Markets Waver as Nvidia Eyes China Chip Push

Markets slipped on Tuesday as policy risk and mixed earnings influenced trading in tech names and retailers.

Markets Waver as Nvidia Eyes China Chip Push

Tech shares moved lower on Tuesday after Nvidia signaled more products for the Chinese market and eyes on a new AI chip. The company described a roadmap that could include a chip called B30A based on its Blackwell architecture, following a licensing deal with the United States that includes a 15 percent revenue share for sales into China. Nvidia stock fell about 3 percent in the session, though the stock has gained strongly this year on AI demand. Analysts highlighted the policy dimension as a factor in the stock’s volatility while noting potential long term demand in AI hardware.

Other stories added to the market mood. Viking Therapeutics fell after its VK2735 weight loss pill showed safety concerns in a Phase 2 trial, with higher discontinuation due to GI side effects. Best Buy expanded its online marketplace to include hundreds of third party brands, signaling a shift toward broader commerce beyond its stores. Palo Alto Networks beat profit and revenue expectations and issued strong guidance, while announcing leadership changes at the CTO role. Home Depot reaffirmed its outlook as demand for home projects remained solid, and Intel jumped on news that SoftBank is investing 2 billion dollars in the company, a sign of confidence in U.S. chip manufacturing.

Policy and geopolitics are shaping the tone of a week that otherwise centers on earnings. Nvidia shows how policy details can move stocks even as future demand looks robust, underscoring the fragility of the supply chain in the AI era. The mix of big tech earnings, M and A style investments, and retail platform expansion reflects a market hungry for growth but cautious about the regulatory and political environment. The SoftBank stake in Intel signals a broader belief that U.S. chip manufacturing remains a strategic priority, even as global tensions persist. The week ahead will likely test whether markets can price in policy risk without derailing longer term momentum in AI and cybersecurity spending.

For readers, the story is about more than single stock moves. It is about how companies diversify income and how investors balance growth with the risk of regulatory backlash or shifting trade rules. As leadership shifts unfold in several firms, the market will watch whether managements can translate growth into sustainable cash flow amid an uncertain policy backdrop.

Highlights

Policy signals will keep shaping the market as earnings news continues to unfold.