Palantir is a “rare cult with no sex and very little drugs and we’re not poisoning anyone,” quipped its billionaire CEO in a recent sitdown.

Apple is ramping up research and development of its own AI chip to reduce its reliance on third-party developers, potentially finally completely ending its decades-long unhappy relationship with Nvidia.

Live Updates Make sure to refresh this page periodically for updates. US Banks Planning to Sue the Fed 8:08 am One of the biggest reports premarket is that US banks are planning to sue the Federal Reserve over annual stress tests.

Companies like AMD ( AMD) are angling to poach Nvidia’s customers and slice into its estimated 80% to 90% market share. Even Nvidia’s own customers are working on chips meant to cut down on their reliance on the graphics giant’s semiconductors. And Wall Street is getting on board.

SemiAnalysis pitted AMD's Instinct MI300X against Nvidia's H100 and H200, observing several differences between the chips. For the uninitiated, the MI300X is a GPU accelerator based

Like most big tech companies with artificial intelligence ambitions, Apple has little choice but to use chips from Nvidia, whose graphics processing units are practically a de facto standard in the development and running of AI software.

Unlike Nvidia, SoundHound AI is still losing money. And even after a huge increase in revenue, the company is still expecting to generate less than $190 million in sales next year, while its current research and development budget over the last 12 months totaled just $64 million.

Olympian Motors partners with Nvidia to develop AI-powered EV platform, leveraging advanced computing solutions for modular design and deployment.

Apple and NVIDIA shared details of a collaboration to improve the performance of LLMs with a new text generation technique for AI.

When analyzing Nvidia (NASDAQ: NVDA), you can probably forgive some investors for writing it off as overvalued. The stock is up around 12-fold since its bear market low in 2022. Its valuation and growth rate stoke fears that it's flying too close to the sun and will crash when its wings melt.

Fund manager Stephen Yiu of Blue Whale Growth Fund has forecasted that Broadcom Inc. (NASDAQ:AVGO) will yield substantial returns for investors by 2025, potentially surpassing AI chip heavyweight Nvidia Corporation (NASDAQ:NVDA).