15:55:54 EDT Sat 18 May 2024
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or Name
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CA



Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 7,950,000
Close 2024-02-22 C$ 27.32
Market Cap C$ 217,194,000
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Globe/NYT say Amazon, others trying to out do Nvidia

2024-02-22 07:49 ET - In the News

See In the News (C-AMZN) Amazon.com CDRs (CAD Hedged)

The Globe and Mail reports in its Thursday edition that Nvidia might be hogging the limelight when it comes to making chips for artificial-intelligence purposes, but giant cloud computing companies like Amazon, Google and Microsoft are designing their own AI chips to use in addition to Nvidia's. A New York Times dispatch to The Globe reports that Intel, which has long dominated the standard microprocessor chip industry but lags in AI, marshalled an array of partners and potential customers in Silicon Valley on Wednesday to discuss its plans to offer manufacturing services, which could boost industry capacity to build AI chips. The U.S. administration of President Joe Biden has raised another set of hurdles for Nvidia and other U.S. chip manufacturers, placing restrictions on their chip sales in China. Nvidia has responded by selling less-powerful versions of some products in the market. Still, the company said Wednesday that its sales to China had dropped to a mid-single-digit percentage of its data centre chip revenues, from 19 per cent in its 2023 fiscal year. Meanwhile, some experts worry that a global rollout of the company's pricey, power-hungry chips will overtax countries' power grids and budgets.

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