Nvidia, Elon Musk and stocks
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Nvidia, tariffs
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President Donald Trump’s “first buddy” tagged along on the Middle East trip, where his rival was striking a lucrative artificial intelligence deal.
Investors are laser focused on Nvidia earnings after the bell, as well as more progress with President Trump’s trade deals with the EU and India at the forefront. Bitcoin’s marquee industry event is underway as the crypto hovers near an all-time high.
Nvidia released quarterly results. The chip maker reported revenue and earnings that topped analysts' estimates. The stock [rallied in after-hours trading](
However, according to a more recent report from Beth Kindig, the CEO and lead tech analyst at the I/O Fund, Colossus 2 may cost closer to $40 billion. Considering Nvidia's chips sell for between $30,000 and $40,000 on average, it's not unreasonable to think Musk's next big project could cost tens of billions of dollars -- as Kindig implies.
CEO Jensen Huang’s rejection of PowerPoint presentations isn't a quirky habit—it's part of a broader trend among some of the most successful tech leaders who believe slide decks are a barrier to real thinking.
Musk warned those involved that President Trump wouldn’t bless the OpenAI data-center project in Abu Dhabi unless his xAI company was included in the deal, according to people familiar with the matter.
Investors will be banking on Musk — and U.S. authorities — to continue their in-person work leading companies and negotiating trade deals with countries.
Ray Kurzweil, the AI futurist best known for predicting the rise of the singularity, is taking a major step toward turning science fiction into industrial reality. His humanoid robotics company, Beyond Imagination,