Nvidia dips on China chip ban, rivals show resilience

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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Nvidia dips on China chip ban, rivals show resilience

Nvidia fell 2.6% after China ordered tech firms to halt purchases of its AI chips. AMD and Broadcom also declined, while Astera Labs, Credo, Micron, and Rambus held firm or rose. Analysts called China’s move posturing amid ongoing US trade tensions.

Alphabet hits $3T market cap on AI optimism and legal win

Alphabet joined the $3T club after a legal victory and AI-driven momentum. Shares surged 17% in September, breaking out of a saucer pattern. Chart targets sit at $261 and $286.53, with support at $215 and $201 as investors watch for profit-taking and trend continuation.

Plug Power surges on Electrolyzer sales and new deals

Plug Power rose 6.5% after Q2 Electrolyzer sales tripled YoY to $45M, boosting total revenue 21%. A contract extension with Uline and a Brazil partnership fueled optimism. Call options volume jumped 80%, despite BTIG maintaining a 'Hold' rating.

🪙 Crypto

XRP and Pi slump as Remittix rallies on wallet launch

XRP struggles to break $3.10 amid waning momentum; Pi Coin nears $0.33 with bearish sentiment. Meanwhile, Remittix surges in attention after its beta wallet launch, with analysts projecting a 100x price spike driven by growing inflows and global accessibility.

🌎 Global Economy

US–UK–India trade shifts signal rising tariff tensions

Trump's UK visit triggered $30B in new US R&D investment from GSK, but no progress on steel tariffs. Talks with India focused on easing oil and tariff tensions, while a China trade deal nears. The Supreme Court fast-tracked a legal challenge to sweeping new US tariffs.

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