NVIDIA

• Artificial intelligence chips from AMD are about 80% as fast as those from Nvidia, with a future path to matching their performance, according a Friday report by an AI software firm.
• MosaicML found AMD's chip could get 80% of the performance of Nvidia's chip, thanks largely to a new version of AMD software released late last year and a new version of open-source software backed by Meta called PyTorch that was released in March.

Nvidia CFO Colette Kress downplayed the effect of the potential export restrictions at a financial conference on Wednesday, saying that they would not have an “immediate financial impact” on the surging chipmaker.

• The Bureau of Industry and Security, part of the U.S. Department of Commerce, is playing an outsize role in dealing with semiconductor export controls to China.
• In 2021, Commerce Secretary Gina Raimondo described the BIS as the “small but mighty” agency at the center of federal national security efforts.
• The agency’s decisions could have a significant effect on Nvidia’s business.

• AMD said its forthcoming most-advanced GPU for artificial intelligence, the MI300X, will start shipping to some customers later this year, the company said on Tuesday.
• AMD’s announcement on Tuesday represents the strongest challenge to Nvidia, which currently dominates the market for AI chips.

• Nvidia hit a $1 trillion market cap at the start of trading Tuesday
• Nvidia shares are trading at around $409.
• The company needed to hold above $404.86 to open at the trillion-dollar valuation.