markets

Luke Kawa1/8/26

China plans to permit purchases of Nvidia’s H200 chips “as soon as this quarter,” per Bloomberg

Nvidia’s $54 billion opportunity to sell H200 AI chips to the world’s second-largest economy is reportedly close to getting the thumbs-up from Chinese officials.

Bloomberg reports that China is “preparing to allow local companies to buy the component from Nvidia for select commercial use,” with this step coming “as soon as this quarter.”

Shares are up marginally in premarket trading.

The H200 is the top-performing processor from Nvidia’s Hopper generation, which preceded Blackwell. Earlier this week, Nvidia CEO Jensen Huang announced that Vera Rubin chips, the successor to Blackwell, are now in full production. While these H200s are getting lapped by newer generations, they’re still roughly 6x more powerful than H20 chips. Those are nerfed versions of Hopper chips that were previously the top AI offering Nvidia was allowed to sell into China, before US President Donald Trump announced back in December that Nvidia would be permitted to make H200 sales.

Reuters previously indicated that Nvidia has already received more than 2 million orders for H200 chips for 2026, plans to price these at about $27,000 apiece, and will have initial shipments there before the Lunar New Year holiday (February 17).

Separately, the outlet reports that the chip designer is demanding full payment up front from Chinese customers, along with no ability to modify or cancel orders, due to concerns about potential shifts in Beijing’s willingness to allow these shipments.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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