New York, US intelligence agencies have concluded that a Chinese businesswoman who developed a close relationship with Nvidia CEO Jensen Huang was a Chinese intelligence asset and funnelled information to Beijing, according to a New York Times report – China has dismissed the allegations as a “smear”. US intelligence agencies identify businesswoman close to Nvidia … Read more
Nvidia will invest $3 billion in Meta. The chipmaker announced the investment on Tuesday, October 27, as Meta increases its spending on artificial intelligence (AI) infrastructure. Nvidia and Meta expand their AI partnership as Nvidia plans a $3 billion investment in Meta. (REUTERS) Meta plans to raise $95 billion to fund AI investments. The social … Read more
Apple and Nvidia are among the biggest stocks weighing on the S&P 500. Apple and Nvidia may be competing again to become the world’s most valuable company, but the recent weakness in the biggest US stocks is holding back the broader stock market. Apple, Nvidia and other megacap stocks face pressure as AI spending fears … Read more
SpaceX reported strong third-quarter results on October 20, with its artificial intelligence (AI) business showing major growth. The company’s AI segment, called Super Intelligence (SI), was a key highlight of its latest results. SpaceX’s AI growth highlights opportunities for Nvidia and CoreWeave stocks. (AP Photo) SpaceX’s total revenue jumped 161% year over year to $14.6 … Read more
Nvidia has unveiled a new AI data center system called DSX POD that aims to help companies start using their artificial intelligence (AI) systems and earn revenue faster. The company wants to reduce the time customers spend waiting for their AI infrastructure to become operational. Nvidia unveils DSX POD to cut AI data center setup … Read more
The top donors to President Donald Trump’s White House ballroom project have come out. According to The Washington Postmany of the donors have had contracts with the federal government during Trump’s second term. A list obtained by The Washington Post shows who donated to President Donald Trump’s White House ballroom project. (AP Photo) The list … Read more
US chip stocks fell on Thursday as concerns over inflation and rising debt costs increased. Investors worried that higher inflation could lead to expensive borrowing, especially for companies spending heavily on artificial intelligence (AI) infrastructure. The concerns deepened the ongoing sell-off in chip stocks. Chip stocks fall as AI debt concerns and competition weigh on … Read more
Nvidia boss Jensen Huang and OpenAI chief executive Sam Altman are among tech leaders expected to attend a White House state dinner for Chinese President Xi Jinping next week, a US official said Friday. Nvidia, OpenAI CEOs to attend Xi dinner at White House “It’ll be a very popular and hot-ticketed event,” the official said … Read more
The U.S. Commerce Department took action on Sunday to close a potential loophole created a year ago that could have allowed companies to export some of the world’s most advanced chips, such as NVIDIA State-of-the-art Rubin and Blackwell processors, as well as AMD’s MI350x – for Chinese entities located abroad China. The Nvidia logo is … Read more
Democrats accused U.S. President Donald Trump of corruption on Friday after major stock market trades made in his name were revealed, although his son denied wrongdoing. Democrats accuse Trump of corruption in stock trading “Presidential corruption is a national security disaster,” Sen. Elizabeth Warren wrote on X . Warren mentioned buying shares of Nvidia, the … Read more