NVIDIA

The Supreme Court allows a shareholder lawsuit against Nvidia

December 13, 2024 1 min read

The US Supreme Court has permitted a shareholder lawsuit against Nvidia to move forward. This lawsuit focuses on claims of misrepresentation about the company’s revenue from cryptocurrency mining. The lawsuit says that Nvidia’s CEO, Jensen Huang, minimized how much the company relied on crypto sales during its big revenue increase in 2017 and 2018, before the cryptocurrency market fell. Nvidia announced it missed its revenue targets after the market collapse,

Nvidia faces a revived class-action lawsuit backed by the SEC

October 5, 2024 2 mins read

Nvidia is currently under scrutiny as the SEC and DOJ support a revived class-action lawsuit accusing the company of misleading investors regarding its revenue from cryptocurrency mining. This lawsuit, initially filed in 2018, claims that Nvidia downplayed its reliance on crypto-related earnings during a period of high demand for GPUs in mining. The U.S. government’s involvement aims to hold Nvidia accountable for allegedly misrepresenting its financial health, particularly in light

The world’s most valuable chip company Nvidia and iPhone maker Foxconn partner to build “AI factories”

October 19, 2023 2 mins read

Nvidia and Foxconn, the manufacturer behind Apple’s iPhones, have teamed up to create “AI factories,” a novel type of data center. These centers will rely on Nvidia chips to power a broad spectrum of applications, including training autonomous vehicles, running robotics platforms, and managing extensive language models. This partnership comes in the wake of the US announcing new export restrictions on advanced chips to China, which impacts Nvidia. These restrictions

AMD Unveils New AI Chip to Rival Nvidia’s Dominance in AI Computing

June 15, 2023 1 min read

Advanced Micro Devices (AMD) has announced its latest AI chip, the M1300X, aiming to compete with Nvidia’s stronghold on the AI chip market. With its advanced GPU technology and optimized architecture, AMD is positioning itself as a strong contender in the rapidly expanding field of artificial intelligence. AMD’s M1300X GPU for AI applications is set to enter the market in Q3 2023, with mass production beginning in Q4. This announcement