The smugglers are facing decades in prison for an alleged conspiracy that involved routing highly coveted chips through Malaysia and Thailand.

Prosecutors have accused Brian Raymond, founder of AI infrastructure and consulting company Bitworks, and three others of selling coveted Nvidia chips to unspecified Chinese companies.

U.S. technology stocks failed to hold on their initial gains on Thursday, as a rally driven by Nvidia ran out of steam with concerns of lofty valuations in the technology space coming back to the fore.

Wall Street forecasts another booming quarter of growth for Nvidia’s AI chip business. Here are the crucial numbers to watch when the tech giant releases results after the market close on Wednesday: Revenue: Expected to rise 56% from a year earlier to $54.

Nvidia's record quarter and CEO Jensen Huang's comments spotlight high expectations, AI bubble concerns, and the company's market-shaking influence.

Asian chip stocks fell in early trading, tracking Nvidia's losses in the U.S., despite the American AI chip darling posting strong third-quarter earnings.

The chip maker reported record revenue, beating Wall Street estimates and increasing current-quarter guidance.

Michael Burry of "The Big Short" fame once again went after Nvidia over its chips' longevity, its stock dilution, and "give-and-take deals" in AI.