Nvidia says the US agreed to let it continue developing its H100 enterprise AI chip in China; Nvidia stock is down 11%+ after warning about export restrictions (Kif Leswing/CNBC)

Jane Lanhee Lee / Reuters:
Nvidia is offering Chinese customers the A800 GPU, which it says meets US export control rules, as an alternative to its A100 chip that the US banned for export  —  U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed …

Kif Leswing / CNBC:
Apple stock closes up 7.56%, its best day since April 2020; it was the second-best performing stock in the Dow Jones Industrial Average behind Intel on Friday  —  – Apple stock rose 7.5% on Friday, a day after it reported September quarter earnings that modestly beat expectations on revenue …

Kif Leswing / CNBC:
Nvidia reports Q3 revenue down 17% YoY to $5.93B, vs. $5.77B est., including Data Center revenue up 31% YoY to $3.83B and Gaming revenue down 51% YoY to $1.57B  —  – Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light.

Kif Leswing / CNBC:
Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+  —  – Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.

Benj Edwards / Ars Technica:
Nvidia says its H100 Tensor Core GPU, using the Hopper architecture, is in full production and will begin shipping in October in products from eight vendors  —  Nvidia’s H100 “Hopper” GPU is in full production, eight major vendors shipping products soon.  —  At today’s GTC conference keynote …

Kif Leswing / CNBC:
Apple, AMD, and Nvidia have all indicated plans to buy chips from TSMC’s planned Arizona fabs  —  – Apple CEO Tim Cook spoke at an event in Arizona on Tuesday, ahead of remarks expected by President Joe Biden later in the day, where Cook confirmed Apple will buy chips built in the U.S.