Nvidia exceeded expectations in its Q2 earnings report, driven by strong demand for its AI chips. While its stock price dipped slightly after the report, Nvidia remains a dominant player in the AI market, supplying companies like Microsoft, Amazon, and Google. The company also revealed plans for its next-generation AI chip, Blackwell, which is expected to launch in Q4.
Nvidia, the leading chipmaker and AI powerhouse, is set to release its second-quarter earnings report on Wednesday. While analysts anticipate strong revenue growth driven by robust demand for AI accelerators, concerns linger about potential delays in the Blackwell 200 chip, which could impact profitability.
SoftBank, owner of Arm Holdings, has abandoned its plan to partner with Intel to build an AI chip, instead turning to TSMC. The move is a setback for Intel and the US CHIPS Act, as SoftBank was seeking US government funding for the project. The decision was driven by Intel’s inability to meet SoftBank’s demands for speed and volume.
