The system slated to launch in 2026 will be built using Dell’s advanced liquid-cooled server architecture and Nvidia’s newly announced Vera Rubin platform.
The senators have called on Nvidia to provide a comprehensive timeline and explanation of the project, including details of any planned research and engineering activities at the site.
Morgan Stanley said Nvidia is “putting digestion fears fully to rest” with accelerating growth beyond China headwinds, adding that the bear case is fading and “everything should get better from here.”
According to the Finchat-compiled consensus, Nvidia is expected to report adjusted earnings per share of $0.75 and revenue of $43.25 billion for the first quarter of the fiscal year 2026.
Sacks' remarks came shortly after Dutch Foreign Affairs Minister Caspar Veldkamp disclosed that China had renewed its appeals for the Netherlands to relax export controls on semiconductor technology.
AMD and Nvidia are in a heated AI arms race, making ETFs with high exposure to the chip wars a good bet. AMD launched new gaming chips, while Nvidia signed a historic deal with Saudi Arabia.
Citi noted that the move could help AMD reduce time-to-market for its data center chips and build more complete system solutions, an area where Nvidia already holds an edge with its tightly integrated GPU and system offerings.
According to a report by Reuters, no formal decision has been made yet, but Intel has been approaching investment bankers to select an adviser for the sales process.
U.S. stocks traded mixed Thursday, with major indices posting timid midday gains as investors digested fresh economic data revealing signs of consumer strain and disinflationary pressure stemming from April's tariff escalation.
CEO Lisa Su said the new stock buyback authorization underlined the board's confidence in the company's strategic direction, growth prospects, and ability to consistently generate strong free cash flow.
Nvidia stock has been stuck in a rut since it hit an all-time high of $153.13 in January, stymied by the Trump administration's China chip curbs and tariff uncertainty.
Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges from the Middle East.
