#nvidia

#nvidia

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This article will be updated throughout the day, so check back often for more daily updates. Federal Reserve Chairman Jerome Powell is scheduled to give a speech at the Fed's Jackson Hole conference later Friday. Investors are all ears, and cautiously optimistic Powell might say something positive, and the Vanguard S&P 500 ETF ( NYSEMKT: VOO) is edging up 0.3% premarket in anticipation of that.

Nvidia's (NVDA) $4.27 trillion market cap leads the S&P 500, where the top 10 stocks account for 40% of its value. NVDA has been a primary driver of the benchmark index's gains and a drop in its stock could cause the index to tumble. Yet Nvidia's AI-driven rise reflects surging demand for its accelerators amid a concentrated market. Nvidia made early investors rich, but there is a new class of 'Next Nvidia Stocks' that could be even better.

The Silicon Valley startup announced Thursday that several investors, including existing backer Baillie Gifford, added another $97 million to its Series E round. New investors include Icehouse Ventures, Kindred Ventures, Nvidia, and Pledge Ventures. Uber, which last month said it would make a "multi-hundred-million dollar" investment in Nuro as part of a broader deal with the electric car maker Lucid, also participated.

NVIDIA has experienced explosive growth, becoming the largest publicly traded company with a market cap of $4.4 trillion, propelled by rising AI technology investments.

Lambda Inc., a cloud infrastructure firm, is negotiating a funding round that could value it at $4 billion to $5 billion ahead of a potential IPO.

During the company's Q2 earnings call, president Martin Lau stated, "From our own perspective, we do have enough chips for training and continuous upgrade of our existing models." Lau emphasized that Tencent is executing numerous software improvements to drive efficiency in inference, allowing for more workloads with the same number of chips.

The failure to utilize Huawei's chips forced DeepSeek to shift to Nvidia's H20 GPUs for the training of its next-gen LLMs due to instability and performance issues.

"Models are commodities that can be easily swapped out," said Ritwik Gupta, an AI researcher at the University of California, Berkeley. "A lot of developers are using Alibaba's Qwen3, which is powerful and flexible."

Nvidia and AMD have agreed to give the US government 15% of their revenues from chip sales in China as a prerequisite for export licenses.

Analysts at Bernstein reiterated an outperform rating on Nvidia as it heads into earnings, citing the company's data center opportunity as a key driver.

Analyst James Schneider stated that even though investor expectations are high ahead of Nvidia's fiscal second-quarter results, the chipmaker should rise to the occasion.

Nvidia will release quarterly security updates for Maxwell, Pascal, and Volta GPUs through October 2028, ensuring protection against GPU-related security exploits.

VAST Data is in discussions for financing that could elevate its valuation to $30 billion, positioning it among the top valuable AI startups.