Key Takeaways Nvidia CEO Jensen Huang is set to meet with President Donald Trump at the White House Friday, Bloomberg reported, after a wild week for the chipmaker’s stock. Shares have lost over 12% this week after the emergence of a sophisticated, lower-cost AI model from Chinese startup DeepSeek spurred a reckoning on Wall Street about
Key Takeaways Meta CEO Mark Zuckerberg said Wednesday’s that the rapid rise of competitors from China has only strengthened the tech giant’s commitment to its AI ambitions. The CEO said it’s too early to know how growing competition from China could impact its future investments. Meta reiterated its forecast of $60 billion to $65 billion
Meta Platforms (META) reported fourth-quarter earnings that topped analysts’ estimates as revenue grew more than 20% year-over-year. The social-media and tech giant posted fourth-quarter revenue of $48.39 billion, above the analyst consensus compiled by Visible Alpha. Its net income of $20.84 billion, or $8.02 per share, rose from $14.02 billion, or $5.33 per share, a
Key Takeaways Texas Instruments shares tumbled Friday, leading other analog chipmaker stocks lower. The losses came after the company’s disappointing profit forecast raised worries about broader industry headwinds. Jefferies analysts said the forecast from the world’s largest analog chipmaker suggested a recovery for analog chips could be slower than previously anticipated. Texas Instruments (TXN) shares
Key Takeaways President Trump on Tuesday announced a joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S. The companies said they would commit $100 billion to start, and as much as $500 billion over the next four years toward the initiative, called Stargate. Oracle shares surged Tuesday ahead of the
Key Takeaways President Trump on Tuesday announced a joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S. The companies said they would commit $100 billion to start, and as much as $500 billion over the next four years toward the initiative, called Stargate. Oracle shares surged Tuesday ahead of the