icon
icon
icon
icon
Upgrade
icon

Nvidia (NVDA.US) fell more than 5% as its dominant position came under threat.

AInvestTuesday, Jul 30, 2024 11:30 am ET
1min read

On Tuesday, shares of Nvidia (NVDA.US) erased early gains and fell more than 5% to $105.8. The news came after Apple Inc. released its first public preview of iPhone AI and then published a paper saying its AI model was trained on Google's TPU (tensor processing unit). The paper introduced the foundational language models developed to support Apple Intelligence features, including a 3 billion parameter model designed for efficient on-device running and a cloud-side large model based on private cloud computing.

The paper released by Apple said it trained its cloud-side AFM (Apple Foundation Model) on 8192 TPUs v4 chips, using a sequence length of 4096 and a batch size of 4096 tokens, for 6.3 trillion token training. The edge AFM was trained on 2048 TPUs v5p chips. Apple's decision suggests some large tech companies may be looking for alternatives to Nvidia's graphics processing units for AI training.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.