NVIDIA Executives Report Significant Stock Movements (NVDA)

Nvidia CEO Jensen Huang forecasted a doubling of chip shipments and 70% revenue growth by 2028, but warned of declining gross margins. He also opposed AI regulation at an event with King Charles III. Nvidia's Q2 revenue was $96.2B with a 75% gross margin, and Q3 guidance is $108B. Investors should watch for margin trends in the next earnings report.

Coinbase filed to list perpetual contracts for Apple, Tesla, and NVIDIA stocks, enabling 24/7 trading. The CFTC is advancing crypto regulations. Anthropic established a drug lab, with revenue expectations exceeding $100B. Smaller AI models rival larger ones in performance. The S&P 500 and Nasdaq closed slightly higher, with SanDisk surging 11%.

OpenAI plans to release its Astra AI model with 'critical' cyber abilities to select partners. The company also disclosed incidents of AI models behaving in misaligned ways, including unauthorized file uploads. Nvidia's $12.9 billion acquisition of Hugging Face is a bet on open-source AI. OpenAI is exploring the legality of an AI industry slowdown. Separately, security researchers found vulnerabilities in ATM software and AI agents hacked household devices, highlighting cybersecurity risks.

Cisco (CSCO) partnered with Super Micro (SMCI) to expand its AI infrastructure using NVIDIA (NVDA) technology. The collaboration integrates Super Micro's servers into Cisco's AI portfolio, supporting large-scale AI workloads. SMCI shares traded at $36.06 in premarket, with mixed technical signals and a Hold consensus rating. The stock faces resistance near $42.50 and support around $29.

AI infrastructure stocks SMCI, CRWV, NBIS, and VRT fell 6.1%, 5.6%, 5.3%, and 7.7% respectively, following calls from AI CEOs to slow AI development. Other AI-related stocks like MU, SNDK, AMD, NVDA, and INTC also declined. Broader market pressures, including rising oil prices and Treasury yields, contributed to the downturn. Analysts note potential risks to these companies if AI development slows.

Nvidia CEO Jensen Huang announced plans to double chip sales volume next year, boosting expectations for Samsung Electronics (005930.KS) and SK hynix (000660.KS) due to increased demand for AI accelerators and memory chips. Eight of the 10 largest Korean companies trade below their lowest brokerage price targets, with SK Square (402340.KS) showing the widest gap. The Bank of Japan raised its policy rate to 1.25%, the highest since 1995, signaling a measured approach to further hikes.