Nvidia still hasn’t sold its U.S.-approved China AI chips — and it’s worried local AI rivals could take over

BEIJING — U.S. chip giant Nvidia has yet to recoup its lost sales in China, despite Washington easing some restrictions, and the company is sounding the alarm about rising competition from Chinese rivals. “While small amounts of H200 [semiconductor] products for China-based customers were approved by the US government, we have yet to generate any…

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MP Materials selects Texas for rare earth magnet manufacturing site

MP Materials 10X Magnet Manufacturing Facility, Northlake TX. Source: MP Materials MP Materials has chosen Northlake, Texas, for its new $1.25 billion rare earth magnet manufacturing campus, the company announced Thursday, amid a rush to shore up domestic supplies of metals critical for everything from data centers and defense to personal electronics. The facility, dubbed…

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FSLR, GDDY, LOW, WDAY, CAVA

Check out the companies making headlines before the bell. GoDaddy — Shares dropped 9% after the company forecasted annual revenue below estimates, citing slow AI-related adoption. GoDaddy said it expects its revenue to come in between $5.195 billion and $5.275 billion this year, falling short of analysts’ consensus estimate of $5.28 billion, according to FactSet….

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