35 AI News and Ratings You Should Not Miss

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5. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. Jensen Huang, the CEO of the firm, on October 23 said that a design flaw with the latest Blackwell AI chips which impacted production had been fixed with the help of longtime Taiwanese manufacturing partner TSMC. News agency Reuters quoted the executive at the launch of a supercomputer in Denmark. Blackwell chips had to go into mass production in the second quarter of 2024 but were delayed by a few months, impacting hyperscale NVIDIA customers like Meta and Google. Huang had said earlier this year that the mass production of Blackwell would resume in the fourth quarter, bringing in billions of dollars in revenue for the chipmaker. Huang noted the Blackwell design flaw was 100% the fault of his firm, clarifying that seven different types of chips were designed from scratch and had to be ramped into production at the same time for Blackwell.

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