NVIDIA Corporation

Palantir Technologies Inc.

Intel Corporation

The Nasdaq 100 Index, heavily weighted toward technology companies, fell 1.4% on Aug. 19, one of its worst performances since the April selloff. The S&amp;P 500 lost 0.6%, and the Dow Jones once again failed to hold a record before the close. Indexes declined as technology companies related to artificial intelligence, including Nvidia and Palantir, fell. Investors worried about the prospects of an AI-related rally and locked in profits. In particular, they have been spooked by a study showing that 95% of companies get nothing from their investments in generative AI.

The Nasdaq 100 has one of its worst one-day drops since April, the Dow failed to hold a record high

Advanced Micro Devices, Inc.

US President Donald Trump told reporters on Friday, August 15, on his way to Anchorage that duties on US semiconductor imports could <a href="https://www.barrons.com/articles/trump-tariffs-semiconductors-9b62f5ca">reach </a>300%. And early last week, he allowed Nvidia and Advanced Micro Devices (AMD) to supply China with chips for artificial intelligence, the export of which was previously restricted. The condition is that the companies will contribute 15% of such sales to the budget.

Small deal with big risks: how the introduction of the "export tax" in the USA will turn out

Cisco Systems, Inc.

CoreWeave, Inc.

Circle Internet Group

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: expectations of Fed rate cut support risk demand

Cambricon Technologies Corporation Limited

In addition to Nvidia, AMD's AI gas pedals are also subject to the restrictions

China has urged companies not to use Nvidia chips. How will this affect their exports?

Apple Inc.

Donald Trump has toned down his rhetoric against Intel CEO Lip-Bu Tan, whom he previously suspected of having ties to China. Elon Musk, in a continuation of his feud with OpenAI, accused Apple of antitrust violations over its promotion of ChatGPT in the App Store and threatened a lawsuit. On the stock market, ticket marketplace StubHub, which previously suspended its offering due to fare turbulence, decided to go public on the New York Stock Exchange in September in an effort to strengthen its position in a competitive industry. On these and other topics - in the review of key events by the morning of August 12.

'Undercover racket': what Wall Street is saying about Nvidia and AMD's deal with the US

Nvidia and AMD made a deal with the U.S. government and agreed to give 15% of the proceeds from sales of certain chips in China in exchange for export licenses. Nvidia has been at the center of a conflict with China over allegations that its H20 AI chips are unsafe, which the company categorically denies. At the same time, hedge funds in the energy sector changed their long-term strategy: they started to actively short oil stocks and cut their bets against solar energy. These and other topics are discussed in the review of key events by the morning of August 11.

Highlights for the morning: Nvidia to share revenue with the U.S., SoftBank's bid and a play against oil

Tesla, Inc.

It is unwise for a company to spend resources on two different AI chips at the same time, its CEO Ilon Musk has said

Wells Fargo names two beneficiaries of Tesla's refusal to develop its own AI chips

Tesla quotes in OTC trading went down after two days of growth

Tesla has shut down the Dojo supercomputer project. Who benefits from it?

AMD's adjusted gross margin could have been 54% instead of 43% if not for U.S. export restrictions

AMD increased revenue and gave a better-than-expected forecast, but the stock fell. What does this have to do with China?

Pfizer Inc.

Morning in New York: chances for continued growth persist


The Walt Disney Company

Novo Nordisk A/S

U.S. stocks retreated from record highs late last week when fresh employment data showed that the U.S. labor market was not as robust as thought. Wall Street is expecting a relatively quiet macroeconomic agenda this week with no significant releases scheduled, <a href="https://finance.yahoo.com/news/job-market-concerns-take-center-stage-as-earnings-season-rolls-on-what-to-watch-this-week-113608612.html#:~:text=Markets%20will%20be%20greeted%20with%20a%20quieter%20week%20of%20economic%20news%20with%20no%20major%20releases%20anticipated.">write</a> Yahoo Finance. Investors' attention may be drawn to the publication of ISM's U.S. services sector business activity index for July, <a href="https://www.wsj.com/economy/week-ahead-for-fx-bonds-u-s-ism-services-data-in-focus-boe-expected-to-cut-rates-dcdd3318?mod=central-banking_news_article_pos5">accounts</a> The Wall Street Journal. The previously reported data on activity in the manufacturing sector came in below forecasts - along with weak employment figures, this "heightens concerns about a slowdown in the economy," <a href="https://www.wsj.com/economy/week-ahead-for-fx-bonds-u-s-ism-services-data-in-focus-boe-expected-to-cut-rates-dcdd3318?mod=central-banking_news_article_pos5#:~:text=This%20data%20follows%20below%2Dforecast%20ISM%20data%20on%20the%20manufacturing%20sector%2C%20which%2C%20alongside%20the%20weak%20jobs%20figures%2C%20%E2%80%9Camplifies%20concerns%20about%20economic%20slowdown%2C%E2%80%9D%20said%20Aaron%20Hill%2C%20analyst%20at%20FP%20Markets%2C%20in%20a%20note.">the WSJ quoted FP Markets analyst Aaron Hill as saying</a>.