Intelligence agencies conclude former Megaspeed executive Alice Huang acted for Beijing while in contact with Nvidia CEO Jensen Huang, as AI spending worries send the Nasdaq down 2.9% and Intel down 28.6%.
By Lazy Tensor4 min read
U.S. intelligence and Justice Department investigators are examining Singapore-based Megaspeed and $4.8 billion in Nvidia-equipped AI hardware purchases in Malaysia, while AI capital expenditure concerns weighed on semiconductor equities Friday.
