We recently announced a list of 10 AI Stocks Beats on Today's News. In this article, we're going to look at where Alphabet Inc. (NASDAQ: GOOG) stands against other AI stocks that swell on news today.
In the latest efforts to prevent China from proceeding in the AI race, Trump's administration is considering penalties that would prevent China's Deepseeek from buying US technology, according to reports The New York Times. It was also reported that the administration is currently discussing the access of Americans to their services. Deepseek, a Chinese initial business that shook up Wall Street a few months ago with its cheaper and more efficient AI models, has had the United States taking solid steps to tighten regulators and scrutinize technology investments.
One of the key focus of US Fu Nvidia export controls, whose chips were used to build ai deepseeek AI models. Although the US had strict export controls, the initialization was able to access thousands of its GPUs, raising concerns about the effectiveness of the said regulators. As a result, US officials are now aiming to prevent the most advanced chips being sold to China to prevent them from being guided in the AI race.
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The US House Select Committee on China said “it had sent a formal letter to Nvidia demanding answers for sales to China and South -East Asia to explore whether its chips were powering Deepseek AI models and how – despite US export restrictions”.
With the government tightening its export rules to China, the AI chip maker has revealed how it would face $ 5.5bn (£ 4.2bn) in costs. The company will now need licenses to export its H20 AI chip to China, one of its most popular chips.
“The (government) noted that the license requirement addresses the risk to which the indoor products can be used in an supercomputer in China.”
The company also said that federal officials had been advised that the license requirement will “be in force for the indefinite future”.
According to Marc Einstein of counterpoint research consultancy, the $ 5.5bn hit is in line with estimates.
“As we have seen in the past few days and weeks, this can be largely a negotiation tactic. We will not be surprised to see some exceptions or changes made to a tariff policy in the near future.”
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular with hedge funds. Hedge fund data is from CH4 2024.
