Samsung Electronics just did something no company has done before. Its operating profit last quarter came in roughly 19 times what it was a year ago, revenue more than doubled to a record, and the bottom line landed above both NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and Apple (NASDAQ:AAPL).
AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's new central processing units, as the chip giant works to broaden its market and take on entrenched players such as Intel and Advanced Micro Devices.
The artificial intelligence investment story is beginning to evolve beyond chatbots and data centers, with an increasing number of strategists and technology leaders pointing to robotics, autonomous vehicles and humanoid machines as the next frontier for long-term growth. While generative AI has dominated markets over the past two years, investors are increasingly exploring what many describe as "physical AI" — AI systems capable of interacting with and navigating the real world.
Jim Cramer went on CNBC's Squawk on the Street Tuesday morning to defend the memory names getting hammered after South Korea's market dropped nearly 5% overnight.