Overview

• An MIT NANDA report found roughly 95% of AI pilots fail to progress beyond incubation, a data point tied to a multi‑day tech selloff that erased about $1 trillion in value.
• OpenAI chief Sam Altman said investors are “over‑excited” about AI and called some startup valuations “insane” and “not rational.”
• Nvidia topped expectations and highlighted expansion into robotics, autonomous systems, and simulation with platforms including Drive AV, Jetson/Thor, Halos, and Cosmos.
• Export uncertainty around Nvidia’s China‑focused H20 chips remains a risk, with guidance excluding those sales as analysts note the company’s core demand still looks resilient.
• With half of H1 2025 venture dollars flowing to AI and valuations stretched, market strategists recommend prioritizing cash‑rich cloud and infrastructure leaders over speculative names.