Nvidia’s ‘Insane’ AI Chip Demand Leads to Record Share Price

In response to a shift towards the right, misinformation, and lack of moderation on Elon Musk's social media platform X, high-profile figures like Jamie Lee Curtis and Stephen King have left, sparking an exodus with 60,000 daily account deactivations. This departure has impacted professionals like teachers and doctors who utilized X for networking and community-building, leading some organizations like Balenciaga and The Guardian to also withdraw. While some have found alternatives like Bluesky, others like...

Gautam Adani, chairman of Adani Group, emphasized the necessity of fossil fuels for India's large population at the Forbes CEO Summit in Singapore, stating an immediate elimination of fossil fuels would not be feasible for the nation. The Adani Group has denied allegations of bribery and fraud made by U.S. authorities against Gautam Adani, with shares of companies in the group plummeting following the indictment of Adani in a New York federal court for an...

Coffee-loving entrepreneurs can find success with coffee-based franchise opportunities, as highlighted in the 2024 Franchise 500 Ranking. Top brands like Dunkin', Scooter's Coffee, The Human Bean, and PJ's Coffee offer quality beans, expert craftsmanship, and welcoming atmospheres for both coffee enthusiasts and aspiring entrepreneurs. These franchises provide diverse experiences in the competitive coffee market, emphasizing community involvement, quality service, and unique coffee offerings to stand out in the industry. Full Article

Nvidia reported a strong quarter of revenue growth, with revenue nearly doubling to $35.1bn, driven by high demand for AI infrastructure. The company's latest generation of chips, Blackwell, is exceeding sales expectations, despite concerns about overheating and supply chain constraints. Data centre revenue, fueled by companies like Microsoft and Google, saw a 112% increase, contributing to Nvidia's market value of $3.6tn and its significant impact on the tech market. Full Article

Analysts have high expectations for Nvidia's fiscal 2025 third-quarter earnings report, with projections of a profit of 75 cents per share on revenue of $33.16 billion, reflecting over 80% growth from the previous year. The company's Blackwell graphics processing unit is anticipated to drive significant revenue, with analysts predicting between $5 billion and $8 billion in Blackwell sales in the January quarter. Despite concerns about overheating issues and AI scaling slowdown, analysts remain bullish on...

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