Artificial Intelligence

Nvidia’s Dominance, AI Investments, And A Predicted Market Crash: This Week In Artificial Intelligence – NVIDIA (NASDAQ:NVDA), Palantir Technologies (NYSE:PLTR)

The past week has been a whirlwind of activity, with tech giants and industry leaders making headlines. From Nvidia Corp.’s NVDA impressive performance to Elon Musk’s massive investment in AI, there’s a lot to catch up on. Let’s dive into the top stories that shaped the week.

A Non-Tech Company Outperforms Nvidia and Super Micro

Seven of the top ten best-performing S&P 500 stocks over the past year were tech companies. However, the company that topped the list was not a tech company but a utility company, Vistra Corp. VST, which gained over 250% over the past year. Nvidia and Super Micro Computer, Inc. SMCI took the second and third positions with gains of 239% and 203%, respectively.

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Nvidia CEO Cashes In

Nvidia CEO Jensen Huang sold over $29 million worth of shares amid the company’s remarkable stock market performance. Huang’s total sales over the past three weeks amounted to $184 million. Nvidia’s stock reached its peak in June, driving the company’s market value to over $3 trillion.

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Musk’s Massive Investment in AI

Elon Musk, CEO of Tesla Inc. TSLA and founder of xAI, revealed that the upcoming version of his AI chatbot, Grok 3, will be trained on a staggering 100,000 Nvidia H100 chips. These chips are crucial for handling data processing in large language models and are highly sought after in Silicon Valley.

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Peter Thiel’s Insights on AI

Palantir Technologies PLTR co-founder Peter Thiel shared his insights on artificial intelligence, Nvidia, and ChatGPT-parent OpenAI at the Aspen Ideas Festival. Thiel drew parallels between the dot-com bubble of ’99 and the current state of AI.

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Rich Dad Poor Dad’ Author Predicts Market Crash

Robert Kiyosaki, author of “Rich Dad Poor Dad,” warned of an impending market crash, followed by a long-term bull run for gold, silver, and Bitcoin. Kiyosaki predicted a historic crash in the prices of real estate, stocks, bonds, gold, silver, and Bitcoin, followed by a subsequent bull market cycle starting in late 2025.

Read the full article here.

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Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Rounak Jain


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