By Alexandra Alper (Reuters) -The Trump administration is considering greenlighting sales of Nvidia‘s H200 artificial intelligence chips to China, people familiar with the matter said, as a bilateral detente boosts prospects for exports of advanced U.S. technology to China. The Commerce Department, which oversees U.S. export controls, is reviewing a change to its policy of…
Nvidia’s NVDA beat-and-raise quarterly results have eased the market’s AI-centric worries for now, but the issue is unlikely to go away completely. The chipmaker has been a big beneficiary of the ongoing AI-focused spending surge, as it is Nvidia’s graphics processing units that are running the datacenters. The stock has lost ground as the aforementioned…
US officials are having early discussions on whether to let Nvidia sell its H200 artificial intelligence chips to China, according to people familiar with the matter, a contentious potential move that would mark a major win for the world’s most valuable company. US President Donald Trump’s team has held internal talks about H200 chip shipments…
More swings hit Wall Street on Friday, except the U.S. stock market finished higher this time. After bobbing up and down through the morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 493 points, or 1.1%, and the Nasdaq composite rose…
Stock markets crashed globally yesterday and this morning, even though Nvidia, the world’s most valuable company, delivered blowout, above-expectations earnings. The company’s shares declined 3.15% yesterday. And the bloodletting continued for the red-hot semiconductor maker today: Nvidia was down another 3% by midmorning’s trading. Still, the S&P 500 as a whole was flat by lunchtime,…
Four men have been indicted on federal criminal charges for allegedly planning a scheme to illegally export millions of dollars worth of restricted Nvidia chips to China and Hong Kong, bypassing strict US export controls designed to limit access to advanced AI and supercomputing technology, a report has said. Citing court documents, CNBC reported that…
Global stock markets sold off sharply this morning as investors continued to question whether the ‘Magnificent 7’ tech companies have fueled an unsustainable bubble in AI. The selling is brutal. Nasdaq 100 futures were down 0.36% this morning after losing 2.38% yesterday. S&P 500 futures were flat but volatile this morning, and the VIX volatility…
Global financial markets are nervous. We know this because Wall Street’s fear index, the VIX, surged 12 per cent overnight to 26 points. Tech rally fizzles out Wall Street investors have been on a rollercoaster ride overnight, with an early tech rally on Nvidia’s results soon replaced by a big sell-off, and the ASX set…
Federal authorities arrested four men for shipping contraband Nvidia chips, which are critical components for artificial intelligence companies. The men allegedly created an elaborate smuggling network that saw the chips shipped from Alabama through Malaysia and Thailand, and eventually to recipients in China, the Department of Justice announced on Thursday. The accused men failed to…
Two Chinese nationals and two Americans have been arrested for allegedly illegally exporting cutting-edge Nvidia chips with artificial intelligence applications to China, the Justice Department said Thursday. The two Chinese nationals are Cham Li, 38, residing in California, and Jing Chen, 45, who is on an F-1 nonimmigrant student visa and resides in Tampa, Florida,…