Nvidia EVP Shoquist sells $41.4 million in shares

US lawmakers are expressing concerns over the recent decision to allow Nvidia to sell its advanced H200 AI chips to China, warning that this could jeopardize Washington's strategic advantage in cutting-edge artificial intelligence technology. The committee chair emphasized the risks associated with transferring sensitive technology to Beijing.

The rapid advancement of artificial intelligence (AI) has sparked widespread concern among the public, particularly regarding the potential for mass layoffs and a deteriorating job market, especially for younger workers. Dario Amodei, CEO of Anthropic, has warned that AI could eliminate half of all entry-level white-collar jobs in the coming years, intensifying fears of unemployment.

Jensen Huang, CEO of Nvidia, has been recognized as the Financial Times Person of the Year for his pivotal role in driving the artificial intelligence boom, which has the potential to transform the global economy. Under his leadership, Nvidia has emerged as a key player in AI technology, significantly impacting various sectors.

Bank of America has adjusted its stock forecast for Nvidia following a private meeting, reflecting ongoing investor concerns about the sustainability of artificial intelligence investments. This comes amid a broader market sentiment that views AI as potentially overvalued, despite some analysts' reassurances.

Bank of America has made a surprising call regarding Nvidia-backed stock, as concerns about an artificial intelligence bubble prompt investors to seek safer, non-AI companies. This shift indicates a growing caution among investors, reflecting fears of overvaluation in the AI sector.

Oracle's shares fell 15% following the release of disappointing quarterly financial results, leading to a loss of approximately $80 billion in market value, dropping from $630 billion to $550 billion. This decline has raised concerns about a potential bubble in artificial intelligence-related stocks, particularly affecting companies like Nvidia, which is viewed as a key indicator of the AI sector's health.