Key Points
- Nvidia said it has yet to generate any revenue from chip sales to China.
- Chip sales have come under scrutiny from both Washington and Beijing amid a tech race.
- Chinese AI firms gained ground through IPOs and lower-cost tech.
Nvidia still hasn’t sold its U.S.-approved China AI chips — and it’s worried local AI rivals could take over
Finance
Stocks making the biggest moves after hours: Nvidia, Salesforce, Snowflake, Nutanix & more
Check out the companies making headlines in after-hours trading. Nvidia — Nvidia reported strong earnings and revenue for the fiscal fourth-quarter , leading shares to add more than 1% in extended trading. Nvidia reported adjusted earnings of $1.62 per share, while analysts expected $1.53 per share, according to LSEG. The chipmaker’s revenue of $68.13 billion […]
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Finance
Stocks making the biggest moves midday: Netflix, Coinbase, Diageo, Cava and more
Check out some of the companies making headlines in midday trading. Coinbase — The cryptocurrency exchange’s stock jumped 12% as it launched stock trading on its platform. The move is part of Coinbase’s strategy to become the place for investors to trade not only cryptocurrency but also stocks, exchange traded funds and place prediction market […]
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Finance
Are collectibles a viable asset class? The buyer of the $16.5 million Pokémon card thinks so
Key Points Logan Paul auctioned and sold his Pokémon Illustrator card for a record $16.5 million to AJ Scaramucci. Scaramucci sees the card as an investment, as the trading card market has both grown and seen prices surge in recent years. While collectibles can be a way to diversify portfolios, some warn they shouldn’t be […]
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