Chinese AI startup Moonshot's Kimi models are powered in part by around 20,000 Nvidia Hopper chips supplied through a computing agreement with Alibaba, according to sources. Bloomberg's Peter Elstrom explains what the arrangement reveals about China's AI infrastructure and the role of US technology.
Chinese AI champion Moonshot has a computing power agreement with Alibaba Group Holding Ltd. for the use of around 20,000 Nvidia Corp. chips. This underscores China’s continued reliance on Western semiconductors to fuel its AI development, according to people with knowledge of the companies’ operations.
US stocks rose on Thursday as Microsoft Corp. soared 17% after reporting the fastest cloud unit growth in four years. Strong earnings from Lam Research, Microsoft, and Arm boosted hard-hit semiconductor stocks, leading to significant gains for companies like Micron Technology and Nvidia Corp.
US stocks rose at the open on Thursday as Microsoft Corp. soared 16% after reporting the fastest cloud unit growth in four years.
Nvidia is working on a fresh round of AI deals worth more than $750 billion, accelerating investments that skeptics have warned are artificially inflating demand and valuations across the industry.
Chip stocks have shed more than $1 trillion as the selloff intensifies, primarily affecting companies like Nvidia, SK Hynix, and Samsung Electronics. The South Korean stock market has hit a three-month low, with SK Hynix and Samsung falling by more than 10% amid renewed fears over AI spending and competition from China.
Nvidia is implementing a financing strategy that allows its customers to buy more of its products than they could otherwise afford. This approach, referred to as 'circular financing,' involves the chipmaker essentially writing cheques to facilitate these purchases.
U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
Apple's stock is on track to see its best monthly performance in more than two decades relative to the Nasdaq-100.
Nvidia Corp. Chief Executive Officer Jensen Huang defended open-weight artificial intelligence systems as crucial to developing the nascent AI industry. This statement comes as officials in Washington consider how to respond to a surprise breakthrough from Chinese startup Moonshot.
Nvidia CEO Jensen Huang met Tuesday with Commerce Secretary Howard Lutnick as the Trump administration investigates potential violations involving Nvidia chip exports to China.
Chinese startup Moonshot AI is seeking access to more of Nvidia Corp.’s advanced Blackwell chips to train the next version of its model, Kimi K4, The Information reported, citing sources it didn’t name.
Did China build a top-tier AI model by itself? A new report suggests Nvidia chips played a role.
Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
Moonshot has Nvidia chip cluster from Alibaba computing deal, Bloomberg News reports
Nvidia Stock Rises. Thank Amazon.
Michael Burry Expands Bets Against Nvidia, Micron— and Is Now Buying Lululemon and DraftKings
Microsoft's Earnings Beat: A Ripple Effect Across ETF Landscape
Beyond Moore's Law: The Full Stack Driving AI in 2026