Before Markets Open: 5 Essential Things to Be Aware Of

Nvidia has informed customers in China that ⁣the launch of its new artificial ‌intelligence chip will be delayed until 2024. Additionally, General Motors will be scaling back its plans for the⁢ Cruise robo-taxi ⁢service. U.S. equity​ markets will have a shorter trading day, closing early at 1 p.m. ET ‍(1:15 p.m. ET for ⁢certain options).⁢ Here’s what investors need ⁣to know today.

1. Nvidia to Delay Launch of AI⁤ Chip in China until 2024

Nvidia (NVDA) has reportedly informed customers in China that the launch of its ‌new artificial intelligence chip, designed to meet U.S. export rules, will be delayed until⁢ the first quarter of 2024. ​This comes after the initial November launch was pushed​ back. The H20 chip is the most powerful among the three chips⁢ designed to comply with export regulations. Nvidia’s shares traded⁢ 2% lower in pre-market trading.

2. General Motors’ Cruise Limits Plans⁤ for Robo-Taxi Service ​

General Motors (GM) will ‌reportedly reintroduce its robo-taxi service, Cruise, but with scaled-back operations…

2023-11-24 07:28:15
Link from ⁣ www.investopedia.com
rnrn