MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
Nvidia’s ability to get a reprieve from restrictions on chip sales to China could mark a shift in the U.S.-China technology rivalry, as well as pave the way to a further de-escalation in the tensions that rattled markets just months ago. The chip manufacturer said overnight that it had been given assurances that it could…
BEIJING CEO of Nvidia Jensen Huang, seen on screen, delivers a speech on stage during the opening ceremony of the third China International Supply Chain Expo, in Beijing, Wednesday, July 16, 2025. (AP Photo/Andy Wong) Nvidia CEO Jensen Huang called China‘s open-source artificial intelligence a “catalyst for global progress” and hailed the country’s innovation in the…
BANGKOK (AP) — Shares in Asia traded mixed on Wednesday after an update on inflation pulled most U.S. stocks lower, though gains for Nvidia pushed the Nasdaq to another record. Tokyo’s Nikkei 225 gained 0.6% to 39,895.84 as the U.S. dollar rose against the Japanese yen, trading near 149 yen. Investors are focused on the…
Hong Kong stocks rose for a fifth straight day amid signs of easing US-China tensions after Nvidia said it would resume sales of some chips to China. The Hang Seng Index advanced 1 per cent to 24,832.43 at 9.50am local time, the highest level since March 19. The Hang Seng Tech Index jumped 2.8 per…
Nvidia (NVDA) stock jumped more than 4% in early trading on Tuesday after the AI chipmaker said it was applying to resume sales of its H20 GPUs in China following a US ban that cost the company billions in lost sales. In a blog post late Monday night, Nvidia said it was filing the application,…
July 15 – The S&P 500 inched to a fresh record above 6,300, while the Nasdaq Composite climbed about 1%, and the Dow Jones Industrial Average lost 213 points (about 1%). Nvidia (NASDAQ:NVDA) led chip stocks higher, jumping more than 4.5% after saying it may soon resume shipments of its H20 GPUs to China. Advanced…
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia (NVDA) looked set to receive a green light for trade with China from the Trump administration. The S&P 500 (^GSPC) traded below the flat line after opening higher, while the…
Nvidia (NVDA) is moving to reestablish its foothold in the Chinese market, announcing late Monday night that it plans to restart sales of its H20 AI chips in the region. The company has also unveiled a new GPU model specifically engineered to align with US export regulations. In a company blog post, Nvidia said it…
Bangkok — Nvidia CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China — a reversal of administration policy. The news came in a company blog post late Monday. Huang also spoke about the coup on China’s…