NVIDIA and Microsoft Rewrite the PC for the AI-Agent Era With RTX Spark

Oracle (ORCL) and Microsoft (MSFT) shares fell on Thursday after the Financial Times reported OpenAI's annualized recurring revenue was closer to $50B, lower than prior estimates. The decline reflects investor concerns about the valuation of AI-related stocks.

NVIDIA has pledged $1 billion over five years to support US scientific research in AI, quantum computing, and cloud infrastructure for government missions. The funding will focus on areas like healthcare and energy security, according to the company.

The US government has suspended Microsoft, Adobe, and other IT firms from a program offering green cards to skilled foreign workers, according to Vance.

The US has suspended the Permanent Labor Certification Program for several IT firms, including Infosys, Wipro, Tata, Microsoft, and Adobe, citing abuse of the H1B program. The Labor Department is not processing new or pending applications from these companies. Microsoft was accused of laying off 6,000 American workers while benefiting from 6,300 H-1B visas and 3,000 green cards.

Microsoft and other tech companies were suspended from an immigration program due to alleged abuse of foreign labor visa regulations. Vice President Pence cited Microsoft as a major offender. The company's stock is currently 10.3% undervalued according to GF Value™, with a price of $530.33 and a GF Value™ of $591.09. Microsoft has a GF Score™ of 99/100, indicating strong overall performance.

Intel (INTC), AMD (AMD), and Nvidia (NVDA) shares declined in morning trading due to higher Treasury yields and rising oil prices. Brent crude surged above $104 per barrel after a tanker incident near Qatar. Intel faces additional pressure as Elon Musk's companies plan to build and operate the Terafab AI chip complex in Texas, potentially impacting Intel's contract manufacturing strategy.