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Nvidia's Stake Boosts AI Stocks Amid Market Moves
2024-07-19 23:55:08
Artificial Intelligence
Stocks
Tech

Nvidia's Stake Boosts AI Stocks Amid Market Moves

Serve Robotics and Soundhound AI experience remarkable surges as Nvidia's 10% stake announcement propels their shares. Serve Robotics, a Postmates ex-subsidiary acquired by Uber, soars 130%, while Soundhound AI gains over 125%.

Nvidia's move contrasts with its own 1% stock dip. In another realm, OpenAI turns to Broadcom for chip development amidst competition from Musk and Zuckerberg buying up Nvidia chips.

The tech landscape witnesses fluctuating market dynamics, with companies navigating through strategic investments and shifts in investor sentiment.

The press radar on this topic:

Cointelegraph.com News
19. Juli 2024 um 16:37

OpenAI turns to Broadcom as Musk, Zuckerberg snatch up Nvidia AI chips

Technology
Economy
Finance
OpenAI seeks Broadcom for AI chip development amid competition with Musk and Zuckerberg buying up Nvidia chips; training AI models like ChatGPT and Llama requires clusters of GPUs like Nvidia's H100; OpenAI in discussions with chipmakers to expand AI operations and reduce reliance on Microsoft's hardware; Altman seeks investors for multi-trillion-dollar chip development fund; Musk and Zuckerberg's purchases contribute to chip shortage and price increase
Yahoo Finance
19. Juli 2024 um 16:56

A Big Nvidia Stake Sends Another AI Stock Soaring

Technology
Finance
Economy
Serve Robotics, a last-mile delivery company with semi-autonomous robots, surged 130% after Nvidia reported a 10% stake worth 3.7 million shares ($9.8M). Nvidia's AI halo also boosted Soundhound AI, which gained over 125% on Nvidia's smaller stake. Serve was a Postmates subsidiary, acquired by Uber in 2020 and spun off in 2021. Meanwhile, Nvidia's own stock was down over 1%.
n-tv.de
19. Juli 2024 um 21:13

Serve Robotics Stock Explosion: Investors Distance Themselves from Crowdstrike - n-tv.de

Finance
Technology
Economy
Serve Robotics with stock explosion; Crowdstrike stock falls due to IT disruptions; Nvidia invests in Serve Robotics with 3.7 million shares or 10 percent; Profit-taking in tech stocks and expectations of a Trump victory weigh on the market; Philadelphia Semiconductor Index falls, Brent and WTI oil prices decline.
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