Market News

AI Stocks Erased Last Weeks Selloff on Monday

Wall Street futures jumped Monday as chip and AI names rebounded sharply from the prior week's rout, with Intel up 5.4%, Meta gaining 2.4%, and Marvell adding 2.6%, as easing oil prices and Treasury yiel

Why AI Is Front and Center at This Weeks Trump Xi White House Summit

President Trump hosts Xi Jinping for a state visit culminating Thursday in a White House bilateral meeting and dinner, with AI chip-export rules, a joint US intelligence advisory accusing six Chinese fir

China Unveils $4.5 Trillion Tech Plan Targeting 9,800 Exaflops of AI Compute by 2030

China's Ministry of Industry and Information Technology has published its 15th Five-Year Plan, targeting 9,800 exaflops of intelligent computing capacity by 2030 — nearly 4.5 times current levels — backe

AI safety warnings trigger tech stock selloff — Nasdaq down ~0.8%, chip stocks hit hard

Anthropic CEO Dario Amodei's weekend call to slow frontier AI development, quickly echoed by OpenAI's Sam Altman and Elon Musk, triggered a Monday selloff that hit semiconductor stocks hardest, with the

Nvidia CEO Jensen Huang tells Trump: "We're not going to let an AI slowdown happen"

Nvidia CEO Jensen Huang took a live call from President Trump on stage at the All-In Summit, agreeing that "we're not going to let an AI slowdown happen" after Trump dismissed AI risk warnings as a hoax,

Why the DOJ Is Investigating Nvidia's Licensing Deal With Groq

The Justice Department is examining whether Nvidia structured its $20 billion licensing arrangement with AI chip startup Groq to sidestep formal antitrust review, after the deal brought Groq's CEO and CO

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