China clears 1st NVIDIA H200 AI chips for import
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Nvidia purchased CoreWeave Class A common stock at $87.20 per share.
Nvidia CEO Jensen Huang has dismissed criticism that the company’s growing investments in AI firms amount to circular financing, calling the claims absurd and insisting the bets reflect confidence in long-term,
By Akriti Shah Jan 28 (Reuters) - Shares of chipmakers rallied on Wednesday, boosted by surging demand for AI data center hardware, while upbeat results from Texas Instruments and other manufacturers signaled that momentum is widening beyond Nvidia's high-end processors.
The company's hardware, its graphics processing units (GPUs), have become synonymous with AI. Many of the most advanced programs run on Nvidia chips -- so many, in fact, that Nvidia has achieved a market share of 85%.
CoreWeave will also integrate Nvidia's products across its platform, including the new Rubin chip architecture.