Huawei's Zhang Ping’an dismissed AI chip shortage concerns, emphasising innovation in cloud computing to maintain AI leadership.
NVIDIA
AI-focused chipmakers experienced significant market capitalisation gains, briefly surpassing Microsoft as the world's most valuable company.
Nvidia shares are up 27% in June, Microsoft's market value is up 7.6%, and Apple's market value has surged 9.6% in the past month.
Companies risk fines of as much as 10% of their global annual turnover for breaching French antitrust rules.
Nvidia produces a chip called the H100 accelerator, capable of processing such data and currently in high demand.
Thanks to the generative AI boom, NVIDIA achieved excellent results in 2023, reaching a trillion-dollar valuation.
Washington allows the export of some Nvidia technology to the Middle East, but curbs exports of the company's most sophisticated chips.
NVIDIA's rise to the top is not just a testament to its success but also a reflection of the broader market's faith in AI's potential.
Nvidia shares reach market value of $3.34 trillion and have risen 170% this year, cementing its position as a tech powerhouse.
Broadcom's shares surge 15% following optimistic annual forecast. AI chip demand and stock split announcement drive market enthusiasm.
Telenor reports strong Q1 growth and combats rising cyber threats, while partnering with NVIDIA to boost AI integration across its operations.
The company, valued at $5 billion, focuses on selling AI models and applications with an emphasis on data privacy.
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