Semiconductor leader Nvidia (NVDA -0.26%) rewrote the rules for computer processors when it introduced its graphics processing units (GPUs) in 1999, and they have since become the heart of artificial intelligence (AI) systems.
JD Henning, who runs Value and Momentum Breakouts, shares why following market signals is so important. Leveraging quantitative signals and sector rotation for strong returns.
With tech giants racing to buy up artificial intelligence (AI) hardware, Nvidia remains the market's headline act. But an under-the-radar winner has quietly posted even stronger stock performance this year.
The theme of artificial intelligence (AI) has driven tremendous stock market gains over the past two years and propelled the S&P 500 to record highs in recent weeks. Investors have been buying shares of AI stocks hand over fist, aiming to benefit from what may become a trillion-dollar market.
The largest tech companies are spending tens of billions of dollars on data centers to meet growing demand for artificial intelligence (AI). These are massive expenditures, but they all make sense considering how transformative AI technology is expected to be for the economy.
Elon Musk's artificial intelligence company xAI is scaling up its ambitions with a massive $20 billion funding round, backed by Nvidia, Apollo Global Management, and Valor Capital, Bloomberg reported.
xAI reportedly is looking to raise $20 billion — with Nvidia as one of the investors.
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