Australian AI Startup Firmus Technologies in Debt Funding Talks

US officials are discussing the possibility of allowing Nvidia Corp. to sell its H200 artificial intelligence chips to China. This potential move is contentious and could represent a significant victory for Nvidia, which is currently the world's most valuable company.

Nvidia Corp.'s forecast was anticipated to attract dip buyers, but a downturn in technology stocks and a mixed jobs report left investors uncertain. The market's reaction reflects ongoing concerns about stability, with many investors choosing to either recover from losses or re-enter the market cautiously.

Hon Hai Precision Industry Co., also known as Foxconn, plans to invest between $1 billion and $5 billion to expand its manufacturing operations in the United States. This initiative aims to meet the growing demands of major players in the artificial intelligence sector, including Nvidia Corp. and OpenAI.

Cathie Wood's ARK Investment Management purchased shares of Nvidia Corp. on Thursday, marking the first acquisition since August. This move follows Nvidia's impressive earnings report, reinforcing ARK's positive outlook on the semiconductor company.

Nvidia Corp.'s stock rally diminished on Thursday as investors reacted skeptically to a stronger-than-expected revenue forecast and reassurances that the AI economy is not in a bubble. The decline reflects ongoing concerns about market stability and investor sentiment towards tech stocks.