The US has authorized about 10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com, to purchase Nvidia's H200 AI chips. The approval also covers intermediaries like Lenovo and Foxconn as distributors under US licensing rules. Although no chips have been delivered yet, each approved firm can buy up to 75,000 units. This comes amid US-China tensions over advanced semiconductor exports, with Nvidia CEO Jensen Huang visiting China to discuss potential shifts in the current trade impasse. The licensing framework may favor Nvidia over AMD due to its widely used CUDA software ecosystem.
US stock futures gained following a mixed market close and President Trump's approval of Nvidia's H200 AI chip sales to Chinese firms, although China has halted deliveries. Economic data showed a 0.5% rise in April retail sales and a slight increase ...
AMD CEO Lisa Su highlighted a shift in AI data centers where the CPU-to-GPU ratio is moving from 1:4 or 1:8 towards 1:1, favoring AMD's server CPUs. This change is driven by increased inference workloads that require more CPU power, expanding the ser...
Investors in AI-related stocks, especially semiconductors, are grappling with whether to cash in huge gains, hold, or buy more amid soaring prices and strong demand. While some tech giants like Nvidia have seen massive growth, contrarian investor Mic...
The US money supply (M2) has climbed back to $22.7 trillion, indicating expanding liquidity despite the Federal Reserve's rate hikes and quantitative tightening. This liquidity surge is helping push asset prices like stocks, gold, Bitcoin, and home p...
Tesla CEO Elon Musk and NVIDIA CEO Jensen Huang joined President Trump's delegation to Beijing on Air Force One, highlighting their companies' critical roles in US-China tech relations. Huang's presence followed a year of lobbying to ease AI chip exp...
