Nvidia shares were initially up after an earnings report that included raised revenue guidance for the next quarter. But shares closed 3% lower.

The rise of artificial intelligence was a “once-in-a-lifetime opportunity,” she said, and the company had to put AI at the center of its entire product line. Three years later, the Santa Clara, Calif.

Nvidia’s sales of the computing chipsets powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company.

Microsoft, Nvidia, and Anthropic seal a multibillion-dollar AI pact, scaling Claude on Azure with Nvidia chips to bring frontier models to more enterprises.

Prosecutors have accused Brian Raymond, founder of AI infrastructure and consulting company Bitworks, and three others of selling coveted Nvidia chips to unspecified Chinese companies.

Anthropic will buy $30 billion of Microsoft Azure compute "powered by Nvidia." In return, it's getting billions in investments from each company.

The chip maker reported record revenue, beating Wall Street estimates and increasing current-quarter guidance.

Nvidia CEO Jensen Huang is urging the U.S. and China to improve trade relations, arguing that access to the Chinese market is essential for American competitiveness in artificial intelligence (AI).