Latest news with #AdvancedMicroDevices
Business Times
3 hours ago
- Business
- Business Times
Trump's U-turn on Nvidia spurs talk of grand bargain with China
[BEIJING] Only a few years ago, the Biden administration declared export controls a 'new strategic asset' to help the US maintain 'as large a lead as possible' over China in advanced technology. US President Donald Trump is now upending that approach. In a reversal this week, the White House told chipmaker Nvidia it could soon resume sales of its less advanced China-focused H20 artificial intelligence (AI) accelerator. Advanced Micro Devices received similar assurances from the US Commerce Department. Explaining the decision, Commerce Secretary Howard Lutnick said the administration wanted Chinese developers 'addicted' to American technology, while insisting the US would not sell China 'our best stuff'. That, he said, required a more balanced policy that would keep the US 'one step ahead of what they can build so they keep buying our chips'. The shift in strategy, which angered China hawks in Washington, raises a key question as Trump sets the stage for a meeting with Chinese President Xi Jinping later this year: How far will the US go in rolling back a range of measures restricting business between the world's biggest economies imposed in the name of national security? 'The apparent loosening of export control on the H20 chips could be a sign of things to come,' said Kevin Xu, a tech investor and founder of US-based Interconnected Capital who formerly worked in the Obama administration. 'A wide range of bargaining chips are on the table now for a potential US-China tech grand bargain: Semiconductor manufacturing equipment, rare earths, battery technology, AI chips, even mutual market access.' While the US is a long way off from dismantling the bulk of restrictions on China, spanning everything from export controls to investment curbs to sanctions, Trump's recent actions open the door to redefining the economic relationship between the nations mere months after his imposition of 145 per cent tariffs took them to the brink of decoupling. Talks in Geneva and London then led to a truce in which the US agreed to lower tariffs and ease export controls in return for rare-earth magnets used to make goods such as smartphones, electric vehicles and high-tech weapons. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Even though Trump's first term changed the conversation in Washington to focus on the threat posed by China, the US president has always been transactional and less rigid on traditional national security issues. Trump has downplayed privacy issues over TikTok and on the campaign trail, made comments welcoming Chinese automakers to build plants in the US. 'He is not ideologically fixated on the need to have controls everywhere,' said Dominic Chiu, a senior analyst at Eurasia Group. 'So, if he sees that as a bargaining chip that he can use to gain concessions from China on rare earths and other things, then he would do it.' The move adds to the goodwill built over a recent flurry of diplomacy, including a cordial meeting between US Secretary of State Marco Rubio and Chinese Foreign Minister Wang Yi in Malaysia. Treasury Secretary Scott Bessent, who led the previous trade talks, expects to meet his counterpart, Vice-Premier He Lifeng, within 'the next couple of weeks' and has signalled the US will likely extend an Aug 12 deadline for the snapback of sky-high tariffs. The two sides are now inching towards what could be a series of agreements, if not a single grand deal, ahead of a potential leaders' meeting that analysts speculate could happen around the Asia-Pacific Economic Cooperation summit that kicks off in late October in South Korea. After meeting his Chinese counterpart last week, Rubio said such a sit-down was likely without suggesting a time frame, saying the two sides will have to 'build the right atmosphere and the right deliverables'. For the Trump administration, the objectives may look a lot like the president's first-term playbook: securing large-scale Chinese purchases of American goods to address the persistent trade deficit. He may also demand more Chinese action to curb the flow of fentanyl precursors – an area where Trump on Wednesday praised Beijing for already making 'big steps.' Washington is also seeking a resolution to the future of video app TikTok's US operations and assurances that Beijing will not weaponise its control over rare earths and other critical minerals. China, for its part, has an ambitious wish list. Among them is the complete rollback of US tariffs, including the 20 per cent duties linked to fentanyl and the legacy tariffs from Trump's first term that were upheld by Biden. Beijing may also push for an easing of investment restrictions and, crucially, further concessions on US export controls, which it views as a direct attempt to stifle its technological advancement. Kurt Tong, a former US consul general in Hong Kong and a partner at The Asia Group, said while Biden adopted a non-negotiable 'small yard, high fences' approach to technology, Trump has a different focus and is looking to show his transactional tack can bring results for the American people. 'He cares about trade, deficits, investment in the United States and getting along with China,' Tong said. That could make welcoming Chinese investment in the US, which would also help rebalance bilateral trade, an appealing notion to Trump, as he alluded to in his campaign remarks. 'In general, in this town, that is a forbidden suggestion,' said Washington-based Gerard DiPippo, associate director at the Rand China Research Center. 'However, if there's one president who might go for it, it's Trump.' BLOOMBERG
CNBC
8 hours ago
- Business
- CNBC
Cramer's Lightning Round: Cameco is 'a winner'
ConocoPhillips: "Buy should be in ConocoPhillips." Advanced Micro Devices: "I don't know, but it's going in the right direction." Cameco: "I like CCJ...I just think that this is a winner." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
19 hours ago
- Business
- Yahoo
3 Growth Stocks That Could Help Make You a Fortune
Key Points AMD's shift into the lucrative AI chip market is helping it expand its margins, and driving its stock price higher. MercadoLibre has brought the e-commerce business model to Latin America with impressive effect. Alphabet oversees some of the web's most-used services and exciting new technologies. 10 stocks we like better than Advanced Micro Devices › After a turbulent start to 2025, the stock market is once again near its all-time highs. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are up 6%, 7%, and 4%, respectively, year to date. So, what are some stocks that investors should be focused on? Here are three that I believe are savvy choices right now. Advanced Micro Devices After surging 128% in 2023, and slumping 18% in 2024, Advanced Micro Devices (NASDAQ: AMD) stock is once again on fire. As of this writing, the stock is up 20% year to date, well ahead of the tech-centric Nasdaq Composite's gain of 7%. The catalyst? AMD stock has been getting a boost from sell-side analysts who believe the company's newest artificial intelligence (AI) chips will aid it in its ongoing competition with Nvidia. In short, Nvidia remains the king of AI chips, thanks to its long-standing position as the leader in the graphics processing unit (GPU) market. However, things are changing. AMD's MI350 chips and its upcoming MI400 chips are highly anticipated, and could help it cut into Nvidia's lead within the overall data center GPU market. Moreover, AMD's newfound foothold in the AI data center market is helping to widen its margins. Overall, AMD's gross margins have increased from 42% to over 50% over the last three years, as the company's revenue mix shifts away from low-margin CPUs to higher-margin GPUs. To sum up, AMD's newfound strength in the AI chip market makes it a stock to consider right now. MercadoLibre Simply put, MercadoLibre (NASDAQ: MELI) is a stock that every investor should know, but not everyone does. It's the leading e-commerce provider in Latin America -- a market where rival operators had previously struggled. However, MercadoLibre seems to have cracked the code. That's great news for the company as it means there is still an immense market that it can grow into from here. Its business model is built on a familiar playbook: It runs an online storefront that matches buyers and sellers, then offers logistics solutions to deliver items to customers' doorsteps. In addition, the company offers digital payment solutions (Mercado Pago) and advertising services (Mercado Ads). If that all sounds similar to Amazon, it should. More to the point, it's difficult to argue with MercadoLibre's results. In the first quarter, it reported: $5.9 billion in revenue, up 37% year over year. $494 million in net income. $795 million in free cash flow. Those are fantastic figures, and they point to the strength of the company's business model. Nevertheless, MercadoLibre stock has its risks, particularly because of the company's regional focus. Economic or political disruptions in its core Latin American markets could take a toll on MercadoLibre's business and its stock price. Therefore, this isn't a stock for every investor. Alphabet Finally, there's Alphabet (NASDAQ: GOOG) -- arguably, the most significant internet company around. A recent survey of the most visited websites by Datareportal/SemRush showed that the top two sites were once again Google and YouTube -- both owned by Alphabet. Indeed, those two sites alone accounted for more than 200 billion monthly visits, more than the next 18 largest websites combined. What's more, Alphabet is at the forefront of several exciting cutting-edge technologies. Take robotaxis, for instance. Through its self-driving vehicle subsidiary, Waymo, Alphabet is one of only a handful of companies currently operating robotaxis for paying customers. Many analysts see robotaxis as the future of transportation, which could open up a lucrative new revenue stream for Alphabet. In addition, Alphabet is investing in AI initiatives and quantum computing. Any of those areas of research could bear fruit for Alphabet if it can take the lead on some of the world's next great technological breakthroughs. In summary, Alphabet is a technological juggernaut today, but it is not resting on its laurels. By investing in AI, autonomous vehicles, and quantum computing, Alphabet is well-positioned to remain a stock market giant well into the future. Should you buy stock in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jake Lerch has positions in Alphabet, Amazon, MercadoLibre, and Nvidia and has the following options: long July 2025 $150 calls on Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, MercadoLibre, and Nvidia. The Motley Fool has a disclosure policy. 3 Growth Stocks That Could Help Make You a Fortune was originally published by The Motley Fool
Bloomberg
21 hours ago
- Business
- Bloomberg
Trump's U-Turn on Nvidia Spurs Talk of Grand Bargain With China
Only a few years ago, the Biden administration declared export controls a 'new strategic asset' to help the US maintain 'as large a lead as possible' over China in advanced technology. President Donald Trump is now upending that approach. In a reversal this week, the White House told chipmaker Nvidia Corp. it could soon resume sales of its less advanced China-focused H20 artificial intelligence accelerator. Advanced Micro Devices Inc. received similar assurances from the US Commerce Department.
Free Malaysia Today
a day ago
- Business
- Free Malaysia Today
Nasdaq ends at another record high on Nvidia's China chip cheer
Nvidia, the leading AI chipmaker, drove the Nasdaq's rise with a 4% gain after announcing plans to resume H20 chip sales to China. (Reuters pic) NEW YORK : The Nasdaq Composite posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks dropped as a key inflation report and a flurry of bank earnings failed to excite investors. It was the fourth session in five that the technology-heavy Nasdaq index has posted a record close, and the eighth time since June 27. Artificial-intelligence chip leader Nvidia was the primary factor behind the Nasdaq's increase, gaining 4% after it unveiled plans to resume sales of its H20 AI chip to China. The news buoyed other chipmakers, with Advanced Micro Devices and Super Micro Computer both gaining more than 6.4%. The semiconductor index also advanced 1.3% to its highest point in a year, while the S&P technology index climbed by the same percentage to hit a record high. Rob Swanke, senior investment research analyst at Commonwealth Financial Network, said the Nvidia news meant that some investors, who had moved into other stocks due to technology's high valuations, were rotating back. 'I would probably say it's a one-day pop,' he added, noting that investors would be waiting for sales to be reflected in its earnings. The Nasdaq Composite gained 37.47 points, or 0.18%, to finish at 20,677.80. The Dow Jones Industrial Average fell 436.36 points, or 0.98%, to 44,023.29, and the S&P 500 lost 24.80 points, or 0.40%, to 6,243.76. Markets have been buoyant in recent weeks. Investor concerns that the US economy would be tarnished by President Donald Trump's policies, including major tariff announcements, have started to abate, allowing Wall Street to move higher. This week was expected to be a significant test of that improving sentiment, with the start of second-quarter earnings season and inflation reports that were forecast to reflect sellers starting to pass on higher tariff-related costs. The first of these reports showed US consumer prices posted their biggest jump in five months in June, hinting that tariffs may be starting to heat up inflation. Still, underlying inflation stayed moderate, offering some reassurance despite the headline spike. 'The picture from inflation this morning, coming in a little bit higher than expected but pretty much in line, gives you some sense that the tariffs are starting to flow through into the economy,' said Commonwealth's Swanke. 'We'll get more concrete news, as we go through earnings, to see how companies are delivering the impact of higher tariffs.' On the first day of second-quarter earnings season, banking stocks whipsawed in volatile trade. JPMorgan Chase slipped 0.7% despite raising its 2025 net interest income outlook, while Wells Fargo fell 5.5% even as its profit rose on reduced loan-loss reserves. BlackRock notched a new milestone for assets under management, yet its shares slid 5.9%. Bucking the trend, Citigroup climbed 3.7% to its highest finish since the global financial crisis, after its traders delivered a windfall that boosted second-quarter profit. The number of shares changing hands on US exchanges on Tuesday was 16.82 billion, compared with the 17.55 billion average for the last 20 trading days.
