All articles tagged with #shipping volumes
UPS shares fell sharply as the company cited ongoing economic volatility, trade policy impacts, and sluggish workforce reduction efforts, leading to uncertainty and a lack of full-year guidance, despite better-than-expected revenue in the recent quarter.
The Port of Los Angeles experienced its busiest June ever, with an 8% increase in container volume, driven by businesses rushing shipments ahead of upcoming tariffs and trade uncertainties, particularly related to US-China trade tensions and potential new tariffs scheduled for August. This surge reflects stockpiling and supply chain shifts as companies try to mitigate tariff impacts, but ongoing trade policy ambiguity continues to cause market volatility.
NVIDIA has reportedly shipped 900 tons of H100 AI GPUs in Q2 2023, which is estimated to be around 300,000 units. The figures indicate that NVIDIA is on track to reach its forecasted milestone of shipping 1.5 million to 2 million AI GPUs by 2024. The H100 GPUs have been dominating the AI space and have created a strong monopoly for NVIDIA, with competitors far behind in terms of shipping volumes.