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Billionaires Shift Focus to Amazon's AI as Competition Heats Up ...
2024-07-10 15:12:01
Business
Technology
Artificial Intelligence

Billionaires Shift Focus to Amazon's AI as Competition Heats Up in Semiconductor Industry

Billionaire investors, including Israel Englander and Ken Griffin, are diverting their attention from Nvidia to Amazon, selling Nvidia shares to invest in the tech giant's AI initiatives. Amazon's development of generative AI applications for its cloud services is luring new clients and fueling growth in various sectors.

Meanwhile, Nvidia is strategically backing several AI companies like SoundHound AI and Arm Holdings, albeit keeping focus on its core GPU business as competition intensifies. Additionally, the semiconductor industry is abuzz with companies like Nvidia, AMD, and Micron Technology capitalizing on the AI boom through specialized hardware and software offerings.

Despite challenges, with Elon Musk's xAI opting out of Oracle's cloud services, the landscape of AI and chip markets continues to shift, emphasizing the importance of innovation and adaptability in the tech sector.

Related news on that topic:

Stock Market Today: Dow Jones Rises; Nvidia Chipmaker Gets Price ... Target Hike

The stock market experienced gains as the Dow Jones futures rose, with investors eagerly awaiting speeches from Federal Reserve Chairman Jerome Powell. Nvidia, the chipmaker, received a boost after a price-target hike. As the market prepared for economic data releases and the start of a new earnings season, major banks were expected to report their quarterly results. Various stocks, including Carvana, Meta Platforms, and Monday.com, garnered attention in the current stock market climate. Investors are closely monitoring the performance of tech giants like Tesla and Palantir, as well as the upcoming testimony of Fed chief Jerome Powell and the release of inflation data, which are key factors influencing the market's direction. While the stock market has reached new highs, concerns about overbought stocks, a potential pullback, and the dominance of a few large tech companies persist. However, analysts remain optimistic about the prospects of chipmaker Nvidia, as demand for their AI platform and upcoming Blackwell series processors continues to be robust.

The press radar on this topic:

The Street
16. Juli 2024 um 19:22

How Nvidia is boosting crypto's 'DePin' projects and proving AI isn't a bubble

Technology
Finance
Chipmaker Nvidia has seen a boost in the stock market due to the AI explosion, while decentralized compute projects in the crypto world, such as Akash, have also experienced significant growth. Akash offers a platform for users to unlock idle compute power and get paid, making AI more accessible and interesting with the rise of AI agents and risks of censorship. Despite challenges and the correlation between Nvidia's performance and Akash's ascendance starting to reverse, Akash remains optimis..
Big Tech - South China Morning Post
10. Juli 2024 um 01:00

Chinese AI chip makers sell themselves at Shanghai conference with Nvidia comparisons | South China Morning Post

Technology
Economy
Politics
Chinese AI chip makers are promoting their offerings at the World Artificial Intelligence Conference in Shanghai, taking advantage of Nvidia's absence in China. They are comparing their chips to Nvidia's, but face challenges related to manufacturing and software ecosystem bottlenecks. Nvidia's H20 GPUs tailored for Chinese clients remain popular, offering better performance than some Chinese alternatives like Huawei's 910B chip.
Big Tech - South China Morning Post
10. Juli 2024 um 04:05

Oracle shares drop after Musk’s xAI shifts away from cloud deal | South China Morning Post

Technology
Economy
Finance
Oracle shares dropped after Elon Musk's AI startup xAI decided to build its own AI-training infrastructure instead of relying on Oracle's cloud technology. Musk said xAI's competitiveness depends on being faster than other AI companies, and that its Grok 2 model was trained on 24,000 Nvidia H100 chips from Oracle. The decision underscores the challenges cloud providers face in expanding their business despite the availability of capital.
Yahoo Finance
10. Juli 2024 um 07:47

5 Super Semiconductor Stocks to Buy Hand Over Fist for the Artificial Intelligence (AI) Revolution

Technology
Finance
Economy
The article highlights five semiconductor stocks that are poised to benefit from the AI revolution. It discusses how Nvidia, AMD, Axcelis Technologies, Broadcom, and Micron Technology are well-positioned to capitalize on the growing demand for AI-powered hardware and software. The article outlines the unique strengths and opportunities for each company in the AI space, such as Nvidia's AI-focused data center GPUs, AMD's leadership in AI-enabled PCs, and Micron's memory chips for AI applications.
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