Nvidia stock closes up 7.87% after Jensen Huang said the tech industry's surging capex for AI infrastructure is justified, appropriate, and sustainable
Kif Leswing /CNBC:
For the first time since 2002, Nvidia ended a trading day with a bigger market value than Amazon, as its market cap reached $1.78T, fueled by the AI boom
Kif Leswing / CNBC :
Sensor Tower: ChatGPT iOS app downloads and Bing app downloads in the US were down 38% MoM in June 2023; Bank of America: visits to ChatGPT were down ~11% MoM
Kif Leswing / CNBC :
Piper Sandler survey of 5,690 US teens in February: 29% owned a VR device, but of those, 14% used it weekly, flat compared to fall 2022, and 4% used it daily
Kif Leswing / CNBC :
A look at the Nvidia A100, a ~$10K GPU that has become a critical tool for generative AI; Nvidia has an estimated 95% market share of machine learning GPUs
Kif Leswing / CNBC : Tweets: @nightingale_p , @stagefright__ , and @sarbjeetjohal Tweets: Paul Nightingale / @nightingale_p : AI infrastructure isn't cheap. Making chips isn't easy. $80bn on upgradin...
Sensor Tower: Apple's App Store net revenue fell by around 5% in September, the steepest drop since 2015, as gaming revenue declined by 14%
Kif Leswing / CNBC :
Apple says it will reopen about 100 more stores in the US this week, some allowing walk-in customers; by week's end about 130 out of 271 US stores will be open
Kif Leswing / CNBC :
Sources: Apple Music has been growing at a monthly rate of 2.6% to 3% and had 28M US users in Feb., compared to Spotify's 26M US users and growth of 1.5% to 2%
Apple Music overtakes Spotify … Yoni Heisler / BGR : Apple Music now has more subscribers in the US than Spotify Jack Purcher / Patently Apple : The Momentum is Shifting as Apple Music overtakes Spoti...