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Nvidia stock (NVDA) fell nearly 2% on Monday following the Biden administration’s announcement of updated export rules aimed at restricting the flow of artificial intelligence chips to adversaries, including China.
Nvidia stock drops as Biden administration tightens AI chip export rules
The White House stated that the new rule would limit the quantity of AI chips, specifically graphics processing...
AMD’s delay in unveiling its RDNA 4 GPUs is a tactical move, aimed at assessing NVIDIA’s strategy with the RTX 50 series before making its own announcement. While AMD did not fully showcase RDNA 4 during its CES keynote, it released slides detailing the Radeon RX 9070 XT and RX 9070, claiming this was to give the RX 9070 series a standalone showcase. Sources from Chiphell’s forum suggest that the...
TikTok has labeled reports claiming that China is considering a sale of its U.S. operations to Elon Musk as “pure fiction.” This statement follows a Bloomberg report suggesting that Chinese officials are considering this move if the U.S. Supreme Court upholds a ban on the app.
TikTok denies claims of China selling U.S. operations to Musk
The Supreme Court is set to rule on legislation that...
Apple is set to unveil a new lineup of Apple Watches in the second half of the year, enhancing health features and introducing satellite connectivity. As reported in Bloomberg’s Power On newsletter, this lineup will align with the launch of new iPhones and includes updates to the Series and Ultra models, which will visually remain consistent while offering substantial internal upgrades....
Lululemon Athletica Inc. anticipates fourth-quarter sales to exceed market expectations, indicating that the upscale activewear brand is successfully competing against rising challengers amidst slowing consumer spending. The company projects revenue growth of 11% to 12%, bringing total sales to between $3.56 billion and $3.58 billion, an increase from previous guidance of up to $3.51 billion....
Warren Buffett, the CEO of Berkshire Hathaway, reiterated his investment philosophy in his 2023 and 2024 shareholder letters, emphasizing his preference to hold stocks indefinitely if they represent “outstanding businesses with outstanding management.” Here are the stocks Buffett has identified as candidates for long-term ownership.
Coca-Cola and American Express lead the list
Berkshire Hathaway...
Moderna’s stock fell 20% on January 8, 2025, after the company revised its 2025 sales forecast downward by approximately $1 billion amid several potential market challenges. This adjustment comes as Moderna aims to cut costs while expanding its product portfolio.
Moderna’s stock drops 20% after 2025 sales forecast cut
The biotech firm now anticipates 2025 revenue to range between $1.5 billion and...
There’s no place quite like Davos during World Economic Forum week—leaders, innovators, and changemakers gather to chart the course of global progress. Yet, something even more exciting is taking shape alongside the official WEF agenda: unDavos. This independently organized platform opens doors for a broader range of voices, fueling high-impact discussions that extend well beyond the conference...
According to a recent The Guardian article, Meta is deleting Facebook and Instagram profiles of AI characters, after user interaction led to viral screenshots and conversations. The AI profiles were initially introduced in September 2023 and mostly removed by summer 2024.
https://about.fb.com/wp-content/uploads/2023/09/Social-Profiles-for-AI_Header-1.mp4
Meta deletes AI profiles on Facebook and...
Nvidia criticized the Biden administration’s new effort to tighten regulations on global artificial intelligence chip exports, arguing that the move could harm U.S. leadership in the AI sector.
“Today, companies, startups and universities around the world are tapping mainstream AI to advance healthcare, agriculture, manufacturing, education and countless other fields, driving economic growth and...