Palantir is an AI-powered data analytics company serving both government and commercial customers, and its growth – which was already powerful – accelerated in the quarter. It's an Nvidia partner and incorporates Nvidia's graphics processing units (GPUs) and other tech into its AI-driven platform.

What was pitched as the biggest computing project in history is now facing delays, internal skepticism, and growing competitive pressure.

Nvidia’s sales of H200 AI chips to China are still awaiting final approval from Washington nearly two months after Donald Trump greenlit exports, as the US government conducts a national security review before granting licences to Chinese customers.

To account for this, Nvidia bought Groq (no, not Grok), the AI chips startup reportedly eyed by OpenAI, in its largest purchase ever. Then, last month, Nvidia unveiled its new Rubin platform, with a presentation that boasted inference and memory bandwidth wins.

Nvidia Corp. Chief Executive Officer Jensen Huang said that the massive build-out of artificial intelligence capacity, which is currently straining the power grid in many locations, will eventually lead to cheaper energy costs.

Micron is an industry leader in high-bandwidth memory (HMB) chips.