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Nvidia says it follows export laws 'to the letter' a day after AI chip sales to China stopped

Source: cnbc.com | By Kif Leswing

Published on: 2025-04-23 19:39:40

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025. A day after Nvidia revealed it would incur $5.5 billion in costs related to canceled orders for the H20 chip, which the government said this week requires a license to export to China, the company said it abides by rules on where it can sell its artificial intelligence processors. "The

Keywords: china company nvidia said wednesday

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Tech Stocks Are Collapsing After Trump's Disastrous Tariff Stunt

Source: futurism.com | By Unknown

Published on: 2025-05-02 08:21:34

President Donald Trump's major flip-flop on his aggressive tariff plan had global markets rallying on Wednesday. But analysts warned investors to look out for a "dead cat bounce," a term signifying a brief rebound during a moment of free fall or uncertainty. They were right to be skeptical. While Trump announced a 90-day pause of his aggressive so-called "reciprocal " tariffs, the administration still implemented a blanket ten percent tariff and maintained a steep 125 percent tax on Chinese go

Keywords: china percent tech trump wednesday

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Nasdaq drops 4%, a day after biggest rally since dot-com crash

Source: cnbc.com | By Samantha Subin

Published on: 2025-05-03 11:50:37

Technology stocks plummeted Thursday and the Nasdaq Composite dropped 4% on the heels of its record-setting day ever jump Wednesday. Stocks posted a monster rally Wednesday after President Donald Trump announced a 90-day pause on some tariffs and dropped the tariff on most countries to 10% to allow negotiations. However, the White House confirmed Thursday to CNBC that the cumulative tariff rate on China would total 145%. Markets reversed course Thursday. Apple declined 4%, giving back some of

Keywords: day dropped tariff thursday wednesday

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Nasdaq heads for worst drop in five years, a day after biggest rally since dot-com crash

Source: cnbc.com | By Samantha Subin

Published on: 2025-05-03 19:47:12

Technology stocks plummeted Thursday and the Nasdaq Composite headed for its worst day since 2020 on the heels of its record-setting day ever jump Wednesday. The tech-heavy index dropped more than 7% and was on pace for its eight-worst day over the past two decades. Six of the last seven biggest drops came during the 2008 financial crisis and the early days of the Covid pandemic. Stocks posted a monster rally Wednesday after President Donald Trump announced a 90-day pause on some tariffs and d

Keywords: day dropped stocks thursday wednesday

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Fintech's Affirm, Paypal sink as stocks pull back from massive tariff pause rally

Source: cnbc.com | By Mackenzie Sigalos

Published on: 2025-05-04 03:01:54

Ahead of the market rally on Wednesday, Evercore ISI analyst Adam Frisch initiated coverage of Affirm with an Outperform rating and a $50 price target when shares were trading at around $37. Affirm closed Wednesday at $44. Affirm led the rebound on Wednesday. The buy now, pay later firm closed Wednesday up nearly 22%, clawing back steep losses from earlier in the week. Shares plunged after the initial tariff news rattled growth stocks and sparked fears of a consumer spending slowdown. But the r

Keywords: affirm credit evercore frisch wednesday

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Apple has best day since 1998 on Trump's 90-day tariff pause

Source: cnbc.com | By Kif Leswing

Published on: 2025-05-05 02:21:34

Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters in Cupertino, California, on Sept. 9, 2024. Apple shares skyrocketed 15% on Wednesday after President Donald Trump announced a 90-day pause on his administration's "reciprocal tariffs," which would have affected the company's production locations in Vietnam, India and Thailand. The rally added more than $400 billion to Apple's market cap, which now stands just under $3 trillion. It was Apple's bes

Keywords: apple china tariffs trump wednesday

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Dot-com bust, 1987 crash had massive relief rallies similar to Wednesday's pop

Source: cnbc.com | By Ari Levy

Published on: 2025-05-05 11:27:09

The Nasdaq Marketsite is seen during morning trading on April 7, 2025 in New York City. Every bear market has days like this. The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest rally since January 2001, which was the middle of the dot-com crash. During the financial crisis in October 2008, the Nasdaq enjoyed two of its best five days ever. The other two came as the tech bubble was bursting. The index's sixth-best day since its beginning

Keywords: best days nasdaq trump wednesday

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Jenna Ortega Shares a Knife-Slim Bit of Insight Into Her Scream Exit

Source: gizmodo.com | By Cheryl Eddy

Published on: 2025-05-10 11:30:59

Jenna Ortega’s star has long since elevated beyond the Scream series—she has Wednesday season two coming up, co-starred in Beetlejuice Beetlejuice, and is in current A24 release Death of a Unicorn, to name more credits on her ever-growing resume. But her exit from the popular slasher franchise came at such a fraught moment, not longer after co-star Melissa Barrera was fired for social media posts in support of Palestine, made people wonder exactly what happened behind the scenes. At the time, t

Keywords: cut ortega scream star wednesday

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ChatGPT’s new AI image feature is delayed for free users

Source: techcrunch.com | By Maxwell Zeff

Published on: 2025-05-27 23:34:03

In Brief OpenAI CEO Sam Altman announced on Wednesday that the rollout of ChatGPT’s viral new AI image features to free users would be delayed, citing significantly higher demand than the company expected. “Images in ChatGPT are wayyyy more popular than we expected (and we had pretty high expectations),” Altman said in a post on X on Wednesday. On Tuesday, the company announced the launch of GPT-4o’s native image generation, which lets users upload and modify images, saying it would soon come

Keywords: capacity chatgpt company openai wednesday

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