BANGKOK (AP) — Shares in computer chip makers slumped in after-hours trading and in Asia after Nvidia said tighter U.S. government controls on exports of computer chips used for artificial intelligence will cost it an extra $5.5 billion. The company, which announced Monday that it will produce its artificial intelligence super computers in the United…
Hong Kong stocks fell sharply on Wednesday, as investors fretted over the ongoing US-China trade war that shows no signs of dying down, while ignoring China’s economic growth in the first quarter. Disappointing data from China’s property sector did not help sentiment either. The Hang Seng Index dropped 2.5 per cent to 20,922.54 at the…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Shares were mostly lower Wednesday in Asia after a rare quiet day on Wall Street and in other global financial…
China’s economy grew more than expected in the first quarter but officials warned it was facing pressure from US tariffs (-) Asian stocks swung Wednesday after Nvidia’s announcement of new US licensing rules on shipments of its new chip to China rattled investor confidence already shot by Donald Trump’s sweeping trade war. After a relatively…
Nvidia warned that it expects a $5.5 billion hit to its revenue after the Trump administration blocked sales of its China-specific AI chips, a move that could reshape the global chip race and deepen the technology rift between the US and China.In a regulatory filing, Nvidia said it had been notified that the US government…
TAIPEI, TAIWAN – MARCH 26: A circuit board featuring technologies of Snapdragon and semiconductor firm Qualcomm is seen at the AI Expo Taiwan, in Taipei, Taiwan, on March 26, 2025. Daniel Ceng | Anadolu | Getty Images The U.S. Commerce Department said on Tuesday it was issuing new export licensing requirements for Nvidia’s NVDA.O H20,…
By Stella Qiu SYDNEY (Reuters) – Shares fell in Asia on Wednesday as AI darling Nvidia (NVDA) took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure. Data showed that China’s economy…
Shares of major U.S. banks surged after Bank of America (BAC) and Citigroup (C) became the latest lenders to report better-than-expected first-quarter earnings on the back of a stock-trading boom. Bank of America shares were up 4.5% Tuesday afternoon, while those of Citi were 3.8% higher. Both banks were among the top gainers on the…
Technology stocks are surging after news spread that President Trump’s administration would exempt smartphones, computers and other electronics amid an otherwise escalating trade war with China. That has some wondering whether now is the time to go ahead and buy certain gadgets, or whether it’s smarter to wait. Like many a 19-year-old, Jazzmine Rayford’s eyes…
Nvidia expects up to about $5.5 billion in charges as a result of the Trump administration’s licensing requirement to export the company’s H20 chips to China, according to a Tuesday evening SEC filing. The company said in the filing that the government informed Nvidia that the export rule would be “in effect for the indefinite…