Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
Nvidia shares are surging as Wall Street is growing more bullish on the company's opportunities in key secular growth markets.
The chipmaker reported better-than-expected fiscal third-quarter earnings and guidance Thursday.
Its data center segment sales, where its cards are used for machine learning and artificial intelligence applications, came in at $501 million versus the $461 million FactSet consensus estimate. Gaming-related sales also beat expectations with $1.56 billion in revenue versus the $1.28 billion estimate.
The quarter and outlook was "well above our recently raised expectations, with upside coming primarily from the gaming segment," Morgan Stanley analyst Joseph Moore wrote in a note to clients Friday.
Nvidia shares closed at an all-time high Friday, rising more than 5 percent. The stock is up 203 percent in the past 12 months through Thursday compared with the S&P 500's 19 percent gain. That performance ranks No. 1 in the entire S&P 500.
Analysts believe Nvidia has an unstoppable leadership position in the key technology growth trends.
"The most important reason to own NVDA is its 10+ year heritage developing and expanding a single hardware (GPU) + software (CUDA) platform. This platform has proven to be continuously leverage-able in some of the biggest and fastest growing markets in technology including gaming, artificial intelligence (AI), autonomous cars, and virtual reality," Bank of America Merrill Lynch analyst Vivek Arya wrote in a note to clients Thursday.
"NVDA's proprietary CUDA application programming interface has become the de-facto software platform for AI."
Arya reiterated his buy rating and increased his price target to $251 a share from $210, representing 22 percent upside to Thursday's close.
Even the company's skeptics are giving up on their negative views after the results.
"We've been bearish for most of this year, anticipating that a slowdown in gaming would drive sharp revenue deceleration in 2017," Nomura Instinet analyst Romit Shah wrote in a note to clients Friday entitled "Falling On Our Sword and Upgrading."
"However, Nvidia demonstrated good diversity in gaming with Nintendo Switch and crypto-currency, offsetting weakness in core gaming earlier in the year. In addition, Datacenter results have been stronger than forecast and we underestimated the value the market would assign to this franchise."
Shah raised his rating to neutral from reduce and his price target to $190 from $110 for Nvidia shares.
— CNBC's Michael Bloom contributed to this story.