Nvidia has struck a series of deals with South Korea’s tech leaders that will result in more than 250,000 of its chips deployed across that country. Included in the frenzy of activity are Samsung Electronics, which is teaming with Nvidia to build an AI “megafactory” that will use more than 50,000 Nvidia GPUs for an intelligent manufacturing facility that will produce state-of-the-art processors that will be used in mobile devices, and robotics, among other things. Nvidia also has South Korean AI factories in the works with Hyundai and manufacturing conglomerate SK Group. The announcements were made as Nvidia CEO Jensen Huang attended the Asia-Pacific Economic Cooperation (APEC) meetings. Read more

Amazon Q3 revenue was up 13 percent to $180.2 billion in the third quarter, compared with $158.9 billion in 2024. The AWS group that includes AI saw sales increase 20 percent year-over-year to $33 billion. The company reported that gross profit increased 38 percent to $21.2 billion for the quarter, due largely to consumer spending online and the demand for cloud computing. Amazon is the dominant player in the cloud space with about 30 percent of global share. However, investors have been cautious about AWS, which accounted for 65 percent of the company’s total operating income in Q3. Since 2022, competition has heated up with OpenAI’s ChatGPT signing on with Microsoft Azure. Read more

Apple had its first $100 billion quarter thanks to the new iPhone 17 series and a strong performance by services, up 15 percent from 2024. Revenue for fiscal Q4, ended September 27, totaled $102.5 billion, up 8 percent year-over-year. Profit surged 86 percent to $27.5 billion (due mainly to a 2024 tax hit). Q4 results capped a record fiscal year with revenue of $416 billion. Sales of the iPhone 17s brought in $49 billion for the three months. The company sold 100 million more units than last year during the same period despite “supply constraints” on some 2025 models. Design changes drove iPhone sales up 6 percent from Q4 of last year. Read more

Every scientific supercomputer powered by Nvidia GPUs will soon be a hybrid quantum computer, CEO Jensen Huang said during last week’s Nvidia GTC conference as he unveiled a quantum compute accelerator called NVQLink that connects “quantum and classical supercomputers — uniting them into a single, coherent system that marks the onset of the quantum-GPU computing era.” Accessible through Nvidia’s CUDA-Q software, NVQLink can create and test applications that draw on CPUs and GPUs alongside QPUs, “helping ready the industry for the hybrid quantum-classical supercomputers of the future.” At the conference, Huang also announced a Nokia partnership that will deliver AI-native 6G using new Nvidia tech. Read more

Alphabet has notched its first $100 billion-plus quarter, with revenue of $102.35 billion, a 16 percent increase for the period ending September 30. The result exceeded analyst estimates of $99.89 billion. CEO Sundar Pichai noted the results marked a 100 percent increase in Q3 revenue since 2020, when it was $50 billion. “We’re firmly in the generative AI era,” Nadella said, noting diversification “with successful businesses in Cloud, YouTube and subscriptions.” The company was onboard with the trend in increased spending, upping its capital expenditure range from $85 billion to $91 billion – $93 billion for 2025. Read more