Santa Clara, California-based Nvidia reported its sales were $46.7 billion for the most recent quarter, marking 56 percent growth over the same period last year and up 6 percent sequentially. Profit rose more than 59 percent to $26.42 billion. The results, which surpassed estimates, reassured global analysts and investors that AI infrastructure spending remains strong, easing — though not erasing — anxieties about an AI bubble. This summer, the chipmaker became the first company to exceed a market cap of $4 trillion, and it is considered a global barometer for the overall health of the artificial intelligence sector. Continue reading Nvidia Announces Continued Growth, $26 Billion in Q2 Profit

China’s Huawei Technologies is getting ready to test its newest AI processor, which the company believes is powerful enough to replace high-end chips from U.S. rival Nvidia, whose top-tier products are prohibited from export to China due to a trade embargo. Huawei’s AI ambitions suggest a superpower competition over semiconductors gearing up despite the U.S. government’s attempt to stymie Beijing. Huawei expects to receive its first samples of its latest AI processor, the Ascend 910D, as early as next month, and is reportedly casting about for tech firms capable of testing it out. Continue reading Huawei’s Processor Could Chip Away at Nvidia Market Share