Nvidia stock dropped in premarket trading before paring losses, following a report that China is urging local companies not to buy its AI chips.

Beijing urged local companies to stay away from the company's chips, according to a report, while the country is promoting domestic chip makers.

I believe there's still plenty of room for Nvidia to run, and I predict the stock will continue to reach new all-time highs into 2025. Here's why. The accelerating adoption of AI has helped fuel the run-up in technology stocks since the start of 2023,

Nvidia has been an exceptional performer for years, but do Wall Street experts expect more growth in the coming 12 months.

(Reuters) -Artificial intelligence chip firm Cerebras Systems on Monday filed for an initial public offering in the United States. The float will test market appetite for AI-linked stocks, after concerns of excessive euphoria around the sector prompted some investors to rotate out of technology stocks and into value shares earlier this year.