Fed members disagreed about further rate cuts, Kevin Warsh aims to remake the central bank, tech earnings are around the corner, and more news to start your day.
The US has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates. The Commerce Department's Bureau of Industry and Security recently issued the Nvidia export licenses under the terms of a bilateral AI agreement hashed out in May, according to people familiar with the matter.
The United States has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday, citing people familiar with the matter.
NVIDIA stands as the core of the AI infrastructure revolution, evolving far beyond a traditional chip company. NVDA's vertically integrated ecosystem, CUDA software, and strategic partnerships create a formidable moat and high switching costs for developers. Financially, NVDA boasts 56% YoY revenue growth, strong margins, and robust guidance, making bearish arguments difficult to sustain.
Elon Musk's artificial intelligence startup xAI is raising more financing than initially planned, with a boost from partners including Nvidia. Bloomberg's Carmen Arroyo joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
Demand for artificial intelligence is booming and only just getting started, according to Nvidia CEO Jensen Huang.
The Nvidia CEO says he doesn't think the U.S. is far ahead of China in AI development, while President Donald Trump has suggested no other country poses a serious threat to the U.S.'s lead.
This wasn't going to be one of those eventful weeks for economic data anyway. Aside from a delayed Trade Deficit and sure-to-be-postponed Weekly Jobless Claims and Inventories numbers later in the coming days, the federal government shutdown which began last week hasn't impeded much data so far, at least for this week.
Tom White and Diane King Hall set up Wednesday's trading day with a look at Gold. The precious metal has continued to hit new all-time highs this week, as it pushed above $4070.
xAI reportedly is looking to raise $20 billion — with Nvidia as one of the investors.
Nvidia CEO Jensen Huang sits down with 'Mad Money' host Jim Cramer to talk the state of the AI and semiconductor landscape, competition in the space, President Trump, and much more.
Elon Musk's xAI is raising more financing than initially planned, including an equity investment from Nvidia , to bring its ongoing funding round to $20 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.