Nvidia CEO Jensen Huang is under pressure to testify before Congress about the company's AI chip sales to China and the impact of export controls. Senator Elizabeth Warren accuses him of lobbying against tighter restrictions that aim to protect U.S. national security. Huang faces a no-win situation: defending Nvidia's China business risks criticism for enabling military tech, while supporting stricter controls could hurt Nvidia's market access and profits. This political battle could significantly affect Nvidia's growth in one of the largest AI markets, highlighting how U.S. policy decisions are becoming as crucial as technological innovation for the company.
SpaceX signed a $920 million monthly compute-leasing agreement with Google, granting access to about 110,000 Nvidia GPUs through mid-2029. This deal, revealed just days before SpaceX's IPO, includes an exit clause for Google if SpaceX fails to delive...
The Nasdaq dropped 4.1% on Friday, wiping out nearly a month of gains amid a tech stock selloff that also dragged the S&P 500 down 2.6%, ending its nine-week winning streak. Major tech companies like Intel, Oracle, and Nvidia saw significant declines...
Fidelity Investments offers a suite of disruptive thematic ETFs that actively invest in innovative sectors like technology, automation, AI, and cybersecurity. These ETFs, such as the Fidelity Disruptive Technology ETF (FDTX) and the Fidelity Disrupti...
Goldman Sachs projects annual AI capital spending to reach $765 billion by 2026 and $1.6 trillion by 2031, driving growth in AI-focused investment funds. Three active or active-leaning ETFs—iShares A.I. Innovation and Tech Active ETF (BAI), iShares F...
The upcoming SpaceX IPO, valuing the company near $2 trillion, is driving a rotation in the stock market from AI semiconductor leaders like NVIDIA, Broadcom, and Marvell to a wider range of blue-chip stocks. This shift is fueled by institutional inve...
