coast playmaker will move into a mentoring role with the Titans, while also likely juggling media commitments as part of life after football. Foran's career is one of two halves, after scoring with one of his first touches on debut in 2009 for Manly and winning a premiership two years later. He was one of the best young talents in the game, a tough and hard-running five-eighth who regularly took on the line and defended with little regard for his body. But when he left Manly on a mega four-year deal with Parramatta in 2016, Foran's career and world changed. He battled highly-publicised personal demons, has since opened up about self harm and battled injury after injury that threatened to force him into a medical retirement. Between 2016 and 2020, Foran managed only 66 games across fives season at the Eels, Warriors and Canterbury. Foran, who will turn 35 on Sunday, has previously spoken of privately questioning if he could play on, before a career lifeline arrived from Des Hasler back at Manly in 2021. Five seasons later, he will now finish his career on his own terms. "Over the course of time, there were certain moments of doubt and times where I wasn't sure whether I could keep going or should keep going," Foran said on Friday. "But that inner belief always overrode those doubts. "There's always been an internal belief that I wasn't quite finished and quite done, despite a number of setbacks and surgeries. "I never felt that I'd reached my potential, even all those years ago when I did look like a broken body and a broken soul, I still believed that there was a lot more left." Given the setbacks, it defies logic that Foran will finish his career as the NRL's longest-serving current player. He is also one of 55 members of the 300-game club, and played 31 Tests for New Zealand with wins in the 2014 Four Nations and 2023 Pacific Championship. "I borrowed a phrase from the Maori language ... Te Maia," Hasler said as he sat alongside Foran on Friday. "When translated it means to stand with courage. And doesn't that truly epitomise the man? "To stand with courage both in football and dealing with events in his life off-field. "To stand with courage also means you face consequences. I really think that epitomises him." Foran's relationship with Hasler cannot be understated. The veteran coach gave him his debut him at Manly, signed him to the Bulldogs and offered him the 2021 lifeline at the Sea Eagles. The pair were then reunited on the Gold Coast when Hasler arrived there last year. There is also the potential they could go out together, with questions swirling around Hasler's future. "I came out of high school at 18 and ... I just I held on to every word Dessy said and I still do," Foran said. "I've never seen someone have a desire like Des. Des has a work ethic and and all these incredible traits that I wanted to have myself. "I just felt he really moulded and shaped my game in those early years. I just felt like I owed it to him because of how much he wanted it." Lifeline 13 11 14 beyondblue 1300 22 4636 Kieran Foran has detailed how he defied a broken body and the logic of retirement for years before finally deciding this will be his last season in the NRL. One of rugby league's great survivors, Foran confirmed on Friday he will retire at the end of the season - his 17th - set to finish with close to 315 games to his name. The Gold Coast playmaker will move into a mentoring role with the Titans, while also likely juggling media commitments as part of life after football. Foran's career is one of two halves, after scoring with one of his first touches on debut in 2009 for Manly and winning a premiership two years later. He was one of the best young talents in the game, a tough and hard-running five-eighth who regularly took on the line and defended with little regard for his body. But when he left Manly on a mega four-year deal with Parramatta in 2016, Foran's career and world changed. He battled highly-publicised personal demons, has since opened up about self harm and battled injury after injury that threatened to force him into a medical retirement. Between 2016 and 2020, Foran managed only 66 games across fives season at the Eels, Warriors and Canterbury. Foran, who will turn 35 on Sunday, has previously spoken of privately questioning if he could play on, before a career lifeline arrived from Des Hasler back at Manly in 2021. Five seasons later, he will now finish his career on his own terms. "Over the course of time, there were certain moments of doubt and times where I wasn't sure whether I could keep going or should keep going," Foran said on Friday. "But that inner belief always overrode those doubts. "There's always been an internal belief that I wasn't quite finished and quite done, despite a number of setbacks and surgeries. "I never felt that I'd reached my potential, even all those years ago when I did look like a broken body and a broken soul, I still believed that there was a lot more left." Given the setbacks, it defies logic that Foran will finish his career as the NRL's longest-serving current player. He is also one of 55 members of the 300-game club, and played 31 Tests for New Zealand with wins in the 2014 Four Nations and 2023 Pacific Championship. "I borrowed a phrase from the Maori language ... Te Maia," Hasler said as he sat alongside Foran on Friday. "When translated it means to stand with courage. And doesn't that truly epitomise the man? "To stand with courage both in football and dealing with events in his life off-field. "To stand with courage also means you face consequences. I really think that epitomises him." Foran's relationship with Hasler cannot be understated. The veteran coach gave him his debut him at Manly, signed him to the Bulldogs and offered him the 2021 lifeline at the Sea Eagles. The pair were then reunited on the Gold Coast when Hasler arrived there last year. There is also the potential they could go out together, with questions swirling around Hasler's future. "I came out of high school at 18 and ... I just I held on to every word Dessy said and I still do," Foran said. "I've never seen someone have a desire like Des. Des has a work ethic and and all these incredible traits that I wanted to have myself. "I just felt he really moulded and shaped my game in those early years. I just felt like I owed it to him because of how much he wanted it." Lifeline 13 11 14 beyondblue 1300 22 4636
CNBC
09-07-2025
- Business
- CNBC
Amazon Web Services is building equipment to cool Nvidia GPUs as AI boom accelerates
Amazon said Wednesday that its cloud division has developed hardware to cool down next-generation Nvidia graphics processing units that are used for artificial intelligence workloads. Nvidia's GPUs, which have powered the generative AI boom, require massive amounts of energy. That means companies using the processors need additional equipment to cool them down. Amazon considered erecting data centers that could accommodate widespread liquid cooling to make the most of these power-hungry Nvidia GPUs. But that process would have taken too long, and commercially available equipment wouldn't have worked, Dave Brown, vice president of compute and machine learning services at Amazon Web Services, said in a video posted to YouTube. "They would take up too much data center floor space or increase water usage substantially," Brown said. "And while some of these solutions could work for lower volumes at other providers, they simply wouldn't be enough liquid-cooling capacity to support our scale." Rather, Amazon engineers conceived of the In-Row Heat Exchanger, or IRHX, that can be plugged into existing and new data centers. More traditional air cooling was sufficient for previous generations of Nvidia chips. Customers can now access the AWS service as computing instances that go by the name P6e, Brown wrote in a blog post. The new systems accompany Nvidia's design for dense computing power. Nvidia's GB200 NVL72 packs a single rack with 72 Nvidia Blackwell GPUs that are wired together to train and run large AI models. Computing clusters based on Nvidia's GB200 NVL72 have previously been available through Microsoft or CoreWeave. AWS is the world's largest supplier of cloud infrastructure. Amazon has rolled out its own infrastructure hardware in the past. The company has custom chips for general-purpose computing and for AI, and designed its own storage servers and networking routers. In running homegrown hardware, Amazon depends less on third-party suppliers, which can benefit the company's bottom line. In the first quarter, AWS delivered the widest operating margin since at least 2014, and the unit is responsible for most of Amazon's net income. Microsoft, the second largest cloud provider, has followed Amazon's lead and made strides in chip development. In 2023, the company designed its own systems called Sidekicks to cool the Maia AI chips it developed.
Hans India
28-06-2025
- Business
- Hans India
Microsoft's AI Chip ‘Braga' Delayed to 2026, Expected to Trail Nvidia's Blackwell: Report
Microsoft's ambitious plans to mass-produce its next-generation AI chip, code-named Braga, have reportedly hit a significant delay, with production now expected in 2026 instead of this year. This development, as reported by The Information on Friday, has been attributed to unexpected design revisions, staffing issues, and a high rate of employee turnover within the project team. Initially slated to power Microsoft's data centers by the end of 2025, the Braga chip is the successor to the Maia AI chip, which was introduced in November 2023. According to the report citing three individuals directly involved in the project, the Braga chip is not only delayed but is also expected to significantly underperform when compared to Nvidia's Blackwell chip, which launched in late 2024 and is currently leading the market in AI chip performance. The delay marks a setback in Microsoft's broader strategy to reduce its dependency on Nvidia's GPUs—currently the dominant force in AI hardware—and establish itself as a serious contender in the custom chip space. Microsoft has not issued an official comment in response to the report, as noted by Reuters. The push for custom chips has become a defining trend among major cloud providers. Like its tech rivals Amazon and Alphabet (Google), Microsoft has invested heavily in in-house silicon to support the exponential growth in demand for AI computing. These custom processors are not only crucial for boosting performance but also for managing rising operational costs in AI workloads. Despite introducing the Maia chip in late 2023, Microsoft has struggled to scale production in line with competitors. Google's Tensor Processing Units (TPUs), for example, have been pivotal in powering many of its AI services. The search giant recently launched its seventh-generation TPU in April 2025, with notable performance upgrades designed to accelerate large-scale AI applications. Meanwhile, Amazon continues to make strides with its Trainium chip line. In December 2024, the company unveiled Trainium3, its next-gen AI processor, scheduled for release later this year, promising improved training speeds and energy efficiency. Microsoft's delay could give both Amazon and Google further time to cement their positions in the AI chip arena. Moreover, the setback may compel Microsoft to lean more on third-party chipmakers like Nvidia and possibly consider interim solutions to meet its data center demands. In a related development, OpenAI—the AI research lab heavily backed by Microsoft—was recently reported to be testing Google's AI chips to power some of its products. This move hints at the broader industry reality: even AI leaders may be forced to look beyond their preferred partnerships when custom solutions lag in readiness. As the race for AI supremacy intensifies, delays like Braga's could have far-reaching consequences—not just for Microsoft, but for the entire ecosystem of AI infrastructure.
The Hindu
28-06-2025
- Business
- The Hindu
Microsoft's next-gen AI chip production delayed to 2026: Report
Microsoft's next-generation Maia AI chip is facing a delay of at least six months, pushing its mass production to 2026 from 2025, The Information reported on Friday, citing three people involved in the effort. When the chip, code-named Braga, goes into production, it is expected to fall well short of the performance of Nvidia's Blackwell chip that was released late last year, the report said. Microsoft had hoped to use the Braga chip in its data centers this year, the report said, adding that unanticipated changes to its design, staffing constraints and high turnover were contributing to the delay. Microsoft did not immediately respond to a Reuters request for comment. Like its Big Tech peers, Microsoft has focused heavily on developing custom processors for artificial intelligence operations and general purpose applications, a move that would help reduce the tech giant's reliance on pricey Nvidia chips. Cloud rivals Amazon and Alphabet's Google have both raced to develop chips in-house, customized for their specific needs with the goal of improving performance and reducing costs. Microsoft had introduced the Maia chip in November 2023, but has lagged its peers in ramping it up to scale. Google, meanwhile, has seen success with its custom AI chips - called Tensor Processing Units - and in April unveiled its seventh-generation AI chip designed to speed the performance of AI applications. Amazon in December also unveiled its next-generation AI chip Trainium3 that is set to be released late this year.
