Here are five key things investors need to know to start the trading day:
The U.S. reportedly wants a cut of the revenue from Nvidia
’s and Advanced Micro Devices
’ China sales. The Financial Times reported that the companies have agreed to give the White House 15% of their revenues from chip sales in China. In exchange, the FT said, the chipmakers will get export licenses for Nvidia’s H20 chip and AMD’s MI308 chip. The unprecedented deal follows President Donald Trump’s announcement last week that he planned to impose a 100% tariff on imported semiconductors and chips — unless a company is “building in the United States.” Shares of AMD and Nvidia fell around 2% and 0.8% in Monday’s premarket, respectively. Follow live market updates here.
investors had a good week. Shares of the company rallied more than 13% for the technology stock’s best weekly performance in just over half a decade. Traders seemed pleased with Apple CEO Tim Cook’s trip to the White House on Wednesday, where he announced plans for expanded domestic investment. However, shares of the iPhone maker slid before the bell on Monday as investors wondered if the rally can continue.
