Latest news with #JimBanks
Bloomberg
2 days ago
- Business
- Bloomberg
Nvidia Faces Bipartisan Concern Over Chinese Facility Report
Republican Senator Jim Banks and Democrat Elizabeth Warren are demanding answers from Nvidia Corp. CEO Jensen Huang on his firm's reported plans to open a research facility in Shanghai, saying the decision 'raises significant national security and economic security concerns.' Banks and Warren were reacting to a Financial Times report that Nvidia is opening a research and development center in the Chinese city. The news organization, citing people with knowledge of the matter, said the facility would be used for a potential expansion as well as existing employees and that the company is advertising to hire artificial intelligence talent in China.
Epoch Times
2 days ago
- Business
- Epoch Times
Senators Say Nvidia's Shanghai Expansion Is a Serious National Security Risk
Sens. Jim Banks (R-Ind.) and Elizabeth Warren (D-Mass.) are seeking answers from Nvidia about the AI chip company's planned facility expansion in China. In a May 28
Yahoo
3 days ago
- Business
- Yahoo
Senators Probe Nvidia's China Expansion
Nvidia (NASDAQ:NVDA) dipped this morning after Senators Elizabeth Warren and Jim Banks pressed the chipmaker for details on its planned China facility, citing significant national security and economic security issues. Warning! GuruFocus has detected 4 Warning Signs with NVDA. In a letter to CEO Jensen Huang, the lawmakers demanded a comprehensive timeline and clarification on job postings tied to the Shanghai center, even as Nvidia insists it's merely leasing space for existing staff and won't ship GPU designs overseas for alteration. Roughly half of the world's AI researchers are based in China, underscoring the strategic importance of the site. This scrutiny follows Nvidia's recent export-controls-impacted beat on Q1 results and guidance, raising fresh questions on navigating tech tensions. Investors should care because heightened political oversight could delay or alter Nvidia's China expansion plans, potentially weighing on its fastest-growing market and complicating supply-chain dynamics. With Congressional hearings on tech exports looming, markets will watch for Nvidia's response and any regulatory pushback before its next earnings update. Nvidia has a 12-month price target of $166.56, suggesting a potential upside of 23.55%, according to GuruFocus. The most optimistic projection reaches $235.90, while the lowest estimate sits at $100. The GF Value, a proprietary valuation metric from GuruFocus, is even higher at $265.20highlighting analyst confidence despite recent market volatility. Nvidia has a 12-month price target of $166.56, suggesting a potential upside of 23.55%, according to GuruFocus. The most optimistic projection reaches $235.90, while the lowest estimate sits at $100. The GF Value, a proprietary valuation metric from GuruFocus, is even higher at $265.20highlighting analyst confidence despite recent market volatility. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Senators Probe Nvidia's China Expansion
Nvidia (NASDAQ:NVDA) dipped this morning after Senators Elizabeth Warren and Jim Banks pressed the chipmaker for details on its planned China facility, citing significant national security and economic security issues. Warning! GuruFocus has detected 4 Warning Signs with NVDA. In a letter to CEO Jensen Huang, the lawmakers demanded a comprehensive timeline and clarification on job postings tied to the Shanghai center, even as Nvidia insists it's merely leasing space for existing staff and won't ship GPU designs overseas for alteration. Roughly half of the world's AI researchers are based in China, underscoring the strategic importance of the site. This scrutiny follows Nvidia's recent export-controls-impacted beat on Q1 results and guidance, raising fresh questions on navigating tech tensions. Investors should care because heightened political oversight could delay or alter Nvidia's China expansion plans, potentially weighing on its fastest-growing market and complicating supply-chain dynamics. With Congressional hearings on tech exports looming, markets will watch for Nvidia's response and any regulatory pushback before its next earnings update. Nvidia has a 12-month price target of $166.56, suggesting a potential upside of 23.55%, according to GuruFocus. The most optimistic projection reaches $235.90, while the lowest estimate sits at $100. The GF Value, a proprietary valuation metric from GuruFocus, is even higher at $265.20highlighting analyst confidence despite recent market volatility. Nvidia has a 12-month price target of $166.56, suggesting a potential upside of 23.55%, according to GuruFocus. The most optimistic projection reaches $235.90, while the lowest estimate sits at $100. The GF Value, a proprietary valuation metric from GuruFocus, is even higher at $265.20highlighting analyst confidence despite recent market volatility. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 days ago
- Business
- Bloomberg
Nvidia Faces Bipartisan Concern on China Research Facility Plans
Republican Senator Jim Banks and Democrat Elizabeth Warren are demanding answers from Nvidia Corp. CEO Jensen Huang on his firm's reported plans to open a research facility in Shanghai, saying the decision 'raises significant national security and economic security concerns.' Banks and Warren were reacting to a Financial Times report that Nvidia is opening a research and development center in the Chinese city. The news organization, citing people with knowledge of the matter, said the facility would be used for a potential expansion as well as existing employees and that the company is advertising to hire artificial intelligence talent in China.
