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US approved Nvidia H200 AI chips for 10 Chinese giants including Alibaba, Tencent and ByteDance. But zero chips have shipped as Beijing blocks imports to boost homegrown tech. Jensen Huang in Beijing now.
USA Rare Earth reports first-ever revenue of $5.7M in Q1 2026, beats estimates, holds $1.75B cash, and commissions Stillwater magnet facility.
Cerebras Systems priced its IPO at $185 per share, valuing the Sam Altman-backed AI chipmaker at $56.4 billion as shares begin trading Thursday.
Microsoft is buying AI startups to reduce reliance on OpenAI and build its own powerful AI systems for the future.
Cisco beat expectations, raised its outlook, and saw strong AI demand, while announcing a restructuring plan and job cuts.
Ford shares set to log their best day in seven months. Morgan Stanley highlights massive potential in Ford Energy’s battery storage business, with a $600 million profit opportunity.
