‘Important and consequential’: Nvidia’s Jensen Huang on US-China AI race, risk management

Nvidia's board approved a $150 billion increase in its share buyback plan, bringing the total to $235 billion. The company plans to execute the buyback by January 2028, signaling confidence in its AI-driven growth. Nvidia's shares rose 2.3% on the news, with a 24% gain year-to-date. The company reported $59.69 billion in quarterly profits, driven by demand for its AI chips.

AMD agreed to acquire AI start-up World Labs, founded by Li Fei-Fei, for $8.2B in an all-stock deal. The acquisition aims to boost AMD's exposure to world-model technology, crucial for robotics and physical AI. Li will join AMD as executive vice-president and chief scientist. The deal is expected to close by year-end.

NVIDIA announced a $150B share repurchase plan and launched the Open Agent Safety Platform, an open-source runtime for AI safety. The platform adds security guardrails, including sandboxed environments and policy enforcement, to AI agent frameworks. The initiative involves 100 ecosystem partners and extends hardware protection through NVIDIA Sentry on BlueField-4 DPUs.

Nvidia authorized a record $150B share buyback, surpassing Apple's $110B plan. The move signals confidence in its stock amid intensifying AI-chip competition. Nvidia's shares rose 2% and are up 20% YTD, lagging behind AMD and Intel but matching the Nasdaq 100. According to Reuters.

OpenAI halted advanced AI training due to safety concerns, causing premarket drops in AI chipmaker stocks. AMD fell 2.5%, Intel 3%, Nvidia and Broadcom 1%. Memory chip suppliers also declined amid broader market pressure.

Samsung SDS, a South Korean IT services company, plans to expand into robotics and AI sectors. It raised $820M from KKR for AI investments. Samsung Electronics is also investing in AI data center cooling. Institutional investors are financing AI data centers.