Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.

Nvidia has voiced strong opposition to a reported plan by the Biden administration to impose new restrictions on AI chip exports. The leading AI chip company has called the policy potentially harmful to the US economy, urging the outgoing president to leave such decisions to the incoming Trump administration, states a report by Reuters.

Nvidia has introduced Cosmos, a platform designed to help developers create and refine advanced AI systems for robotics and autonomous vehicles (AVs). The platform aims to reduce costs and risks associated with building physical AI models by offering tools to generate, process, and test data in simulated environments, according to an official press release by Nvidia.

Nvidia has announced Project DIGITS, a desktop-sized AI supercomputer featuring the new GB10 Grace Blackwell superchip. The device is designed to provide researchers, developers, and students with high-performance AI capabilities for prototyping, fine-tuning, and running large models, says Nvidia in an official press release.

Nvidia, the chipmaker, announced on 30 December that it has finalised its $700 million acquisition of Run:ai, Israeli AI startup.

Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox

Nebius Group, an artificial intelligence (AI) infrastructure company, has recently announced that it has raised $700 million in a private funding round led by Nvidia, venture capital firm Accel, and accounts managed by Orbis Investments, according to a recent report by Reuters.

Nvidia has introduced a new generative AI model, Fugatto, capable of generating and transforming audio, music, and voices based on text and audio prompts. The technology targets industries such as music production, film, and video games, offering advanced tools for creating and modifying audio content, as per an official blog post by Nvidia.

Jensen Huang, CEO of AI chip powerhouse Nvidia, received an honorary doctorate in engineering from the Hong Kong University of Science and Technology (HKUST) during a ceremony held on Saturday.

The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.

Nvidia reported quarterly sales of $35.1 billion, some $2 billion more than market expectations.

Nvidia’s highly anticipated Blackwell AI chips are reportedly facing overheating issues, raising concerns about potential delays for customers relying on the technology. According to a report by global news platform The Information, the overheating occurs when the chips are installed in server racks designed to hold up to 72 units.

Facebook and Nvidia are asking the US Supreme Court to dismiss securities fraud lawsuits filed by investors, in cases that could make it harder to hold companies accountable in court. Both tech giants are challenging rulings by a lower court that allowed these lawsuits to move forward, saying the cases don’t meet legal standards.

Nvidia’s stock surged to new heights on Monday, closing at its highest value ever and edging the AI chip giant closer to dethroning Apple as the world’s most valuable company.

Google owner Alphabet, Microsoft and Meta Platforms, which owns Instagram and Facebook, are forecast to spend a combined $160 billion in capital expenditures next year,

Nvidia, a leading player in artificial intelligence, experienced a steep 9.5% drop in its shares on Tuesday, marking the largest single-day loss in market value for a US company. As a result, the company lost $279 billion in market capitalisation. 

Nvidia on Tuesday defended its tactics in the hot market for chips to power artificial intelligence in the face of reports the US is probing whether it abused its clout

Nvidia, the leading chip company in the world, has recently been put under investigation by the US Department of Justice over "competition concerns", due to Nvidia's current dominance in the global market and significant role in driving the ongoing AI boom.

Tech companies focusing on AI-related products and services saw a substantial increase in market capitalisation at the end of June 2024. Particularly, success was seen from chipmakers, such as Nvidia, which briefly overtook Microsoft to become the most valuable company in the world.

Nvidia is set to face charges from the French antitrust regulator for alleged anti-competitive practices, as per sources close to the matter. This makes the French regulator the first enforcer to act against the leading computer chip company.