Stock Movers Nvidia China Ban; Baidu Jumps; Eli Lilly Lower
Sep 17, 2025
Nvidia faces a stock price drop after China orders a halt to its RTX Pro 6000D chip sales. Meanwhile, optimism surges for Baidu as its stock jumps 40% thanks to potential in AI chips, surpassing the struggles of its online ads. In the pharmaceutical sector, Eli Lilly's shares fall amid Novo Nordisk's strategy to personalize obesity treatment, affecting market dynamics. The contrasting fortunes of these companies reflect the shifting landscape in tech and healthcare.
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China Escalates Pressure On Nvidia
- China's internet watchdog told firms to terminate orders and testing of Nvidia's RTX Pro 6000D, escalating pressure on Nvidia in that market.
- The move follows previous actions and an anti-monopoly ruling, signaling tougher regulatory scrutiny in China.
Baidu Gains From Chip And Robo-Taxi Hopes
- Baidu's stock jumped as investors embrace its in-house AI chip venture and robo-taxi ambitions amid weak ad revenue.
- Analysts see the chip effort potentially offsetting declines in Baidu's core online advertising business.
Deal Removes NewForest's Debt Overhang
- NewForest Energy soared after signing a seven-year, $4 billion LNG supply deal with Puerto Rico that eased its debt crunch.
- The contract removed near-term financial constraints and drove the dramatic two-day stock rally.