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 premarket: Delta Air Lines, Levi Strauss, Exxon Mobil & more
Check out the companies making the biggest moves premarket: Delta Air Lines — Shares traded 12% higher, boosted by the steep declines in oil prices after the U.S. agreed to a ceasefire. The airline also posted better-than-expected results for the first quarter, though it issued second-quarter guidance that was below analyst estimates. Levi Strauss — […]
Read More
Finance
Ray Dalio: Trump-Xi meeting to focus on trade, capital flows
Key Points Ray Dalio, founder of hedge fund Bridgewater Associates, told CNBC he expects U.S. and Chinese leaders to find ways to work together. He was speaking after an event in Shanghai in support of bilateral exchanges. U.S. President Donald Trump is due to visit China next month, after postponing initial plans by several weeks […]
Read More
Finance
Stocks making the biggest moves premarket: Broadcom, UnitedHealth, Casey’s General Stores and more
Check out the companies making headlines before the bell: Broadcom , Alphabet — Broadcom on Monday said it agreed to supply artificial intelligence chips for Google and signed an expanded deal with Anthropic to give the AI startup about 3.5 gigawatts worth of computing capacity from Google’s AI processors. Broadcom shares gained 3%, while Alphabet […]
Read More