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According to an Axios report, Huang is also meeting Senator Mark Warner and other bipartisan lawmakers during his Washington visit.

Bloomberg reported Nvidia has committed $5 billion to Ilya Sutskever's Safe Superintelligence.

The reported financing relates to a planned 10-gigawatt AI campus in Ohio, a project expected to exceed $500 billion once computing hardware is included.

Nvidia assembled nearly 40 tech and cybersecurity giants for a new open-source AI defense coalition, but Meta was not among the listed founding members.

Baird doubled its price target on AMD stock to $1,250, while UBS, Bank of America, Roth Capital and Jefferies also lifted their targets.

The signatories defended AI distillation as a legitimate model-improvement technique, asking policymakers to target intellectual property theft directly instead of restricting open-weight AI.

Stifel called the quarter "a large, demand-led beat" but maintained a Hold rating, saying much of Intel's recovery is already reflected in the stock price.

According to TheFly, Wells Fargo lowered the price target for Arm to $350 from $410 while maintaining an ‘Overweight’ rating on the stock.

Anthropic will purchase AMD hardware directly while also accessing additional capacity through cloud providers and neoclouds.