SAN FRANCISCO / LONDON (IT BOLTWISE) – NVIDIA has announced it will build seven AI supercomputers for the US Department of Energy. This news caused NVIDIA shares to rise as investors eagerly await upcoming quarterly reports from major technology companies. Microsoft has also gained value after supporting a restructuring of OpenAI.
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NVIDIA recently announced that it will build seven supercomputers for the US Department of Energy. The announcement has sent the company’s shares soaring as investors look ahead to upcoming quarterly reports from major technology companies. Jensen Huang, CEO of NVIDIA, explained that the company has already received orders worth $500 billion for its AI chips. This development underlines the growing importance of artificial intelligence in the energy industry.
In parallel, Microsoft entered into a deal that allows OpenAI to restructure itself into a non-profit corporation, with Microsoft receiving a 27% stake in the ChatGPT maker. This strategic partnership could further strengthen Microsoft’s position in the field of AI development. Investors are eagerly awaiting quarterly reports from tech giants like Apple, Alphabet and Amazon to learn more about their AI investments.
The stock markets have reacted positively to these developments. The S&P 500 and Nasdaq Composite hit new highs, while the Dow Jones also rose. These market movements reflect investors’ trust in the innovative strength of technology companies. Analysts like Peter Cardillo of Spartan Capital Securities emphasize that both current corporate earnings and expectations for big technology stocks are driving the markets.
In addition to technological advances, there are also geopolitical developments that influence markets. During his visit to Asia, former US President Trump reached an agreement with Japan to strengthen the supply of critical minerals and rare earths. These measures are aimed at reducing China’s dominance in certain areas of electronic components. These geopolitical dynamics could have long-term implications for the global technology industry.
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