Stock Movers Intel CEO Trump Meeting; Chips and China; Musk Calls out Apple
Aug 12, 2025
Intel's stock is booming after a surprising meeting between its CEO and President Trump, marking a shift in their relationship. Meanwhile, Nvidia faces challenges as China advises local firms to steer clear of its H20 processors, showcasing the impact of geopolitical tensions. In a dramatic turn of events, Elon Musk calls out Apple for alleged favoritism towards OpenAI, creating ripples in the tech world. Lastly, Bigbear.ai struggles as its revenue falls short of analyst expectations, highlighting the volatility of the market.
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Active ETFs Emphasize Durability
- Capital Group positions its active ETFs as built to endure market ups and downs.
- Investors should read prospectuses and consult a financial professional before investing.
China Discourages Use Of Nvidia H20
- Chinese authorities issued guidance discouraging use of Nvidia's H20 processors, especially for government work.
- The guidance stopped short of a ban but pressured firms to avoid H20 on sensitive projects.
Trump Meets Intel CEO, Reverses Tone
- Donald Trump met with Intel CEO Lip-Bu Tan and said his cabinet would continue discussions.
- The remark followed an earlier critique and helped INTC trade about 3% higher pre-market.