Nvidia CEO Jensen Huang told employees this week that the company has been pushed into a no-win situation by mounting fears of an AI bubble, even as it continues to post blockbuster results, according to audio of an internal all-hands meeting reviewed by Business Insider.

Gap’s Old Navy brand continues to draw value-focused shoppers, while its namesake brand attracts more high-income and Gen Z consumers, Chief Executive Richard Dickson said. The retailer also said it has sold more of its items at full price, which it expects to drive further growth during the holiday shopping season.

The numbers couldn’t have come at a better time for Nvidia’s new infrastructure partners Brookfield and the Kuwait Investment Authority, which this week unveiled plans to amass a $100 billion portfolio of physical assets that underpin the delivery of AI, including AI factories, power stations and data centers.

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.

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier.

Three Chinese nationals were charged with smuggling Nvidia and HP products to China, according to charges unsealed by the Justice Department on Thursday. Starting in September of 2023, Hon Ning Ho, Brian Raymond, Cham Li and Jing Chen allegedly exported chips to China.

Nvidia continues to prove the AI doubters wrong by delivering quarter after quarter of breakneck earnings growth, maintaining its high margins, and generating substantial excess cash flow despite increased spending.