Nvidia H20 Chips; BJ's Earnings; Workday Drops
On this episode of Stock Movers:- Nvidia (NVDA) shares are after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.- BJ's Wholesale (BJ) fell after it reported fiscal second-quarter sales that came up short of…
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