Thinking Machines Lab Raises $2B at $12B Valuation Amid Nvidia AI Chip Sales Resumption in China

Meta CEO Mark Zuckerberg announced a massive investment in building mega data centers in the U.S. to advance the development of artificial superintelligence, with the first new center launching next year. Meanwhile, Nvidia is resuming sales of AI chips to China following a U.S.-China trade truce, reversing previous export curbs linked to military concerns and recovering billions in lost sales. President Donald Trump highlighted $90 billion in AI-related investments in Pennsylvania and emphasized America's lead over China in AI capabilities during a meeting with tech and energy executives. The U.S. Department of Defense has awarded AI contracts to major firms including OpenAI, Google, Anthropic, and xAI to develop AI agents addressing national security challenges. Nvidia's strong performance helped lift the Nasdaq to record highs despite mixed stock market results influenced by rising bond yields and inflation concerns. Large-cap technology stocks like Nvidia, Microsoft, and Meta are viewed as safer investments amid inflation and tariff worries, driving rotation into these names and supporting the broader market indices.