Amazon AWS message signals major moment for Nvidia rival

Nvidia CEO Jensen Huang addressed concerns regarding the impact of artificial intelligence on the power grid during an appearance on the Joe Rogan Experience, asserting that advancements in computing efficiency have mitigated these fears. He emphasized that Nvidia's performance per watt has significantly improved, countering the narrative that AI could overwhelm energy resources.

AI chip maker Moore Threads, founded by a former Nvidia executive, experienced a remarkable 425% surge in its stock price on its first day of trading following a successful IPO that raised over $1 billion. This debut positions Moore Threads as a significant player in the semiconductor market, particularly in the AI sector.

Moore Threads, a semiconductor company founded by former Nvidia executive Zhang Jianzhong, saw its stock price soar over 420% on its trading debut, reflecting a significant milestone for the firm amid China's push for technological self-reliance in the face of U.S. restrictions.

US senators are advancing a bipartisan bill aimed at blocking Nvidia from selling advanced AI chips to China, reflecting growing concerns over national security and the potential transfer of sensitive technology to Beijing.

Lawmakers, including Senator Elizabeth Warren, are pressing major companies like Nvidia, Apple, and Meta regarding potential donations made to Donald Trump's ballroom events, questioning whether these contributions were made in exchange for favorable treatment from the former administration.

An analyst who previously purchased Palantir shares below $10 has updated their stock price target, reflecting the ongoing momentum in the artificial intelligence sector. This comes as AI technologies continue to gain traction, with businesses increasingly investing in AI solutions to enhance operations and services.

Former President Donald Trump praised Nvidia CEO Jensen Huang following a discussion about export controls affecting the company's operations. This conversation comes amid ongoing scrutiny over U.S. regulations that have impacted Nvidia's ability to export AI chips, particularly to China.

Bank of America has revised its stock forecast for Amazon following a significant decline in the company's stock value, which has dropped approximately 8% over the past month despite a strong earnings report at the end of October. This decline is attributed to a broader sell-off affecting artificial intelligence stocks, including Nvidia, which has faced even steeper losses.