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Express News | Bitcoin's global Market Cap ranking rises to fifth.
Jensen Huang: The U.S. export controls on chips to China are a "failure," and NVIDIA's market share in China has plummeted.
① NVIDIA CEO Jensen Huang stated that the export controls of artificial intelligence chips from the United States to China have already "failed," resulting in losses of billions of dollars for American companies; ② Huang indicated that despite the restrictions, China's self-research in the chip field continues.
Top 20 by transaction volume | UnitedHealth fell nearly 6%, the company is again caught in a whirlpool of public opinion; quantum computing concept stocks declined, QBTS dropped over 7%.
On Wednesday, Tesla, ranked second in U.S. stock trading volume, closed down 2.68%, with a transaction volume of 34.792 billion USD; Palantir, ranked sixth, closed down 3.99%, with a transaction volume of 9.954 billion USD; CoreWeave, a concept stock of NVIDIA, closed up 19%, with a transaction volume of 6.34 billion USD.
US stock market closes | Weak demand in US Treasury auction causes a drop in US stocks, with the Dow Jones falling nearly 2%; some Chinese concept stocks rise against the trend, with Xiaopeng Autos surging by 13%.
After the US Treasury bond auction, the yield on the ten-year US Treasury bond rose by more than 10 basis points, the USD fell to a two-week low, Bitcoin, which approached its historical high of 0.11 million dollars, temporarily dropped by more than 3000 dollars, and Crude Oil Product fell by more than 1%.
Naimo Semiconductor surged over 190% after hours! Collaborating with NVIDIA on the next-generation 800V power architecture, its Gallium Nitride and Silicon Carbide technology plays a key role in the collaboration.
On May 21 local time, Nanwei Semiconductor announced a collaboration with NVIDIA to develop the next generation of 800V high voltage direct current (HVDC) architecture, providing power for the "Kyber" rack-level systems supporting GPUs, including Rubin Ultra. Nanwei Semiconductor's Gallium Nitride and Silicon Carbide technologies will play a key role in this collaboration.
Stocks to Watch: Navitas Semiconductor, Urban Outfitters, Lumen Technologies, LiveRamp
