Author: Daniel snow

[ad_1] Nvidia CEO Jensen Huang said overnight that U.S. chip export controls are a “failure” and warned that the restrictions are doing more damage to American business than to China.Huang said in a press conference at Computex, an artificial intelligence exhibition in Taiwan, that the policies have cut the AI chip leader’s China market share from 95% to 50% and motivated Beijing to make its own chips faster.Huang’s comments came as the truce between the U.S. and China over tariffs and semiconductors continues to be delicate.The Chinese Commerce Ministry responded to the Trump administration’s recent chip policy change on Monday,…

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[ad_1] The stock market has been on a tear over the past month as Wall Street celebrated signs of progress in U.S. tariff negotiations and easing trade tensions with China. Since our last Monthly Meeting on April 16 through Tuesday’s close, the S & P 500 jumped 12.6%, while the tech-heavy Nasdaq gained more than 17.3%. (The Club’s May Monthly Meeting l ivestreams at noon ET on Wednesday.) This is a big reversal for stocks, which plummeted after President Donald Trump announced wide-reaching “reciprocal” tariffs on April 2. A week later , Trump issued a 90-day pause on the majority…

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