Nvidia, whose market capitalisation soared past Microsoft's earlier in the week, saw its value drop to USD 3.34 trillion after losing approximately USD 91 billion on Thursday
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This comes just days after Nvidia overtook Apple to secure the position of the second most valuable company, leaving Microsoft’s market value at USD 3.317 trillion and Apple’s at USD 3.286 trillion
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The AI chipmaker’s stock climbed 5.2 per cent, closing at USD 1,224.40, resulting in a market capitalisation of USD 3.012 trillion
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This investment will be part of Tesla’s broader strategy to support its artificial intelligence capabilities
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The driving force behind Nvidia’s exceptional performance is its datacentre division, which brought in USD 22.6 billion in revenue last quarter
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Azure, Microsoft’s cloud service, will now feature clusters of AMD’s MI300X AI chips, providing an alternative to Nvidia’s highly sought-after H100 GPUs
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Microsoft CEO Satya Nadella, Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Nvidia CEO Jensen Huang and 18 other top executives have joined the advisory board
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Nvidia is banned from exporting advanced AI chips to China, which was a measure put into effect last year as part of the US government's initiative to bolster its security protocols
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US Homeland Security Forms High-Level AI Advisory Board with Tech Giants to Safeguard Critical Infrastructure
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