Nvidia-AMD China Deal, General Motors Rises, Cannabis Linked Companies Rally
Aug 11, 2025
Nvidia and AMD are shaking things up with a deal that ties 15% of their Chinese AI chip sales to the U.S. government, raising eyebrows in the tech world. Meanwhile, General Motors is vying to reclaim its spot in the autonomous vehicle race by bringing back former Cruise employees to focus on personal use driverless cars. In the cannabis sector, stocks are surging after hints from President Trump about possible reclassification, igniting optimism and market excitement for cannabis-linked companies. Stay tuned for insights on these dynamic shifts!
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U.S. Takes Slice Of China AI Chip Sales
Alexandra Samanova says NVIDIA and AMD will pay 15% of Chinese AI chip revenue to the U.S.
The unusual deal could set a precedent for U.S. companies operating in China.
question_answer ANECDOTE
Host Admits Not Knowing How To Drive
Alexandra Samanova jokes she doesn't know how to drive and looks forward to self-driving tech.
She made the remark while discussing GM's renewed autonomous-car project.
insights INSIGHT
GM Shifts To Personal Driverless Cars
GM is re-hiring ex-Cruise staff to build a personal autonomous car, Alexandra Samanova reports.
They'll first aim for hands-free, eyes-free driving with a human onboard, then full no-wheel autonomy.
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- Nvidia (NVDA) shares are down right now while Advanced Micro Devices (AMD) shares are gaining. Both chip companies have agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in an unusual deal that threatens to set a precedent for American companies doing business in the Asian nation. Meantime, President Donald Trump signaled on Monday that he’d be open to allowing Nvidia Corp. to sell a scaled-back version of its most advanced AI chip to China. Trump said he would consider a deal that would allow Nvidia to ship its Blackwell chips to China if the company could design it to be less advanced. “It’s possible I’d make a deal” on a “somewhat enhanced — in a negative way — Blackwell” processor, he said in a briefing with reporters. “In other words, take 30% to 50% off of it.”
- General Motors (GM) shares are rising after the company is seeking to lure back some former employees of its defunct Cruise autonomous-vehicle business as part of a renewed push to develop a new driverless car, according to people familiar with the matter. This time around, the project would be focused on autonomous cars for personal use, rather than a robotaxi service, these people said. The first step is development of hands-free, eyes-free driving with a human in the vehicle, with the ultimate goal being a car that can drive with no one at the wheel, they said.
- Shares of cannabis-linked companies rallied on Monday after President Donald Trump said he was considering reclassifying marijuana as a less dangerous drug — giving the sector a much needed boost. The stock of greenhouse production firm Village Farms International Inc. surged as much as 42% on Monday, its biggest intraday jump since June 2017. Tilray Brands Inc., Canopy Growth Corp., Aurora Cannabis Inc., SNDL Inc. and Cronos Group Inc. all climbed by double digits.
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