AI, NVIDIA and Microsoft
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Pentagon reaches agreements with top AI companies
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Its focus on chips that are well-suited to inference workloads will help it maintain its power in the artificial intelligence space.
Nvidia, Microsoft, Google, SpaceX, OpenAI, and Amazon will all serve as artificial-intelligence vendors for the Department of Defense.
AI server prices in China have almost doubled in recent weeks as export rules and tighter enforcement on grey-market chips restrict supply. Chinese buyers are facing new scarcity premiums for NVIDIA AI hardware,
Wall Street used to obsess over quarterly cloud growth. Now it’s tracking power consumption, GPU shipments, and data-center construction schedules. That shift became impossible to ignore after the latest earnings reports from Amazon (NASDAQ:AMZN) | AMZN Price Prediction,
Swedish startup Legora has raised more than $800 million in the past 12 months, and the latest deal values it at $5.6 billion.
Nvidia and Alphabet both stand to profit from SpaceX's upcoming IPO.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) currently trades around $208.27, while Wall Street’s consensus price target sits at $268.61, leaving a gap of roughly 29% between where the stock currently trades and where analysts think the stock is going.