Latest news with #Nvidia-powered
Economic Times
4 days ago
- Business
- Economic Times
Core Scientific's shareholders balk at terms of CoreWeave merger offer: FT
CoreWeave's proposed $9 billion acquisition of data centre landlord Core Scientific is facing potential revolt, as some top shareholders of the target firm argue the deal may leave them short-changed, the Financial Times reported. Some major Core Scientific shareholders plan to vote against the deal unless the terms are revised in the coming weeks, the report said on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. CoreWeave and Core Scientific did not immediately respond to Reuters request for a comment outside regular business hours. The shareholder vote for Core Scientific has not yet been scheduled but is expected to take place sometime this autumn, the report said. The all-stock deal, valued at about $9 billion and announced last month, highlights the race among AI infrastructure firms to secure the energy and data center capacity required to meet surging demand. CoreWeave, which provides access to data centers and Nvidia-powered AI chips, initially submitted an unsolicited, non-binding takeover offer to Core Scientific in June 2024. However, the company rejected the offer, citing that its business was significantly undervalued.
Time of India
4 days ago
- Business
- Time of India
Core Scientific's shareholders balk at terms of CoreWeave merger offer: FT
Academy Empower your mind, elevate your skills CoreWeave's proposed $9 billion acquisition of data centre landlord Core Scientific is facing potential revolt, as some top shareholders of the target firm argue the deal may leave them short-changed, the Financial Times major Core Scientific shareholders plan to vote against the deal unless the terms are revised in the coming weeks, the report said on Tuesday, citing people familiar with the could not immediately verify the report. CoreWeave and Core Scientific did not immediately respond to Reuters request for a comment outside regular business shareholder vote for Core Scientific has not yet been scheduled but is expected to take place sometime this autumn, the report all-stock deal, valued at about $9 billion and announced last month, highlights the race among AI infrastructure firms to secure the energy and data center capacity required to meet surging which provides access to data centers and Nvidia-powered AI chips , initially submitted an unsolicited, non-binding takeover offer to Core Scientific in June 2024. However, the company rejected the offer, citing that its business was significantly undervalued.
Yahoo
24-07-2025
- Business
- Yahoo
Nvidia avoids White House crackdown; Trump softens on AI giant
Nvidia avoids White House crackdown; Trump softens on AI giant originally appeared on TheStreet. Nvidia's () rise from a gaming pure-play to an AI kingmaker has been nothing short of amazing. With cloud czars zooming to build the future with Nvidia chips at the heart of it, the company has become the cornerstone of a niche few even saw coming. 💵💰💰💵 Its recent $4 trillion milestone wasn't just a headline; it was a statement. However, staying on top in AI is far from easy. Also, just as some thought the company may hit a massive speed bump, a quiet shift in Washington changed the game again. Nvidia's trillion-dollar AI engine keeps roaring It's hard to believe at this point that Nvidia used to be known for its gaming GPUs. Under CEO Jensen Huang, the chipmaker mounted a sharp pivot to AI and hasn't looked back ever robust H100 and H200 Tensor Core GPUs are powering the global AI boom, crunching workloads for everyone from OpenAI to Google. The result is that Nvidia's quarterly top-line numbers have tripled, from $16 billion in fiscal 2020 to over $40 billion in early 2025. That momentum has also pushed the stock to meteoric heights, culminating on July 9 when it briefly became the first $4 trillion company. The key to Nvidia's climb has been Big Tech Giant companies like Google pledged a whopping $85 billion in AI infrastructure spending. Amazon and Microsoft are also developing Nvidia-powered AI into their cloud backbones. That kind of growth gives Nvidia the impetus to continue growing its reach, along with serious pricing power. Now the White House isn't backing off either in its support. Trump's late-July AI action plan effectively rolled back export restrictions on Nvidia's H200 chips while loosening permitting rules for AI data centers. Huang called it a 'critical tailwind' for keeping America's AI edge. Wall Street takes notice, sends Nvidia stock price surging The consensus of 38 Wall Street analysts is that Nvidia's stock price will hit $182.49 over the next year, with bullish targets as high as $250. If that plays out, Nvidia's valuation could soar to $6 trillion, effectively doubling from here. It's not hard to see why, either. Nvidia's unmatched combo of hardware dominance, full-stack software, and deep developer lock-in gives it a near-monopoly on AI's most valuable layer. More Tech Stock News: Top economist drops 6-word verdict on Trump tariffs, inflation Amazon's quiet pricing twist on tariffs stuns shoppers Microsoft software flaw leads to shock nuclear cyber breach Rivals are trying to catch up, but at this point, Nvidia isn't just the chip leader; it's the AI infrastructure king. Donald Trump considered breaking up Nvidia, then backed off President Donald Trump made waves at an AI summit in Washington yesterday, admitting he once thought of breaking things up at Nvidia to potentially level the playing field in the AI chip market. 'I said, 'Look, we'll break this guy up,''Trump told the crowd, before confessing that he was quickly told to pump the brakes on that idea". I found out it's not easy in that business.' The comment drew laughs, but also raised some concerns across Silicon Valley and Wall Street. Trump didn't stop there. He praised Nvidia CEO Jensen Huang, who was in attendance, calling his leadership 'a job well done'. Huang, in turn, hailed Trump as 'America's unique advantage,' in a moment of public flattery. This comes at a time when the Department of Justice is conducting a lingering antitrust probe into Nvidia, which opened last year. Though we haven't seen much action on that front, Trump's comment showed how close the chip giant was to facing serious trouble from the top. It wasn't all tension, though. Trump used the event as a stepping stone to roll out his 'AI Action Plan,' a pro-industry framework that looked to remove regulatory friction for developers and manufacturers. That easing tone could explain why Nvidia shares held steady after the event, even as competitors braced for greater scrutiny. Meanwhile, Nvidia supplier SK Hynix just posted a record $6.7 billion profit for Q2, announcing plans to take it up a notch with its AI chip investments. This follows a trend where we're seeing customers rushing to stockpile ahead of possible new U.S. tariffs. The company says HBM chip demand, and deals with major clients like Nvidia, have held up remarkably well despite the avoids White House crackdown; Trump softens on AI giant first appeared on TheStreet on Jul 24, 2025 This story was originally reported by TheStreet on Jul 24, 2025, where it first appeared. 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
24-07-2025
- Business
- Yahoo
Nvidia avoids White House crackdown; Trump softens on AI giant
Nvidia avoids White House crackdown; Trump softens on AI giant originally appeared on TheStreet. Nvidia's () rise from a gaming pure-play to an AI kingmaker has been nothing short of amazing. With cloud czars zooming to build the future with Nvidia chips at the heart of it, the company has become the cornerstone of a niche few even saw coming. 💵💰💰💵 Its recent $4 trillion milestone wasn't just a headline; it was a statement. However, staying on top in AI is far from easy. Also, just as some thought the company may hit a massive speed bump, a quiet shift in Washington changed the game again. Nvidia's trillion-dollar AI engine keeps roaring It's hard to believe at this point that Nvidia used to be known for its gaming GPUs. Under CEO Jensen Huang, the chipmaker mounted a sharp pivot to AI and hasn't looked back ever robust H100 and H200 Tensor Core GPUs are powering the global AI boom, crunching workloads for everyone from OpenAI to Google. The result is that Nvidia's quarterly top-line numbers have tripled, from $16 billion in fiscal 2020 to over $40 billion in early 2025. That momentum has also pushed the stock to meteoric heights, culminating on July 9 when it briefly became the first $4 trillion company. The key to Nvidia's climb has been Big Tech Giant companies like Google pledged a whopping $85 billion in AI infrastructure spending. Amazon and Microsoft are also developing Nvidia-powered AI into their cloud backbones. That kind of growth gives Nvidia the impetus to continue growing its reach, along with serious pricing power. Now the White House isn't backing off either in its support. Trump's late-July AI action plan effectively rolled back export restrictions on Nvidia's H200 chips while loosening permitting rules for AI data centers. Huang called it a 'critical tailwind' for keeping America's AI edge. Wall Street takes notice, sends Nvidia stock price surging The consensus of 38 Wall Street analysts is that Nvidia's stock price will hit $182.49 over the next year, with bullish targets as high as $250. If that plays out, Nvidia's valuation could soar to $6 trillion, effectively doubling from here. It's not hard to see why, either. Nvidia's unmatched combo of hardware dominance, full-stack software, and deep developer lock-in gives it a near-monopoly on AI's most valuable layer. More Tech Stock News: Top economist drops 6-word verdict on Trump tariffs, inflation Amazon's quiet pricing twist on tariffs stuns shoppers Microsoft software flaw leads to shock nuclear cyber breach Rivals are trying to catch up, but at this point, Nvidia isn't just the chip leader; it's the AI infrastructure king. Donald Trump considered breaking up Nvidia, then backed off President Donald Trump made waves at an AI summit in Washington yesterday, admitting he once thought of breaking things up at Nvidia to potentially level the playing field in the AI chip market. 'I said, 'Look, we'll break this guy up,''Trump told the crowd, before confessing that he was quickly told to pump the brakes on that idea". I found out it's not easy in that business.' The comment drew laughs, but also raised some concerns across Silicon Valley and Wall Street. Trump didn't stop there. He praised Nvidia CEO Jensen Huang, who was in attendance, calling his leadership 'a job well done'. Huang, in turn, hailed Trump as 'America's unique advantage,' in a moment of public flattery. This comes at a time when the Department of Justice is conducting a lingering antitrust probe into Nvidia, which opened last year. Though we haven't seen much action on that front, Trump's comment showed how close the chip giant was to facing serious trouble from the top. It wasn't all tension, though. Trump used the event as a stepping stone to roll out his 'AI Action Plan,' a pro-industry framework that looked to remove regulatory friction for developers and manufacturers. That easing tone could explain why Nvidia shares held steady after the event, even as competitors braced for greater scrutiny. Meanwhile, Nvidia supplier SK Hynix just posted a record $6.7 billion profit for Q2, announcing plans to take it up a notch with its AI chip investments. This follows a trend where we're seeing customers rushing to stockpile ahead of possible new U.S. tariffs. The company says HBM chip demand, and deals with major clients like Nvidia, have held up remarkably well despite the avoids White House crackdown; Trump softens on AI giant first appeared on TheStreet on Jul 24, 2025 This story was originally reported by TheStreet on Jul 24, 2025, where it first appeared. 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
26-06-2025
- Automotive
- Yahoo
Cyngn (CYN) Skyrockets Nearly 500%--Thanks to Nvidia's Backing
June 26 - Cyngn (NASDAQ:CYN) shares soared as much as 500% Thursday morning after the industrial automation company revealed a partnership with Nvidia (NASDAQ:NVDA) to feature its autonomous vehicles at Automatica 2025. Warning! GuruFocus has detected 4 Warning Signs with CYN. The vehicles, powered by Nvidia's Isaac robotics platform and Cyngn's in-house DriveMod software, are designed to support automation in sectors like logistics and manufacturing. The collaboration aims to improve operational safety and efficiency across commercial sites. Cyngn was one of several robotics firms chosen to demonstrate Nvidia-powered technologies at the global event. Automatica 2025 is viewed as a key venue for showcasing AI-driven systems in real-world industrial environments. The stock's sharp move comes after a challenging 12 months, during which Cyngn lost nearly all its market value. The company faced delisting risks due to prolonged share price weakness and missed earnings expectations across four consecutive quarters. Cyngn regained Nasdaq compliance in March 2025. Nvidia shares were up about 1% in the same session. While it remains to be seen whether the partnership will translate into broader adoption, Thursday's rally reflects investor optimism over Cyngn's tech alignment with a major AI player. This article first appeared on GuruFocus. 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
