President Trump announced a $2.4 billion funding commitment from leading tech companies including Nvidia, OpenAI, AMD, Anthropic, and Google to support AI-driven scientific research across 14 federal agencies. Nvidia leads with a $1 billion donation, followed by AMD's $500 million and OpenAI's $200 million. The funds will advance the Genesis Mission, launched in 2025, which aims to accelerate breakthroughs in energy, health, and space using AI technology. This initiative marks a significant collaboration between government and tech firms to enhance scientific innovation with artificial intelligence.
Nvidia shares are currently priced at USD 230.20 on Pluang, down 3.02% as of Oct 09, 2026 02:11 WIB. Alphabet Inc (Google) trades at USD 347.88, showing a smaller decline of 0.75% on the same date. These figures highlight the market's cautious stance on major tech stocks involved in the federal AI mission funding.
OpenAI revealed it achieved roughly $50 billion in annualized revenue by the end of September, which is lower than the $68 billion figure widely reported earlier. The higher figure included gross revenue from OpenAI's partners, making direct comparis...
Nvidia is using its strong cash flow to finance AI infrastructure by providing backstops and lending for data center construction, moving away from direct equity investments in AI startups. Its stakes in companies like OpenAI and Anthropic are small ...
CoreWeave, a company renting AI computing power, reported Q2 2026 revenue of $2.58 billion, up 112% year-over-year, with a backlog of $104 billion including major contracts from Meta and others. Despite a high debt-to-equity ratio of 8.94 and rising ...
Nvidia is expected to experience significant growth through 2027, driven by strong AI demand from its supply chain and cloud partners. The company’s record $150 billion share buyback and expansion of its software ecosystem, including the acquisition ...
Arm Holdings shares have jumped nearly 177% this year, driven by strong demand for its AI-focused CPUs and significant data center wins. Despite this rally, a price target model sets Arm's fair value at $284.70, about 6% below its current price of $3...
