Seeking Alpha’s roundup of statements, announcements and remarks that could impact the technology sector.
- Nvidia (NASDAQ:NVDA) CEO Jensen Huang said the company selling its Blackwell AI chips in China is a “real possibility.”
“The opportunity for us to bring Blackwell to the China market is a real possibility,” Huang said on the company’s quarterly earnings call, according to CNBC. “We just have to keep advocating the importance of American tech companies to be able to lead and win the AI race, and help make the American tech stack the global standard.”
- Stanford researchers said AI adoption is already having a significant impact on the availability of entry-level white collar jobs.
Based on an analysis of ADP payroll records, the researchers found that employment in AI-exposed sectors such as customer service, accounting, and software development has declined 13% since 2022 for workers aged 22 to 25.
“Early, large-scale evidence [was] consistent with the hypothesis that the AI revolution is beginning to have a significant and disproportionate impact on entry-level workers in the American labor market,” the researchers said in the study, according to CNBC.
- Intel (NASDAQ:INTC) CFO David Zinsner said the company received $5.7 billion in cash on Wednesday as part of a deal with the Trump administration that will see the federal government take a roughly 10% stake in the chipmaker.
Zinsner said at an investor conference that the deal was intended to provide an incentive for Intel to maintain control over its foundry operations. The deal also gives the government a 5% warrant in case Intel’s stake in the business falls below 51%.
“I don’t think there’s a high likelihood that we would take our stake below 50%,” Zinsner said, according to Reuters. “So ultimately, I would expect (the warrant) to expire worthless.”