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In Abilene, Texas—in the heart of what locals call the Big Country, long defined by ranching, farming, shale oil exploration, and now dotted with wind turbines—OpenAI and Oracle staged a carefully crafted media showcase on Tuesday to talk about the latest boom underway... In Abilene alone, a crew of 6,400 workers have already moved massive amounts of soil to flatten the hills, and laid down enough fiber optic cable to wrap the Earth 16 times.... The five new Stargate projects—in Texas, New Mexico, Ohio, and in an undisclosed Midwest location—will bring Stargate’s current pipeline to nearly 7 gigawatts and more...

Nvidia (NVDA.O), said on Thursday it would invest $5 billion in Intel (INTC.O), throwing its heft behind the struggling U.S. chipmaker just weeks after the White House engineered an extraordinary deal for the federal government to take a massive stake in the company. Nvidia's support offers Intel a new chance after years of turnaround efforts failed to pay off, and triggered a 23% jump in the U.S. chip manufacturer's shares. The stake will make Nvidia one of Intel's largest shareholders, giving it roughly 4% of the company after new shares are issued

Texas Instruments is building a $60 billion U.S. manufacturing megaproject where Apple vows to make "critical foundation semiconductors" for iPhones and other devices. CNBC went to Sherman, Texas, for an exclusive first look inside the newest fab of seven TI's building in Utah and Texas to provide U.S.-made chips to customers like Nvidia and Ford. TI shares have suffered amid tariff concerns, and it's lost analog market share for several years, but top leaders are confident about the huge spend. Why Texas Instruments Is Betting $60 Billion On Making Cheap Chips In The U.S. | 15:41 CNBC | 4.01M subscribers...

U.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking office in January, investing in debt issued by local authorities, gas districts and major American corporations. Across 33 pages of filings with the U.S. Office of Government Ethics, or OGE, dated Aug. 12, the president outlined 690 transactions that have taken place since he took office. The documents were made public on Tuesday. According to CNBC calculations, the purchases had a total value of at least $100 million, assuming the lower value end listed for each disclosed transaction. By law, the U.S. president, vice president and other...

An "active shooter" situation in Lewiston, Maine...Fox News reporting at least 22 dead and dozens wounded at three locations... The US House led by newly elected speaker Mike Johnson approving a resolution in support of Israel... An Iranian backed militia group says that a US base in northeastern Syria was attacked by rockets... Russian Aerospace Forces striking two jihadist positions in Syria... The Russian military in Syria also saying that US-led coalition warplanes and drones violated Syrian airspace 15 times today... Democrat Congressman Jamaal Bowman of New York facing a misdemeanor criminal charge for pulling a fire alarm at the...

Nvidia (NASDAQ:NVDA) just hit another mind-bending milestone. The chip giant's market cap has swelled to $4.5 trillion, putting it $1.5 trillion above the entire Russell 2000 index. That means one company is now worth more than 2,000 small U.S. firms combined. Nvidia isn't just dominating in price. It's woven into the core of global investing. The stock sits inside 667 ETFs, which together control nearly 3.6 billion shares. Whether through passive funds or active bets, chances are, most investors already own a slice of Nvidia.

The Trump administration has launched their own 'Manhattan Project' as reports have suggested one of America's largest chipmakers could be partly nationalized. Intel, the largest chip fabricator in the US, has been in talks with Donald Trump over a potential government stake in the company. While the percentage stake the government is asking for has not been made public, nationalizing a company is typically reserved for national emergencies. The government nationalized a number of banks after the 2008 financial crisis and key logistics companies during World War II. It comes amid concerns that America relies too heavily on TSCM, a...

Nvidia’s (NVDA.O) H20 chips present security risks for China, according to a social media account linked to Chinese state media, which made the claim on Sunday after Beijing raised concerns about potential backdoor access in the chips. The account, Yuyuan Tantian- affiliated with state broadcaster CCTV also argued in a WeChat post that the H20 chips are neither technologically advanced nor environmentally friendly. “When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it,” the article concluded. Nvidia did not immediately comment. The H20 artificial intelligence chips...

Nvidia chips do not contain "backdoors" allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss "serious security issues". The California-based company is a world-leading producer of AI semiconductors, and this month became the first company to hit US$4 trillion in market value. But it has become entangled in trade tensions between China and the United States, and Washington effectively restricts which chips Nvidia can export to China on national security grounds. "Cybersecurity is critically important to us. Nvidia does not have 'backdoors' in our chips that would give anyone a remote way to...

Psst, wanna buy some innovation?An estimated $1 billion worth of smuggled high-end Nvidia AI processors have reportedly found their way onto the Chinese black market, despite the US government's strict restrictions on exports of the tech. The eyebrow-raising figure, which Nvidia has neither confirmed nor refuted, was revealed by the Financial Times, which claims to have based its reporting on a combination of interviews and analyses of company filings and sales contracts. If accurate, the report sheds light on the limitations of the US trade policy's ability to control the movement of much sought-after AI technology around the world. The...

Bitcoin topped $112,000 on Wednesday afternoon, notching a new record.The flagship crypto’s rise came on a day when investors returned to risk-on mode, driving the tech-heavy Nasdaq Composite to a record close.Bitcoin has been trading in a tight range in recent weeks.Bitcoin hit a fresh record on Wednesday afternoon as an Nvidia-led rally in equities helped push the price of the cryptocurrency higher into the stock market close. The price of bitcoin was last up 1.9%, trading at $110,947.49, according to Coin Metrics. Just before 4:00 p.m. ET, it hit a high of $112,052.24, surpassing its May 22 record of...

The United Arab Emirates is spending $20 billion on OpenAI’s Stargate UAE. The project is billed as a sovereign AI capability, yet it relies entirely on American chips, software, and infrastructure. This is the sovereign AI paradox: The harder nations push for AI independence, the deeper their dependencies become.The UAE is not alone. From Paris to New Delhi, governments are pouring billions into so-called “sovereign” frontier models. France backs Mistral. India promotes BharatGPT. Each promises strategic autonomy yet is dependent on a globalized stack.The term “AI factories,” adopted by Nvidia CEO Jensen Huang, rebrands data centers as strategic infrastructure akin...

Japan is reportedly planning to import nearly $7 billion worth of U.S.-made semiconductors in a move that could significantly benefit chipmakers like Nvidia Corporation amid ongoing trade negotiations with the Donald Trump administration. What Happened: Japan has proposed purchasing up to 1 trillion yen ($6.94 billion) in U.S. semiconductor products, reported Reuters via Asahi newspaper, which cited unidentified sources. The Japanese government would subsidize domestic companies that purchase the American chips, the report said. The plan is designed to help reduce the U.S.'s approximately 10 trillion yen trade deficit with Japan. Japan's chief tariff negotiator, Ryosei Akazawa, is expected to...

Chinese tech giant Huawei is reportedly ready to test a new artificial-intelligence chip to compete with Nvidia — but the U.S. chipmaker shouldn’t be too concerned, according to one analyst. Huawei is looking to test its Ascend 910D chip with fellow homegrown tech companies and is expected to get its first samples of the chips next month, the Wall Street Journal reported, citing unnamed people described as familiar with the matter. The Chinese company, which was added to the U.S. Entity List in 2019, reportedly is aiming to take on Nvidia Corp.’s H100 chips, which are used to train some...

Now that Pat Gelsinger is no longer occupying the corner office at embattled chipmaker Intel (INTC), he can acknowledge one thing about the semiconductor industry.Nvidia (NVDA) has a wide, wide lead over its rivals on the tech front..."They have built meaningful moats around their franchise," he added.Gelsinger led aggressive efforts to turn around Intel for more than three years. He slashed thousands of jobs, improved costs, secured CHIPS Act funding, built chip foundries, and promised fast AI chips that could compete with Nvidia and AMD (AMD).He was fired in early December amid missed financial targets, lack of progress on the...

Technology stocks declined Wednesday, led by a 7% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump’s sweeping tariff plans could hamper demand and growth. Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said the government will require a license to ship the chips there and other destinations. Technology stocks have whipsawed in the wake of Trump’s tariff announcements, which sparked global trade war fears and recession concerns. The market slumped in the initial aftermath of the...

Nvidia has announced plans to build AI supercomputers in Texas and invest up to $500 billion in AI production within the United States. Barron’s reports that AI powerhouse Nvidia has commissioned over a million square feet of manufacturing space in Arizona and Texas to build and test its Blackwell chips and AI supercomputers. This marks the first time that Nvidia will be producing its cutting-edge AI technology entirely within the United States. Nvidia’s Blackwell chips have already started production at TSMC’s chip plants in Phoenix, Arizona. Meanwhile, the company is constructing supercomputer manufacturing plants in partnership with Foxconn in Houston...

NVIDIA is working with its manufacturing partners to design and build factories that, for the first time, will produce NVIDIA AI supercomputers entirely in the U.S. Together with leading manufacturing partners, the company has commissioned more than a million square feet of manufacturing space to build and test NVIDIA Blackwell chips in Arizona and AI supercomputers in Texas. NVIDIA Blackwell chips have started production at TSMC’s chip plants in Phoenix, Arizona. NVIDIA is building supercomputer manufacturing plants in Texas, with Foxconn in Houston and with Wistron in Dallas. Mass production at both plants is expected to ramp up in the...

Taco Bell is about to get an AI makeover from one of the biggest names in the game. Yum! Brands, the owner of Taco Bell, KFC, and Pizza Hut, announced it is teaming up with chip company Nvidia to bring the chip giant’s AI technology to its drive-thrus and restaurant operations — upgrading and expanding Taco Bell’s existing voice AI. According to Tuesday’s announcement, Nvidia’s AI software will be integrated into Yum’s in-house tech platform, enabling voice assistants to take orders more smoothly, smart cameras to track bottlenecks in real time, and AI analytics to help managers optimize operations. Yum...

Watch NVIDIA CEO Jensen Huang’s GTC keynote to catch all the announcements on AI advances that are shaping our future. GTC March 2025 Keynote with NVIDIA CEO Jensen Huang | 2:37:47 NVIDIA | 1.9M subscribers | 492,386 views | Streamed live 9 hours ago