Artificial intelligence personal computers have made a splash at the CES conference this week, but concerns regarding demand haven’t gone away. Investors and consumers have been tuned into the annual CES trade show this week as tech companies from around the world visit Las Vegas to unveil their newest product and software updates. One highlight from the week has been the display of new gen-AI PCs and chips. Nvidia unveiled Project Digits, a $3,000 AI personal supercomputer. Dell Technologies announced that it has redesigned its entire PC portfolio to make it more simple for the consumer as it develops new AI hardware. Meanwhile, Qualcomm and Advanced Micro Devices both showed off new AI PC processors. But while all of these new announcements are being made, there is still the question as to what the PC market will look like in the year to come. On one end, there’s excitement about […]

Biden to Further Curb Nvidia, AMD AI Chip Exports in Final Push – Bloomberg News

Jensen Huang pleased the crowd at the CES conference this week — just not the “right” crowd. The Nvidia co-founder and chief executive was in rare form for the annual conference’s keynote address, even swapping his typical black leather racing jacket for a glittery one. He used the occasion to introduce products such as new videogaming processors and even an artificial-intelligence supercomputer the size of a large sandwich. He also announced new efforts in humanoid robots and self-driving cars, the latter of which he predicted will be the “first trillion-dollar robotics industry.” The in-person audience was thrilled — particularly with a new family of gaming graphics cards based on the company’s Blackwell AI chip. But investors seemed disappointed, sending Nvidia’s stock sliding more than 6% Tuesday. That was double what the shares gained the previous day, when Nvidia seemed on track to surpass Apple and perhaps become the first public

Nvidia stock was climbing ahead of Wednesday’s opening bell, recovering some ground after stronger-than-expected economic data triggered a Big Tech selloff. Shares in the chip designer rose 1.9% to $140.14 in premarket trading. Futures tracking the benchmark S&P 500 index were up 0.3%. Nvidia stock tumbled 6.2% in the previous session, wiping out about $200 billion worth of market capitalization. The plunge came shortly after red-hot jobs numbers fueled investors’ fears that the Federal Reserve won’t cut interest rates by much this year. The Bureau of Labor Statistics said November job openings rose to 8.1 million, which was ahead of economists’ expectations at 7.7 million, according to FactSet. When the labor market is strong, there’s less incentive for the Fed to cut rates — and higher borrowing costs tend to particularly weigh on tech stocks by chipping away at the future cash flows that make up a core part of