Nvidia Preps New, More Powerful Chip for China: Reuters
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Intel stock rises, report of new Nvidia chip for China, Air Canada strike
Yahoo Finance's John Hyland tracks Tuesday's top moving stocks and market stories in this Market Minute. Intel (INTC) rises after US Commerce Secretary Howard Lutnick told CNBC the US should get an equity stake in exchange for CHIPS Act funds. Nvidia (NVDA) is developing a new chip for China, reportedly more powerful than its current H20 model, according to Reuters. Air Canada ( will resume flights after striking a deal with flight attendants, ending a three-day walkout that canceled nearly 3,000 flights. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. This is your Yahoo! Finance Market Minute. I'm John Highland. US stocks swinging between gains and losses today as investors await commentary from Fed officials and Jackson Hole ahead of meeting out of Fed minutes tomorrow. Plus, Commerce Secretary Howard Letnik telling CNBC that Intel must give the government an equity stake in return for CHIPs Act funds. Shares currently on the rise after SoftBank earlier announced a $2 billion investment in the company. Meanwhile, NVIDIA is developing a new chip for China that's said to be more powerful than the H20 model it's currently allowed to sell there. That's according to a Reuters report that cited two people briefed on the matter. And Air Canada will restart flights tonight after reaching a deal with flight attendants to end a three-day walkout that led to nearly 3,000 flight cancellations. More than 10,000 flight attendants walked off the job on Saturday over wage and compensation disputes. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below to track the best- and worst-performing stocks of the trading session.
Yahoo
17 minutes ago
- Yahoo
This Chinese Toy Stock Just Went Parabolic--And It's Not Done Yet
Pop Mart (PMRTY) just dropped numbers that turned heads across the Street. The Chinese blind-box toymaker behind the viral Labubu dolls reported first-half 2025 revenue of 13.88 billion yuan ($1.93 billion), up a staggering 204% year-over-year. Net income? Up 397% to 4.57 billion yuan. It's a growth curve most retailers can only dream about. The fuel behind it: LabubuPop Mart's sharp-toothed, pointy-eared antiherohas gone from niche icon to global obsession, especially in the U.S., where higher prices and stronger margins are supercharging the company's profitability. Warning! GuruFocus has detected 5 Warning Sign with PMRTY. Founder and CEO Wang Ning told Chinese media that international growth is running far ahead of internal forecasts. The momentum is so strong that global sales could outpace domestic China revenue in 2025. Even within Asia, the gravity is shiftingNorth America may leapfrog Southeast Asia as Pop Mart's #2 market this year. And the expansion isn't just digital. Pop Mart opened a megastore in Bangkok's Iconsiam this month and still plans to launch another 100 international outlets by year-end. The stock has responded in kind, surging 213% year-to-date. Investors are chasing more than hypethey're chasing a proven formula: a character-led consumer brand, built on scarcity, surprise, and cultural resonance. Pop Mart isn't just exporting toys. It's exporting pop culture. And if the Labubu craze keeps compounding overseas, this could be the early innings of something much bigger. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
17 minutes ago
- Yahoo
Report – Saudi Pro League Club Neom Intensify Talks To Sign Inter Milan & France Defender
Inter Milan and Neom have reportedly intensified talks over the transfer of Benjamin Pavard to the Saudi Pro League. According to FCInter1908, Neom manager Christophe Galtier is pressuring the club to sign the French defender. Despite initially rejecting the idea of moving outside Europe, Benjamin Pavard could change his mind. Indeed, Galtier is trying to convince the 29-year-old to accept Neom's proposal and switch to Saudi Arabia. Talks are ongoing as the former Lille boss continues to push for the Frenchman's transfer. Neom Accelerating Talks to Sign Inter Milan Defender Benjamin Pavard MUNICH, GERMANY – APRIL 08: Benjamin Pavard of FC Internazionale reacts during the UEFA Champions League 2024/25 Quarter Final First Leg match between FC Bayern München and FC Internazionale Milano at Fussball Arena Muenchen on April 08, 2025 in Munich, Germany. (Photo by) Inter are open to selling the former Bayern Munich star for the right price. Moreover, they've already set a €20 million price tag on the versatile defender to facilitate his exit. However, they've failed to drum up any serious interest from Europe. Therefore, a transfer to Saudi Arabia is Pavard's best chance to leave San Siro by the end of the summer. Meanwhile, Inter would use the money from Pavard's sale to sign a new center-back.
