Nvidia CEO Jensen Huang said in an interview on Tuesday that it would be a "tremendous loss" to be blocked from China's AI market. The Trump administration restricted the shipment of Nvidia's H20 chips to China without a license last month, leading to a $5.5 billion quarterly charge.
Shares of NVIDIA Corp. (NASDAQ: NVDA) lost 0.79% during a.m.
Nvidia shares have suffered under the threat of chip tariffs but the focus will turn to its coming earnings on May 28.
Some investors who didn't buy artificial intelligence (AI) stocks last year may have worried that they missed their chance. Many of these stocks had soared, with valuations reaching sky-high levels, on optimism the technology would be the next big game changer -- as the internet was many years ago.
Nvidia is ramping up the artificial intelligence (AI) arms race, unveiling more than 70 research papers showing how the fast-evolving technology can perform in real-world settings that go far beyond text and images.
Banking giant Piper Sandler has revised its outlook on Nvidia stock (NASDAQ: NVDA) for the next 12 months.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is said to be considering adding Bitcoin (BTC) to its corporate balance sheet, according to X commentators. While the semiconductor giant has not publicly confirmed any such plans, speculation about potential cryptocurrency adoption has stirred interest across both equity and digital asset markets.
Following Nvidia (NASDAQ: NVDA) stock's strong rally in the early days of May, short sellers have taken to growing their bearish bets, with the NVDA short volume ratio rising to two-week highs at 54.48 on Friday.
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A U.S. lawmaker plans to introduce legislation in coming weeks to verify the location of artificial-intelligence chips like those made by Nvidia after they are sold.
Nvidia stock has climbed after technology companies Microsoft, Meta Platforms and Amazon.com said they would keep spending heavily on AI infrastructure.
For the last two and a half years, the technology sector has witnessed an abnormal level of interest compared to other industries. By no stretch of the imagination, this dynamic is connected to unrelenting euphoria surrounding artificial intelligence (AI).