Video game and technology stocks jump on Trump's latest reversal of tariffs
Donald Trump put a 90-day pause on recent tariffs, dropping rates to 10 percent for most US trade partners except China, for which tariffs were raised to 125 percent.
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Donald Trump put a 90-day pause on recent tariffs, dropping rates to 10 percent for most US trade partners except China, for which tariffs were raised to 125 percent.
The chipmaker's technology was found in Chinese company Huawei's AI processors, which would violate US export control sanctions.
The company recently announced it would offer around $1.3 billion worth of convertible senior notes.
The Chinese EV giant saw a 29 percent increase in revenue over its previous year and outdid Tesla's 2024 annual revenue of $97.7 billion.
The GameStop company put up gross profits of $1.114 billion in its fiscal year ending on February 1, 2025.
The longtime computer storage maker will separate its SSD businesss completely off and hand it to SanDisk.
Analysts were hoping to see something closer to 55,000 for the Rivian's latest fiscal year.
After a long stretch of getting its feet under it, Rivian is finally to the point where it's turning reasonable profits in its fiscal quarters.
The company's stock jumped following a revenue beat and a smaller-than-expected losses.
CEO Ryan Cohen citing 'wokeness,' 'progressivism,' and 'DEI' as reasons GameStop is looking for buyers for its Canada and France store operations.