Nvidia is at the forefront of building sovereign AI infrastructure for nations, with a business that is rapidly growing and becoming a significant revenue driver. Sovereign entities are investing heavily in AI technology, with the EU planning to spend 20 billion euros on AI factories. Nvidia’s GPUs dominate the market for AI chips, making them a top choice for countries developing their own AI capabilities. This business is expected to bring in over $20 billion in revenue, accounting for around 9.7% of Nvidia’s total revenue. Nvidia’s strong relationships with sovereign entities are expected to lead to other business opportunities and long-term growth. 1. The FDA has approved Pfizer’s COVID-19 vaccine for children ages 12-15, making it the first vaccine authorized for this age group in the United States. Clinical trials showed the vaccine to be 100% effective in preventing symptomatic infections among this demographic.

2. The Colonial Pipeline, one of the largest fuel pipelines in the United States, was hit by a cyberattack, causing widespread gas shortages and price hikes. The FBI has identified the group responsible as DarkSide, a criminal organization based in Eastern Europe.

3. In economic news, the U.S. added 266,000 jobs in April, falling far short of the 1 million jobs economists had predicted. This disappointing report has raised concerns about the pace of the economic recovery following the COVID-19 pandemic.

Read more at 1. “Stocks Surge on Positive Economic Data” – finance.yahoo.com
2. “Unemployment Rate Drops to 5%” – finance.yahoo.com
3. “Tech Giants Report Record Profits” – finance.yahoo.com
4. “Federal Reserve Announces Interest Rate Hike” – finance.yahoo.com
5. “Oil Prices Reach 3-Year High” – finance.yahoo.com: Nvidia Has a Brilliant AI Business Poised to More Than Double Revenue to $20-Plus Billion This Year, Yet It Gets Little Coverage