Cathie Wood's Ark Invest sold all of its NVIDIA shares in January, just before the company's impressive price jumps. Recent SEC filings confirm the selloff, causing the investment firm to miss out on potential gains. Despite this, Wood remains a supporter of Web3.0 companies and Bitcoin. 

Nvidia's financial forecast is optimistic due to the increasing demand for hardware to power the AI revolution. This news caused the company's stock price to soar and may encourage more mining companies to diversify into AI applications.

Nvidia's shares surged by 27.6% in extended trading, pushing the company closer to a $1 trillion market cap. The increase in share price was driven by the company's Q1 report, which revealed a 19% quarter-on-quarter rise in revenue, surpassing expectations.

Nvidia's shares surged by 27.6% in after-hours trading, pushing the company towards a $1 trillion market cap. The rise was due to the company's Q1 report, which showed a 19% increase in revenue, surpassing expectations. Nvidia is a leading manufacturer of cutting-edge chips essential for AI services, which has seen a surge of investment due to the buzz around OpenAI's ChatGPT and similar AI-powered tools.

Nvidia Corp has forecasted second-quarter revenue more than 50% above Wall Street estimates, with the company saying it is boosting supply to meet surging demand for its artificial-intelligence chips. The AI boom has helped Nvidia become the fifth-most valuable US company by market value. Its data center chip sales hit $4.28 billion, beating analyst estimates of $3.89 billion, according to segment data from FactSet. Gaming chip revenue beat Wall Street expectations at $2.24 billion versus estimates of $1.97 billion, according to FactSet data.

Nvidia has announced its RTX 4060 family of GPUs, including the RTX 4060 Ti and the RTX 4060. The RTX 4060 Ti will be available from May 24th for $399 with just 8GB of VRAM, while a 16GB version is due in July priced at $499. The RTX 4060 will be available in July for just $299, making it the first time Nvidia's latest RTX series cards are available under the $500 price point. However, there are concerns over the value of an 8GB card in today's PC gaming community as more demanding games push GPU memory limits even at lower resolutions. Nvidia claims that both models have energy efficiency improvements compared to their predecessors but only shared performance data at 1080p resolution so far.

Shares in Nvidia Corp, Advanced Micro Devices and Micron Technology provided the biggest boosts to the chip sector on Thursday as investors looked for ways to invest in artificial intelligence and in Japan. Synopsys shares ended up 8.7% after it forecast better-than-expected third-quarter profit estimates, saying increased use of AI and automation boosted its business. Micron announced it would invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology in Japan in the next few years with Japanese government support.

NVIDIA's Chief Technology Officer, Michael Kagan, expressed skepticism about cryptocurrencies and their societal value in a recent interview with The Guardian. Kagan believes that AI applications like ChatGPT are more beneficial than crypto mining, highlighting NVIDIA's strained relationship with the crypto community. In 2021, NVIDIA released software that limited its graphics cards' ability to mine Ethereum, aiming to prioritize its preferred customers like AI researchers and gamers. NVIDIA's CTO praised AI applications like ChatGPT, which required approximately 10,000 NVIDIA graphics cards for its initial training. Kagan likened cryptocurrencies to high-frequency trading, an industry that had previously benefited his company, Mellanox, before its acquisition by NVIDIA. While acknowledging that customers buy their products, he emphasized that NVIDIA would not wholeheartedly redirect the company to support cryptocurrencies. The Guardian also noted NVIDIA's recent success in the AI market, with tens of thousands of NVIDIA's AI-focused processors sold to Microsoft and Amazon for their respective cloud computing services.

Adobe and Nvidia announced new tools that use artificial intelligence to generate images while tackling some of the thorniest legal issues surrounding the technology: copyrights and payments. 

Nvidia said the DGX H100 platform is available now worldwide, while Microsoft Azure and Oracle Cloud Infrastructure are now offering access in private preview. AWS, along with Google Cloud, are expected to provide access soon.