White House AI Czar David Sacks and Nvidia’s Jensen Huang reportedly expected the UAE chip-supply agreement to help maintain the U.S.’s AI leadership, keeping China at bay.
The new rule is expected to result in a $110 million reduction in the company’s fourth-quarter revenue and a $600 million decrease in revenue for the next fiscal year (2026).
KeyBanc lifted its price target on Nvidia shares to $250 from $230, pointing to improved Chip-on-Wafer-on-Substrate availability through 2025-2026 and better-than-expected rack production yields.
