News Highlights: Top Company News of the Day - Monday at 5 PM ET

Dow Jones
04 Mar
 
Nvidia's stock sinks, wiping out six months of gains as the AI trade unravels 
 

AI stocks in general are taking a beating Monday, but some Nvidia-specific issues are also worrying investors.

 
Trump, TSMC Announce $100 Billion Investment in U.S. 
 

The announcement is the latest effort by President Trump to persuade companies to make big investments in the U.S.

 
On Another Tariff Eve, Here Is the Impact to U.S. Autos 
 

After a month's reprieve, the U.S. autos industry is again staring down 25% tariffs on imports from Mexico and Canada.

 
Okta delivers what some of its bigger peers couldn't: a rosy outlook 
 

Unlike Salesforce and ServiceNow, Okta beat with its outlook, and its CEO said that forecast is still "prudent."

 
Kroger CEO Resigns After Investigation Into Personal Conduct 
 

The supermarket chain said Rodney McMullen's conduct wasn't related to its financial performance or operations but it was inconsistent with its ethics policy.

 
Howard Hughes Committee Dismisses Latest Pershing Square Offer 
 

The real estate company entered a standstill agreement with Bill Ackman's investment fund to allow more time to explore potential alternatives to Pershing Square's offer.

 
Chinese Buyers Are Ordering Nvidia's Newest AI Chips, Defying U.S. Curbs 
 

Traders offered servers containing the company's Blackwell chips by routing them through third parties in nearby regions.

 
Microchip Technology Slashes More Jobs as Sales Sputter 
 

Microchip Technology is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut costs amid declining sales.

 
'Shocked' reaction to White House Zelensky meeting sends European defense stocks soaring 
 

JPMorgan lifts price targets of European defense companies by an average of 25% after furious reaction in European capitals to Trump-Zelensky meeting.

 
Intel's stock is rising - and this time it's not because of sale rumors 
 

Nvidia and Broadcom reportedly are testing Intel's manufacturing technology. That's a potentially encouraging signal for the business.

 
 

(END) Dow Jones Newswires

March 03, 2025 17:00 ET (22:00 GMT)

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