Evening digest: China growth slows, Nvidia makes AI buy, Bitcoin slips

Global markets and policymakers faced a turbulent start to the week as Australia mourned a deadly antisemitic attack at Sydney’s Bondi Beach, and China reported fresh signs of economic slowdown. Nvidia moved to deepen its AI infrastructure with a key acquisition, and Bitcoin slid below $87,000 amid heavy liquidations.

212 +

CoreWeave Goes Public at $40 Per Share, Raises $1.5 Billion

AI powerhouse Nvidia aims to anchor a $250 million order, Bloomberg reported.

76 +

AI News: Nvidia Revenue Hits $39.3 Billion Above Wall Street’s Expectations

128 +

Akash Network, FET, and Render see double-digit losses as Nvidia stocks plunge 9.5%

AI-focused cryptocurrencies suffered double-digit losses following Nvidia’s largest one-day market value drop due to a reported antitrust subpoena from the US Department of Justice. AI chip giant Nvidia experienced a significant downturn on Sep. 4, with its stock plummeting by…

139 +

FET, TAO react after Nvidia Q2 earnings: What’s next for these AI tokens?

Nvidia reported that its Q2 earnings generated $30.04B. FET and TAO to benefit from NVDA positive news in the long-term.  The AI sector is experiencing a resurgence this week, significantlyThe post FET, TAO react after Nvidia Q2 earnings: What’s next for these AI tokens? appeared first on AMBCrypto.

290 +

DOJ, FTC to probe OpenAI, Microsoft, Nvidia over AI competition fairness

The Department of Justice (DOJ) and the Federal Trade Commission (FTC) are preparing to launch investigations into major AI companies over anticompetition issues, Politico reported on June 6. Under the agreement, the DOJ will probe Nvidia and its role in supplying high-end semiconductors to the AI industry.

286 +

Could Bitbot benefit after Nvidia’s blockbuster quarter?

Nvidia Corp reported another blockbuster quarter last week but Dan Ives of Wedbush Securities is convinced “the party is just getting started” for artificial intelligence. Nvidia report bodes well for the AI projects The semiconductor behemoth issued impressive guidance as well on May 22nd and announced s 10-for-1 stock split after its share price surpassed […]

188 +

The Graph (GRT) rally shows promise, InQubeta presale captures $10M for AI venture funding model

AI narrative is a hot story in crypto right now following strong earnings reported by Nvidia, a leading designer of graphics processing units (GPUs). Nvidia’s results highlight the surging demand foThe post The Graph (GRT) rally shows promise, InQubeta presale captures $10M for AI venture funding model appeared first on AMBCrypto.

390 +

Jed McCaleb-backed nonprofit invests $500M in Nvidia AI chips

A nonprofit backed by Stellar (XLM) and Ripple (XRP) co-founder Jed McCaleb has invested millions of dollars in advanced AI-powered chips, Reuters reported. McCaleb, a crypto pioneer who also co-founded Mt.

299 +

Non-profit linked to Stellar co-founder Jed McCaleb invests $500M in AI chips

A non-profit organization linked to Stellar co-founder and executive Jed McCaleb intends to offer an AI chip rental service, Reuters reported on Oct. 30. The startup in question, Voltage Park, has reportedly purchased 24,000 Nvidia H100 chips valued at $500 million.

522 +

NVIDIA reports record $13B revenue in Q2 2023 as AI tech industry booms

NVIDIA reported record revenue in its latest earnings report on Aug. 23. The chip giant revealed that it brought in a record-breaking $13. 51 billion in revenue in Q2 2023, up 101% from one year ago and up 88% from last quarter.

426 +

NVDA Shares Spike 25% to ATH after Nvidia Reported Better than Expected Q1 Results amid Huge AI Demand

Coinspeaker NVDA Shares Spike 25% to ATH after Nvidia Reported Better than Expected Q1 Results amid Huge AI Demand In Q1, Nvidia partnered with ServiceNow, Medtronic, Dell Technologies, and Microsoft’s Azure to build generative AI for its array of products.

451 +

Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’

Graphics card giant Nvidia reported “nominal” sales of its crypto mining chips and expected overall revenues to be down in Q2, which drove down its share price.

287 +

Nvidia Admits Ethereum Mining Limitations Lifted Accidentally

Nvidia has reported that it mistakenly removed a hash rate limiter on its RTX 3060 graphics card. The American multinational corporation is renowned for designing graphics and processing units for the gaming and mobile computing market.

428 +

Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million

Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.

388 +

Rockstar Blames NVIDIA for Some Red Dead Redemption 2 Performance Woes

Red Dead Redemption 2 launch plagued by stutters and crashes. Developer Rockstar Games has pushed out successive fixes. Rockstar places blame for persistent stuttering issues on NVIDIA hardware and drivers.

336 +

Nvidia’s Surplus Of Crypto Mining GPUs Apparently Causes The Chip Producer To Be Worst S&P 500 Performer

Nvidia Has Been Reported As The Worst Performer In The S&P 500 At The End Of 2018 Nvidia has been reported as the worst performer in the S&P 500 at the end of 2018Nvidia which is a chip manufacturing Giant has gone on to say that it is expecting to finish the sale of its […]

343 +

GPU Miners May Soon Have Another Way to Make Money

GPU-based cryptocurrency miners have taken a beating throughout this bear market — just ask NVIDIA. However, users with spare GPUs may soon be able to put their ineffective mining hardware to another profitable use: renting rendering power to those looking to experience quality PC gaming on an underpowered computer.

300 +

Crypto Winter Survivor: Inside Nvidia’s Difficult Relationship With Mining

The bear market was particularly hard on Nvidia and its GPUs, but the company still reported full-year revenue gains in 2018. How dependent is it on the crypto market?

303 +

NVIDIA’s Earnings Report For Q4 2019 Beats All Expectations

The largest graphics chip manufacturer in the world, NVIDIA, reported better-than-expected earnings for the fourth quarter of its 2019 fiscal year which led to its shares rising as much as 8 percent, the company announced in a press release on February 14, 2019.

305 +

Thispersondoesnotexist.com is face-generating AI at its creepiest

The most impressive magic trick AI‘s learned in the modern era is the one where it conjures people out of thin air. And there’s no better machine learning-powered wizardry than Nvidia‘s. Nvidia is a company most lauded for its impressive graphics cards.

329 +

Report: Analyst Finds Nvidia Earned $1.35 Billion More in Total Crypto Revenue Than Stated

RBC analyst Mitch Steves estimates that Nvidia probably earned around $1.35 billion more in total revenue from crypto and blockchain than it reported

317 +

Tech Stocks Had a Miserable Start to 2019 But One Industry is Keeping Dow Jones Alive

While most major tech stocks in the likes of Intel and Nvidia had a bad start to 2019, one industry has performed exceptionally well, sustaining the momentum of the Dow Jones and the U. S. stock market.

328 +

Nvidia Made Billions From Ethereum Crypto Mining Says Analyst

An analyst at RBC Capital Markets claims Nvidia made “$1. 95 billion in total revenue related to crypto/blockchain,” significantly more than Nvidia’s reported $602 million. Mitch Stevens of RBC says from April.

386 +

Nvidia’s Woes Increases as it Faces a Series of Class Action Lawsuits

The crash in the price of bitcoin and other cryptoassets has taken a heavy toll on NVIDIA, a U. S. -based leading manufacturer of cryptocurrency mining graphics processing units (GPUs), as the firm is now being targeted by class action lawsuits filed by the Schall Law Firm, a securities fraud specialist and others, for allegedly misleading its shareholders, reported tom’s HARDWARE on.

454 +

Nvidia Faces Class Action Lawsuit Over Losses After Diminished Mining GPU Demand

Because of the losses reported when GPU demand by miners diminished, Nvidia is facing a class action lawsuit

295 +

Crypto Hangover Hits Nvidia as Chip Sales Plunge With Bitcoin Prices

After a stellar rise in business over the last year due to the cryptocurrency boom, chipmaker Nvidia’s optimistic figures for graphics card demand in 2018 has drastically fallen short of expectations, with share prices falling by 17 percent on the back of millions of unsold chips.

329 +

Nvidia Stock Plunges as Chip Sales Plunge With Bitcoin Prices

After a stellar rise in business over the last year due to the cryptocurrency boom, chipmaker Nvidia’s optimistic figures for graphics card demand in 2018 has drastically fallen short of expectations, with share prices falling by 17 percent on the back of millions of unsold chips.

355 +

“Crypto Hangover” Causes Nvidia’s Stock to Tumble 17%

Following a week of widespread carnage in the cryptocurrency markets, traditional retail stocks involved with the crypto sector are feeling the burn as well, with the California-based computer chip maker, Nvidia’s (NVDA) price tanking on the Nasdaq stock exchange.

330 +

Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business

Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U. S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter.

395 +

Analyst: Low Volatility Indicates That Bitcoin (BTC) Will Bottom, Bull Run In Sight

Analysts Bullish On Bitcoin (BTC) Due To Dropping Volatility Just days ago, Ethereum World News reported that data from CBOE Global Markets indicates that Bitcoin (BTC) is now less volatile than the publicly-traded stocks of Amazon, Netflix, and Nvidia, which have all outperformed ‘mellow yellow’ since the start of 2018.

379 +

Bitcoin Becomes Less Volatile Than Amazon, BTC Holds Steady At $6,500

Bitcoin (BTC) Is Now Less Volatile Than Amazon, Nvidia, Netflix Stocks As reported by Ethereum World News in early-October, volatility for now-10-year-old Bitcoin (BTC), the foremost digital asset, fell to multi-month lows, as analysts claimed that this market has “just simply run out of juice… becoming boring.

398 +

Trade War Between China and USA Affects GPU Tariffs, Cryptocurrency Mining to be Affected

President Trump’s latest tariffs on Chinese goods could lead to an increase of graphics cards from both AMD and NVIDIA in the following months, reported CNBC on September 27, 2018.   In a competitive mining scene where profit margins are slim, even the slightest increase in costs could mean the difference from being in the black and being in the red.

444 +

Two Norwegian Miners Scrutinized for Low Taxable Incomes

Two Norwegian cryptocurrency miners have garnered national media attention after declaring taxable incomes of less than $20,000 USD despite having admitted to owning at least 34 bitcoins during December of last year.

247 +

Nvidia Reports FiveFold Drop In Mining GPU Sales

Nvidia, world-scale manufacturer of video cards, reported a "substantial decline" in sales of mining equipment due to a decreased demand from miners.

419 +

New Blockchain ETF to be launched on Toronto Stock Exchange

The Toronto Stock Exchange (TSX) will list a new blockchain exchange traded fund (ETF) starting Thursday, Bloomberg reported June 20. ETFs experience price changes throughout the day as they are purchased or sold on a stock exchange.

390 +