Alibaba & Chinese tech stocks jump, Nvidia lifts AMD & Broadcom

Yahoo Finance anchor Julie Hyman outlines the top stories of the trading session on Yahoo Finance’s Market Minute. Nvidia (NVDA) stock pops after the company said it expects the US government to grant the license for the chipmaker to sell its H20 chip in China. The H20 ban was a $2.5 billion drag on the company’s earnings in the first quarter. Other artificial intelligence (AI) names are rising on the announcement, including Super Micro Computer (SMCI), Advanced Micro Devices (AMD), and Broadcom (AVGO). Chinese tech stocks, like Alibaba (BABA), JD.com (JD), and PDD Holdings (PDD), gain on renewed optimism around US–China trade relations and promising new data about the Chinese economy. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.Read More