By Arsheeya Bajwa and Stephen Nellis (Reuters) -Nvidia forecast second-quarter revenue above estimates on Wednesday and announced a ten-for-one forward stock split, impressing investors who have already tripled the chipmaker's market value in the past.
Alphabet, Microsoft, Amazon.com and other technology companies have been competing for a limited supply of Nvidia s high-end chips as they race to dominate AI computing.
(Reuters) -For chip designer Nvidia, the generative artificial intelligence boom is a gift that keeps on giving. After riding a demand surge sparked by Big Tech's rush to roll out chatbots, Nvidia now expects new AI models that are capable of creating video and engaging in human-like voice interactions to spur more orders for its graphics processors. The need for more computing power to train and run advanced AI systems has buoyed demand for Nvidia's Grace Hopper chips such as the H200, which was first used in OpenAI's GPT-4o - a multimodal model capable of realistic voice conversation with the ability to interact across text and image.
Swedish electric vehicle maker
Polestar will not be reporting its
first-quarter results on May 23, a spokesperson confirmed in an
email to Reuters on Wednesday. The company will first.