Overview
- After the Financial Times quoted Nvidia’s CEO saying “China is going to win the AI race,” Huang issued a later statement calling China “nanoseconds behind” and urging the U.S. to “race ahead,” a swing that briefly moved Nvidia’s shares before a partial rebound.
- Microsoft’s Satya Nadella said chips are not the bottleneck, citing a lack of electricity and ready data‑center “warm shells,” with GPUs sitting idle due to insufficient power capacity.
- The White House reiterated it is not allowing sales of Nvidia’s most advanced Blackwell chips to China, underscoring export‑control headwinds even as Nvidia recently touched a $5 trillion valuation before pulling back.
- OpenAI’s Sam Altman said the company does not want government guarantees for data centers, projected an annualized revenue run rate above $20 billion this year, and flagged plans tied to about $1.4 trillion in commitments over eight years.
- Analysts and executives cautioned that massive AI infrastructure spending faces uncertain economics, with concerns over chip lifecycles, vendor‑financing structures, and signs of slowing enterprise adoption.