Nvidia (NVDA) CEO Jensen Huang kicked off the company’s GTC event in San Jose, Calif., with his annual keynote speech on Monday. Huang spent roughly two hours providing deeper insights into Nvidia’s business and announced a slew of deals and updates, including its all-new Nvidia Groq 3 chip, an AI chip for space, and the NemoClaw platform for AI agents. During his keynote, Huang also forecast that AI chip sales would reach $1 trillion by 2027, raising expectations from a previous outlook of $500 billion ...

Supermicro (SMCI) stock shed over 25% of its market value in premarket trading after a US indictment charged three employees tied to the server maker — including its co-founder — with diverting $2.5 billion worth of servers containing Nvidia (NVDA) chips to China, in violation of US export laws. While the White House initially barred the sale of Nvidia’s advanced chips to China, President Trump said in December he would allow the sale of H200 graphics processing units (GPUs) to China. On Wednesday, CEO Je ...