The post NASDAQ advances as Trump to announce trade deal with UK: NVDA, SHOP, ARM, GOOGL appeared on BitcoinEthereumNews.com.

Markets grow excited over a US trade deal with the UK. Alphabet denies a decline in search queries on Apple devices. ARM Holdings stock sinks 7% on lower guidance for next quarter. Nvidia stock rises on news that Trump administration will forgo AI Diffusion rule. The NASDAQ Composite advanced at the start of Thursday trading as US President Donald Trump announced that his administration had brokered a trade deal with the United Kingdom (UK). The details are expected at an oval office speech later in the morning session. The Telegraph newspaper is reporting that the US will lower its tariff on imports of UK-made autos to 10% The NASDAQ (IXIC) gained 0.8% at the outset, while the S&P 500 and Dow Jones Industrial Average (DJIA) hovered closer to 0.5% higher. The market also digested company news from a number of other major names, including ARM Holdings (ARM), Nvidia (NVDA), Alphabet (GOOGL) and Shopify (SHOP). Stock market news on Thursday, May 8, 2025 The leader in AI chipsets Nvidia stock saw its fortunes continue to gain steam on Thursday after Bloomberg reported just before the close on Wednesday that the Trump administration was prepared to end the AI Diffusion rule that was scheduled to go into effect on May 15 and would limit what AI chips could be exported to China, Russia, Iran and North Korea. The policy was enacted in the final days of the Biden administration, which had already halted exports of Nvidia’s H100 chip from being sold to China. The Trump administration has also placed restrictions on Nvidia’s H20 AI chip, which it had designed for the Chinese market and to counteract the Biden administration’s earlier policy. It is not clear how the Trump administration would replace the AI Diffusion rule, but the market has taken the news…

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Filed under: News - @ May 8, 2025 6:23 pm