ADVFN US – Market Content Editor
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Prices of Nvidia’s Restricted AI Chips Surge on China’s Black Market Amid Export Crackdown (NVDA)
The cost of Nvidia’s (NASDAQ:NVDA) restricted artificial intelligence chips has risen sharply on China’s black market during the past six months as tighter U.S. enforcement measures make it increasingly difficult to move advanced hardware into the country, according to a report from the Financial Times. Black Market Prices Climb as Supply Tightens Citing interviews with…
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Qualcomm Explores Custom Chip Partnership With ByteDance as It Expands Beyond Smartphones (QCOM)
Qualcomm (NASDAQ:QCOM) is in discussions with China’s ByteDance about providing custom chip-design services, according to people familiar with the matter, as the U.S. semiconductor company seeks to broaden its business beyond its core smartphone market. If an agreement is reached, ByteDance, the owner of short-video platform TikTok, would become one of the first major customers…
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Cerebras Shares Slide After Earnings Miss and Margin Outlook Raises Concerns (CBRS)
Shares of (NASDAQ:CBRS) fell roughly 14% in premarket trading on Wednesday after the AI chipmaker delivered mixed first-quarter 2026 results, with strong revenue growth overshadowed by an earnings miss and weaker margin guidance. The company, which describes itself as the builder of “the world’s fastest AI infrastructure,” reported revenue of $193.4 million for the quarter,…
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Oil Falls for Third Consecutive Session as Hormuz Shipping Activity Improves
Oil prices continued to move lower on Wednesday, marking a third straight day of declines as improving traffic through the Strait of Hormuz and signs of progress in U.S.-Iran diplomacy reduced concerns over sustained disruptions to energy supplies from the Middle East. At 05:39 ET (09:39 GMT), Brent Oil Futures for August delivery were down…
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Gold Slides to Two-Week Low as Stronger Dollar and Fed Rate Expectations Weigh
Gold prices continued their downward move on Wednesday, hovering close to a two-week low and approaching the key $4,000-an-ounce threshold. The decline came as the U.S. dollar strengthened and investors increased expectations that the Federal Reserve could raise interest rates again in the coming months, reducing demand for the non-yielding asset. Spot gold was down…
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Aluminium Slides to Three-Month Low as Middle East Tensions Ease
Aluminium prices fell to their weakest levels in three months on Wednesday, pressured by a stronger U.S. dollar and declining geopolitical concerns in the Middle East. The benchmark three-month aluminium contract on the London Metal Exchange dropped 0.76% to $3,208 per metric ton by 07:01 GMT. Earlier in the session, the metal touched $3,191 per…
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Markets Look for Stability After Tech Sell-Off as AI Focus Remains Front and Centre: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures moved modestly higher on Wednesday, with investors attempting to regain confidence after a sharp decline in technology and semiconductor stocks. Market attention is increasingly turning to upcoming corporate results and developments in the artificial intelligence sector for guidance on future sentiment. At the same time, falling oil prices, easing geopolitical tensions and…
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Tech Selloff Drags Nasdaq and S&P 500 Lower as Rate Hike Fears Resurface
Wall Street closed sharply lower on Tuesday as a global technology selloff accelerated, sending the Nasdaq and S&P 500 to their steepest single-day drops in weeks. The catalyst was a combination of an unexpected note from Bank of America economists forecasting three Federal Reserve rate hikes before year-end and a steep overnight slide in Asian…
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Nike Shares Ease After Evercore Cuts Rating and Lowers Price Target (NKE)
Analyst Downgrade Highlights Near-Term Execution Risks Nike (NYSE:NKE) shares slipped 1.4% in premarket trading on Tuesday after Evercore ISI downgraded the sportswear giant to In Line from Outperform and reduced its price target to $46 from $57. The brokerage cited weakening sales trends, limited product innovation and growing concerns that Nike may need to lower…
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3M Secures Long-Term Airbus A220 Insulation Supply Agreement (MMM)
Partnership Expands Collaboration on Commercial Aircraft Programme 3M (NYSE:MMM) has signed a long-term agreement with Airbus (EU:AIR) to provide thermal and acoustic insulation materials for the Airbus A220 aircraft programme. The deal strengthens the existing relationship between the two companies and positions 3M as a key supplier of advanced insulation technologies for one of Airbus’s…