NVIDIA

After a broad sell-off triggered by interest-rate and inflation worries from rising oil prices, US chip stocks are showing signs of recovery with premarket gains for NVIDIA and other names. Supporting the move is persistently strong AI demand, evidenced by record revenue at TSMC and robust cloud sales at Oracle. Further directional cues will come from Micron's quarterly results at the end of September and the upcoming Fed meeting, which could either heighten or ease rate fears. » More on finanzen.net

CEO Jensen Huang said at the Goldman Sachs conference that cybersecurity will be the next major AI business area because AI can both write code and find vulnerabilities and defense must be automated. Nvidia already provides products such as the Nemotron-based defense system SafeMind and the network chip Vera BlueField-4 STX, which supply telemetry and models for security applications. Revenue drivers remain chips and data centers for now; security revenues will initially be generated by providers like CrowdStrike and Palo Alto, and Nvidia expects substantial revenue growth by 2028 while gross margin will be under short-term pressure. » More on deraktionaer.de

Jensen Huang said at the Goldman Sachs conference that cybersecurity will be the next major AI use case and could automatically detect and close software vulnerabilities. NVIDIA is expanding its security ecosystem through partnerships with CrowdStrike, Cisco and Palantir and is acquiring Hugging Face for about 12.93 billion US dollars. The stock came under pressure on the Nasdaq, but analysts remain mostly positive with median price targets around 324.3 US dollars. The next quarterly date on November 25 is seen as an important barometer for the growth impact of the new strategy. » More on finanzen.net