DAVOS, SWITZERLAND — Scale AI CEO Alexandr Wang has ignited geopolitical tensions in the artificial intelligence sector by alleging that DeepSeek, a rising Chinese AI lab, has stockpiled approximately 50,000 NVIDIA H100 GPUs — advanced chips banned for export to China under U.S. sanctions.

Nvidia CEO Jensen Huang said Friday he will ... to attend the inauguration — even skipping the opening of the World Economic Forum in Davos, Switzerland, to remain in DC. Huang also said he ...

The Dow Jones index rose but other indexes lagged in the stock market today. Yield rose as investors awaited Trump's Davos address.

The S&P 500 ( ^GSPC) jumped over 0.5% to secure its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, while the Nasdaq Composite ( ^IXIC) recovered from earlier session losses to finish the day up about 0.2%.

The Promenade in Davos, Switzerland is the focal point of the World Economic Forum's annual meeting in the Swiss ski town — and AI is front and center

Schneider Electric is keen to cooperate with U.S tech giant Nvidia in developing data centers in Vietnam, said Jean-Pascal Tricoire, chairman of the French industrial technology giant.

Leading business and political figures attending the World Economic Forum meeting in Davos, Switzerland, have discussed and debated topics such as technology, tariffs, climate change, Ukraine, Gaza and the global economy this week.

JPMorgan Chase & Co. Chief Executive Jamie Dimon said this week that asset prices, including stocks, were "kind of inflated, by any measure," during a CNBC interview at the World Economic Forum in Davos, Switzerland.

The Dow Jones Industrial Average fell 140.82 points, or 0.32%, to 44,424.25, the S&P 500 lost 17.47 points, or 0.29%, to 6,101.24 and the Nasdaq Composite lost 99.38 points, or 0.50%, to 19,954.30.

It's the last full day of the WEF in Davos, where the rich and powerful were discussing the economy and tech. Then Donald Trump showed up.

Discover how the $500 billion AI infrastructure initiative by OpenAI, SoftBank, Oracle, and MGX is creating investment opportunities in multiple sectors.

Meta Platforms CEO Mark Zuckerberg revealed plans to build a massive artificial intelligence data center, but Nvidia dipped slightly. Read more here.