SanDisk's stock surged about 426% year-to-date in 2026, becoming the best performer in the S&P 500, driven by rising demand for AI-related memory storage. This contrasts with Nvidia, which, despite leading AI accelerators and strong revenue growth, saw a modest 6.4% gain in 2026 so far. Investors are favoring SanDisk as a pure play on the AI-driven storage shortage, reflecting a rotation within the AI sector from compute to memory. Nvidia's upcoming earnings report on May 28 remains a key event to watch for further market moves.
Taiwan prosecutors have detained an Nvidia employee amid an investigation into the smuggling of advanced AI servers powered by Nvidia chips into China, violating US export controls. The suspect, identified only by surname Chang, was questioned and de...
Anthropic CEO Dario Amodei clarified that his company does not support banning open-weight AI models, countering industry rumors. He emphasized that open-weight models without dangerous capabilities are beneficial public goods that aid businesses and...
Anthropic CEO Dario Amodei clarified that his company does not support banning open-weight AI models, which users can download and modify. This statement follows a coalition of tech firms urging policymakers to avoid premature restrictions on such mo...
Jim Cramer cautioned investors about Nvidia's reported $250 billion backstop for OpenAI's AI data center, comparing it to risky financing deals from the dot-com bubble era. While Nvidia remains strong, Cramer warned that suppliers financing customers...
Nvidia is reportedly negotiating to provide a $250 billion financing package for a massive OpenAI data center project in Ohio, part of a $500 billion development led by SoftBank's energy subsidiary. This deal would help OpenAI lease a 10-gigawatt fac...
