Tech stocks led markets lower on Wednesday as the broader mood stayed muted after the Federal Reserve's latest interest rate decision saw the central bank keep rates unchanged in a range of 4.25%-4.5%.
Trump administration officials are exploring additional curbs on the sale of Nvidia (NVDA) chips to China, Mackenzie Hawkins and Jenny Leonard
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.
EST Trump administration weighs tighter curbs on Nvidia (NVDA) sales, Bloomberg saysInvest with Confidence: Follow TipRanks' Top Wall
Advantest Corp. raised its annual forecast above analyst estimates on strong demand for chip testers, a move that may allay concerns that Chinese startup DeepSeek’s rise would dampen big artificial intelligence-related spending.
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Nvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about the competitiveness of American AI firms and their spending on the emerging technology.
Chinese artificial intelligence startup DeepSeek is being quizzed by Ireland’s privacy watchdog amid concerns over the way it’s processing data related to citizens in the nation.
Norway’s $1.8 trillion wealth fund ended 2024 with a tech-heavy top ten, just as the success of the artificial intelligence model developed by Chinese startup DeepSeek raises the specter of a correction in the AI-driven stock rally.
Nvidia shares hit their lows of the day on Wednesday after Bloomberg reported Trump administration officials are "exploring additional curbs" on the company's chip sales to China.