The Nvidia GTC AI Conference and FedEx Freight spin-off lead global market watch. Nvidia shares jumped 6% on GTC Taipei news, with Bank of America setting a price target of $350. Nvidia's CEO warned of persistent supply constraints amid a global surge in AI chip demand.
CEO Jensen Huang highlighted that the gap between surging demand and production capacity remains a key challenge, potentially capping near-term growth velocity.
Read the full storyCEO Jensen Huang introduced the RTX Spark chip for AI-powered laptops and the DSX playbook to establish industrial-scale AI factories.
Nvidia partners with MediaTek to launch RTX Spark Superchips for Windows PCs, with Dell and Lenovo set to debut compatible hardware this fall.
Nvidia prepares to unveil new technologies at its annual GTC conference, while FedEx completes the spin-off of its freight unit to sharpen its core business focus.