Coinbase Climbs Higher; Nvidia and AMD Drop; Lithium Market Pop
On this episode of Stock Movers:
- Coinbase (COIN) is pushing higher along with the broader crypto space. Cryptocurrency-exposed stocks rally in premarket trading Monday as Bitcoin extended gains to rise to within striking distance of an all-time high.
- Nvidia (NVDA) and Advanced Micro Devices (AMD) are slipping this morning on news both companies agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses. The arrangement reflects President Trump’s effort to engineer a financial payout for America in return for concessions on trade, according to the text.
- Albermarle (ALB) shares are higher as the lithium markets soar after Contemporary Amperex Technology Co. Ltd. halted operations at a major mine in China, spurring speculation that Beijing might move to suspend other projects. The mine's closure had been under scrutiny amid speculation that authorities wouldn’t extend its license, and it accounts for some of global output, according to Bank of America Corp.
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En liten tjänst av I'm With Friends. Finns även på engelska.