David Sacks and OpenAI CEO Sam Altman defended Donald Trump's AI chip deals with Gulf states, calling them a strategic win over China despite bipartisan concerns about national security risks.
The New York Times reports that U.S. officials are worried the deal could boost Chinese AI capacity, spread censored chatbots, and deepen Apple's exposure to Beijing's data and censorship laws.
Alibaba Group reported mixed fourth-quarter fiscal 2026 results, beating earnings estimates while lagging on revenues. Investors should take a close look at ETFs having the largest allocation to this Chinese e-commerce giant.
Analyst maintained Buy rating, lowered price target for Alibaba. Q4 revenue missed estimates due to divestitures, but strong growth in core commerce and Cloud.
A wave of caution swept across Asian trading floors for the second consecutive day on Friday, as investors, finding few fresh catalysts, opted for a more circumspect stance.
'The Big Short' famed investor Michael Burry, who accurately predicted the 2008 housing market crash, has turned bearish on most equities while doubling his stake in cosmetics giant Estée Lauder Companies Inc. during the first quarter, according to 13F regulatory filings with the Securities and Exchange Commission on Thursday.
Nvidia plans to open a new R&D center in Shanghai to stay competitive in China's AI market while navigating strict U.S. export controls that threaten its chip sales.
