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The Latest Breaking News from Nvidia

Global stocks in meltdown as Wall Street bails out of crypto and AI: ‘The bubbly is on ice’

Nvidia’s blowout earnings call—which came in way above expectations—simply wasn’t good enough to convince traders that AI may not be overcooked.

Fortune

Four Americans charged with smuggling Nvidia GPUs and HPE supercomputers to China face up to 200 years in prison —$3.89 million worth of gear smuggled in operation

U.S. prosecutors say an Alabama entrepreneur and three partners smuggled more than $3.89 million worth of restricted Nvidia GPUs and HPE supercomputers to China through Hong Kong, Malaysia, and Thailand.

Tom’s Hardware

Did Intel Poach Taiwan Semiconductor Know-How? CEO Calls Rumors 'Speculation'

Intel Corp. (NASDAQ:INTC) is working to reclaim semiconductor leadership as its rivalry with Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) intensifies across the global chip supply chain.

Benzinga

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ARC Raiders CurrentQueue Fence D3DFence Crash Fix

Suffering from the UE-PioneerGame CurrentQueue.Fence.D3DFence ARC Raiders error? You’re not alone. Among many other things, ARC Raiders has been praised

Pro Game Guides

S&P Futures Climb on Fed Rate-Cut Hopes, U.S. PMI Data in Focus

December S&P 500 E-Mini futures (ESZ25) are trending up +0.46% this morning as sentiment improved following dovish comments from a Federal Reserve official.

Barchart

Qualcomm refines Windows on Arm gaming with broad feature release — platform gets Snapdragon Control Panel, AVX2 emulation, improved anti-cheat support

Qualcomm has added several gaming-focused enhancements for its Snapdragon Windows-compatible SoCs, including a new control panel, GPU driver updates, anti-cheat support for five new providers, and AVX2 support.

Tom’s Hardware

OpenAI Teams Up With Foxconn To Design And Manufacture AI Hardware In The US

In a bid to strengthen the artificial intelligence (AI) infrastructure in the United States, OpenAI has partnered with the Taiwanese electronics giant Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF).

Benzinga

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Eurozone economy grows again, but one big problem isn’t going away

Services are fuelling eurozone growth, but weak manufacturing and rising costs continue to weigh on the economy.

Euronews

Nvidia Chips Export Plot Involving Americans and Chinese Nationals Exposed

Four individuals, including two Americans and two Chinese nationals, face federal charges for secretly exporting Nvidia AI chips to China.

International Business Times

Musk Warns AI Must Value 'Truth And Beauty' As He Predicts Humanoid Robots From Tesla, Others Will Eliminate Global Poverty

On Wednesday, speaking at the U.S.-Saudi Investment Forum, Tesla Inc. (NASDAQ:TSLA) Elon Musk said advances in artificial intelligence and humanoid robotics could usher in a future of unprecedented abundance — but only if AI systems are built with human-centered values.

Benzinga

Falling stock markets and high shop prices hit US consumer confidence; rate cut hopes lift Wall Street – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Nvidia-Supplier Foxconn Reportedly Bets Big On AI With Up To $3 Billion Annual Spend As Chairman Warns Of Shakeout In Brutal Chinese EV Market

Nvidia Corp (NASDAQ:NVDA) supplier Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF), is reportedly shifting its financial firepower toward artificial intelligence.

Benzinga

Asian stocks track Wall Street's drop, erasing previous day's gains

Asian stocks have tracked Wall Street’s plunge in skittish trading, with the region’s major benchmarks erasing the previous day’s gains

The Independent UK

OpenAI and Taiwan's Foxconn to partner in AI hardware design and manufacturing in the US

OpenAI has announced a partnership with Taiwan's Foxconn to design and make equipment for AI data centers in the U.S. Foxconn, known for making assembling iPhones and other Apple products and making servers for Nvidia, said it will co-design artificial intelligence data center racks with OpenAI under the agreement

The Independent UK

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Fortune

Jefferies’ Chris Wood called Japan’s crash and the U.S. housing bubble. He’s now warning of an ‘AI capex arms race’

“It’s completely unclear to me who’s going to monetize and make money out of all this capex,” said Wood at the Fortune Innovation Forum.

Benzinga

China Recognizes The 'Superiority' Of American AI Innovation: Lawmaker Cites Threat As Nvidia Chip Smuggling Case Unfolds

An Nvidia Corp (NASDAQ:NVDA) GPU smuggling case has intensified calls in Washington for stronger safeguards to keep advanced U.S. chips out of China's hands.

Benzinga

'Pharma Bro' Martin Shkreli Begs 'Wannabe' Finance Influencers To Learn Basics As China, Malaysia Crack Down On 'Finfluencers'

Martin Shkreli, the former hedge fund manager known as the "Pharma Bro," scolded online finance personalities Thursday after they hunted for alleged red flags in Nvidia Corp.'s (NASDAQ:NVDA) third-quarter financial statements, saying many don't grasp basic accounting.

Benzinga

Cathie Wood Dumps AMD Shares, Loads Up On Nvidia With $17 Million Buy Amid Earnings Buzz: Ark Scoops Up These Crypto Stocks As Bitcoin, Ethereum Crash

On Thursday, Cathie Wood-led Ark Invest executed significant trades, including buying shares of Nvidia Corp (NASDAQ:NVDA) and selling shares of Advanced Micro Devices Inc. (NASDAQ:AMD) . Ark also purchased shares of Bitmine Immersion Technologies Inc, (NYSE:BMNR), Bullish (NYSE:BLSH) and Circle Internet Group Inc. (NYSE:CRCL).

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Benzinga

Dan Ives Says This Is Not An 'AI Bubble,' Calls Nvidia's Quarter A 'Masterpiece': Ross Gerber Says He's Not 'Buying' The Jobs Report

Nvidia Corp (NASDAQ:NVDA) delivered a blowout quarter on Wednesday after market close, but the stock still stumbled as analysts Dan Ives and Ross Gerber offered sharply different perspectives on what the sell-off really means for the broader AI and market landscape.

Benzinga

Walmart, Intuit, The Gap, SanDisk And Moderna: Why These 5 Stocks Are On Investors' Radars Today

Despite Nvidia’s strong quarterly performance, the broader market struggled on Thursday. A robust U.S. jobs report, showing non-farm payrolls rising by 119,000 in September, dampened hopes for a December rate cut, as traders now see a 64% chance of the Fed holding rates steady.

AAP

Australian shares tumble to fourth week of losses

Heavy selling in materials and energy stocks has dragged the bourse lower for a fourth straight week, as hopes of a Santa rally give way to correction fears.

Fortune

Four accused in black-market scheme to smuggle hundreds of Nvidia GPUs to China—while raking in millions

The smugglers are facing decades in prison for an alleged conspiracy that involved routing highly coveted chips through Malaysia and Thailand.

Benzinga

'I Would Not Crack Open My Child's Piggybank To Make My Truck Payment' — 'Ramsey Show' Warns Caller Against Using Kids' College Fund To Pay Off Debt

Michael from South Carolina asked "The Ramsey Show" whether it was worth it to withdraw from his children's 529 college savings accounts to speed up his debt payoff."I would not crack open my child’s piggy bank to essentially make my truck payment," co-host George Kamel said after diving into the…

MarketBeat

Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop?

Peter Thiel's fund sold all its NVIDIA shares and cut Tesla by 76%, raising red flags on AI valuations and possible bubble.

Fortune

Intrinsic, an Alphabet company, and Nvidia supplier Foxconn will join forces to deploy AI robots in the latter’s U.S. factories

Companies in the AI space are paying more attention to “physical AI,” or artificial intelligence that operates in the real world.

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