Nvidia CEO Jensen Huang and U.S. Secretary of the Interior Doug Burgum attend the “Winning the AI Race” Summit in Washington D.C., on July 23, 2025. Kent Nishimura | Reuters China has told companies to refrain from using Nvidia‘s H20 chips after the chipmaker recently received approval to resume shipping the less-advanced artificial intelligence product,…
Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025. Jim Watson | AFP | Getty Images U.S. President Donald Trump has signaled that he’d be open to allowing Nvidia to sell a downgraded version of its most advanced artificial intelligence…
CNBC’s Jim Cramer argued that President Donald Trump‘s deal with semiconductor giants Nvidia and AMD isn’t necessarily unprecedented. “There’s nothing novel at all about taking a 15% cut. It’s not like Trump’s collecting this money personally…that 15% goes straight to the Treasury,” he said. “To take a 15% cut on their Chinese sales is basically…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks were still trading in the red Monday afternoon despite President Donald Trump announcing the China tariff deadline is being extended another 90 days….
Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could impact the chip giants’ business and whether Washington might seek out similar deals. In exchange for the revenue cut, the two semiconductor companies will…
My top 10 things to watch Monday, Aug. 11 1. Melius Research’s Ben Reitzes downgraded Adobe to sell from hold, arguing that an AI-driven multiple contraction phase is in the early innings for software-as-a-service (SaaS) companies. That includes the likes of Atlassian and Club stock Salesforce . It can still get worse for these names,…
A man walks past China’s and USA’s flags before a meeting between US Treasury Secretary Janet Yellen and China’s Vice Premier He Lifeng at the Guangdong Zhudao Guest House in the southern Chinese city of Guangzhou, on April 5, 2024. Pedro Pardo | Afp | Getty Images The U.S. and China have yet to announce…
A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. Florence Lo | Reuters Nvidia and Advanced Micro Devices have agreed to give the U.S. government a share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with…
U.S. President Donald Trump speaks during an event to honor recipients of the Purple Heart in the East Room of the White House on August 07, 2025 in Washington, DC. Anna Moneymaker | Getty Images President Donald Trump on Friday warned U.S. courts against blocking his tariff policy, citing its “positive impact” on the stock…
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters Shares of Advanced Micro Devices slumped more than 7% after the chipmaker‘s earnings fell short of earnings expectations and raised concerns about…
