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Stock Market Today: Dow Slides On U.S.-China Tensions; Nvidia, Tesla Sell Off (Live Coverage)
The Dow Jones Industrial Average and the other major stock indexes traded sharply lower Tuesday as U.S.-China tensions heated up again. Meanwhile, NvidiaNVDA and TeslaTSLA were early losers on the stock market today.
Nvidia stock fell sharply on Tuesday as investors weighed fresh competitive threats in the artificial intelligence chip market and broader weakness across US equities.
Advanced artificial intelligence chipmakers Nvidia Corp. and Advanced Micro Devices Inc. would have to ensure US companies get priority access to their products before China under legislation the Senate passed,
NVIDIA’s relationship with China has taken a sharp turn as the Chinese government reportedly moves to restrict the import of its AI chips, particularly the RTX 6000D and H20 models.
Nvidia stock (NASDAQ: NVDA) is showing signs of a strong rebound on Monday as it surged over 2% in the premarket trading. The climb came amid overall calm on Wall Street after US President Donald Trump softened his stance on imposing harsh tariffs on China.
Beijing’s antitrust regulator said an initial investigation found that the Santa Clara, California-based chipmaker Nvidia violated China's antimonopoly law.
What's surprising is the organization leading China's AI hardware development effort. That's Alibaba Group ( BABA -8.60%). Yes, China's e-commerce giant. Even more surprising is that the e-commerce powerhouse is doing a great job on the AI development front. It may even become the Nvidia of China.
An executive of a Singaporean firm called Megaspeed socialized with Nvidia’s Jensen Huang. Now the company is being scrutinized by U.S. officials for its ties to China.
Nvidia started producing chips tailored for the Chinese market after former US President Joe Biden banned the company from exporting its most powerful products to China, in an effort to rein in Beijing’s progress on AI.
An investigation has uncovered that a Singapore-based firm with Chinese ties bought $2 billion worth of restricted Nvidia GPUs through Inspur's U.S. subsidiary to funnel them to Malaysia and Indonesia,