At least $1 billion in NVIDIA AI chips smuggled into China
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Europe has fallen behind China and the US in the development of AI capacity, producing less than 1% of the world’s semiconductors needed for AI. But the EU hopes to produce 20% of the world’s semiconductors by 2030.
Nvidia’s (NVDA) 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.
Nvidia stock is hovering near-all time highs. Spending plans from Amazon.com, Microsoft, and Meta Platforms could send it higher.
Nvidia recently became the first company to reach a $4 trillion market valuation, driven by its near-monopoly in AI chip technology.
Nvidia has cautioned against using unauthorized chips in data centers. This follows reports of AI chip smuggling into China. Chinese firms are finding
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Nvidia's more attractive share price valuation, combined with its many other strengths, makes it the superior quantum computing investment. That said, Nvidia stock is on fire, having hit a 52-week high of $174.25 on July 18. As a result, you may want to wait for its share price to drop before buying.
In automotive, MediaTek’s Dimensity Auto cockpit platform now integrates Nvidia RTX GPUs for advanced in-vehicle graphics and compute tasks. On the edge AI front, Nvidia’s TAO toolkit works alongside MediaTek’s NeuroPilot SDK, streamlining model training and deployment.
SK Hynix flagged plans to lift spending this year on advanced chipmaking after posting a record quarterly profit on Thursday, boosted by strong demand for artificial intelligence chips and customers stockpiling ahead of potential U.
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These hedge fund billionaires sold Nvidia stock and added to their positions in the iShares Bitcoin Trust in the first quarter.
Despite LIDR stock's surge, AEye's valuation remains attractive given its modest market cap and early-stage revenue. Click here to find out why LIDR is a Buy.
Last week, Nvidia CEO Jensen Huang said it would soon resume selling its H20 chips to China after a breakthrough with the Trump administration on regulations.