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Market News
Latest financial news and analysis from global markets
NVDA
Stock Market Today: Dow Touches 50,000 Level As Cisco Soars; Trump, Xi Meet (Live Coverage)
The Dow Jones rose with Cisco soaring on earnings, while fellow Dow stocks Nvidia and Boeing could be Trump-Xi summit winners.
NVDA
US clears sales of Nvidia's H200 chip to 10 China firms
<body><p>STORY: The U.S. has cleared around 10 Chinese firms to buy Nvidia's second-most powerful AI chip, the H200.</p><p>That's according to three sources speaking to Reuters.</p><p>But they said not a single delivery has been made so far.</p><p>It's left a major tech deal in limbo as CEO Jensen Huang looks for a breakthrough in China this week.</p><p>A source said Huang joined the US delegation to Beijing after a late invitation from Donald Trump.</p><p>The U.S. President picked him up in Alaska en route to a summit with Chinese President Xi Jinping.</p><p>Huang's presence raised hopes the trip could finally unlock stalled efforts to sell the H200 chips in China.</p><p>Sources said the U.S. Commerce Department has approved around 10 Chinese companies to buy the H200.</p><p>Those firm include Alibaba, Tencent, ByteDance and JD.com, and some distributors like Lenovo and Foxconn.</p><p>The sources added buyers can buy either directly from Nvidia or through those intermediaries.</p><p>And each approved customer can purchase up to 75,000 chips under the U.S. licensing terms.</p><p>A spokesperson for the U.S. Department of Commerce declined to comment.</p><p>Chinese authorities didn't respond to requests for comment either.</p><p>Huang told state broadcaster CCTV on Thursday he hoped Trump and Xi would build on their good relationship during talks in Beijing.</p><p>One source said deals have stalled despite U.S. approval as Chinese firms have pulled back after guidance from Beijing.</p><p>They added the shift in China was partly caused by changes on the U.S. side, though it isn't clear what exactly shifted.</p><p>A separate source said pressure is mounting in Beijing to block or tightly vet the orders.</p><p>Beijing's hesitation reflects strategic thinking as the government fears imports could weaken a push to develop homegrown AI chips.</p><p>China's AI chips still lag behind Nvidia.</p><p>But local firms like DeepSeek have promoted their reliance on domestic chips, including those developed by Huawei.</p></body>
AAPL
Is Fastly Stock a Buy After Carlson Investments Initiated a Position Worth $3.5 Million?
Fastly delivers edge cloud infrastructure and security solutions for enterprises across digital publishing, retail, and financial services.
GOOGL
Is Fastly Stock a Buy After Carlson Investments Initiated a Position Worth $3.5 Million?
Fastly delivers edge cloud infrastructure and security solutions for enterprises across digital publishing, retail, and financial services.
INTC
Dirt Cheap Stocks to Buy With $1,000 Right Now
These three consumer stocks are cheap with solid growth opportunities ahead.
GOOGL
Hedge Fund Takes New Position in Logistics Stock, According to Recent SEC Filing
Pitney Bowes provides technology and logistics solutions for global businesses, with offerings in ecommerce, mail processing, and shipping.
ORCL
Cisco surges on Q3 AI demand, while cutting 4,000 jobs in AI overhaul
Cisco Systems (CSCO) stock has surged by double-digits since reporting fiscal third quarter results in Wednesday's extended hours, topping Wall Street expectations with revenue of $15.84 billion and adjusted earnings of $1.06 per share. This comes after the cloud operator laid off 4,000 workers as part of a new AI-focused restructuring. Hennion & Walsh CIO Kevin Mahn and Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma take a closer look at the AI demand propelling Cisco, the cloud operator's outlook, and its recent job cuts.
NVDA
Wall St opens higher as Nvidia gains; US-China talks, data in focus
May 14 (Reuters) - Wall Street stock indexes opened higher on Thursday as Nvidia's shares jumped, while investors assessed economic data and watched developments around the high-stakes U.S.-China
INTC
Why Intel (INTC) Stock Is Trading Up Today
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 2.6% in the afternoon session after worries about a global chip shortage reached parabolic territory driven by AI optimism and strong investor momentum.
NVDA
Cisco Stock Soars After Earnings. Its DotCom Past Is Coming ’Round Again.
Cisco stock could be a big artificial intelligence winner. Cisco said it has taken $5.3 billion of artificial-intelligence infrastructure orders from hyperscalers so far this fiscal year and raised its full-year expectations to orders of $9 billion, up from $5 billion. “Massive déjà vu here from 1990s—but it actually could be just beginning for Cisco as their investments in silicon and optics pay off,” Melius Research analyst Ben Reitzes wrote in a note late Wednesday.
INTC
Cisco, Intel, and Corning Are Hitting New Highs. Is a 2000-Style Crash Next?
The dot-com bubble began to burst in the spring of 2000, when presidential candidates George Bush and Al Gore emerged from their party conventions, the human genome project unveiled its first draft, and ‘American Beauty’ dominated the Oscars with five awards, including best picture. More than a quarter-century later, however, those same three stocks are leading an old-tech revival that has powered U.S. markets to a series of record highs, paced by an insatiable appetite for all things related to artificial intelligence. Investors are seeing few signs of a pullback like the one during the turn of the century crash that rocked tech markets for a decade.
NVDA
Cisco, Intel, and Corning Are Hitting New Highs. Is a 2000-Style Crash Next?
The dot-com bubble began to burst in the spring of 2000, when presidential candidates George Bush and Al Gore emerged from their party conventions, the human genome project unveiled its first draft, and ‘American Beauty’ dominated the Oscars with five awards, including best picture. More than a quarter-century later, however, those same three stocks are leading an old-tech revival that has powered U.S. markets to a series of record highs, paced by an insatiable appetite for all things related to artificial intelligence. Investors are seeing few signs of a pullback like the one during the turn of the century crash that rocked tech markets for a decade.