NVIDIA manufactures integrated circuits for use in motherboard chip-sets, graphic processing units, and game consoles.
Nvidia Corporation is an American worldwide technology company based in Santa Clara, California. Nvidia manufactures graphics processing units (GPUs), as well as system on a chip units (SOCs) for the mobile computing market. Nvidia’s primary GPU product line, labeled “GeForce”, is in direct competition with Advanced Micro Devices’ (AMD) “Radeon” products.
Many companies are trying to inculcate more internet based features in their products but Nvidia is one company that is opting for a different approach. Internet involvement doesn’t only mean to use internet based technology, or sensors for data tracking rather it also involves making the devices to perform complex actions more quickly. This is exactly where NVIDIA outshines its competitors.
The Internet of things that Nvidia will be using would connect user’s car, home utilities and billions of things that were not connected before to the Internet. In the case of cars it means that along with connecting to the Internet, the cars would also drive themselves, this is what NVIDIA is heading towards.
The appellate court ruled that investors had sufficiently alleged Nvidia knowingly or recklessly made false statements.
Other amicus briefs have also been filed in support of Nvidia investors.
The US semiconductor-related stock prices tumbled in the past 24 hours on reports of regulatory oversight, thus impacting the entire AI-related crypto projects.