WS #12536
US and China to hold AI discussions in September, with Treasury Secretary Bessent leading the US delegation; location and agenda still under deliberation. Morgan Stanley downgraded CRM, WDAY, INTU and other major software stocks, citing slow AI payoff and weakness in legacy businesses, slashing price targets. Nvidia disclosed a 9.3% stake in Nebius (NBIS) after committing to a $2 billion investment in March, signaling commitment to AI cloud infrastructure.
US-China AI Talks
US and China to hold AI discussions in September, with Treasury Secretary Bessent leading the US delegation; location and agenda still under deliberation.
Morgan Stanley downgraded CRM, WDAY, INTU and other major software stocks, citing slow AI payoff and weakness in legacy businesses, slashing price targets.
Nvidia disclosed a 9.3% stake in Nebius (NBIS) after committing to a $2 billion investment in March, signaling commitment to AI cloud infrastructure.