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Trump wants to amend AI Chip export controls? The U.S. Department of Commerce: Simplifying the 'Biden rules' is beneficial for innovation!
① A spokesperson for the USA Department of Commerce stated that President Trump plans to lift the restrictions on the export of advanced AI Chips instituted during the Biden administration, claiming that Biden's rules are overly complex and will hinder innovation in the USA; ② In January of this year, Biden released the "AI Diffusion Export Control Framework," establishing a "three-tier licensing system" for AI Chips, which limits the amount of advanced AI Chips accessible to various countries and regions.
Alphabet Stock Sinks 8% on Apple Testimony About Falling Search Queries
Marjorie Taylor Greene Goes Stock Shopping Again: Here Are 50+ Stocks The Congresswoman Bought
U.S. stocks closed with the three major Indexes fluctuating higher, with Google plummeting more than 7%. The Bullish support from the AI Chip helped NVIDIA.
① Apple is promoting a shift to AI search for Safari, causing Google's stock price to fall over 7%; ② Disney's stock price skyrocketed nearly 11%, with the company's second fiscal quarter profits exceeding expectations; ③ NVIDIA rose over 3%, with reports that the USA is considering lifting AI Chip export restrictions.
Meta Platforms Options Spot-On: On May 7th, 305.55K Contracts Were Traded, With 2.2 Million Open Interest
9 Communication Services Stocks Whale Activity In Today's Session
Meta Platforms, Inc. (META): A Bull Case Theory
Jim Cramer Says Meta Platforms, Inc. (META) Was Such a 'Tour De Force'
Seagate Bets On Mega-Sized, Sustainable Drives As AI Sparks Record Data Demand
Alphabet is dragging down the Magnificent 7 in the US stock market, and Apple is considering adding AI search in the browser.
On Wednesday, Alphabet had the biggest drag on the US stock market's Magnificent 7, following a statement from an Apple executive indicating that the iPhone manufacturer is exploring the addition of AI search functionality to its browser. Eddy Cue from Apple mentioned that the search volume for Apple's browser saw a decline for the first time in April, with Perplexity and Anthropic being potential options. On Wednesday, Alphabet's stock price fell by as much as 5.5%, while Apple's stock dropped about 2.2%. Regarding the other members of the Magnificent 7: Tesla, NVIDIA, and Microsoft all experienced declines of less than 1%, while Amazon rose by 1.
Super Micro Shares Decline 6% as Outlook Disappoints
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Meta Platforms, Inc. (META): Among Most Popular Stocks on Robinhood in 2025
The old technology giant IBM (IBM.US) showcased its AI ambitions at the Think conference, and Wedbush has set a Call target of $300.
IBM, led by Arvind Krishna, is "doubling down" on its AI vision and ambition.
IBM Think Conference Shows 'Doubling Down' on AI Vision: Wedbush
META Platforms' Q1 Blowout Brings $800 Stock Price Target Into View
Arete Research Adjusts Price Target on Meta Platforms to $582 From $581, Maintains Neutral Rating
Zuckerberg's Grand Vision: Most of Your Friends Will Be AI -- WSJ
Amazon Unveils Revolutionary Robot 'Vulcan' With Sense Of Touch To Handle 75% Of The Warehouse Items: 'People Will Always Be Part Of The Equation'
Tariff Turmoil Put Nvidia to a Test: Top Customers Meta, Amazon, Alphabet, and Microsoft Just Showed Us Whether the Chip Giant Passed or Failed.