Nvidia servers speed up AI models from China’s Moonshoot AI and others tenfold

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.

China is likely to target a GDP growth rate of 5% in 2026 as part of its strategy to combat deflation. This initiative comes amid ongoing economic challenges, including a struggling housing market and concerns over consumer confidence.

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.

The European Commission has proposed a plan to provide €90 billion to support Ukraine over the next two years, potentially utilizing frozen Russian assets or borrowing from international markets. This initiative comes as Ukraine continues to face significant financial challenges due to the ongoing conflict with Russia.

Stephen Witt has been awarded the FT and Schroders Business Book of the Year for his work, 'The Thinking Machine,' which explores Nvidia's rise to becoming the world's most valuable corporation. The book provides an in-depth look at the company's strategies and innovations that propelled its success in the tech industry.

At the DealBook Summit, market analysts raised alarms about the potential risks associated with private credit loans, suggesting a looming crisis if the market falters. The discussion highlighted the significant role of data center investments, particularly those utilizing Nvidia chips, in driving U.S. economic growth this year.

Morgan Stanley has revised its price target for Nvidia stock from $250 to $235, indicating a potential upside of 38% from its current price of $181.46. This adjustment reflects the firm's confidence in Nvidia's continued growth in the AI sector, which has been a significant driver of its stock performance.

The European Commission is contemplating a legal framework to compel industries to decrease their reliance on Chinese imports, as stated by Industry Commissioner Stéphane Séjourné. This initiative is part of a broader €3 billion strategy aimed at diversifying supply chains for critical raw materials, particularly rare earth metals, amid concerns over China's control over these resources.