Nvidia, China chips and AI valuation jitters
Reports of a Nvidia-linked spy story and chip-access concerns coincide with unconfirmed claims of an Anthropic IPO target cut and BofA dropping Nvidia and Micron from top picks.
What we know
A senator argues China obtains chips via direct purchases, smuggling and remote access. Commentators amplify a report on a Chinese spy with reported ties to Jensen Huang (unconfirmed). Market accounts claim Anthropic cut its IPO target from $2T to $1T (unconfirmed), and say Bank of America removed Nvidia and Micron from its top picks. The WSJ reports OpenAI revenue reaching $10B amid mounting losses.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“The AI race with China is all about who has the best and most chips.”
View post →“Bank of America has removed Nvidia $NVDA and Micron $MU from its list of top stock picks.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.