Nvidia’s upcoming results have the power to drive the S&P 500 higher than the Federal Reserve’s dovish tone last week or this Friday’s update on inflation.
Nvidia and AMD have agreed to give the US government 15% of their China AI chip revenues in exchange for export licenses – a never-before-seen move that the CEO of global financial advisory deVere Group says risks recasting export controls as financial transactions and undermining the foundations of global trade.
