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Nvidia revenues up 80% from ‘amazing’ demand for AI chips

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Nvidia has reported a significant surge in revenue, jumping nearly 80% year-over-year, driven by strong demand for its AI-focused microchips. The company’s earnings for the fourth quarter of its fiscal year 2025 exceeded Wall Street estimates, with total revenue reaching $39.3 billion. This marked a 12% increase from the previous quarter and far surpassed analyst projections of $37.72 billion. CEO Jensen Huang attributed the growth to the rapid advancement of AI technologies, particularly in high-performance computing and machine learning applications.

The data center segment played a crucial role in Nvidia’s revenue increase, accounting for over 90% of total earnings. Revenue from this division rose 93% year-over-year to $35.6 billion, reflecting the growing importance of AI in various industries. Nvidia’s latest Blackwell chip, designed for AI and machine learning, has seen high demand, further solidifying the company’s dominance in the AI hardware market. Huang emphasized that AI is developing at an unprecedented pace, setting the stage for transformative changes across multiple sectors.

Nvidia’s stock price responded positively to the earnings report, closing up 3.67% at $131.28 on February 26. However, after-hours trading saw a slight decline of 1.49% to $129.32. The company’s stock remains below its all-time high of over $147, which was reached in November. Market volatility in the AI sector has been evident, especially after Nvidia experienced a historic single-day value drop in January, shedding nearly $600 billion in market capitalization following concerns over competition from Chinese AI firms.

Amidst Nvidia’s AI-driven success, other tech giants are ramping up their AI investments. Microsoft has expanded its AI operations, while Bitcoin mining companies have begun leveraging their infrastructure for AI computing. Analysts suggest that reduced AI spending could help stabilize inflation, potentially influencing U.S. Federal Reserve policies. As AI adoption accelerates, Nvidia remains at the forefront of the sector, positioning itself as a key player in the ongoing technological revolution.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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