Intel announced on Monday that CEO Pat Gelsinger, 63, retired effective December 1. Gelsinger also stepped down from the board of directors on the same date. He had been with Intel for over three decades including four years as CEO. The abrupt announcement further states that Intel’s Chief Financial Officer David Zinsner and Intel Products…
Nvidia, the world’s biggest company with a $3.5 trillion market capitalization, reported its third-quarter earnings on Wednesday after market close. Lukman Otunuga, senior market analyst at online trading broker FXTM, told Entrepreneur before the earnings release that “with Nvidia’s jaw-dropping performance in 2024, expectations are sky-high.” “The earnings could either propel the stock to fresh…
While some strategists say to “buy high, sell higher” on Nvidia stock, Terry Smith is staying away from Nvidia altogether. Smith has been called Britain’s Warren Buffett; he manages the £22.8 billion ($29.33 billion) Fundsmith Equity Fund. He has chosen not to invest in Nvidia, the world’s largest company with a market cap of over…
Nvidia passed Apple on Tuesday to claim the top spot as the biggest company in the world with a market cap of $3.43 trillion to Apple’s $3.38 trillion. At the time of writing, Nvidia had a market cap of $3.584 trillion, higher than Apple’s $3.389 trillion and Microsoft’s $3.102 trillion. Apple and Microsoft are currently…
Jensen Huang is the CEO of Nvidia, the second most valuable company in the world, with a market capitalization of $3.42 trillion. On Tuesday, at Gartner’s IT Symposium in Orlando, Florida, Huang encouraged business executives to prioritize AI and used Nvidia as an example of how it can be done. Huang said Nvidia uses AI…
Nvidia’s Blackwell AI chip, the same one that Nvidia CEO Jensen Huang said had “insane” demand, is now free of a design error that caused a production delay. According to a Wednesday Reuters report, Huang said that the design mistake “was 100% Nvidia’s fault.” “We had a design flaw in Blackwell,” he stated. “It was…
Nvidia is the second most valuable company in the world, with a market cap of over $3 trillion. At market close on Monday, shares of the AI chipmaker hit an unprecedented high of $138.07 before falling to $131.32 at the time of writing. Nvidia’s performance is tied to strong demand for its AI chips. Nvidia…
Nvidia CEO Jensen Huang rarely lays off employees and the people he hires seldom choose to leave the company, which is the second most valuable in the world. Though joining Nvidia’s 29,600-person workforce isn’t easy, Huang recently revealed how he approaches the hiring process — and it turns out that acing the interview isn’t the…
