Arm CEO condemns US sanctions on China, warns of impact on tech advances and companies, acknowledges Nvidia's dominance, and highlights China's growing semiconductor industry.
The Lisa Su-led company also said its end-to-end, open-standards rack-scale AI infrastructure meant for hyperscalers will be broadly available in the second half of 2025.
AMD unveiled its Helios AI server to challenge Nvidia's dominance, with OpenAI's Sam Altman confirming ChatGPT will use AMD's latest chips, signaling growing industry support for AMD's expanding role in AI infrastructure.
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner.
Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
Nvidia CEO Jensen Huang said the company will exclude China from its financial forecasts after U.S. export controls blocked AI chip sales, costing $2.5 billion in Q1 revenue and raising concerns about the effectiveness of U.S. trade policy.
Luxury furniture retailer RH (NYSE:RH) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 12% year on year to $814 million. Next quarter’s revenue guidance of $904.3 million underwhelmed, coming in 0.7% below analysts’ estimates. Its non-GAAP profit of $0.13 per share was significantly above analysts’ consensus estimates.
The consortium will invest in U.S.-based AI data and energy facilities, with plans to deploy up to $100 billion to support the growth of artificial intelligence.
