AI, Nvidia
Digest more
Nvidia, stock market
Digest more
Asian chip stocks fell in early trading, tracking Nvidia's losses in the U.S., despite the American AI chip darling posting strong third-quarter earnings.
Analysts upgraded their outlooks for Nvidia stock on Thursday after a big earnings report from the AI chip maker.
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.
3hon 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).
The chip maker reported record revenue, beating Wall Street estimates and increasing current-quarter guidance.
U.S. technology stocks failed to hold on their initial gains on Thursday, as a rally driven by Nvidia ran out of steam with concerns of lofty valuations in the technology space coming back to the fore.
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.