Nvidia and AMD Lead Tech Innovation: New AI Chips Announced at Computex 2024

Taiwan, Taiwan Taiwan, Province of China[a]
AMD also made announcements about new artificial intelligence chips for next-generation laptops and desktops at Computex 2024.
Both Nvidia and AMD are expected to drive innovation and growth in the industry.
Nvidia Corporation announced plans for a most advanced AI chip platform called 'Rubin' at Computex 2024.
Nvidia and AMD Lead Tech Innovation: New AI Chips Announced at Computex 2024

In the world of technology and innovation, May 2024 proved to be a significant month for investors. The three major averages - S&P 500, Nasdaq Composite, and Dow Jones Industrial Average - all posted their sixth positive month in seven. Among these, the Nasdaq Composite shone the brightest with a gain of 6.9%. However, despite closing close to all-time highs at the end of May, there was little fear baked in and sentiment remained optimistic.

The first week of June brings economic updates that are highly anticipated by investors. On Monday, manufacturing data is set to be released, while a key jobs report is scheduled for Friday. In the meantime, tech giants continue to make headlines with their latest innovations.

One such company leading the charge is Nvidia Corporation. At the Taiwan Computex trade show on May 31, 2024, CEO Jensen Huang announced plans for a most advanced AI chip platform called 'Rubin', set to be launched in 2026. This announcement came just three months after the release of their previous model.

Another tech giant, Advanced Micro Devices (AMD), also made waves at Computex with its own new artificial intelligence chips for next-generation AI laptops and desktops. The competition between these two tech giants is expected to drive innovation and growth in the industry.

Despite the optimistic sentiment, it's important to remember that all claims should be met with a healthy dose of skepticism. As a responsible journalist, it's crucial to provide readers with accurate and unbiased information. In this rapidly changing technological landscape, staying informed is key.


Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image

Confidence

85%

Doubts
  • It is unclear how AMD's new AI chips compare to Nvidia's offerings.
  • The exact specifications and capabilities of Nvidia's Rubin AI chip have not been disclosed.

Sources

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

S&P 500 rises to start the new month as Nvidia shares gain: Live updates

CNBC News Brian Evans, Sunday, 02 June 2024 22:06
  • Unique Points
    • Nvidia ticked more than 3% higher after announcing new AI chips.
    • Nasdaq rose 6.9% in May, its best month since November 2023.
    • Despite the S&P 500 and NDX closing close to all-time highs on Friday, there is little fear baked in and sentiment looks optimistic.
    • First week of June is brimming with economic updates including manufacturing data on Monday and a key jobs report on Friday.
    • Nvidia announced new AI chip model called Rubin and plans to release new AI chip models on a one-year rhythm.
  • Accuracy
    • S&P 500 rose on Monday with a gain of 0.4%.
    • Nasdaq Composite gained 0.7%.
    • Dow Jones Industrial Average traded 13 points lower.
    • The Nasdaq rose 6.9% in May, its best month since November 2023.
    • S&P 500 opened higher with shares of Nvidia also climbing to start the first week of June trading.
    • Spotify announced it will raise prices for Spotify Premium subscriptions in the U.S. starting in July.
    • MarineMax is being bought by OneWater Marine for $40 a share in cash.
    • Cava slipped nearly 2% following a downgrade by JPMorgan to neutral from overweight.
    • Ed Yardeni expects the S&P 500 to finish 2024 at 5,400; 2025 at 6,000; and 2026 at 6,500.
    • Waste Management will acquire Stericycle for $7.2 billion.
    • GameStop shares were up more than 74% amid speculation that Keith Gill could have a big position in the video game retailer.
    • India stocks hit intraday record highs with Nifty 50 index rising about 3% and S&P BSE Sensex Total Return index last up about 2.6%.
    • China’s manufacturing activity expanded at its fastest pace in nearly two years, clocking its fastest pace since June 2022.
    • South Korea’s manufacturing activity expanded at its fastest pace in nearly three years in May.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains several examples of appeals to authority and inflammatory rhetoric. The authors make predictions about the market without providing evidence to support their claims, which is a logical fallacy. Additionally, there are examples of dichotomous depictions in the article as it presents only two sides of an argument without considering alternative viewpoints.
    • Despite the S&P 500 and NDX closing close to all-time highs on Friday, with technicals still stretched, little fear baked in, and sentiment looking optimistic, we're sticking with our call for volatility to pick up over the summer.” Wolfe Research chief investment strategist Chris Senyek wrote on Monday.
    • The market is still in the beginning stages of the bull market... I think it’s actually fairly early on... Some people are talking about it being midcycle … or getting near the end of the story, but I don’t think that’s the case.
    • The first week of June is brimming with economic updates, including manufacturing data on Monday and a key jobs report on Friday.
    • India currently has the fourth largest stock market in the world... Javier Ghersi | Moment | Getty Images Stock gauges in India hit intraday record highs, with the Nifty 50 index rising about 3% and the S&P BSE Sensex Total Return index last up about 2.6%.
    • South Korean President Yoon Suk Yeol reportedly told a news conference that there is a “very high” possibility for the area to contain as much as 14 billion barrels of oil and gas.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

5 things to know before the stock market opens Monday

CNBC News Michele Luhn Monday, 03 June 2024 11:13
  • Unique Points
    • Nvidia unveiled its next generation of AI chips, called 'Rubin'.
    • CEO Jensen Huang has pledged to release new AI chip technology on a one-year basis.
    • AMD announced its own new artificial intelligence chips for next-generation AI laptops and desktops.
  • Accuracy
    • The Nasdaq rose 6.9% in May, its best month since November 2023.
    • Nvidia announced new AI chip model called Rubin and plans to release new AI chip models on a one-year rhythm.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (90%)
    The article contains some inflammatory rhetoric and appeals to authority, but no formal fallacies or dichotomous depictions. The author references various sources for specific information about the stock market, AI chip market, OPEC's oil production cuts, GameStop shares, and Ford's new technology campus.
    • The artificial intelligence chip market is in a frenzy.
    • The Organization of the Petroleum Exporting Countries and its allies...has extended its collective crude production cuts into 2025.
    • GameStop shares saw a huge rally, yet again, on speculation that Keith Gill...could have a huge position in the video game retailer.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Futures: Nvidia, AMD Tout AI Plans Over Next Two Years

Investors.com Financial News Site Analysis - Comprehensive Report on Market Coverage and Analysis - Overall Rating: 90/100 (Highly Reliable, Informative, and Engaging Source of Financial Information). Investor's Business Monday, 03 June 2024 12:26
  • Unique Points
    • Nvidia and AMD CEOs announced plans for artificial intelligence chips at Computex 2024.
  • Accuracy
    • Nvidia ticked more than 3% higher after announcing new AI chips.
    • AMD announced its own new artificial intelligence chips for next-generation AI laptops and desktops.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock Market Today: Dow Opens Flat; S&P 500 Up; GameStop, AMC, Nvidia, DJT, Paramount, and More Movers; Treasury Yields Fall

Barron's Financial Group Monday, 03 June 2024 13:58
  • Unique Points
    • GameStop shares rose 64% after a Reddit account linked to Keith Gill posted a screenshot of a large position in GameStop stock and options.
    • Nvidia’s stock is up 4.1% after CEO Jensen Huang revealed plans for a most advanced AI chip platform to be launched in 2026.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication