Nvidia's post-earnings plunge pulled the stock back near January’s lows. Analysts have remained bullish, and said they expect Nvidia to be a DeepSeek beneficiary.
Nvidia depends, at least somewhat, on a first-mover disadvantage. The chipmaker led by Jensen Huang should report another quarter of breakneck growth on Wednesday, with analysts expecting earnings to skyrocket 60% year-over-year to $21 billion,
U.S. stock indexes are slipping, and Wall Street remains subdued following a rough run where worries about the economy rattled the market.
Data center operator Switch is weighing an IPO at about a $40 billion valuation, Reuters reported in September. Nvidia rival Cerebras Systems mulled going public last year but postponed its roadshow amid delays with a U.S. national security review, Reuters has reported.
Nvidia shares plummeted 8.5%, weighing down the Nasdaq Composite, just as Trump reaffirmed that tariffs would go ahead.
"Our platform supports the development and use of ground-breaking models," the startup added. New Jersey-based CoreWeave plans to offer shares on the New York Stock Exchange under the symbol "CRWV" and raise $3.
The deal will combine CoreWeave's infrastructure and managed cloud services with Weights & Biases' platform, which is used for AI model training, evaluation, and monitoring, the company said. Weights & Biases's product is used by technology companies including OpenAI and Meta to build and train AI models and develop and deploy AI applications.
While Nvidia delivered a surge in quarterly revenue, it said first-quarter margin would tighten as it ramps production of its new flagship AI chips.
NEW YORK -- Sales of Nvidia's artificial intelligence chip Blackwell will be top of mind when the company releases its latest financial results Wednesday, with analysts eyeing future demand amid a ...
Nvidia reports earnings this afternoon, giving it another chance to ease investor concerns about the potential threat DeepSeek poses.