NVIDIA has updated its ray tracing global illumination SDK to the latest feature set in the RTXGI 2.0 update, offering support for new technologies.
04.03.2024 - 08:19 / tech.hindustantimes.com
Nvidia Corp.'s rise is captivating the stock market and driving the S&P 500 Index to new highs. But it also raises cautionary reminders of another investor darling that soared on dreams of a technological transformation, only to tumble back to earth when those hopes turned to disappointment.
That stock belongs to Tesla Inc., which sparked its own mania in 2017 as investors bet that electric vehicles were going to take over the world. Back then, Elon Musk's company was a phenomenon as it blew past established carmakers like General Motors Co. and Ford Motor Co. in market capitalization to become America's biggest auto manufacturer. Some analysts were looking beyond the industry and calling it “the next Apple Inc.”
Now, Tesla shares are down more than 50% from their 2021 peak, and other EV stocks that raced higher with it are shadows of their former selves. All of which should be sobering for Nvidia investors who see the stock as a limitless bet on an AI future. The company's shares have added 66% this year after more than tripling in 2023.
“We have seen time and again that when investors fall in love with the idea of the technology innovation du jour, logic takes a back seat” Adam Sarhan, founder and CEO of 50 Park Investments, said in an interview. “And when emotion takes over, sky is the limit.”
There are plenty of differences between Nvidia and Tesla, from the products they make to the personalities of the men that run the companies. But the parallels are striking.
Nvidia's rise from niche chipmaker to one of the biggest companies in the world is based on the premise that its phenomenal sales growth over the past year has staying power. Tesla's big breakout rally, which occurred in 2020 and put its valuation well over $1.2 trillion, was pinned on the assumption that EVs would be adopted widely and quickly, and that it would be the company to dominate that market.
But reality has interrupted that story. Demand for EVs is slowing as the wave of enthusiastic first adopters have already bought, and more price-conscious, change-averse consumers are taking longer than expected to convert to a new technology. As a result, Tesla is down 31% from its recent high last July and is one of the biggest percentage decliners in the Nasdaq 100 Index this year.
“There's all this potential about the driverless car, the cybertruck and the stock is getting hit. Why? They are losing market share and they are losing margins. In the tech world that is the kiss of death,” said Sameer Bhasin, principal at Value Point Capital.
For Nvidia, it's too early in the hype cycle for any signs of a slowdown. The Santa Clara, California-based company has delivered blow-out results for four consecutive quarters, fueled by what appears to
NVIDIA has updated its ray tracing global illumination SDK to the latest feature set in the RTXGI 2.0 update, offering support for new technologies.
It is that time of the year again when speculations arise regarding everything that Apple could unveil at its Worldwide Developers Conference (WWDC). Although even the dates of WWDC 2024 are not finalized, Apple is likely to make a host of announcements related to software and hardware, as is customary. Like every year, the event is expected to be held at the Steve Jobs Theatre in Apple Park, Cupertino, California. If reports are to be believed, iOS 18 could headline this year's conference with a slew of artificial intelligence (AI) upgrades in line, but there's a lot more that could be introduced. From iOS 18 to Mac Studio, here's everything we expect to see this year at Apple WWDC 2024.
Artificial intelligence semiconductor powerhouse Nvidia kicked off its annual developer conference on Monday, with investors focused on new chip announcements from Chief Executive Jensen Huang in an afternoon keynote address.
NVIDIA's highly-anticipated GTC 2024 Conference is just days away, and the firm has given developers a sneak peek of its next-gen Blackwell AI GPUs.
Nvidia Corp.'s annual artificial intelligence conference is just days away and expectations are high for the semiconductor maker to deliver news that will sustain the blistering rally in its stock. “Nvidia GTC,” the company's graphics processing unit technology event, has quickly become a global AI conference for developers. It runs from March 18-21 in San Jose, California, with Chief Executive Officer Jensen Huang due to speak on the opening day. His comments may help Nvidia stock end a bout of volatility and resume its surge of more than 80% this year.
Goblin Stone, the debut title from Orc Chop Games, has two stories behind it. The narrative of the game itself is of innocent goblins turning the tables on the adventurers that so frequently invade their home, inverting a typical fantasy trope.
Nvidia has found itself on the receiving end of a class action lawsuit alleging copyright infringement by its artificial intelligence platform NeMo. The litigation poses an obstacle to Nvidia fully realizing its AI ambitions that have propelled its stock to unprecedented heights.
A Destiny 2 fan has based their guardian on the Silver Surfer after getting their hands on the game’s new Skimmer hoverboard. The hoverboards are the latest class of vehicles within Destiny 2 that gives gamers the ability to pull off stunts as they explore each of the planets within the solar system.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
While we were all blinded by the brilliance of the Fallout TV show trailer, it appears the upcoming Prime Video series was trying to heavily hint at the return of a major game faction – via this iconic location.
Nearly all Pokemon GO PokeStops from the University of the Pacific in Stockton, California are now gone, according to members of the local Pokemon GO community. Pokemon GO players are extremely confused by the situation, as the disappearance of PokeStops can stifle community growth and trainer progression in the area.
Xbox Game Pass has added PAW Patrol World to its content library. The open-world action adventure is the second March 2024 addition to Microsoft's subscription service, as well as the fourth-ever PAW Patrol game to join Xbox Game Pass.