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Uber’s European Robotaxis Test Multi Partner Path To Long Term Gains
Simply Wall St.117d agoneutral
Uber’s European Robotaxis Test Multi Partner Path To Long Term Gains

Uber Technologies (NYSE:UBER) is launching commercial robotaxi pilots in Europe. Madrid will host a robotaxi service using WeRide vehicles on the Uber platform. Munich will see autonomous rides powered by Autobrains software and Nvidia hardware. Uber Technologies, trading at $70.38, is pushing deeper into autonomous ride hailing just as the stock has been under pressure, with the share price down 6.7% over the past month and down 15.1% year to date. Over a longer horizon, the stock is up...

Nebius And NVIDIA Lab Links AI Cloud Growth To Robotics Demand
Simply Wall St.117d agoneutral
Nebius And NVIDIA Lab Links AI Cloud Growth To Robotics Demand

Nebius Group (NasdaqGS:NBIS) has launched the Physical AI Living Lab with NVIDIA, described as a first of its kind program for robotics startups in the UK and Europe. The program offers access to advanced physical AI simulation tools, synthetic data, and Nebius's full stack AI cloud infrastructure. The announcement extends beyond previous coverage that focused on Nebius's UK capacity expansion and financial results. Nebius Group, listed as NasdaqGS:NBIS, is broadening its role in AI...

OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports
Reuters117d agoneutral
OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports

OpenAI is ‌in negotiations ‌to lease a ​proposed 10-gigawatt data center campus on federal ‌land ⁠in Ohio, in a ⁠deal that could include ​financial ​backing ​from Nvidia, ‌The Information reported on Tuesday, citing two people with ‌direct ​knowledge ​of ​the discussions. Reuters ‌could not immediately ​verify ​the report.

SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls
24/7 Wall St.117d agoneutral
SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls

The VanEck Semiconductor ETF (NYSEARCA:SMH) closed Friday at $599, capping a stretch in which SMH has returned roughly 146% over the past year and tacked on nearly 20% in May alone. SMH is up about 66% year to date, and the rally has been driven less by NVIDIA than most holders assume. Because the fund ... SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls

Nvidia (NVDA), SK Group to Announce Expanded AI and Semiconductor Partnership
Insider Monkey117d agobullish
Nvidia (NVDA), SK Group to Announce Expanded AI and Semiconductor Partnership

NVIDIA Corporation (NASDAQ:NVDA) is one of the most profitable growth stocks to buy. On June 7, Reuters reported that NVIDIA and SK are set to announce a new cooperation plan on Monday, following a meeting between NVIDIA CEO Jensen Huang and SK Group Chairman Chey Tae-won in Seoul. While specific details of the partnership remain […]

Bank of America aggressively revamps Oracle stock price target
TheStreet117d agoneutral
Bank of America aggressively revamps Oracle stock price target

Most people don't think about Oracle the way they think about Nvidia or Broadcom. It doesn't have the same flashy artificial intelligence (AI) narrative. It started as a CIA database project in 1977. For decades, it was the unglamorous but indispensable backbone of enterprise computing. Then the ...