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It’s time for Yahoo Finance’s Market Minute. Stocks are a little changed as investors brace for the Fed’s rate decision.
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Nvidia shares falling as it faces continued trouble in China. Authorities telling the country’s top tech companies not to use Nvidia’s AI chips. That’s according to Financial Times reporting. CEO Jensen Wong saying he is disappointed, but understands the bigger picture of China- US relations.
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Meanwhile, Chinese tech stocks are jumping on AI optimism as the country looks to limit reliance on the US.
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Baidu leading gains after Arete Research upgraded the stock to a buy, citing a positive outlook for its AI chip and cloud computing businesses.
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And competition in the Robotaxi space is heating up. Uber shares lower on news its rival Lyft is teaming up with Waymo to roll out autonomous ridehailing in Nashville. Uber, of course, also has partnerships with Waymo in Atlanta and Austin.
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And that’s your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks of the session.