Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang says the company’s market share in China has collapsed from 95% to zero. Huang Says ‘We Are 100% Out Of China’ Earlier this week, speaking at the Citadel Securities Future of Global Markets 2025 event, Huang said, “At the moment, we are 100% out of China.” He continued, “We…
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Markets rallied sharply this week following Federal Reserve Chair Jerome Powell‘s dovish signals at the Jackson Hole symposium. The S&P 500 and Dow hit record highs as Powell hinted at possible rate cuts…
Nvidia Corp’s NVDA uneasy dance between Washington and Beijing is quickly becoming a market-defining saga for China-focused tech ETFs. The chipmaker is gearing up to ship its new AI chip, likely to be called the B30A processor, next month, according to a Reuters report. This new product will be a China-specific artificial intelligence chip based…
U.S.-listed Chinese stocks rallied sharply Wednesday morning, as Beijing’s new stimulus targeting consumer loans and service-sector businesses signaled a deeper commitment to reviving domestic demand and supporting economic growth, adding to the momentum sparked two days earlier by President Donald Trump‘s extension of the U.S.-China trade truce. Beijing Backs Borrowers, Bets On Consumption Revival China’s…
Alibaba Group Holding Ltd. BABA BABAF Chairman Joe Tsai announced Tuesday the company will resume hiring, signaling growing confidence in China’s business landscape following recent economic policy shifts. What Happened: Speaking at HSBC’s Global Investment Summit, Reuters reported that Tsai highlighted a pivotal meeting between Chinese President Xi Jinping and private business leaders as a…
The week was abuzz with news from the tech world, with artificial intelligence (AI) taking center stage. From Bill Gates issuing a warning to the next generation to Nvidia Corp. NVDA and Alibaba Group Holding Ltd. BABA making strides in AI, the weekend was anything but quiet. Let’s dive into the top stories. Bill Gates’ Warning to the Next Generation In…
A potential meeting between Chinese President Xi Jinping and Alibaba Group Holding Ltd. BABAF BABA co-founder Jack Ma this week comes as China’s technology stocks continue their strong rally. What Happened: Prominent entrepreneurs including Ma have been invited to meet with China’s top leaders, reported Bloomberg, citing sources. This potential show of support for the…
As China’s tech sector stages a strong comeback, investors are increasingly looking at ETFs as a way to gain exposure to this space. Whether it’s internet giants, broad technology firms, or a mix of leading Chinese companies, ETFs offer a diversified way to take a bite of surrounding China’s innovation boom. Here are three ETFs…
The US stock market experienced a downward trend on Thursday, with both the Nasdaq Composite and the S&P 500 indices falling by nearly 0.6% respectively. The Dow also traded down by 0.5% to 43,750.86. This came amidst news of a 0.2% rise in U.S. producer prices for October. Federal Reserve Chair Jerome Powell highlighted the…