“We are living through a dramatic contraction in the access that teenagers have to technology online.”
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Jensen Huang, the Nvidia chief executive, and the leaders of Samsung and Hyundai staged a regular-folks outing in Seoul before announcing a business deal.
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The company’s revenue rose to above $100 billion in the quarter for the first time, and profit soared 86 percent.
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After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.
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Volkswagen, Hit by Tariffs, Reports $1.5 Billion Loss and Warns of Chip Shortage
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Europe’s largest automaker said that a shortage of semiconductors could further hurt productivity.
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Nvidia Is First Company to Top $5 Trillion in Market Value Amid AI Boom
by NYTimes
written by NYTimes
The A.I. chip maker has become a linchpin in the Trump administration’s trade negotiations in Asia.
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The company reported higher-than-expected capital expenditures of $34.9 billion in its latest quarter.
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The Silicon Valley company projected more spending this year and said it would continue in 2026 as it hires A.I. researchers and builds data centers to power the technology.
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The internet company said profit for the quarter was up 33 percent, to just under $35 billion.
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The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
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