Trump's Tariffs Were Built to Close the Trade Gap. The AI Buildout Is Keeping It Open
The July goods gap widened to $118.8B as capital goods imports hit a record $140.1B and Korean chip shipments to the US surged 68.7%
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Trump celebrated Nvidia's robust revenue guidance and Micron's new $10 billion research investment as proof his policies are working.
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The July goods gap widened to $118.8B as capital goods imports hit a record $140.1B and Korean chip shipments to the US surged 68.7%
Read original at benzingaMicron Technology stock declined on Thursday amid profit-taking, Nvidia's margin disclosures, and potential U.S. chip tariffs.
Read original at benzingaIf Nvidia were to reach that level from its current price of around $226, its market capitalization would climb to about $12.5 trillion.
Read original at benzingaNvidia surged 8.74% after reporting $96.2 billion in quarterly revenue (up 106% YoY) and providing surprisingly strong guidance for 70% revenue growth in 2027, nearly double analyst expectations. The results eased AI slowdown concerns and demonstrated sustained data center demand despite increasing competition. The company maintained a 75% gross margin and continues investing in the AI sector.
Read original at the-motley-foolhttps://www.wsj.com/tech/nvidia-pauses-revenue-sharing-deals-with-ai-cloud-companies-9c71454e
Read original at benzingaJensen Huang adds to his net worth on Thursday with Nvidia stock soaring 8.7% on the day.
Read original at benzinga