Nvidia, AI
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1hon MSN
Nvidia CEO urges improved US-China trade relations amid AI chip ban: 'Significant source of revenue'
Nvidia CEO Jensen Huang is urging the U.S. and China to improve trade relations, arguing that access to the Chinese market is essential for American competitiveness in artificial intelligence (AI).
Nvidia’s third-quarter earnings beat initially alleviated AI-bubble fears, but tech stocks slipped as markets digested economic data.
Nvidia shares were initially up after an earnings report that included raised revenue guidance for the next quarter. But shares closed 3% lower.
The CEO of an Alabama AI infrastructure company has been accused of selling Nvidia GPUs for illegal exports.
Nvidia has soothed worries about AI demand for now, and dispelled fears of a bubble bursting. Investors piled into tech and AI names after its Q3 results.
Prosecutors have accused Brian Raymond, founder of AI infrastructure and consulting company Bitworks, and three others of selling coveted Nvidia chips to unspecified Chinese companies.
The chip maker reported record revenue, beating Wall Street estimates and increasing current-quarter guidance.