China, NVIDIA and AI
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Donald Trump’s decision to let Nvidia sell powerful artificial intelligence (AI) microchips to China has sparked fears that the technology could be used to boost Beijing’s military. Charles Parton, from the think tank Rusi, said there would “inevitably” be sales of semiconductors “which have the possibility of military use”.
The 'Fast Money' traders talk Nvidia hitting a fresh record high as China H20 chip news boosts stock. Donald Trump's approval rating plummets to new low
Shares in Asia are mixed after an update on inflation pulled most U.S. stocks lower, though gains for Nvidia pushed the Nasdaq to another record.
Nvidia backed Washington's AI push on Tuesday, echoing Trump advisor David Sacks' call to make American technology the global standard, as AI chip stocks rallied on signs of renewed U.S. investment and eased export restrictions.