Ed Ludlow

As we understand it, right, the president was presented with a range of options from exporting no technology at all to the latest technology, and they landed somewhere in the middle.

Take it from there and what else we reported and what we know about the Huawei Cloud Matrix 384 system.

The main focus, as I understand it, is that H200 is 18 months behind Blackwell, generation to generation, and that's the comfort level this administration has.

NVIDIA's down 1.3% in the session right now.

The other big report out there is from the Information, which reported that DeepSeq smuggled in thousands of Blackwell chips

into China, getting them from countries of origin where they were allowed, dismantling the servers.

Nvidia has come out with a statement, Maggie, pushing back on that report.

Let's start with that Nvidia statement, please.

Bloomberg's Maggie Eastland, who's out in D.C., covers the intersection of tech and politics with the reporting.

Thank you very much.

Another story, Amazon pledged to invest $35 billion in India over the next five years, boosting its spending in the key growth market to expand in businesses from quick commerce to cloud computing.

The e-commerce giant says it will invest in areas such as AI and logistics infrastructure, and that the planned outlay through 2030 will help create an additional one million jobs in India.

Oracle reporting earnings after the bell.

This is the story.

They expect on the street the backlog to grow.

Remaining performance obligations, basically deals signed but revenue not booked to continue pushing north of $500 billion.

But Oracle's got a very big debt pile.

And the one metric we're looking at, negative free cash flow, expected to be almost $6 billion in the quarter.

Let's preview, let's discuss.

Siti Panegrahi, Managing Director, Senior Analyst at Mizuho, covering SaaS, but also covering Oracle.