AI rivals like OpenAI, Nvidia, and Oracle are collaborating to build ‘Stargate’—but a Yale expert says it violates 135 years of antitrust law

Nvidia faces significant challenges in the Chinese market, which has been largely inaccessible due to U.S. regulations, resulting in billions in lost sales. President Trump's influence is seen as pivotal in determining Nvidia's future in China, as the company seeks to navigate these restrictions.

Meta and Google are reportedly in discussions regarding a deal for Tensor Processing Units (TPUs) as Google aims to challenge Nvidia's dominance in the AI chip market. This move comes amid increasing competition in the AI sector, where Nvidia has established a significant lead with its advanced GPU technology.

The cost of protecting Oracle's debt against default has surged to a multi-year high, with five-year credit default swaps rising to approximately 1.19 percentage points annually, reflecting heightened investor concerns over the company's substantial debt incurred to finance artificial intelligence investments. This marks the highest level since October 2022.

Nvidia reported a remarkable $57 billion in sales for its third quarter, marking the ninth consecutive quarter of exceeding expectations, with a gross margin of 73.6%. CEO Jensen Huang emphasized that the narrative is not solely about financial performance but also about the transformative impact of Generative AI on the company's future.

Cathie Wood's ARK Investment Management has made headlines by purchasing shares of CoreWeave, a cloud infrastructure company backed by Nvidia, amidst a significant downturn in its stock price following a revised sales outlook. This acquisition comes as CoreWeave faces challenges in the AI market, which has recently seen volatility due to investor concerns about an AI bubble.

This week, President Donald Trump met with New York Mayor-elect Zohran Mamdani, highlighting unexpected similarities between them. Concurrently, Nvidia reported its Q3 2026 earnings, exceeding expectations, which initially boosted market sentiment. However, Bitcoin experienced a significant crash, and concerns arose regarding the Federal Reserve's potential interest rate cuts, leading to volatility in the markets.

Nvidia recently reported record earnings of $57 billion, significantly exceeding analysts' expectations and alleviating concerns regarding a potential AI bubble. This strong performance has generated excitement among investors and positively impacted market sentiment, particularly in the tech sector.