The U.S. government turned down Nippon Steel's plan to buy U.S. Steel Corp. (NYSE: X), which let down workers and investors standing to gain from the $55 per share proposal. Lacking competitive positioning in both home and international markets,
U.S. stock futures are down as investors eye rising Treasury yields, Tesla and Nvidia shares are moving lower as tech stocks come under pressure, and Apple shares are declining as global iPhone sales fall.
The U.S. imposed caps on how many advanced AI chips can be exported to certain countries, overriding Nvidia's objections. Sha
Nvidia pushes back on new artificial-intelligence regulations, Tesla stock trades lower, Moderna issues weak revenue guidance, and Intra-Cellular Therapies is being acquired by Johnson & Johnson for nearly $15 billion.
The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.
The regulations, among the strongest yet from the Biden administration, limit AI chip exports to most countries except for a select group of close U.S. allies.
Nvidia faces a significant revenue threat due to the latest U.S. export restrictions on artificial intelligence chips, designed to limit the global distribution of these coveted processors, analysts and investors said.
U.S. stock indexes were split as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies
FCPI's portfolio shows resilience in consumer staples and healthcare, but faces uncertainty in energy and basic materials sectors. Read more about FCPI ETF here.
Shares of Nvidia, Microsoft, Oracle, and other AI-related companies surged Wednesday after the Trump administration’s announcement of a $500 billion joint venture spurred optimism about a rising tide of AI investments.
Nvidia details hardware affected by new AI diffusion rule in the U.S., emphasizing national security and economic strength in the AI industry.
Nvidia defines Cosmos as “a platform of state-of-the-art generative world foundation models,” and defines world foundation models as “neural networks that simulate real world environments, and predict accurate outcomes based on text, image or video input.”