China, NVIDIA and U.S. curbs
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S&P closes higher on trade hopes, Nvidia lifts NasdaqWall Street closed higher on Monday as investors were still optimistic over trade talks between the United States and its trading partners despite President Donald Trump's latest salvo to double tariffs on imported steel and aluminum.
Nvidia results pleased investors and eased fears over China tariffs and separately a court ruled President Trump’s tariffs are illegal with the White House vowing to appeal and Elon Musk is officially done with DOGE.
A big rally for stocks that began in Asia is easing off the accelerator amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs
The company continued to grow fast in its most recent quarter despite new rules restricting the sale of A.I chips to China.
The first phase of that project will be the 1-gigawatt Stargate UAE project, built by state-backed UAE firm G42 in partnership with US firms OpenAI, Oracle, Nvidia and Cisco Systems, as well as Japan’s SoftBank Group.
(Reuters) -China's biggest technology companies have begun the process of switching to homegrown chips as they contend with a dwindling stockpile of Nvidia processors and tightening United States export controls, the Financial Times reported on Thursday.
Jensen Huang, the chipmaker’s top executive, said the attempt to cut off the flow of advanced A.I. chips spurred Chinese companies to “accelerate their development.”
NORRKOPING, Sweden (Reuters) -Nvidia CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden.
OpenAI and Nvidia will join other companies to build Stargate UAE, an artificial intelligence infrastructure cluster, in a sister project to the recently unveiled push to expand AI infrastructure in the United States.
U S Stock market indexes closed higher on Monday as investors were still optimistic over trade talks between the United States and its trading partners despite President Donald Tr