Stock futures edged up on Sunday evening as Wall Street looks ahead to another big week that will feature earnings from AI chip leader Nvidia and another inflation update. Markets are coming off a monster rally on Friday, when Federal Reserve Chairman Jerome Powell opened the door to a rate cut next month. Futures tied to…
Nvidia is halting production of an artificial-intelligence chip it developed for China after the government in Beijing told companies not to buy it, the latest twist in the U.S.-China tech war centered on the $4 trillion chip designer. PREMIUM Nvidia CEO Jensen Huang has been jockeying between the U.S. and China chip markets as the…
Stocks ended the week in rally mode after Federal Reserve Chair Jerome Powell opened the door for a September interest rate cut. In the week ahead, earnings from Nvidia (NVDA) will see the world’s largest company and AI leader test a summer rally that has stocks back near record highs. After slump earlier in the…
When Nvidia CEO Jensen Huang revealed Friday that the company is working with the Trump administration on a new computer chip designed for sale to China, it marked the latest chapter in a long-running debate over how the U.S. should compete with China’s technological ambitions. The reasoning has sometimes changed — with U.S. officials citing…
A technical change in the latest model from Chinese artificial intelligence start-up DeepSeek could be a big step towards achieving China’s goal of AI self-sufficiency, as it shows a new level of coordination between local model developers and hardware makers, according to analysts and industry insiders. This week, the Hangzhou-based AI lab said its new…
Investors holding their breath for a rate cut may soon get their wish. Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole this morning has sent stocks flying. Bulls who were hoping Powell would finally come around to the view of cutting interest rates in September were fed a hint. While Powell noted that…
Nvidia (NVDA) is working with the US government to bring a follow-up to its H20 chip to China, CEO Jensen Huang told reporters while traveling in Taiwan. The new chip would be based on Nvidia’s Blackwell architecture but not as powerful as the B200 AI processor the company sells to US companies and abroad. “I’m…
The Hangzhou-based start-up’s cryptic one-line post on WeChat triggered online discussions about which AI chip supplier, or suppliers, would unveil this breakthrough, even as US tech restrictions remain in place. DeepSeek’s post on Thursday said the “UE8M0 FP8 scale” of its V3.1 AI model was particularly designed “for home-grown chips to be released soon”. Apart…
A technical change in the latest model from Chinese artificial intelligence start-up DeepSeek could be a big step towards achieving China’s goal of AI self-sufficiency, as it shows a new level of coordination between local model developers and hardware makers, according to analysts and industry insiders. While DeepSeek did not specify the vendor of the…
Nvidia Corp. (NASDAQ:NVDA) shares slipped on Friday after reports surfaced that the company has halted work on its H20 artificial intelligence chip for China, just as domestic rival DeepSeek unveiled a new model optimized for local processors. The developments underscore mounting headwinds for Nvidia in a critical market where Beijing is accelerating efforts to reduce…