The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer.
Read More The Dow hits a record as 3M, Coca-Cola and other big US stocks climbTag: Commerce Department
Nvidia, AMD to pay 15% of China chip sale revenue to US, official says
Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips in an unusual move likely to faze American companies.
Read More Nvidia, AMD to pay 15% of China chip sale revenue to US, official saysDOJ: 2 Chinese nationals arrested for allegedly illegally sending AI chips to China
Two Southern California residents have been arrested for allegedly illegally exporting “tens of millions of dollars’ worth of sensitive microchips used in artificial intelligence (AI) applications” to China.
Read More DOJ: 2 Chinese nationals arrested for allegedly illegally sending AI chips to ChinaWall Street jumps as Microsoft enters $4 trillion club after results
The S&P 500 and Nasdaq climbed to new record highs after Microsoft’s blockbuster earnings and investor confidence in artificial intelligence.
Read More Wall Street jumps as Microsoft enters $4 trillion club after resultsUS retail sales beat expectations in June
Retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.
Read More US retail sales beat expectations in JuneExclusive: US lawmaker targets Nvidia chip smuggling to China with new bill
A U.S. lawmaker plans to introduce legislation to verify the location of AI chips like those made by Nvidia after they are sold.
Read More Exclusive: US lawmaker targets Nvidia chip smuggling to China with new bill
