A massive opportunity in edge AI applications could justify that valuation.

Nvidia has spent over $900 million to acquire Enfabrica talent and technology, strengthening its AI datacenter infrastructure amid fierce industry competition with Meta and Google.

The investment is the latest in a string of deals that have bolstered Intel, which has struggled in the AI race.

Hedge fund manager Ken Griffin continued to sell Tesla in the second quarter, but he bought a substantial position in Nvidia.

Lawyers from Skadden advised Intel Corp. in its sale of a $5 billion stake in the company to artificial intelligence chipmaker Nvidia.

The deal between the chipmakers, whose fortunes have diverged sharply, includes plans to collaborate on technology to power artificial intelligence.

Keithen Drury has positions in ASML, Alphabet, Broadcom, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends ASML, Alphabet, Nvidia, Palantir Technologies, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

Huawei Technologies Co. unveiled new technology from memory chips to AI accelerators Thursday, outlining publicly for the first time its multiyear plan to challenge Nvidia Corp.’s dominance in a growing market.

We had something very strange today, a story about how the Chinese government wants a full stop in buying NVIDIA’s artificial intelligence chips for some of the biggest clients.