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As part of today's Market Minute, Brad Smith examines some of the trading session's top stories.
China's Huawei is reportedly testing a new artificial intelligence (AI) chip to rival Nvidia (NVDA), according to reporting from the Wall Street Journal.
Plug Power (PLUG) stock surges after announcing a $525 million debt deal.
Airbus (AIR.PA) is buying plants from Spirit Aerosystems (SPR) as Boeing (BA) is set to acquire the rest of the parts company.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. The Nasdaq is leading stocks lower. Four of the magnificent seven companies are reporting earnings this week. Nvidia sinking, it's down over 3%. Chinese competitor Huawei is developing a new AI chipset to rival Nvidia's H100. That's according to The Wall Street Journal. A Morningstar equity strategist telling Yahoo! Finance that it's quote, pretty much game over for Nvidia in China, unquote. And shares of green energy company Plug Power surging after reporting preliminary first quarter results and announcing a $525 million secured debt deal. The company also planning to cut costs boosting optimism around its turnaround plan. And Airbus is buying plants that make crucial parts for its jets from Spirit AeroSystems. This comes as Boeing is set to acquire the rest of the troubled parts maker for about $4.7 billion in stock. Shares of all three companies rising, Boeing top gainer in the Dow. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.
