More than a dozen Chinese entities were added to the restricted trade list, including a company whose TSMC-made chip was illegally incorporated into a Huawei AI processor.
Read More US blacklists company that ordered TSMC chip found in Huawei processor
China said it has launched an investigation into Nvidia Corp over suspected violations of the country’s anti-monopoly law.
Read More China targets Nvidia with antitrust probe, escalating US chip tensions
Apple and Baidu are working to add AI features to iPhones sold in China, but are facing hurdles that could hurt phone sales in the country.
Read More Apple facing hurdles in adapting Baidu AI models for China, The Information reports
Apple is expected to report its biggest quarterly revenue jump in two years, with iPhone demand faring better than recent years toward the end of the company’s annual release cycle
Read More Apple Set for Biggest Revenue Jump in Two Years on IPhone Demand in China
The S&P 500 and the Nasdaq rose on Tuesday as most megacap stocks gained, with focus now moving to key inflation data later this week.
Read More Nasdaq, S&P gain on megacap boost in lead up to inflation report
Apple’s new iPhone 16 failed to excite investors with long-expected AI features still in test mode even as an industry-first tri-fold phone from Huawei raised the stakes.
Read More Apple’s iPhone 16 faces rising challenges with AI delay and growing Huawei competition