Nvidia stock nears record, AI powers TSMC, Big Tech goes nuclear: AI news

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Image for article titled Nvidia stock nears a record, AI powers TSMC, and Big Tech goes nuclear: AI news roundup — Graphic: Images: Jean-Luc De Zorzi, Chip Somodevilla, Neilson Barnard, VCG

This week, both Google and Amazon announced deals to support nuclear energy projects. Google and Microsoft (MSFT), which announced a nuclear power deal in September, said earlier this year that they are not on track to meet their climate goals, partly due to data centers. The interest in nuclear energy has sent some nuclear power stocks surging.

Read about this and more in the AI news roundup.

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A Sam Altman-backed nuclear power stock soared 150% in a month

nuclear reactors with smoke coming out the top against a blue sky — Nuclear reactors

As tech giants turn their attention toward nuclear power for artificial intelligence and data centers, one producer is seeing its shares surge.

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Nvidia stock nears a new record as AI demand drives a big TSMC earnings beat

Jensen Huang sitting in a chair with his hands together smiling in front of a purple backdrop — Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024 in Washington, D.C.

Shares of Nvidia (NVDA) briefly reached a new intraday high on Thursday after its Taiwanese chipmaking partner beat earnings expectations.

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A billionaire investor sold his Nvidia stock. It was a ‘big mistake,’ he says

Billionaire investor Stanley Druckenmiller admits he has made more than a few mistakes in his career. Selling his Nvidia (NVDA) shares earlier this year was one of them.

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TSMC stock is soaring and its AI-driven boom has ‘no end in sight,’ analysts say

TSMC logo at the 2023 World Semiconductor Conference in Nanjing, China.

Photo: VCG (Getty Images)

Taiwan Semiconductor Manufacturing Company (TSM) (TSMC), the world’s largest chipmaker, saw its profits soar 54% in the third quarter, driven by continued demand for its artificial intelligence-capable chips.

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JPMorgan Chase is winning the AI banking race — and its lead is getting bigger

JPMorgan Chase (JPM) held onto its spot as the artificial intelligence adoption leader in the banking sector.

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AI can alleviate poverty and cure depression — at least according to an AI executive

Anthropic AI is ready to solve all the world’s problems — if the company can raise billions of dollars.

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TSMC is making chips for Apple in the U.S.

Morris Chang and Tim Cook shaking hands, a blonde secret service woman stands blurry behind them and a blurry American flag is in the top right corner — Taiwan Semiconductor Manufacturing Company founder Morris Chang, left, and Apple CEO Tim Cook, right, at the TSMC facility under construction in Phoenix, Arizona, on December 6, 2022.

Taiwan Semiconductor Manufacturing Company (TSM) has reportedly started making its first chips for a major customer at its new fabrication plant in Arizona.

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Amazon is joining Google and Microsoft in going big on nuclear power

view of a walkway between racks and cables in a data center — AWS data center

Amazon (AMZN) is joining its artificial intelligence competitors in the race for nuclear energy.

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AI investing will take trillions from other funds, CEO says

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The AI chip wars could see the U.S. cap Nvidia and AMD exports

Jensen Huang wearing a black leather jacket standing in front of a backdrop that says GENERATIVE AI with a diagram underneath it — Nvidia CEO Jensen Huang during the Nvidia GTC on March 18, 2024 in San Jose, California.

The U.S. reportedly could cap sales of advanced artificial intelligence chips from U.S.-based chipmakers to certain countries, including those in the Middle East.

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Google is going nuclear to power AI

Google (GOOGL) is purchasing nuclear energy to support its power-hungry artificial intelligence projects.

Nvidia stock nears a record, AI powers TSMC, and Big Tech goes nuclear: AI news roundup

Plus, the Biden administration may cap exports of advanced AI chips to certain countries