Chip Maker Nvidia Probed in China Over Potential Antimonopoly Violations
Bank of America reduces call bets on AMD (AMD.US): unable to shake nvidia, and ASIC is coming on strong.
Due to rising concerns about ai and personal computer business, bank of america has downgraded its rating for AMD, which is also an important reason for AMD's stock price dropping over 5% on Monday.
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citic sec: nvidia (NVDA.US) is under antitrust investigation, which is expected to boost the sentiment in the domestic computing power and chip market in the short term.
With relevant domestic departments and industry associations increasing their focus on self-controllable systems, it is expected that the overall pace of domestic semiconductor industry localization will further accelerate, and the manufacturing sector is also expected to benefit.
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China Rally, Nvidia Under Pressure, Inflation: Market Takeaways
U.S. stocks closed lower: all three major indexes fell, Chinese concept stocks celebrated all night, and the Golden Dragon Index surged by 8.5%.
① The nasdaq china golden dragon index rose by 8.54%, while the ftse china 3x long etf (YINN) increased by 23.78%; ② OpenAI officially launched the AI video generation model Sora; ③ A man involved in the murder case of the insurance giant's CEO in New York was arrested in Pennsylvania; ④ mondelez international is reportedly exploring the acquisition of the usa chocolate producer hershey.
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