Nvidia shares rise
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Stock Market Today: Nasdaq Surges on Nvidia Earnings
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The broader market mood wasn’t helped by mixed economic data and uncertainty around the Federal Reserve’s next move, especially after a canceled jobs report and signs of uneven labor-market conditions.
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 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.
Four people charged with illegally smuggling advanced Nvidia AI chips to China in $3.8 million scheme that violated U.S. national security export controls.
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.
Nvidia shares were initially up after an earnings report that included raised revenue guidance for the next quarter. But shares closed 3% lower.
The chip maker reported record revenue, beating Wall Street estimates and increasing current-quarter guidance.
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.