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

Nvidia faces potentially bigger hurdles in China after Bloomberg reported that the country's regulators are urging companies not to buy its H20 chips, used for AI models. Please w

Cerebras disclosed that its sales increased to $136.4 million in the first six months of the year, up from $8.7 million in the year-earlier period

The Silicon Valley company would be among the first A.I. companies to go public since the release of ChatGPT nearly two years ago.

Businesses racing to adopt AI applications like ChatGPT have benefited the companies behind the semiconductors needed to power the technology. Still, concerns of excessive euphoria around AI-linked stocks prompted some investors to exit the technology sector earlier in the year,