Wall Street Breakfast U.S. adds Tencent, Huawei to Chinese military list
Jan 7, 2025
The U.S. has officially added Tencent and Huawei to its list of Chinese military companies, causing ripples in the stock market. In tech news, Uber and Nvidia are teaming up to advance autonomous mobility solutions. Meanwhile, severe winter storms are pushing U.S. natural gas prices higher due to increased demand and decreased supplies. The competition heats up in the AI arena as Nvidia and AMD launch new technologies, making headlines in the investment world.
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Chinese Military Companies
- The Department of Defense added Tencent, Huawei, and AI firms like SenseTime to its list of Chinese military companies.
- This designation led to significant stock drops for companies like Tencent and CATL.
Uber and NVIDIA Partnership
- Uber and NVIDIA partnered to develop AI-powered autonomous driving technology.
- They will combine Uber's trip data with NVIDIA's advanced platforms.
Natural Gas Surge
- U.S. natural gas futures saw a substantial increase due to weather-driven demand and potential supply disruptions.
- Freezing weather and snowstorms are expected to impact both demand and supply.