La cadena de opciones muestra datos clave de las opciones de acciones de Tencent Holdings a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Tencent Holdings..

Tencent Holdings (OTC:TCEHY) Bolsa, Cadena de Opciones

Tencent Holdings

TENCENT HOLDINGS ADR

Tencent holds a prominent position in China's internet sector, with a diverse portfolio of products and services used daily by a significant portion of the population. The company is the world's largest video game publisher and owns Honor of Kings, a top-grossing mobile game globally. Tencent also operates WeChat, China's largest social media super app. WeChat is deeply integrated into the daily lives of Chinese people for communication, entertainment, shopping, and more. Beyond its offerings, Tencent is a significant player in global venture capital and investment. The company holds substantial stakes in leading companies including PDD, Kuaishou, and Epic Games.

Germany,-,April,19,2024:,Coinbase,Mobile,Application,Running,On,Smartphone

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

Markets

COIN

TCEHY

Coinbase colabora con Riot Games para ser el exchange exclusivo en eventos globales de Valorant y LoL Esports.

Coinbase (COIN) se convierte en socio exclusivo de Riot Games para eventos de esports

Argentine flag

Sector ETFs

Specialty ETFs

ETFs

ARGT

BABA

GGAL

MELI

El ETF ARGT sube un 3,5 % tras la flexibilización de divisas en Argentina, superando al S&amp;P 500 y EEM. ¿Es momento de invertir?

ARGT supera al S&amp;P 500 y EEM tras flexibilización de divisas en Argentina

Deauville,,France,-,May,26,,2011,:,Google,Ceo,Eric

Tech

GOOG

GOOGL

NVDA

El ex director ejecutivo de Alphabet lanza una advertencia: China podría liderar la inteligencia artificial si EE. UU. no actúa pronto.

Eric Schmidt advierte que China dominará la IA si EE. UU. no reacciona ya

TENCENT HLDGS UNSP/ADR by Tencent Holding Ltd.

Tencent Holdings Ltd

&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has expressed apprehension over the potential financial consequences of a contempt ruling in favor of&nbsp;Epic Games. The tech giant has warned that this ruling could lead to &#8220;substantial&#8221; financial losses.
What Happened: Apple is concerned about the financial implications of the recent court ruling, hence, it is seeking a stay on the order. The company stated that the ruling could cost it "hundreds of millions to billions" of dollars on an annual basis, <a href="https://www.cnbc.com/2025/05/07/apple-says-epic-games-contempt-ruling-could-cost-substantial-sums-.html">CNBC</a> reported.
Judge Rogers&#8217; new ruling broadens earlier decisions by ordering the Tim Cook-led company to immediately stop charging commissions on iPhone app purchases made through web links within apps, along with other changes.
In reaction to the contempt ruling, Epic Games CEO Tim Sweeney suggested a peace deal. He stated that Epic Games would reintroduce Fortnite to the App Store and abandon all litigation if Apple relaxed its App Store rules.
On Wednesday, Sweeney stated that battling Apple over the past five years cost the company over $1 billion — but he believes it was worth it, reported Business Insider.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45250868/bitcoin-ethereum-xrp-dogecoin-open-green-as-china-announces-liquidity-injection-ahead-of-fed-interest-rate-decision" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Open Green As China Announces Liquidity Injection Ahead Of Fed Interest Rate Decision &#8211; Benzinga</a>
Why It Matters: The ruling came in the wake of a&nbsp;<a href="https://www.benzinga.com/news/legal/25/04/45123864/apple-ordered-to-ease-app-store-rules-in-us-epic-games-ceo-tim-sweeney-proposes-peace-deal-saying-well-return-fortnite-and-drop-all-litigation-only-if">U.S. court order</a>&nbsp;that found Apple Inc. in violation of an injunction against anti-steering practices. Following this, Epic Games, backed by Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), proposed to bring Fortnite back to the App Store, provided Apple met certain conditions.
Furthermore, a federal court&#8217;s decision to slash Apple Inc.&#8217;s 27% commission on alternative in-app payments was seen as a significant victory for Epic and a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45192790/apples-27-fee-cut-is-good-news-for-epic-app-developers-google-remains-unaffected">rare moment </a>of leverage for developers.
This ruling is a critical juncture in the ongoing legal feud between Apple and Epic Games. The potential financial impact on Apple underscores the gravity of the situation and the possible implications for the company&#8217;s profitability. 
Besides, the reintroduction of Fortnite to the App Store could also have significant implications for the gaming industry and mobile app market. 
Price Action:&nbsp;Apple shares have declined 19.52% year-to-date in 2025 but are still up 7.39% over the past 12 months. On Wednesday, the stock slipped 1.14%, closing at $196.25, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
In Benzinga Edge&#8217;s Stock Rankings, Apple earns a growth score of 66.38% and a momentum score of 46.48%.&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to see how it compares to other top tech stocks</a>.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45274508/bitcoin-taps-98000-ethereum-dogecoin-steady-as-fed-chair-jerome-powell-raises-trump-tariff-induced-concerns-analyst-says-eth-holding-above-crucial-level-and-begins-its" target="_blank" rel="noreferrer noopener">Bitcoin Taps $98,000, Ethereum, Dogecoin Steady As Fed Chair Jerome Powell Raises Trump Tariff-Induced Concerns: Analyst Says ETH Holding Above &#8216;Crucial Level&#8217; And Begins Its &#8216;Bounce Upwards&#8217; &#8211; Graysc</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AAPL

Apple Warns Of 'Hundreds Of Millions To Billions' Dollar Losses Over Epic Games Ruling, Seeks Stay Amid App Store Shakeup

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) has teamed up with leading video game developer Riot Games to become the exclusive cryptocurrency exchange for&nbsp;Valorant and League of Legends esports global&nbsp;events, according to a Tuesday announcement.
What Happened: The collaboration is set to commence with the VCT Masters Toronto, Riot Games confirmed on its website.
Coinbase is expected to bring a range of fan-facing enhancements, including&nbsp;custom segments, event activations, hospitality&nbsp;promotions and giveaways for Valorant&nbsp;and LoL Esports fans.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We&#39;re happy to welcome <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> as an official partner for LoL Esports and VALORANT Esports global events! <a href="https://t.co/7GQ8gDC4Ms">https://t.co/7GQ8gDC4Ms</a>
&mdash; LoL Esports (@lolesports) <a href="https://twitter.com/lolesports/status/1919791736156475783?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/12/42490266/bitcoin-to-180000-ethereum-over-6000-solana-to-500-vanecks-2025-crypto-predictions" target="_blank" rel="noreferrer noopener">Bitcoin To $180,000, Ethereum Over $6,000, Solana To $500: VanEck&#8217;s 2025 Crypto Predictions</a>
Riot Games runs LoL esports leagues and the Valorant Champions Tour, selling corporate sponsorships, goods, and streaming rights for its leagues. The company is wholly owned by Chinese&nbsp;conglomerate&nbsp;Tencent Holdings ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>).
Price Action:&nbsp; Shares of Coinbase were up 1.58% in after-hours trading after closing 1.26% lower at $196.89 during Tuesday&#8217;s regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. The stock&#8217;s price has plummeted 20.70% year-to-date.
Meanwhile, Tencent shares rose 0.09% in after-hours trading after closing 1.47% higher at $64.89 on Tuesday.
COIN scored very high on growth score—a measure of a stock&#8217;s combined historical expansion in earnings and revenue across multiple time periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> will help you locate similar high-growth stocks for your portfolio.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="503" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60.png" alt="" class="wp-image-904738" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60.png 503w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60-300x112.png 300w" sizes="(max-width: 503px) 100vw, 503px" /></figure>
Photo Courtesy: Camilo Concha On Shutterstock.com
Read Next: 
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45191302/corporations-will-pour-330-billion-into-bitcoin-by-2029-bernstein" target="_blank" rel="noreferrer noopener">Corporations Will Pour $330 Billion Into Bitcoin By 2029: Bernstein</a></li>
</ul>

Coinbase Stock Trades Higher After-Hours Amid Partnership With League Of Legends, Valorant Developer Riot Games

As tensions rise over U.S. chip restrictions, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang warns that cutting off access to China's booming AI market could hurt not just the company, but American jobs and innovation.
What Happened: Speaking with CNBC on Tuesday, Huang addressed the company's <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">$5.5 billion write-off tied</a> to U.S. restrictions on chip sales to China, a critical market for artificial intelligence.
"The world's dynamic today. You've just got to stay agile," Huang said.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most&#8217; As China&#8217;s Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
He went on to add that China is projected to become a $50 billion AI market within the next two to three years and represents a huge opportunity.
"It would be a tremendous loss not to be able to address it as an American company. It&#8217;s going to bring back revenues. It&#8217;s going to bring back taxes. It&#8217;s going to create lots of jobs here in the United States," the Nvidia CEO stated.
Huang then said that the company will remain flexible and responsive to government policies, stating that it will support whatever is in the nation's best interest. "We'll stay agile and keep moving on."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Nvidia CEO Jensen Huang: It would be a tremendous loss not to be able to address China&#039;s AI market" width="500" height="281" src="https://www.youtube.com/embed/hgpWi0JlRGA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Last week, it was reported that <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">Nvidia notified key Chinese clients</a> — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance, and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is developing new AI chip models specifically designed to meet U.S. export requirements.
Huang has also warned U.S. lawmakers that export restrictions on AI chips could be giving Huawei Technologies a <a href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race">competitive advantage</a> in the global AI race.
<a href="https://www.benzinga.com/25/05/45160136/nvidia-blasts-anthropic-for-backing-stricter-chip-bans-on-china-focus-on-innovation-than-tell-tall-tales">Nvidia also criticized</a> AI startup Anthropic for pushing for tougher U.S. export limits on AI chips to China.
Price Action: On Tuesday, Nvidia shares slipped 0.25% during the regular hours, closing at $113.54. In the after-hours trading, it gained 0.85%, reaching $114.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Nvidia also earned a strong growth score of 94.67% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> other top tech players like Alibaba and Tencent.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06224937/Screenshot-2025-05-07-at-8.19.31%E2%80%AFAM.png" alt="" class="wp-image-904677" /></a></figure>
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/45071155/mild-recession-is-best-case-outcome-jpmorgan-ceo-jamie-dimon" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Warns Recession Is Best-Case Outcome Of Trump Trade War</a></li>
</ul>
Photo Courtesy: jamesonwu1972 on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

Nvidia CEO Jensen Huang Says Losing Access To China's Potential $50 Billion AI Market Would Be A 'Tremendous Loss'

The Trump administration has <a target="_blank" href="https://www.benzinga.com/topic/nvidia" rel="noreferrer noopener">intensified semiconductor sanctions</a> on top of its tariff policies.
The U.S. plans to introduce a ruling to verify the location of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and peer-made artificial intelligence chips to prevent their smuggling into China, Reuters reported on Monday.
Nvidia stock is trading lower after the report.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44934100/analyst-sticks-with-nvidia-despite-fallout-from-china-curbs" rel="noreferrer noopener">Analyst Sticks With Nvidia Despite Fallout From China Curbs</a>
The Biden administration had already restricted China&#8217;s access to sophisticated semiconductor technology, including AI, citing national security threats.
Nvidia&#8217;s chips are critical to creating AI systems, including chatbots and image generators, to ones that can help craft biological weapons.
Reports have often indicated Nvidia AI chips flowing into China via illegal routes, and Nvidia has publicly acknowledged its failure to track its products&nbsp;after sales.
U.S. Representative Bill Foster, a Democrat from Illinois, plans to introduce a bill that would direct U.S. regulators to forge rules for tracking chips to ensure they remain in their legal location.
Reportedly, Chinese AI startup DeepSeek, whose AI systems posed a strong challenge to U.S. systems, were built with advanced Nvidia chips, Reuters cited SemiAnalysis.
Alphabet Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Google already tracks the location of its in-house AI chips and others for security purposes, Reuters cited unnamed sources familiar with the matter.
Foster&#8217;s legislation would give the U.S. Department of Commerce six months to develop laws requiring the technology.
Reportedly, <a target="_blank" href="https://www.benzinga.com/25/04/44963176/chinese-tech-firms-led-by-alibaba-hoard-nvidia-ai-chips-amid-us-sanctions" rel="noreferrer noopener">Chinese tech giants</a>, including ByteDance, Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), hoarded billions of dollars worth of&nbsp;Nvidia&#8217;s H20 AI chips amid U.S. sanctions.
They aimed to snap up 1 million H20s before the latest U.S. semiconductor sanctions kicked in. The companies&nbsp;reportedly placed over&nbsp;$16 billion in orders for the quarter.&nbsp;
Nvidia has bagged $18 billion of H20 orders since 2025 beginning. China has generated $17 billion in revenue in fiscal 2024, accounting for 13% of Nvidia&#8217;s total sales.
Price Actions: NVDA stock is down by 1.31% at $113.01 at the last check on Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/media/25/05/45169853/taiwan-semiconductor-gains-on-strong-earnings-from-meta-and-microsoft-boosting-ai-demand" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Gains On Strong Earnings From Meta And Microsoft Boosting AI Demand</a></li>
</ul>
Image Via Shutterstock

Government

Regulations

Nvidia's New Challenge: US Lawmaker Wants Company To Track Its Chips To Avoid Smuggling In China

President&nbsp;Donald Trump&nbsp;is expected to soon sign into law the "Take It Down Act," a sweeping bipartisan measure that targets the spread of nonconsensual, sexually&nbsp;explicit <a target="_blank" href="https://www.benzinga.com/media/25/04/45057271/donald-trump-set-to-sign-landmark-take-it-down-act-as-congress-targets-deepfake-images-and-videos" rel="noreferrer noopener">deepfake images&nbsp;and videos online</a>.
Trump&nbsp;will provide some relief to U.S. manufacturers by reportedly easing some duties imposed on foreign parts in<a target="_blank" href="https://www.benzinga.com/25/04/45059191/donald-trump-will-reduce-impact-on-us-auto-industry-by-alleviating-some-auto-tarrifs-report" rel="noreferrer noopener"> domestically manufactured vehicles</a>.
Republicans in the U.S. House of Representatives advanced a reform proposed by Rep.&nbsp;Sam Graves&nbsp;(R-MO), which tabled a <a target="_blank" href="https://www.benzinga.com/25/05/45127530/house-republicans-advance-rep-sam-gravess-proposal-to-charge-250-annual-fee-on-evs-report" rel="noreferrer noopener">$250 annual fee on all EVs</a>.
Earnings Results
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reported first-quarter revenue of $42.31 billion, beating analyst estimates of $41.39 billion and earnings of $6.43 per share, easily beating <a href="https://www.benzinga.com/news/earnings/25/04/45117948/meta-q1-earnings-eps-beat-revenue-up-16-ai-approaches-1-billion-monthly-actives-capital-expenditures-forecast-raised" target="_blank" rel="noreferrer noopener">analyst estimates of $5.21 per share</a>.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported fiscal second-quarter revenue of $95.36 billion, beating analyst&nbsp;estimates of $94.53 billion and earnings of $1.65 per share, beating analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more" rel="noreferrer noopener">estimates of $1.63 per share</a>.
Smartphones &amp; Applications
Apple is reportedly considering a shift of iPhone assembly to India. However, a renowned analyst has expressed skepticism about the potential effectiveness of this move in mitigating <a target="_blank" href="https://www.benzinga.com/25/04/45032214/analyst-questions-apples-reported-iphone-shift-to-india-amid-china-tariff-pressures-doesnt-solve-all-the-problems" rel="noreferrer noopener">the impact of China tariffs</a>.
Apple CEO Tim Cook said that the tech giant expects a $900 million cost impact in <a href="https://www.benzinga.com/tech/25/05/45156890/apple-ceo-tim-cook-warns-of-900-million-tariff-impact-in-june-quarter-expects-majority-of-iphones-sold-in-us-to-be-made-in-india" target="_blank" rel="noreferrer noopener">the June quarter due to tariffs</a>.
As Washington cranks up&nbsp;the tariff pressure,&nbsp;Apple&nbsp;may have already played its smartest card: doubling down on India for assembly and investing <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/45039357/apples-india-game-plan-looks-smarter-as-tariff-heat-rises-analyst-highlights-4-stocks-that-could-benefit" rel="noreferrer noopener">deeper into U.S. component suppliers</a>.
U.S. District Judge&nbsp;Yvonne Gonzalez Rogers&nbsp;found&nbsp;Apple and one of its top executives in contempt of court, accusing them of deliberately evading a 2021 injunction meant to curb the&nbsp;tech giant&#8217;s <a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">control&nbsp;over&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">App Store</a><a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">&nbsp;payments</a>.
Following a U.S. court ruling that found&nbsp;Apple violated the spirit of an injunction against&nbsp;anti-steering practices,&nbsp;Epic Games, backed by&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), has offered to bring&nbsp;Fortnite&nbsp;back to the&nbsp;App Store&nbsp;if the tech giant <a target="_blank" href="https://www.benzinga.com/news/legal/25/04/45123864/apple-ordered-to-ease-app-store-rules-in-us-epic-games-ceo-tim-sweeney-proposes-peace-deal-saying-well-return-fortnite-and-drop-all-litigation-only-if" rel="noreferrer noopener">fulfills this one condition</a>.
Spotify Technologies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) defended its $11.99 Premium plan while signaling that future price hikes could be <a target="_blank" href="https://www.benzinga.com/general/entertainment/25/04/45090328/spotify-defends-11-99-price-tag-but-executive-says-raising-prices-is-now-part-of-our-toolbox-can-music-escape-the-inflation-gauntlet" rel="noreferrer noopener">part of its long-term strategy</a>.
Technology
Alibaba Group Holdings Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) introduced&nbsp;Qwen 3,&nbsp;its most advanced <a target="_blank" href="https://www.benzinga.com/25/04/45057716/alibabas-qwen-3-launch-takes-aim-at-deepseeks-disruption-and-baidus-ernie-turbo-models" rel="noreferrer noopener">artificial intelligence model yet.</a>
Meta&nbsp;has announced the launch of a standalone AI app that will compete with the likes of&nbsp;OpenAI's&nbsp;ChatGPT,&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/04/45075691/meta-launches-ai-app-to-compete-with-chatgpt-gemini-grok" rel="noreferrer noopener">Google's</a><a target="_blank" href="https://www.benzinga.com/tech/25/04/45075691/meta-launches-ai-app-to-compete-with-chatgpt-gemini-grok" rel="noreferrer noopener">&nbsp;Gemini&nbsp;and xAI's Grok</a>.
Alphabet Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) CEO&nbsp;Sundar Pichai&nbsp;revealed ongoing talks with&nbsp;Apple to integrate the company&#8217;s Gemini AI into iPhones, amid federal regulators' push to rein in&nbsp;<a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45128130/google-aims-for-gemini-ai-deal-with-apple-this-year-says-sundar-pichai-amid-dojs-bid-to-curb-search-monopoly" rel="noreferrer noopener">Google&#8217;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45128130/google-aims-for-gemini-ai-deal-with-apple-this-year-says-sundar-pichai-amid-dojs-bid-to-curb-search-monopoly" rel="noreferrer noopener">dominance in online search</a>.
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&nbsp;told U.S. lawmakers that&nbsp;export restrictions on AI chips&nbsp;may be helping China&#8217;s&nbsp;Huawei Technologies&nbsp;gain a competitive foothold in the <a target="_blank" href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race" rel="noreferrer noopener">global artificial intelligence race</a>.
Automobiles &amp; Defense
Pershing Square&#8216;s&nbsp;Bill Ackman&nbsp;has hailed&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder&nbsp;Jeff Bezos-backed&nbsp;Slate Auto as the company recently <a target="_blank" href="https://www.benzinga.com/markets/25/04/45033046/bill-ackman-hails-jeff-bezos-backed-tesla-rival-slate-auto-says-it-will-be-a-big-success" rel="noreferrer noopener">revealed its $20,000 EV truck</a>.
Tesla&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chinese division is developing an affordable version of the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/04/45032179/tesla-reportedly-developing-a-cheaper-model-y-e80-variant-with-fewer-features-in-china" rel="noreferrer noopener">popular Model Y crossover SUV</a>.
Ross Gerber&nbsp;has called out&nbsp;Tesla&#8216;s&nbsp;rumored Model Y E80, which is slated to be a more affordable <a target="_blank" href="https://www.benzinga.com/25/04/45033764/tesla-bull-ross-gerber-slams-rumored-affordable-model-y-e80-just-4-wheels-and-you" rel="noreferrer noopener">version of the new Model Y</a>.
Tesla said that the company expects the first units of the Semi to enter <a target="_blank" href="https://www.benzinga.com/tech/25/04/45060435/teslas-first-batch-of-semi-trucks-to-roll-out-from-nevada-plant-by-late-2025-despite-disruption-from-trumps-145-tariffs" rel="noreferrer noopener">production by the end of the year.</a>
Tesla is ramping up the production of its Semi Truck as the company reportedly added over 1,000 Workers <a target="_blank" href="https://www.benzinga.com/tech/25/04/45092570/tesla-adds-1000-workers-at-nevada-gigafactory-to-fuel-elon-musks-semi-truck-ambitions-report" rel="noreferrer noopener">to its Nevada Giga factory</a>.
Dan Ives&nbsp;refuses to acknowledge&nbsp;Alphabet&#8216;s&nbsp;and&nbsp;Toyota Motor Corp&#8216;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) partnership&nbsp;as a threat to&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45126638/tesla-will-own-the-autonomous-market-dan-ives-says-shrugging-off-waymo-toyota-agreement" rel="noreferrer noopener">Tesla</a><a target="_blank" href="https://www.benzinga.com/25/05/45126638/tesla-will-own-the-autonomous-market-dan-ives-says-shrugging-off-waymo-toyota-agreement" rel="noreferrer noopener">&#8216;s&nbsp;Robotaxi ambitions</a>.
Elon Musk&#8216;s space-based internet service provider,&nbsp;Starlink, could reportedly face delays in its plans to expand into India <a target="_blank" href="https://www.benzinga.com/general/space/25/04/45037304/elon-musks-india-ambitions-face-regulatory-hurdles-amid-uncertainty-around-starlink-license-report" rel="noreferrer noopener">due to regulatory requirements</a>.
Future Fund&#8216;s noted investor,&nbsp;Gary Black, has raised questions over&nbsp;Tesla marketing strategy as&nbsp;Elon Musk&nbsp;says his brand can be the "most <a target="_blank" href="https://www.benzinga.com/markets/equities/25/04/45063886/elon-musk-wants-tesla-to-be-most-valuable-company-in-the-world-but-top-investor-doubts-ev-giants-rise-without-apple-style-marketing-strategy" rel="noreferrer noopener">valuable company" in the world</a>.&nbsp;
Airbus SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) has agreed to take over assets owned by&nbsp;Spirit Aerosystems Holdings Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) in a boost to the <a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">manufacturer&#8217;s acquisition by&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">Boeing Co. </a><a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)</a>.
Stellantis&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) parent company of Dodge and Jeep, will debut a solid-state <a target="_blank" href="https://www.benzinga.com/tech/25/04/45061846/stellantis-announces-breakthrough-solid-state-battery-with-factorial-energy-company-says-technology-will-debut-in-2026-demo-fleet" rel="noreferrer noopener">battery in the Charger EV</a>.&nbsp;
Stellantis&nbsp;will reportedly move some of its production activities into the U.S. as the company grapples with <a target="_blank" href="https://www.benzinga.com/markets/25/05/45133236/chrysler-jeep-owner-stellantis-to-move-some-auto-production-into-the-us-to-avoid-tariffs" rel="noreferrer noopener">uncertainty caused by U.S. auto tariffs</a>.
General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) recalled over 877,000 vehicles with the 6.2-liter V8 engine due to possible defects. The company has also issued a stop-sale <a target="_blank" href="https://www.benzinga.com/markets/25/04/45065511/general-motors-recalls-877000-trucks-and-suvs-due-to-faulty-engine" rel="noreferrer noopener">order for the affected models</a>.
Mercedes-Benz Group&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) pulled its 2025 earnings guidance, citing uncertainty over U.S. <a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">Donald Trump</a><a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">&#8216;s tariffs</a>.
As Chinese EV giant&nbsp;BYD Co., Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) is gearing up to expand its presence in Europe, satellite images show the company&#8217;s facility in <a target="_blank" href="https://www.benzinga.com/25/04/45097773/satellite-images-put-tesla-rival-byds-hungarian-factory-capable-of-producing-200k-units-annually-in-the-spotlight" rel="noreferrer noopener">Hungary taking shape</a>.
Ford Motor Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has announced it will delay the planned hike in prices for its vehicles until it sees how the<a target="_blank" href="https://www.benzinga.com/25/05/45129156/jim-farley-says-ford-will-delay-price-hike-to-see-how-competitors-react-to-tariffs-extends-employee-pricing-through-july" rel="noreferrer noopener"> competitors respond to auto tariffs</a>.
Artificial Intelligence (AI)
Mark Zuckerberg said that&nbsp;Meta&#8217;s artificial intelligence future will cater to both billions of free users and a group willing to pay <a target="_blank" href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price" rel="noreferrer noopener">big for powerful digital agents</a>.
Meta CEO&nbsp;Mark Zuckerberg&nbsp;predicts that the future of AI won&#8217;t follow the "winner takes most" model seen <a target="_blank" href="https://www.benzinga.com/tech/25/05/45125414/mark-zuckerberg-doesnt-believe-that-ai-market-will-follow-searchs-winner-takes-most-model-meta-ceo-predicts-multiple-specialized-ais-for-work-and-play" rel="noreferrer noopener">in the search engine industry</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;acknowledged that the last few updates to the&nbsp;GPT-4o&nbsp;model made its personality <a target="_blank" href="https://www.benzinga.com/25/04/45030694/openai-ceo-sam-altman-says-gpt-4o-personality-tweaks-made-it-annoying-fixes-coming-this-week" rel="noreferrer noopener">"too sycophant-y and annoying."</a>
OpenAI&nbsp;unveiled an upgrade to&nbsp;ChatGPT&#8217;s&nbsp;search functionality, enabling users to browse and shop for <a target="_blank" href="https://www.benzinga.com/25/04/45058959/openai-launches-ad-free-shopping-search-in-chatgpt-heres-how-it-works" rel="noreferrer noopener">products directly within the chatbot</a>.
Geoffrey Hinton, known as the "Godfather of AI," has joined a growing chorus of experts and former employees urging regulators to block&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/04/45060194/godfather-of-ai-geoffrey-hinton-backs-elon-musk-in-fight-against-openais-restructuring-id-like-to-stop-them-from-completely-gutting-it" rel="noreferrer noopener">OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/tech/25/04/45060194/godfather-of-ai-geoffrey-hinton-backs-elon-musk-in-fight-against-openais-restructuring-id-like-to-stop-them-from-completely-gutting-it" rel="noreferrer noopener">&nbsp;controversial&nbsp;restructuring plans</a>.

Large Cap

AMZN

BYDDF

EADSF

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

SPOT

STLA

TSLA

Consumer Tech News (Apr 28-May 2): Trump May Ease Auto Part Tariffs,  House Republicans Tabled $250 Charge On EV & More

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is reportedly developing redesigned artificial intelligence chips for major Chinese tech firms after warning that tightened U.S. export restrictions on its H20 chip could <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">lead to multibillion-dollar losses</a>.
What Happened: Nvidia has informed key Chinese customers — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is working on new AI chip designs tailored to comply with U.S. export regulations, reported Reuters, <a href="https://www.theinformation.com/articles/nvidia-working-china-tailored-chips-u-s-export-ban">citing</a> The Information on Friday.
Nvidia CEO Jensen Huang discussed the new plans with customers during a mid-April trip to Beijing, the report noted, citing three people involved in the conversation. This was shortly after the company disclosed that the export restrictions could result in a $5.5 billion revenue hit.
A prototype of the redesigned chip could be ready as early as June, the report said. Additionally, Nvidia is said to be developing a China-specific version of its Blackwell AI chip.
See Also: <a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
Why It's Important: Earlier this week, Brian Colello, equity strategist at Morningstar, voiced a <a href="https://www.benzinga.com/25/04/45092827/nvidia-to-face-significant-market-loss-in-china-amid-huaweis-ai-chip-development-says-analyst-its-pretty-much-game-over-for-nvidia-in-china">pessimistic view of Nvidia's</a> business outlook in China but remained optimistic about the company's performance in developed markets.
Colello pointed to rising competition from Huawei as a major challenge, saying, "I think it's pretty much game over for Nvidia in China."
On Thursday, Nvidia CEO Jensen Huang told U.S. lawmakers that <a href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race">restrictions on exporting AI chips</a> could be giving China's Huawei Technologies an edge in the global race for AI dominance.
On the same day, Nvidia also took aim at AI startup Anthropic for <a href="https://www.benzinga.com/25/05/45160136/nvidia-blasts-anthropic-for-backing-stricter-chip-bans-on-china-focus-on-innovation-than-tell-tall-tales">advocating stricter U.S. export controls</a> on AI chips to China.
Price Action: On Friday, Nvidia shares climbed 2.59%, ending the day at $114.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga Edge Stock Rankings awarded Nvidia an impressive growth score of 94.84%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other leading tech firms</a> like Alibaba and Tencent.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/45071155/mild-recession-is-best-case-outcome-jpmorgan-ceo-jamie-dimon" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Warns Recession Is Best-Case Outcome Of Trump Trade War</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: epha1st0s/Shutterstock

Nvidia Reportedly Designing New AI Chips For Alibaba, ByteDance, Tencent After Jensen Huang-Led Company Warned US Export Ban On H20 Could Cost $5.5 Billion

In the face of growing macroeconomic uncertainties and new indications of economic slowdown, investors are increasingly directing their attention out of U.S. shores. 
The first half of 2025 witnessed <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45098824/tariffs-hit-hard-as-us-economy-shrinks-for-first-time-since-2022">U.S. gross domestic product (GDP) contracted by 0.3%</a>, a violent turnabout of the 2.4% expansion recorded for the last quarter of 2024. It is the initial economic downturn since 2022, and that bodes a possible turbulence for the future.
Adding to the decline are rising tariff tensions, which remain roiling market sentiment. Under such conditions, diversification on a global scale is no longer a nicety—it is becoming a requirement. Global ETFs are becoming increasingly attractive vehicles for investors who want to achieve growth and protection from home economic headwinds. Three of these <a href="https://www.benzinga.com/etfs">ETFs are gaining increased attention</a> below:
Avantis International Large Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVIV#NYSE">AVIV</a>) 
<ul>
<li>YTD performance: +12.4% </li>
<li>The Avantis International Large Cap Value ETF has gained terrific momentum over the past few weeks. With more than $67 million in April alone (per FactSet data cited by VettaFi), AVIV&#8217;s draw is its value-oriented strategy towards non-U.S. large-cap stocks. The <a href="https://www.avantisinvestors.com/avantis-investments/avantis-international-large-cap-value-etf/">fund </a>targets strong-fundamentally positioned names with long-term growth potential, thus offering a mix of defensive exposure and upside.</li>
<li>AVIV&#8217;s value bias provides a timely benefit. When U.S. expansion weakens and valuation risks mount domestically, investors are seeking out more affordable equities outside the country. Not only does this strategy offer a plausible safe haven but also it fits with overarching themes of long-term capital appreciation.</li>
</ul>
Vanguard FTSE Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VWO#NYSE">VWO</a>)
<ul>
<li>YTD performance: +3.2%</li>
<li>For investors looking for targeted exposure to the world&#8217;s fastest-growing economies, the Vanguard FTSE Emerging Markets ETF is a compelling choice. VWO is <a href="https://investor.vanguard.com/investment-products/etfs/profile/vwo#portfolio-composition">concentrated </a>in the stocks of countries such as China, India, Brazil, and Taiwan—markets typically underweight in more general international ETFs. Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Tencent (OTCPK: TCEHY), Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) are among its largest holdings.</li>
<li>With supply chains around the world reshaping themselves and growth potential shifting eastward, VWO leverages the long-term structural ascendancy of emerging markets.</li>
<li>Even though the near-term volatility associated with these markets is a challenge, VWO provides diversification away from developed economies that are currently facing growth stagnation and policy uncertainty. It&#8217;s a compelling option for those willing to take a slightly higher risk and have a long time horizon.</li>
</ul>
Vanguard Total International Stock ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VXUS#NASDAQ">VXUS</a>)
<ul>
<li>YTD performance: +8.6%</li>
<li>The Vanguard Total International Stock ETF is another vehicle that has benefited from investors&#8217; demand for international equity exposure. In contrast with its U.S.-oriented cousin, the Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>), which declined more than 4% this year thus far, VXUS rose close to 9%, indicating rising confidence in overseas markets.</li>
<li>VXUS <a href="https://investor.vanguard.com/investment-products/etfs/profile/vxus">offers </a>exposure to thousands of stocks in non-U.S. developed and emerging markets. It&#8217;s a sound option for those seeking to diminish U.S.-specific risk without crossing into niche or high-fee territory. With economic expansion gaining momentum in a number of international economies, VXUS offers a simple, broad-market bet on global rebound.</li>
</ul>
What&#8217;s Next: With economic uncertainty fermenting and policy uncertainty hanging over the domestic horizon, the attraction of international ETFs will rise. Although no investment is risk-free, these funds do represent a level of diversification that can act as ballast in rough seas. Whether it&#8217;s valuation fear, macro headwinds, or plain old diversification strategy, the trend towards international exposure is less of a trend—and more of a necessary strategic realignment.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/05/45143330/ai-hypersonics-24-billion-market-portfolio-manager-gives-a-peek-inside-gcads-bet-on-drone-warfar"> AI, Hypersonics, $24 Billion Market: Portfolio Manager Gives A Peek Inside GCAD&#8217;s Bet On Drone Warfare Dominance</a></li>
</ul>
Image: Shutterstock

Broad U.S. Equity ETFs

AVIV

VXUS

3 Global ETFs Taking Off As US Economy Falters

Following a U.S. court ruling that found Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) violated the spirit of an injunction against <a href="https://www.benzinga.com/general/gaming/24/08/40423388/epic-games-mobile-store-goes-live-in-europe-ceo-says-apple-had-to-be-challenged">anti-steering practices</a>, Epic Games, backed by Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), has offered to bring Fortnite back to the App Store if the tech giant fulfills this one condition.
What Happened: On Wednesday, Judge Yvonne Gonzalez Rogers ordered Apple to cease collecting commissions on purchases made outside its App Store and to stop blocking developers from linking to alternative payment methods, <a href="https://appleinsider.com/articles/25/05/01/fortnite-could-return-to-apple-app-store-if-apple-accepts-epic-peace-proposal">reported</a> AppleInsider.
Epic Games CEO Tim Sweeney extended a striking offer to Apple via X after the court decision.
See Also: <a href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price">Meta CEO Mark Zuckerberg Says AI Won&#8217;t Just Be About Free Tools And Ads — Some People Will Pay A Fortune To Deploy Armies Of Digital Workers</a>
&#8220;If Apple extends the court&#8217;s friction-free, Apple-tax-free framework worldwide, we&#8217;ll return Fortnite to the App Store worldwide and drop current and future litigation on the topic,&#8221; he stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We will return Fortnite to the US iOS App Store next week. Epic puts forth a peace proposal: If Apple extends the court&#39;s friction-free, Apple-tax-free framework worldwide, we&#39;ll return Fortnite to the App Store worldwide and drop current and future litigation on the topic. <a href="https://t.co/bIRTePm0Tv">https://t.co/bIRTePm0Tv</a>
&mdash; Tim Sweeney (@TimSweeneyEpic) <a href="https://twitter.com/TimSweeneyEpic/status/1917716512347152499?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: To meet Epic's conditions, Apple would need to stop earning revenue from any purchases made outside the App Store worldwide and lift its restrictions on external payment links, the report said.
Doing so could lead to a noticeable reduction in Apple's lucrative commission income. Fortnite would be free to download, and Apple would receive no revenue from it beyond the standard $100 annual developer fee.
On Thursday, Apple could post <a href="https://www.benzinga.com/25/04/45117801/apple-q2-earnings-preview-analysts-remain-bullish-with-caution-of-tariff-tornado-hitting-iphone">stronger-than-expected results</a> for its iPhone business and performance in China when it releases its second-quarter earnings. Wall Street expects the tech giant to report $94.42 billion in revenue for the quarter, up from $90.75 billion during the same period last year.
Price Action: Apple shares have fallen 12.86% year-to-date in 2025 but are still up 24.76% over the past 12 months. On Wednesday, the stock rose 0.61% during regular trading but slipped 1.65% after hours, closing at $209, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
In Benzinga Edge's Stock Rankings, Apple earns a growth score of 44.64% and a momentum score of 74.99%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other top tech stocks</a>.
Photo Courtesy: Tada Images on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/24/07/39842841/charlie-munger-said-getting-rich-is-harder-than-ever-but-heres-the-beauty-of-it-you-only-have-to" target="_blank" rel="noreferrer noopener">Charlie Munger Said Getting Rich Is Harder Than Ever, But Here's ‘The Beauty Of It' — You Only Have To Do It Once</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Legal

Apple Ordered To Ease App Store Rules In US — Epic Games CEO Tim Sweeney Proposes Peace Deal, Saying 'We'll Return Fortnite' And Drop All Litigation Only If...

There was a big rally on Wall Street on Friday, with a lift by technology and AI stocks, amid indications of weakening tensions in the<a href="https://www.benzinga.com/topic/us-china-relations-0"> U.S.-China trade ties</a>. The tech-heavy Nasdaq Composite at the forefront with a 2.71% gain. Diplomatic gestures hinted at a possible <a href="https://www.benzinga.com/markets/25/04/45065482/us-china-to-ease-tariffs-gradually-after-complex-talks-says-morgan-stanley-but-cuts-chinas-growth-outlook">easing of U.S.-China trade relations</a>. Beijing lobbied for the removal of U.S. tariffs on Chinese exports following statements by U.S. Treasury Secretary Scott Bessent to roll back trade tensions. The move was seen as a positive sign for the tech sector, which has been most affected by the trade conflict.
In the constantly shifting field of technology investing, two <a href="https://www.benzinga.com/etfs">ETFs lead the pack</a>, each with its own geographical and strategic spin. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) has been the quintessential bellwether for U.S. tech innovation for some time, but the Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>) aims to catch the energy of China&#8217;s emerging tech trends. While both have a sectoral focus in common, the narrative they present is one of divergence—on performance, risk, and opportunity.
Also Read: <a href="https://www.benzinga.com/25/04/45026616/trumps-trade-war-causes-sharp-decline-in-us-imports-from-china">Trump&#8217;s Trade War Causes Sharp Decline In US Imports From China</a>
QQQ, which follows the NASDAQ-100 Index, is filled with some of America&#8217;s most valuable and powerful non-financial giants such as Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). It has always posted good returns for shareholders, with a five-year return of a stunning 124%. Its one-year return, as of the latest available figures, is 10%. Its low-cost expense ratio of 0.20% and dividend yield of around 0.60% make it a desirable pick for growth versus value-conscious investors desiring a mix of stability and growth. QQQ&#8217;s performance has also been catalyzed by the recent and sudden surge in artificial intelligence investments, as well as strong Q1 earnings from some of its largest constituents.
On the other hand, CQQQ shares a more complex story—one influenced by regulatory seismic shifts, geopolitical trends and another type of tech aspiration. This ETF tracks the FTSE China Incl A 25% Technology Capped Index and holds top Chinese tech stocks such as Tencent (OTCPK: TCEHY), PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and Meituan. CQQQ recently mounted a stunning recovery, with a one-year return of 21%, outperforming QQQ&#8217;s performance. But its three- and five-year track record is still challenged, with negative three- and five-year returns. The fund also has a higher expense ratio of 0.65% and a lower dividend yield of 0.25%.
The dramatic disparity in performance metrics between QQQ and CQQQ highlights the divergent realities of U.S. and Chinese tech ecosystems. QQQ&#8217;s consistent upward trajectory mirrors a market led by mega-cap companies with stable earnings and global reach. CQQQ, on the other hand, is going through a recovery phase following years of regulatory tightening, economic uncertainty, and investor skepticism. Its recent rally indicates renewed investor optimism, but its greater volatility requires a more risk-hungry attitude.
For investors, whether to invest in QQQ or CQQQ is less about selecting a winner and more about staying true to their investment worldview. QQQ might be the preferred vehicle for those wanting solid exposure to well-established market leaders in a generally stable regulatory regime. For others, however, CQQQ might be more appealing for those who want greater exposure to the potential upside of China&#8217;s fast-changing technology space.
In the end, both of these ETFs can serve supporting roles in a diversified portfolio. QQQ provides predictability and size, and CQQQ offers a ticket to a riskier but potentially lucrative ride. Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/45079717/oils-slippery-slide-what-uso-and-xop-etfs-reveal-about-energy-market-panic">Oil&#8217;s Slippery Slide: What USO And XOP ETFs Reveal About Energy Market Panic</a></li>
</ul>
Photo: Shutterstock

CQQQ

MSFT

Citigourp Global Markets 2% Protected Notes Linked To The Djia

QQQ Vs CQQQ: Which Tech ETF Should You Bet On Now As AI Boom Meets U.S.-China Trade Thaw?

On April 24, 2025, iShares MSCI Argentina and Global Exposure ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>) dashed ahead of leading indices, making even the S&amp;P 500 and the popular iShares MSCI Emerging Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEM#NYSE">EEM</a>) nervously trying to catch up.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44706269/argentinas-congress-approves-investigation-of-scam-ridden-libra-token-promoted-by-president-javier-milei">Argentina&#8217;s Congress Approves Investigation Of Scam-Ridden LIBRA Token Promoted By President Javier Milei</a>
As reported by <a href="https://www.benzinga.com/topic/eric-balchunas">Bloomberg analyst Eric Balchunas</a>, ARGT closed at $42.35, a steep 3.5% daily advance from its earlier close of $40.90. In comparison, the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose just 0.5% to $498.12, and the Emerging Markets ETF, a broader indicator of emerging countries, managed a 1.2% gain, closing at $43.70.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TIL The Argentina ETF has been absolutely destroying <a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> and EM (altho that isn&#39;t that hard).. wow <a href="https://twitter.com/search?q=%24ARGT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARGT</a> <a href="https://t.co/S7GBs64yrS">pic.twitter.com/S7GBs64yrS</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1915394943587098962?ref_src=twsrc%5Etfw">April 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
So, what&#8217;s driving this Latin rally? Argentina&#8217;s recent move to relax long-standing currency controls has ignited investor enthusiasm. The government&#8217;s action was an appreciated tango step toward liberalization, drawing capital inflows and prompting a surge in equity demand, Blockchain News <a href="https://blockchain.news/flashnews/argentina-etf-outperforms-spy-and-emerging-markets-a-trading-analysis">said</a>. 
Also Read:<a href="https://www.benzinga.com/markets/equities/25/03/44568118/is-us-taking-cues-from-argentinas-bold-reforms-that-sparked-a-market-rally"> Is US Taking Cues From Argentina&#8217;s Bold Reforms That Sparked A Market Rally?</a>
ARGT Vs EEM: Apples And Empanadas
While EEM provides diversified exposure across nations such as China, India, Brazil and South Korea, ARGT is far more focused, following the MSCI All Argentina 25/50 Index, which concentrates on the top 20 Argentine firms. That makes ARGT riskier but also more responsive to domestic economic reform, a risk and an opportunity. ARGT places a heavy weight on local players like MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), YPF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>), and Grupo Financiero Galicia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), giving it a high beta.
EEM, on the other hand, leans toward Chinese tech giants like Tencent (OTCPK: TCEHY) and Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), as well as those from South Korea and India. This insulates the fund from country-specific shocks. But as a tradeoff, the upside is less explosive when a single market surges.
Additionally, ARGT levies a bit higher fee of 59 basis points compared to EEM&#8217;s 68 bps but provides a more focused bet on a single recovering market.
For those with a taste for measured risk and a preference for macro-fueled momentum, ARGT may be the spicier dish to try. As EEM continues to offer a well-balanced, globally diversified option, ARGT&#8217;s high-conviction exposure to Argentina&#8217;s liberalizing economy offers a high-reward option, along with a side of risk. As Buenos Aires opens the throttle and investor enthusiasm warms up, ARGT may remain a popular choice.
Read Next: 
<a href="https://www.benzinga.com/etfs/sector-etfs/25/04/45020234/forget-nvidia-etfs-are-quietly-piling-into-amd-do-they-know-something-we-dont">Forget Nvidia, ETFs Are Quietly Piling Into AMD — Do They Know Something We Don&#8217;t?</a>
Photo: Shutterstock

ARGT Vs EEM: Why Argentina's Focused ETF Is Gaining The Edge

The past week has been a rollercoaster ride for the autonomous driving and electric vehicle (EV) sectors. From President Trump&#8217;s change of heart on autonomous vehicles to Jeff Bezos-backed EV startups making waves, the industry has seen significant developments. Let&#8217;s dive into the top stories of the week.
Trump&#8217;s Change of Heart on Autonomous Vehicles
The autonomous driving sector has seen a surge in optimism following the National Highway Traffic Safety Administration&#8217;s updated regulations that could simplify testing and regulation. This comes as a surprise given President Donald Trump&#8217;s previous opposition to autonomous vehicles. The President once stated he would keep autonomous vehicles &#8220;from operating on American roads&#8221;.
<a href="https://www.benzinga.com/25/04/45022642/trump-change-of-heart-or-musk-influence-president-once-said-would-keep-autonomous-vehicles-from-operating-on-american-roads">Read the full article here.</a>
Bezos vs. Tesla vs. Rivian
Both Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) are set to release more affordable EVs, a move that could help them fend off competition from a new EV startup backed by Amazon.com founder Jeff Bezos. Michigan-based startup Slate Auto has been showcasing concept versions of its electric pickup truck and recently held an event to share more details about the company&#8217;s future.
<a href="https://www.benzinga.com/trading-ideas/25/04/45014243/bezos-vs-tesla-vs-rivian-stock-company-backed-by-amazon-founder-can-turn-20k-ev-truck-into-suv">Read the full article here.</a>
See Also: <a href="https://benzinga.com/government/regulations/25/04/44972893/trump-says-us-doesnt-need-canadian-cars-hints-tariffs-could-rise-we-dont-want-your-cars-wi" target="_blank" rel="noreferrer noopener">Trump Says US Doesn&#8217;t Need Canadian Cars — Hints Tariffs Could Rise: &#8216;We Don&#8217;t Want Your Cars, With All Due Respect&#8217;</a>
Pony.ai and Tencent&#8217;s Robotaxi Partnership
Chinese autonomous driving company Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) announced plans to develop autonomous driving technology in partnership with Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>). The deal will include cooperation in cloud services, map data, information security, and intelligent cockpit ecosystems.
<a href="https://www.benzinga.com/media/25/04/45013465/pony-ai-and-tencent-partner-on-l4-robotaxis-expand-chinas-self-driving-future">Read the full article here.</a>
Bezos-Backed Tesla Rival Unveils $20,000 Modular EV Pickup Truck
Slate Auto, an EV manufacturer backed by Amazon.com Inc. founder Jeff Bezos, unveiled its modular EV pickup truck. The two-seater EV pickup truck features a retro design that is reminiscent of models from manufacturers like Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>).
<a href="https://www.benzinga.com/tech/25/04/45006513/jeff-bezos-backed-tesla-rival-unveils-20000-modular-ev-pickup-truck-with-customization-at-the-forefront">Read the full article here.</a>
Tesla Rolls Out Free FSD Transfers Amid Poor Sales
Tesla has rolled out a range of promotions for customers in the U.S. on all of its models in an attempt to boost declining sales figures. The promotions include FSD transfers on all new Model 3, Model Y, Model S, Model X, and the Cybertruck orders free of charge.
<a href="https://www.benzinga.com/tech/25/04/45004433/tesla-rolls-out-free-fsd-transfers-on-all-us-models-including-cybertruck-amid-poor-sales">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://benzinga.com/tech/25/04/45006513/jeff-bezos-backed-tesla-rival-unveils-20000-modular-ev-pickup-truck-with-customization-at-the-forefront" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Tesla Rival Unveils $20,000 Modular EV Pickup Truck With Customization At The Forefront</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

PONY

RIVN

Trump's Autonomous Vehicles Stance, Bezos Vs. Tesla, And More: This Week In Mobility

<a target="_blank" href="https://www.benzinga.com/topic/autonomous-driving" rel="noreferrer noopener">Chinese autonomous driving</a> company Pony AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) on Friday shared plans to develop autonomous driving technology in partnership with Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Tencent Cloud and deploy robotaxi services on Tencent&#8217;s WeChat and other applications.
The deal will include cooperation in cloud services, map data, information security, and intelligent cockpit ecosystems, CNBC <a target="_blank" href="https://www.cnbc.com/2025/04/25/ponyai-teams-up-with-tencent-for-robotaxi-services-on-wechat-other-apps.html" rel="noreferrer noopener">reported</a> Friday, citing the company press release.
The companies will also integrate Pony.ai&#8217;s robotaxi ride-hailing services into Tencent&#8217;s WeChat app and other applications, such as Tencent Maps.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44978234/intel-autonomous-driving-firm-mobileye-reaffirms-2025-outlook-after-record-q1-growth-in-system-shipments-and-design-wins" rel="noreferrer noopener">Intel Autonomous Driving Firm Mobileye Reaffirms 2025 Outlook After Record Q1 Growth</a>
Pony.ai CEO James Peng told CNBC on Friday at the Shanghai Auto Show that both companies had been discussing a deal for some time.
Peng also hinted at the possibility of WeChat app users booking Pony.ai robotaxi rides straight through their app.
The companies will also collaborate on developing, testing, and operating Robotaxis, particularly in L4-level autonomous driving. Pony.ai showcased its L4, seventh-generation robotaxi solution on Wednesday at the Shanghai Auto Show.
Separately, Pony.ai announced that Hesai Group&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) lidar will power its <a target="_blank" href="https://www.benzinga.com/25/04/44993180/pony-ai-shares-surge-after-hesai-lidar-partnership-announcement-whats-going-on" rel="noreferrer noopener">new robotaxi fleet</a>.
In April, Pony.ai <a target="_blank" href="https://www.benzinga.com/25/04/44627035/pony-ai-teams-up-with-luxembourg-transit-giant-to-launch-level-4-autonomous-vehicle-trials" rel="noreferrer noopener">won approval to</a> begin Level 4 robotaxi testing in Luxembourg with local transit partner Emile Weber.
The company has testing permits in China, the U.S., South Korea and Luxembourg.
In March, Pony.ai&nbsp;launched a paid, fully driverless robotaxis in Shenzhen&#8217;s key Nanshan business district. The company expanded commercial operations to connect Nanshan with its existing service zone in Baoan District.
In U.S., Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and&nbsp;Uber Technologies, Inc&nbsp;announced on Thursday <a target="_blank" href="https://www.benzinga.com/news/25/04/44988070/autonomous-ride-hailing-just-got-real-vw-and-uber-reveal-first-us-city" rel="noreferrer noopener">a collaboration to</a> deploy an all-electric, fully autonomous ID. Buzz AD vehicles within multiple U.S. markets, starting in Los Angeles&nbsp;over the next decade.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) tweeted&nbsp;Wednesday that it has started testing its autonomous ride-hail service with Austin and the Bay Area employees ahead of its planned robotaxi launch this summer.
Price Action: PONY stock is down 9.51% to $6.85 at last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44934176/rivian-taps-ai-expert-aidan-gomez-to-drive-innovation-advanced-technology-integration" target="_blank" rel="noreferrer noopener">Tesla Rival Rivian Taps AI Expert Aidan Gomez To Drive Innovation</a></li>
</ul>
Photo by Tada Images via Shutterstock

HSAI

VWAGY

Pony.ai And Tencent Partner On L4 Robotaxis, Expand China's Self-Driving Future

Chinese internet companies, including ByteDance, Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), hoarded billions of dollars worth of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20 <a target="_blank" href="https://www.benzinga.com/topic/ai" rel="noreferrer noopener">artificial intelligence (AI) chips</a> as the U.S. semiconductor sanctions kicked in.
Nvidia tailor-made the H20 chips to comply with U.S. semiconductor sanctions. However, the Chinese companies started hoarding them in 2024, fearing potential shipment restrictions, Nikkei Asia <a target="_blank" href="https://asia.nikkei.com/Business/Tech/Semiconductors/ByteDance-Alibaba-and-Tencent-stockpile-billions-worth-of-Nvidia-chips" rel="noreferrer noopener">reported</a> on Wednesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44897214/nvidia-discusses-ai-powering-future-with-japan-amid-rising-energy-demands" rel="noreferrer noopener">Nvidia&#8217;s Jensen Huang Meets Japanese PM To Discuss AI&#8217;s Growing Energy Needs</a>
They aimed to snap up 1 million H20s before the latest U.S. semiconductor sanctions. The companies <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44846329/nvidias-china-sales-face-setback-as-h20-chip-restrictions-catch-key-buyers-off-guard-reuters" rel="noreferrer noopener">reportedly placed over</a> $16 billion in orders for the quarter.&nbsp;
According to the report, Nvidia bagged $18 billion of H20 orders since 2025 beginning.
China generated $17 billion in revenue in fiscal 2024, accounting for 13% of Nvidia&#8217;s total sales.
In March, Alibaba Chairman Joe Tsai <a href="https://www.benzinga.com/media/25/03/44274410/alibaba-chair-says-ai-total-addressable-market-is-10-trillion-expects-benefits-via-its-cloud-business" target="_blank" rel="noreferrer noopener">told CNBC that</a> AI&#8217;s total addressable market is at least $10 trillion. Alibaba was among the first major global tech companies to open-source its large-scale AI models. Over the next three years, Alibaba earmarked $53 billion for cloud and AI infrastructure.
Alibaba, also known as China&#8217;s tech barometer, surged over 36% year-to-date, fueled by optimism over additional domestic government stimulus and the popularity of Chinese AI startup DeepSeek&#8217;s promises of affordable AI models topping OpenAI and peers.
Dan Ives&nbsp;of Wedbush Securities called Alibaba the &#8220;best way to play China tech,&#8221; citing its strong positioning in AI and cloud.
Following the H20 effective shipment ban to China on April 15,&nbsp;Nvidia stock has declined 14%, versus the PHLX Semiconductor Sector&#8217;s 8% and the S&amp;P 500&#8217;s 4%.
BofA Securities analyst Vivek Arya&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44934100/analyst-sticks-with-nvidia-despite-fallout-from-china-curbs" rel="noreferrer noopener">noted China and</a> H20 exposure as generally de-risked and expected Nvidia&#8217;s gross margins to typically improve throughout the fiscal second half as Blackwell gains scale and Blackwell Ultra ramps up.
Although the upcoming AI Diffusion Rule remains Nvidia&#8217;s most significant near-term risk, Arya&nbsp;reiterated a Buy rating on&nbsp;Nvidia, citing the current stock volatility as an enhanced buying opportunity.
Price Actions: NVDA stock is up 3.34% at $102.19 at the last check on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/04/44935325/why-are-us-listed-chinese-stocks-trading-higher-on-tuesday" target="_blank" rel="noreferrer noopener">Alibaba, EV Stocks Jump As U.S.-China Tensions Cool — But Europe Still A Wild Card</a></li>
</ul>
Photo by Hepha1st0s via Shutterstock

Asia

China's Big Tech Firms Hoard Nvidia AI Chips Before Latest US Sanctions

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) research arm, Damo Academy, has won <a target="_blank" href="https://www.benzinga.com/topic/alibaba-group" rel="noreferrer noopener">a key endorsement</a> from the U.S. Food and Drug Administration (FDA) for an&nbsp;artificial intelligence (AI)-powered cancer detection tool.
The FDA granted the &#8220;breakthrough device&#8221; designation to the research group&#8217;s Damo Panda model, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3307083/alibabas-ai-cancer-detection-tool-clears-fda-hurdle-faster-approval-process" rel="noreferrer noopener">cited</a> Alibaba last Thursday.
Alibaba revealed that Damo Panda would identify pancreatic cancer in November 2023 in a paper published in &nbsp;Nature Medicine.
Read Next: <a target="_blank" href="https://www.benzinga.com/25/04/44837898/chinese-stocks-slide-as-trump-tariffs-surge-to-245-sparking-fears-of-price-hikes-and-delistings" rel="noreferrer noopener">US-Listed Chinese Stocks Struggle as Trade War Escalates and Tariffs Rise</a>
Alibaba has already deployed Damo Panda in trials across China. It has screened 40,000 people at a hospital in Ningbo city.
Alibaba established Damo Academy in 2017, focusing on AI and the open-source chip architecture RISC-V. Damo Academy will promote the AI model by partnering with firms such as Ankon Medical Technologies.
Former&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) chief executive&nbsp;Eric&nbsp;Schmidt&nbsp;highlighted <a target="_blank" href="https://www.benzinga.com/tech/25/04/44892275/eric-schmidt-warns-china-is-going-to-win-ai-race-unless-washington-fights-with-funding-and-instills-american-values-at-the-core" rel="noreferrer noopener">that Beijing&#8217;s sudden surge</a> in AI spending (building on the success of DeepSeek) could help it outperform the U.S. unless Washington redoubles its efforts.
Former Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook exec and famous investor&nbsp;Chamath Palihapitiya&nbsp;accused Nvidia&nbsp;of undermining the U.S.&#8217; best interests by allegedly bypassing export controls. His views coincided with reports claiming Chinese tech giants&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;Alibaba, and&nbsp;ByteDance are ramping up their orders for Nvidia&#8217;s H20 AI chips driven by the popularity of DeepSeek&#8217;s affordable AI models.
<a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/04/44796128/alibabas-quark-ai-surpasses-bytedances-doubao-with-150-million-monthly-users" rel="noreferrer noopener">Prior reports indicated</a> Alibaba&#8217;s Quark AI app surpassed ByteDance&#8217;s Doubao, reaching 150 million monthly users in March.
Price Action: BABA stock is up 0.25% at $109.14 premarket at the last check on Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44846329/nvidias-china-sales-face-setback-as-h20-chip-restrictions-catch-key-buyers-off-guard-reuters" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s China Sales Face Setback As H20 Chip Restrictions Catch Key Buyers Off Guard</a></li>
</ul>
Photo via Shutterstock

Alibaba's AI-Powered Cancer Detection Tool Wins FDA Breakthrough Status

Former Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) chief executive Eric Schmidt says Beijing's sudden surge in artificial‑intelligence spending could vault China past the United States unless Washington redoubles its efforts — and he's urging President Donald Trump to do more than scrap his predecessor's policies.
What Happened: "As a result of the incredible success of DeepSeek, the Chinese government … has decided this is another national priority. They're pouring billions of dollars into this," Schmidt told tech investor Ameer&nbsp;Haj‑Ali during an online chat.
"So never underestimate the Chinese competition here." He added a blunt warning: "China is going to win this race … unless we get our act together."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Former Google CEO: &quot;China Will Win AI Race Unless We Act Now&quot; &#x7C; Founder Psychology, Talent Wars, AI" width="500" height="281" src="https://www.youtube.com/embed/DI-LKs3GpeE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See also: <a href="https://www.benzinga.com/markets/25/04/44892201/2025-largely-doesnt-matter-for-tesla-says-gene-munster-elon-musk-company-poised-for-a-major-rebound-in-2026-and-beyond">2025 &#8216;Largely Doesn&#8217;t Matter&#8217; For Tesla, Says Gene Munster: Elon Musk Company Poised &#8216;For A Major Rebound In 2026 And Beyond&#8217;</a>
Trump has already revoked President Joe Biden's <a href="https://www.benzinga.com/news/large-cap/25/01/43106379/trump-reverses-bidens-ai-policies-on-day-1-what-it-means-for-tech-giants-nvidia-amd-alphabet">2023 AI‑safety order</a> and signed a new directive, as <a href="https://apnews.com/article/trump-ai-artificial-intelligence-executive-order-eef1e5b9bec861eaf9b36217d547929c?utm_source=chatgpt.com">reported</a> by AP, pledging to build systems "free from ideological bias." The President has since tightened <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">export bans</a> on AI chips to China that cost NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) an estimated $5.5 billion in sales.
Schmidt argued that any U.S. strategy must embed democratic norms. "It's imperative that the winner in AI win using American values and not Chinese values," he said. "The American traditionally liberal values of freedom of speech, freedom of expression, freedom of movement … would be forgotten" if China sets the rules.
Why It Matters: Schmidt&#8217;s China warning arrives amid a growing debate on U.S.-China relations and the control of AI technologies. Former Facebook exec and well-known investor Chamath Palihapitiya over the weekend <a href="https://www.benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead">accused Nvidia</a> of not acting in the best interest of the U.S., alleging the chipmaker&#8217;s efforts to bypass export controls.
In February, reports revealed that Chinese tech giants Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">increased</a> their orders for Nvidia&#8217;s H20 AI chips, spurred by the rise of DeepSeek's cost-efficient AI models.
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
Read next: <a href="https://www.benzinga.com/tech/25/04/44892181/tim-cook-says-hiking-at-national-parks-one-of-his-favorite-things-to-do-but-rangers-struggling-with-staffing-cuts">Tim Cook Says Hiking At National Parks One Of His &#8216;Favorite Things To Do&#8217; But Rangers Struggling With Staffing Cuts</a>

Eric Schmidt Warns 'China Is Going To Win' AI Race Unless Washington Fights With Funding And Instills 'American Values' At The Core

Editor&#8217;s Note: This story has been updated to include a response from a Nvidia spokesperson.
Chamath Palihapitiya, known as the &#8220;SPAC King,&#8221; has voiced concerns over Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and accused the company of not acting in the best interest of the U.S.
What Happened: In an episode of the All-In Podcast that was released over the weekend, Palihapitiya criticized Nvidia for its alleged efforts to bypass U.S. export controls, which were designed to limit China's access to cutting-edge AI chips.
"How is it that Alibaba shows up with something incredible, DeepSeek shows up with something better," Palihapitiya asked, indicating that Nvidia's chips may be finding their way into Chinese hands.
He noted that after the U.S. banned the sale of top-tier GPUs like the A100 and H100 to China, Nvidia quickly rolled out slightly modified versions — the A800 and H800 — which reduced data transfer speeds just enough to meet export rules, while still offering strong performance.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Nvidia also introduced the H20 chip, specifically designed for the Chinese market to comply with updated U.S. regulations, yet still delivering significant computing power, Palihaptiya said.
&#8220;You have a 2017 plan that they&#8217;ve been executing against, which is to say, we want to dominate this space. And you have an American company that has been working around the guidelines at every turn to try to land silicon into the hands of China,&#8221; the billionaire investor said.
White House-appointed &#8216;AI and Crypto Czar&#8217; David Sacks echoed Palihapitiya's concerns, pointing out the growing issue of export controls evasion.
Sacks highlighted an incident involving Taiwan Semiconductor Manufacturing Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), which faced <a href="https://www.benzinga.com/24/12/42644888/biden-administration-targets-chinese-firm-over-taiwan-semiconductor-chip-found-in-huawei-tech">fines for circumventing export restrictions</a>.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Trump vs Harvard, Nvidia export controls, how DEI killed Hollywood with Tim Dillon" width="500" height="281" src="https://www.youtube.com/embed/rCrb4TbHRxc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
"The bill-to versus ship-to Singapore matter has been reported extensively. NVIDIA complies with all U.S. laws, including those on export controls to China," said a Nvidia spokesperson in an emailed response to Benzinga.
Why It's Important: Palihapitiya&#8217;s statements are part of a broader debate on U.S.-China relations and the control of AI technologies.
The White House has imposed an indefinite export ban on Nvidia&#8217;s H20 chips to China, prompting the company to warn of a <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">potential $5.5 billion hit</a> to its quarterly revenue, according to a recent filing.
Notably, Nvidia CEO Jensen Huang was on a <a href="https://www.benzinga.com/markets/equities/25/04/44890578/nvidias-jensen-huang-meets-shanghai-mayor-amid-fresh-us-chip-curbs">high-level tour</a> of China last week.
In February, reports revealed that Chinese tech giants Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">significantly increased their orders</a> for Nvidia's H20 AI chips, spurred by the rise of DeepSeek&#8217;s cost-efficient AI models.
DeepSeek's R1 model, reportedly developed for <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">less than $6 million</a>, has outperformed top U.S. models—including those from OpenAI.
Price Action: Nvidia shares have fallen 26.67% year-to-date but remain up 27.55% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings gives Nvidia a strong growth score of 94.80%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> TSMC, Alibaba, Tencent, and other major tech players.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21003215/Screenshot-2025-04-21-at-10.02.01%E2%80%AFAM.png" alt="" class="wp-image-878857" /></a></figure>
Photo Courtesy: Kathy Hutchins on Shutterstock.com
Read More:
<ul>
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don&#8217;t Have The Balls To Do It,&#8217; Says Mark Cuban, Praising Musk For Going ‘All In&#8217; With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia Not Acting In US Interests, Says Chamath Palihapitiya — Questions, How Alibaba Or DeepSeek Are One Step Ahead (UPDATED)

The CEO of Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Jensen Huang, has reportedly arrived in Beijing following the recent implementation of U.S. restrictions on the company&#8217;s chip sales to China.
What Happened: Huang&#8217;s visit to China, which began on Wednesday, involves discussions with officials and tech leaders about the implications of the U.S.&#8217;s decision to impose further restrictions on its sales in the country. This information comes from local media and a source familiar with Huang&#8217;s travel plans, <a href="https://www.ft.com/content/7a49186c-8e51-4540-affe-15239c0914e3">according</a> to a report by the Financial Times.
The&nbsp;China Council for the Promotion&nbsp;of International Trade, a government-affiliated&nbsp;trade group that significantly influences U.S.-China business relations, invited Huang to visit. This information was shared on Weibo, a Chinese state media social media service.
In a meeting with Ren Hongbin, the head of the China Council for the Promotion of International Trade, Huang reportedly emphasized the importance of the Chinese market to Nvidia, particularly in light of the U.S.&#8217;s ban on sales of its H20 artificial intelligence chips to the country. &#8220;We hope to continue to cooperate with China,&#8221; Huang stated, reported Edge Malaysia, citing China&#8217;s state broadcaster, CCTV.
SEE ALSO: <a href="https://benzinga.com/25/04/44855538/cathie-woods-crypto-shuffle-pours-5-2-million-into-newly-listed-solana-staking-fund-dumps-bitcoin-etf-and-buys-robinhood-dip" target="_blank" rel="noreferrer noopener">Cathie Wood&#8217;s Crypto Shuffle: Pours $5.2 Million Into Newly Listed Solana Staking Fund, Dumps Bitcoin ETF And Buys Robinhood Dip</a>
Why It Matters: On Wednesday,&nbsp;Nvidia responded to a <a href="https://www.benzinga.com/tech/25/04/44856114/nvidia-says-it-follows-us-government-instructions-on-what-it-can-sell-and-where-amid-trade-war-escalation-with-china">national security investigation</a>, asserting its compliance with U.S. export rules following the escalated restrictions on AI chip sales to China. This response came after the company was questioned about the sale of its H20 processors, which recently became subject to new export restrictions. Nvidia revealed that the new controls would lead to a $5.5 billion reduction in its earnings.
Nvidia believed it could continue selling the chip to China after a meeting between Huang and President Donald Trump at Mar-a-Lago this month. The company assured major Chinese clients, including Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance and Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), that H20 purchases would not be impacted, reported FT. 
Despite the restrictions leading to a more than 6% drop in Nvidia&#8217;s shares, some Wall Street analysts view this as a potential buying opportunity. According to a <a href="https://www.benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">note shared</a> by Bank of America analyst Vivek Arya, the latest H20 chip restrictions to China pose only a &#8220;manageable risk&#8221; to Nvidia&#8217;s sales outlook. This perspective suggests that, while unwelcome, the restrictions were largely anticipated.
Nvidia stock plunged 6.9% to close at $104.49 on Wednesday, as per <a href="https://pro.benzinga.com/dashboard">BenzingaPro</a>. Over the past month, the stock plunged nearly 13%. 
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/04/44855681/bitcoin-ethereum-dogecoin-steady-amid-stock-meltdown-as-fed-chair-jerome-powell-signals-crypto-rules-relaxation-popular-analyst-identifies-key-support-level-for-eth" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Steady Amid Stock Meltdown As Fed Chair Jerome Powell Signals Crypto Rules Relaxation: Popular Analyst Identifies Key Support Level For ETH &#8211; Grayscale Bitcoin Mini Trust (</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jensen Huang In China For Talks As US Tightens Nvidia Chip Restrictions: Report

On Tuesday, Nvidia&nbsp;Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/nvidia" rel="noreferrer noopener">disclosed that the</a> Trump administration informed it on April 9 that its H20 chip would require an export license for sales to China.
The chipmaker&nbsp;failed to warn some major customers about new U.S. export rules to help them prepare in advance, Reuters reported, citing unnamed sources familiar with the matter.
Nvidia bagged $18 billion of H20 orders since 2025 beginning.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44815107/taiwan-semiconductor-preps-new-chip-tech-to-supercharge-ai-performance-by-2027" rel="noreferrer noopener">Taiwan Semiconductor Preps New Chip Tech To Supercharge AI Performance By 2027</a>
China generated $17 billion in revenue in fiscal 2024, accounting for 13% of Nvidia&#8217;s total sales.
Nvidia stock has been tanking since Tuesday. It disclosed that it booked up to <a target="_blank" href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker" rel="noreferrer noopener">$5.5 billion in charges</a> in the first quarter due to the licensing requirement.
<a target="_blank" href="https://www.benzinga.com/25/04/44621102/bytedance-alibaba-and-tencent-order-16-billion-worth-of-nvidias-h20-chips-following-the-surge-in-demand-deepseeks-low-cost-ai-models-report" rel="noreferrer noopener">Chinese tech giants</a>, including Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance, and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), have been stocking up on H20 chips, fearing further semiconductor sanctions.
They reportedly placed over $16 billion in orders for the quarter. Also, the popularity of&nbsp;Chinese AI startup DeepSeek&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge" rel="noreferrer noopener">low-cost AI models</a> drove a surge in demand for AI computing power.
Redburn Atlantic analyst&nbsp;Timm Schulze-Melander <a target="_blank" href="https://www.benzinga.com/markets/equities/25/04/44811225/nvidia-remains-a-top-pick-despite-tariff-headwinds-says-analyst-important-data-center-modernizationamong-the-last-areas-to-be-cut" rel="noreferrer noopener">named Nvidia a</a> &#8216;top pick&#8217; despite macro uncertainties and potential demand softening, citing investments in leading-edge AI and chipmaking will likely show resilience.
On Monday, Nvidia&nbsp;announced plans&nbsp;to develop $500 billion in AI-related infrastructure across the U.S. over the next four years.
Bank of America analyst&nbsp;Vivek Arya <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44539735/nvidia-stock-an-attractive-opportunity-analyst-says-valuation-cheap-despite-china-restrictions" rel="noreferrer noopener">noted&nbsp;that Nvidia</a> stock is providing a particularly attractive opportunity for one of the most unique, high-quality tech franchises leading the most significant and fastest-growing secular trends.
Price Action: NVDA stock is down 7.65% at $103.62 at the last check on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44826144/asml-nears-china-order-finish-line-as-demand-for-ai-chip-tools-heats-up" target="_blank" rel="noreferrer noopener">ASML Approaches End Of China Backlog, Eyes Growth in AI and Advanced Chip Demand</a></li>
</ul>
Image via Shutterstock

Nvidia's China Sales Face Setback As H20 Chip Restrictions Catch Key Buyers Off Guard: Reuters

Nvidia Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has reportedly not communicated to some of its major Chinese customers about the new U.S. export rules affecting its AI chip.
What Happened: U.S. officials informed Nvidia&nbsp;on April 9 that its&nbsp;H20 chip would now&nbsp;require an export license for&nbsp;sales to China. Despite this, the chipmaker did not share this crucial information with some of its key customers in China, who were anticipating H20 deliveries by year-end, reported Reuters. 
The new export rules are a part of Washington&#8217;s ongoing efforts to restrict China&#8217;s access to advanced semiconductors and maintain U.S. dominance in AI technology. These restrictions could significantly affect Nvidia&#8217;s business in China, one of its largest markets.
A spokesperson for Nvidia declined to comment when contacted by <a href="http://pro.benzinga.com">Benzinga</a>.
Since&nbsp;the start of the year,&nbsp;the Jensen Huang-led company has secured orders worth $18 billion for its H20 chips. Chinese tech giants&nbsp;Tencent Holdings Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;Alibaba Group Holding Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and&nbsp;ByteDance Ltd.,&nbsp;the owner of TikTok, had&nbsp;increased orders for H20 chips&nbsp;due to the rising&nbsp;demand for affordable AI models.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44832008/peter-schiff-says-since-trump-was-elected-bitcoin-advocates-took-a-180-turn-on-us-economy-" target="_blank" rel="noreferrer noopener">Peter Schiff Says Since Trump Was Elected Bitcoin Advocates Took A 180 Turn On US Economy, But Critics Say Economist Mistaken</a>
Why It Matters: The new export rules are expected to hit Nvidia&#8217;s bottom line. The chipmaker is set to take a $5.5 billion <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">charge this quarter </a>due to halted shipments of its H20 GPUs to China and several other markets.
The H20 is the main chip that Nvidia is legally allowed to sell in China, introduced following the implementation of the latest U.S. export restrictions in October 2023. According to analysts, Chinese AI chipmakers, especially Huawei, could benefit from the limitations placed on H20 as it offers alternatives to Nvidia&#8217;s product range.
Meanwhile, despite the potential semiconductor industry slowdown due to tariff uncertainties, Nvidia is expected to hold its ground. According to a recent analysis by Redburn Atlantic, Nvidia's <a href="https://www.benzinga.com/markets/equities/25/04/44811225/nvidia-remains-a-top-pick-despite-tariff-headwinds-says-analyst-important-data-center-modernizationamong-the-last-areas-to-be-cut">potential to endure</a> the industry's turbulence remains strong. The firm maintains a buy rating on Nvidia and has named it a ‘top pick' for investors once the sector's turbulence subsides.
Benzinga's Edge Rankings&nbsp;highlight strong momentum and growth rankings for Nvidia in the 77th and 95th percentiles, respectively. Curious how other stocks stack up?&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here</a>&nbsp;to uncover growth and momentum scores for top stocks.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44832483/tesla-bull-ross-gerber-says-elon-musk-doesnt-care-about-company-anymore-blames-focus-on-other-ve" target="_blank" rel="noreferrer noopener">Tesla Bull Ross Gerber Says Elon Musk &#8216;Doesn&#8217;t Care&#8217; About Company Anymore, Blames Focus On Other Ventures For EV Maker&#8217;s Slump</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia Didn't Alert Chinese Clients About US Export Limits On H20 AI Chip: Report

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) will take a <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">multibillion-dollar hit tied</a> to U.S. export restrictions, but a top analyst says the long-term story remains intact.
What Happened: On Tuesday, Nvidia said it would take a $5.5 billion charge this quarter related to halted shipments of its H20 graphics processing units to China and several other markets.
The announcement comes after the U.S. government informed the company on April 9 that it would now require a license to export those chips.
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, shares of Nvidia fell 6.33% in after-hours trading on Tuesday.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Wedbush Securities analyst Dan Ives weighed in on the development, urging investors to maintain perspective.
"The Nvidia China restriction news that just hit will put pressure on shares and it's a concern…BUT this is all part of the high game of poker going on between U.S. and China," he said in a post on X, formerly Twitter.
"I am not overly concerned by this news despite the headline," he added. "Nvidia remains caught in the tariff spiderweb between [the] U.S. and China. Street knows this. Need to look thru this period of vol and news and see [the] forest thru trees. Nvidia only chip in world fueling AI Revolution..demand."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am not overly concerned by this news despite the headline and Nvidia remains caught in tariff spiderweb between US and China. Street knows this. Need to look thru this period of vol and news and see forest thru trees. Nvidia only chip in world fueling AI Revolution..demand &#x1f525; <a href="https://t.co/c3JP4GctGf">https://t.co/c3JP4GctGf</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1912266483931001020?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: The latest Nvidia licensing mandate seems to mark another escalation in the <a href="https://www.benzinga.com/markets/25/04/44806095/as-xi-jinping-urges-vietnam-to-stand-against-unilateral-bullying-trump-labels-the-meeting-a-plan-to-screw-the-united-states-of-america">ongoing trade tensions with China</a>. While President Donald Trump recently held off on imposing reciprocal tariffs on most nations, he increased tariffs specifically targeting China.
In response, China retaliated over the weekend with tariffs as high as 125% on U.S. products.
Earlier, Goldman Sachs warned that a potential U.S.-China decoupling could spark a <a href="https://www.benzinga.com/25/04/44787496/goldman-sachs-warns-25-trillion-sell-off-in-the-extreme-event-of-us-china-decoupling-as-scott-bessent-says-everything-is-on-the-table">massive $2.5 trillion market sell-off</a>.
In February, it was reported that Chinese tech heavyweights Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance have <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">ramped up their orders</a> for Nvidia's H20 AI chips, driven by soaring demand for AI computing power fueled by the rise of DeepSeek's cost-effective AI models.
The DeepSeek R1 AI model, reportedly developed <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">for under $6 million</a>, has outperformed leading U.S. models—including those from OpenAI.
In March, Chinese <a href="https://www.benzinga.com/25/03/44519562/nvidia-faces-fresh-china-setback-as-chip-shortages-and-sanctions-disrupt-supply">server manufacturer H3C flagged</a> a potential shortage of Nvidia&#8217;s H20 chips. The company also warned that supply plans beyond April 20 remain uncertain due to shifting raw material policies, logistical disruptions, and manufacturing difficulties.
Price Action: Nvidia shares are down 18.88% so far this year but have still climbed 30.47% over the past 12 months, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, the company holds a strong growth score of 94.82%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare</a> it with Alibaba, Tencent, and other major players.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15215459/Screenshot-2025-04-16-at-7.24.53%E2%80%AFAM.png" alt="" class="wp-image-873202" /></a></figure>
Photo Courtesy: Evolf on Shutterstock.com
Read More:
<ul>
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The Balls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

Nvidia To Take $5.5 Billion Hit Over China Chip Export Restrictions — But Top Analyst Dan Ives Not Overly Concerned: 'All Part Of The High Game Of Poker'

Comments

Tencent Holdings

Tencent Holdings (TCEHY) Opciones

No option chain data available. Please try again later

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL