Nvidia plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months.
Read More Exclusive: Nvidia modifies H20 chip for China to overcome US export controls, sources sayTag: Alibaba
S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation data
The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks including Nvidia weighed.
Read More S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation dataS&P 500, Dow set for best week this year on Trump win, rate cut
The S&P 500 and the Dow edged higher on Friday, putting them on course for their best week this year, as a sweeping Trump victory powered bets of a business-friendly agenda.
Read More S&P 500, Dow set for best week this year on Trump win, rate cutWall St rises on AI euphoria after Micron’s upbeat forecast
Wall Street’s main indexes rose, with the S&P 500 hitting a record high, as Micron’s upbeat forecast revived the frenzy around AI.
Read More Wall St rises on AI euphoria after Micron’s upbeat forecast