AI, NVIDIA
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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).
The stock market’s early rally fizzled by the afternoon, with the S&P 500 swinging from a nearly 2% gain to a slight selloff by midday. Nvidia, which initially jumped after reporting strong earnings, reversed 1% into the red along with the rest of the megacap AI trade.
The CEO of an Alabama AI infrastructure company has been accused of selling Nvidia GPUs for illegal exports.
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.
Michael Burry of "The Big Short" fame once again went after Nvidia over its chips' longevity, its stock dilution, and "give-and-take deals" in AI.
The chipmaker at the center of the artificial intelligence boom reported blowout results. But that hasn’t resolved some key questions behind the tech rally.
The strong guidance was probably the most significant catalyst for Nvidia stock's upward move. It's an indication that the outlook for the AI market in general remains robust. In
Nvidia Corporation’s strong Q3 results eased AI bubble fears, confirmed demand outpacing supply, and hint at China upside. Click for this NVDA earnings update.