The company is ramping up development of alternatives to Nvidia’s AI-computing systems.

Speaking at an AI summit in Pittsburgh, Shapiro warned of AI risks, criticized federal inaction and urged tougher safeguards.

Nvidia NVDA stock rose more than 2% on Thursday to around $218, putting the shares on track for a second consecutive session of gains as tech stocks helped drive a broader market rebound. The Dow Jones Industrial Average gained 0.7%, while the S&P 500 rose 1.1% and the Nasdaq Composite advanced 1.6%.

Enflame stock soared more than 200% in its Shanghai debut as investors bet Chinese chipmakers can displace Nvidia.

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NVIDIA has released its Q1 earnings for the 2027 financial year, revealing that it's profited handsomely from the current AI boom despite losing its Chinese market share. The company reported $81.6 billion in revenue during Q1, primarily attributable to heightened demand for their AI chips.

Nvidia CEO Jensen Huang joined a US state dinner for China's Xi Jinping in Beijing, eyeing a potential $50B chip market as export restrictions

Nvidia's first-quarter revenue topped analysts’ expectations, but earnings missed as the chipmaker took a hit from export curbs.

America’s biggest AI companies have spent more than $100 million influencing policy while repeatedly warning Washington that China cannot be allowed to win the global AI race. But the industry’s actions create a strange contradiction.