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Nvidia earnings take center stage as investors assess Blackwell demand, AI spending and China sales. Here are 4 ETFs with major NVDA exposure to watch.
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OpenAI revealed six AI misalignment incidents, fueling concerns over AI safety and the need for stronger safeguards.
Microsoft AI chief Mustafa Suleyman says Anthropic erred by teaching Claude about AI consciousness, making it harder to control.
The Federal Reserve raised interest rates by 25 basis points to 3.50%-3.75%, marking the first hike in three years. Major indices declined with the S&P 500 falling 0.45%, Dow Jones dropping 1.21%, and Nasdaq slipping 0.01%. AI stocks recovered slightly with Dell, Intel, and Nvidia finishing in the green. Traders are pricing in potential further rate hikes, which typically pressure equities in the short term but historically lead to gains within a year.
Nvidia agreed to acquire Hugging Face for $11.9 billion ($12.9 billion including employee awards), a steep price at 86x annualized revenue. However, the acquisition gives Nvidia strategic access to a platform hosting 3 million models used by 18 million developers and 200,000+ companies. As AI chip competition intensifies from Meta, Microsoft, and others, Hugging Face provides Nvidia a way to remain relevant in the AI ecosystem beyond just selling GPUs. The key to success is maintaining the platform's openness across different hardware and frameworks to preserve developer loyalty.
The Dow fell more than 1% and gold swung nearly three points as the new Fed chair reiterated fight against inflation.
The Fed raised rates 25 basis points as 16 of 18 policymakers projected at least one more increase before year-end.