Nvidia and AMD agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses, an unusual arrangement that may unnerve both US companies and Beijing. Nvidia plans to share 15% of the revenue from sales of its H20 AI accelerator in China while AMD will deliver the same share from MI308 revenues.
Donald Trump plans to meet Russian President Vladimir Putin in Alaska as the US president looks to broker an agreement that will bring an end to the war in Ukraine.
Trump wrote Friday in a social media post, “Further details to follow.”
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta, Guy Johnson and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:02:46 – Trump-Putin Summit in Alaska
00:05:23 – Soybean Price Surge, China Imports
00:07:52 – Nvidia-AMD Deal
00:09:21 – US Inflation Data
00:10:57 – Israel, Netanyahu, Gaza City
00:11:16 – UK Job Market Weakens
00:11:48 – Lithium Stocks Surge, CATL Production
00:13:54 – Fed’s Bowman Favors Three Rate Cuts
00:14:40 – Oil Price Down Sharply
00:25:10 – NVDA Stock, AMD Agree to Trump Deal
00:38:56 – Ethereum, Bitcoin & Crypto Rally
00:42:29 – S4 Capital Merger
00:59:47 – Fed Rate Cuts
01:03:18 – CATL Suspends China Lithium Mine Outpot
01:09:59 – Orsted Plans $9 Billion Offer
01:12:12 – Stock Market Check
01:14:10 – Zelenskiy at Trump-Putin Summit Speculation
01:29:39 – Roche, Novartis Talks
01:34:05 – US CPI, PPI Retail Sales
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