Nvidia CEO’s wealth approaches $120 billion as stock prices rise due to Saudi chip agreement.
(Reuters) – Jensen Huang, CEO of NVIDIA, saw his personal net worth increase to approximately $120 billion on Tuesday, up from $80 billion last year. NVIDIA has reportedly sold hundreds of thousands of AI chips in Saudi Arabia and has now achieved a market valuation of $3 trillion, following agreements to supply chips to AI […]
Trump administration reverses Biden’s AI chip export regulation
On Monday, the Commerce Department retracted the artificial intelligence rules established by the previous Biden administration that imposed limits on chip sales to many countries worldwide. The regulations were intended to come into effect shortly and were criticized for stifling innovation and adding burdensome regulatory requirements for businesses. Except for 18 US allies and partners, […]
Trump administration plans to remove AI chip export restrictions from the Biden era
A spokesperson for Commerce claimed that the proposed AI regulations by the Biden administration are excessively complex and overly bureaucratic, suggesting they could actually hinder innovation in the U.S. The spokesperson asserted, “We’re going to unleash American innovation and implement far simpler rules that ensure American control over AI.” This approach has raised eyebrows and […]
Nvidia and Anthropic Disagree on AI Chip Shipments to China
Nvidia and the AI startup Humanity are publicly disagreeing over upcoming U.S. chip export restrictions aimed at preventing advanced AI technology from reaching China. These restrictions are set to be implemented on May 15. In an unusual public altercation, Nvidia and Humanity have clashed regarding the new U.S. export rules, also referred to as the […]
Is Amazon.com (AMZN) the Most Profitable Blue Chip Stock to Buy Now? – Yahoo Finance
Recently I published the list Buy Now Most Profitable Blue Chip Stock. In this article, we will introduce Amazon.com, Inc. We’ll see where (NASDAQ:AMZN) plays against other most profitable blue chip stocks and buys now. Blue Chip Stocks are large and financially stable companies with strong market presence, consistent profitability and regular dividend payments. They […]
Apple 2025 MacBook Air 13-inch Laptop with M4 Chip is 9% off
New York Post may receive compensation or receive an affiliate committee if you click or purchase a link. Featured pricing is subject to change. Some deals aren’t too good. Anyone who thinks can smell the fish-like smell a mile away, and opposes the inevitable disappointment of catch. But some deals are too good and they […]
Nvidia CEO makes trip to China as House probes whether it violated chip sale rules
Nvidia boss Jensen Huang reportedly met with the founder of Deepseek on a surprise trip to Beijing on Thursday. A House committee has revealed an investigation into whether it violated strict export rules for sales to China. A meeting with Huang’s Deepseek boss Liang Wenfeng included a talk related to “New chip designs for Chinese […]
US stocks slump after Nvidia, AMD warn of charges over new chip export restrictions
Nvidia and AMD warned that new export restrictions on the Department of Commerce’s computer chip could cost billions of dollars. Nvidia said the new regulations will be hit by a $5.5 billion bill. Although major chip makers can apply for export licenses, there is no guarantee that they will be granted. This means you could […]
China Chip Traders Grumble that Trump Tariffs Sent Orders Plummeting
South China Morning Post (SCMP) On Tuesday, President Donald Trump’s tariffs pushed up prices and stopped ordering for computer products, which saw a sense of darkness settling down in China’s vast electronic market in Shenzhen. SCMP I spoke The distributor is in Huaqiangbei, a district of the high-tech hub city of Deep Shenzhen, specializing in […]
Europe markets open lower; chip firms tumble as ASML reports bookings miss – CNBC
CNBC Pro: “Stimulus Waves” are set to wash Germany – and these stocks can earn profits Between Germany’s new coalition agreement and the country’s recent fiscal U-turn, the stimulus is set to soar in Europe’s largest economy. The fiscal package set forth in Germany’s constitution in March includes long-standing debt regulations changes, paving the way […]