Nvidia shares fell nearly 4% on Wednesday on fears that widening U.S. chip curbs would sap growth in China, its third largest market, and curtail the AI-driven boom in its business.
BUSINESS
Nvidia delivers upbeat fourth-quarter guidance despite warning of China sales drop
Shares in Nvidia (NASDAQ:NVDA) were volatile in premarket trading after the world’s largest semiconductor manufacturer warned of a downturn in sales at its China business in the wake of expanded U.S.
US chip export ban is hurting China’s AI startups, not so much the giants yet
Well before Washington banned Nvidia’s exports of high-performance graphic processing units to China, the country’s tech giants had been hoarding them in anticipation of an escalating tech war between the two nations.
Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry
Fraudulent crypto investment schemes directed from Asia known as “pig butchering” have become a global billion-dollar industry. But little is known about those who benefit. Reuters traced at least $9 …
SPECIAL REPORT-How ‘pig butchering’ scams have emerged as a billion-dollar crypto industry
During that time, a cryptocurrency account registered in Wang’s name was receiving millions of dollars linked to a type of cryptocurrency investment scam known as pig butchering, a Reuters …
Honor aims for an IPO as Huawei spin-off looks to cement position as China’s leading smartphone maker
Huawei spin-off Honor says it is aiming for an IPO as budget smartphone maker looks to cement its position as China’s leading handset vendor.
China’s Fuel Export Quota Could Spark Global Supply Challenges
China’s gasoline exports have declined due to limited remaining fuel export quotas and increased domestic demand, potentially impacting global fuel markets this winter.
China’s digital trade records significant progress in 2022
In 2022, China’s digitally-delivered service trade value rose 3.4 percent year-on-year to $372.71 billion, hitting a historic high, said Wang Dongtang, an official with the MOC, at the opening …
Xi Jinping champions digital trade as China kicks off global e-commerce expo to further Silk Road ambitions
The Chinese leader’s message promoting digital trade and common rules comes as the US is walking back its long-standing commitment to free trade.
Chipmaker Nvidia Strikes Warning About China Slowdown on Tighter US Export Controls
Nvidia shares took a slight dip in pre-market trading Wednesday after it warned about a slowdown in sales driven by tightening U.S. regulations on exports of chips to China.
Honor announces IPO Plans: Charts independent Course after leaving Huawei, dominates Q3 Handset market
Post-separation from Huawei Technologies, Honor, the renowned handset maker, announced its preparation for an initial public offering (IPO) …
China’s Rice Exports to Ivory Coast Top 2022 After India Curbs
(Bloomberg) — China exported more rice to the Ivory Coast in the three months through October than in the whole of 2022 after India restricted shipments of the grain, with those curbs likely to …
China slows Venezuela crude buys as U.S. sanctions lifting triggers ‘disarray’
Also, refiners can import the oil as diluted bitumen, without using precious crude import quotas, according to traders and analysts. However, China’s diluted bitumen imports in October fell to 801,402 …
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