The Latest Breaking News from Nvidia

Nvidia chipmaker Taiwan Semiconductor jumped on strong earnings, lifting chips. GE Aerospace also rallied. Netflix looms.

Nvidia stock remains in focus on hopes that the chipmaker will soon resume business in China. Needham raised its price target on NVDA shares to $200 on Wednesday.

Using an early combination of NVIDIA Neural Texture Compression and DirectX Raytracing 1.2's Cooperative Shaders, one enthusiast is already seeing a massive drop in VRAM consumption while rendering with an RTX 5080.

Ah, it's "leaving important bits out" day.

While the market absorbs a mixed bag of inflation reports and Fed projections, focus is shifting back to earnings, beginning with the largest banks. Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC) reported on Wednesday and their figures have the financial sector cheering.

Jensen Huang, CEO of Nvidia Corp. (NASDAQ:NVDA), expressed admiration for Chinese EV maker Xiaomi Corp.’s (OTC:XIACF) newest electric cars during a high-profile visit to China this week.

Howard Lutnick's political ties may have influenced Nvidia's AI chip sales to China, according to a report. Following a US-China détente, Nvidia resumed H20 chip shipments, reversing an earlier ban that caused a $4.5 billion writedown.

Cisco Systems (NASDAQ:CSCO) stock is up ~14% year-to-date, gaining ~18% in the last three months. During the same period, the NASDAQ Composite Index (which includes Cisco) gained over 7% and 23%. The stock trades close to its 52-week high of $69.78.

Apple is promising that Cyberpunk 2077 will perform well on Macs, and AI could be a key ingredient.