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Jim Cramer rebuffs Wall Street’s ‘knee-jerk negativity’ after Tuesday’s pullback

Jim Cramer rebuffs Wall Street’s ‘knee-jerk negativity’ after Tuesday’s pullback

CNBC’s Jim Cramer on Tuesday pushed back against a downbeat sentiment he has felt on Wall Street, saying “knee-jerk negativity” is making investors lose money. “In this business we’re supposed to care about companies and their profits, and the profits are, indeed, bountiful,” he said. “Yet the investing class is so scared and so negative…

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U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China

U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China

China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images Two Chinese nationals in California have been arrested and charged with the illegal shipment of tens of millions of dollars‘ worth of AI chips, the Department of Justice said Tuesday.  Chuan Geng,…

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