SLB is partnering with Nvidia to utilize their GPU technology for reservoir simulation, a move endorsed by Jim Cramer.

The entities involved

• SLB →

  oilfield services company

  • Key contractors SLB and Saipem are deployed in the Caspian Sea for a complex intervention project involving BORIS.Mon 15:52
  • Attacks on Iran are disrupting global oil trade, while El Niño conditions rise drought risks and impending Fed rate hikes affect currency markets.Sun 00:35
• Nvidia →

  American multinational technology company

  • Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34

Related events

• Nvidia is supplying GPUs for SpaceX's AI segment, while financial partners like Goldman Sachs mobilize capital for the AI buildout.Aug 17
• Nvidia hardware utilizing Ampere architecture is being used for Ethereum mining operations.Sep 14
• Groq is developing custom AI inference chips as a direct alternative to Nvidia's GPUs.Jul 6