Technology Shares Slip As Nvidia Pulls Back -- Tech Roundup
June 21, 2024 at 04:45 pm EDT
Share
Technology shares slid as Nvidia pulled back for the second session after topping the market capitalization charts earlier in the week.
Apple said it likely won't roll out AI features to millions of customers in Europe this year due to concerns over the EU's technology industry regulations. The Digital Markets Act enacted far-reaching restrictions on big technology companies and digital competition. One requirement was for interoperability, meaning developing software that could work across operating systems and hardware, making it easier for consumers to move their data or switch providers.
Write to Patrick Sullivan at patrick.sullivan@wsj.com
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (55.9%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (44.1%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (55.6%), gaming (33.6%), professional visualization (5.7%), automotive (3.4%) and other (1.7%).
Net sales are distributed geographically as follows: the United States (30.7%), Taiwan (25.9%), China (21.5%) and other (21.9%).
NVIDIA CORPORATION 
