Cursor has entered discussions to secure $2 billion in a new funding round that could value the AI developer tools startup north of $50 billion, up from a $29.3 billion post-money valuation in November 2025. Existing investors including Nvidia and Andreessen Horowitz are expected to co-lead the round, underscoring strong confidence in the company’s autonomous coding platform.

SK Hynix has begun mass production of 192 GB memory modules tailored for Nvidia’s upcoming Vera Rubin AI servers to alleviate mounting data-transfer bottlenecks in large-scale model training. The ramp in output aims to match growing hyperscale demand and ensure Nvidia’s next-generation platform launches without supply delays.

Google and Marvell Technology are collaborating on a memory processing unit and a custom TPU for AI inference tasks, with chip designs expected to finalize next year ahead of test production. This partnership represents a strategic push by Google to diversify beyond Nvidia GPUs and bolster its in-house AI hardware offerings.

The Philadelphia Semiconductor Sector Index has surged 30% over the past 13 days, driving Nvidia shares up 22% in April and lifting the company to a 52-week high. However, futures tied to Nvidia dipped about 1.5% after broader tech contracts fell on renewed geopolitical uncertainty following stalled U.S.-Iran talks.