markets

Luke Kawa3/24/25

The US is stepping up its campaign to keep powerful Nvidia chips away from China

Malaysia is stepping up its scrutiny of high-powered Nvidia semiconductors that enter the country after receiving a pointed request from the US to monitor shipments. The nations are currently investigating how advanced chips make their way into China in violation of export controls, according to the Financial Times, citing Malaysia’s trade minister.

This follows a reported FBI probe into how Chinese upstart DeepSeek got its hands on Nvidia GPUs and Singapore leveling charges of fraud against a group of men for allegedly routing servers containing Nvidia chips to Malaysia (with their ultimate destination unknown).

This geopolitically sensitive issue isn’t causing any headaches for the stock this morning, though: shares of the chip designer are up about 2% as of 8:30 a.m. ET.

Malaysia’s role as a conduit for bypassing export controls isn’t just limited to high-powered tech. In recent times, the country has exported more oil to China than it actually produces, as its international waters are a hot spot for sanctioned crude.

Malaysia to crack down on Nvidia chip flows under US pressure

Malaysia to crack down on Nvidia chip flows under US pressure

This follows a reported FBI probe into how Chinese upstart DeepSeek got its hands on Nvidia GPUs and Singapore leveling charges of fraud against a group of men for allegedly routing servers containing Nvidia chips to Malaysia (with their ultimate destination unknown).

This geopolitically sensitive issue isn’t causing any headaches for the stock this morning, though: shares of the chip designer are up about 2% as of 8:30 a.m. ET.

Malaysia’s role as a conduit for bypassing export controls isn’t just limited to high-powered tech. In recent times, the country has exported more oil to China than it actually produces, as its international waters are a hot spot for sanctioned crude.

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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.

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