Key Takeaways
- Former President Donald Trump has indicated a potential for increased trade with Russia following a Ukraine accord, ahead of his planned meeting with President Vladimir Putin.
- Trump also stated that NVIDIA (NVDA) will pay a 15% share on H20 chip sales to China, and he seeks a 20% share if he approves chip exports, while noting that China already possesses the H20 chip in a different form.
- Ukrainian President Volodymyr Zelensky insists that sanctions on Russia must remain until Ukraine receives security assurances, expressing concern that Russia aims to stall the conflict.
- Dell Technologies (DELL) has enhanced its AI data platform with contributions from NVIDIA (NVDA) and Elastic (ESTC), aiming to bolster enterprise AI capabilities.
- A major blast at a Pennsylvania coke plant has triggered a mass casualty alert, with emergency teams responding to multiple injuries.
Former President Donald Trump is preparing for a significant meeting with Russian President Vladimir Putin, indicating that increased trade with Russia could follow a Ukraine accord. Trump plans to speak with European leaders before his meeting with Putin and intends to contact Ukrainian President Volodymyr Zelensky and other European leaders afterward. He suggested that a meeting between Putin and Zelenskyy could occur, and he would like to see a ceasefire between Russia and Ukraine. Trump acknowledged that the meeting with Putin could yield both beneficial and negative outcomes, stating he would tell Putin to stop the war and would "see what Putin has in mind." He also noted that negotiating a Russia-Ukraine deal is "not up to me."
On the technology front, Trump confirmed that NVIDIA (NVDA) will pay a 15% share on H20 chip sales to China. He also expressed a desire for a 20% share if he approves chip exports. Trump commented on NVIDIA (NVDA) and AMD (AMD) chips, asserting that certain advanced chips involve an "old chip that China already has" and that "China already has H20 in a different form." He added that he would not make a deal over NVIDIA's (NVDA) new advanced chips and believes NVIDIA (NVDA) CEO Huang is coming to see him again about a new chip. Separately, Dell Technologies (DELL) has announced improvements to its AI data platform, leveraging partnerships with NVIDIA (NVDA) and Elastic (ESTC) to assist customers in utilizing data for enterprise AI applications.
Meanwhile, Ukrainian President Volodymyr Zelensky has firmly stated that sanctions on Russia should remain in place until Ukraine receives comprehensive security assurances. Zelensky believes it is clear that Russians intend to stall the war rather than bring it to an end. Trump remarked that Zelensky has already attended many meetings concerning Ukraine and politics.
In other news, a major blast at a Pennsylvania coke plant has prompted a mass casualty alert. Emergency teams have rushed to the scene to aid multiple injured individuals, with heavy smoke blanketing the region. The cause of the incident is currently under investigation. Additionally, Trump mentioned he is "looking at reclassifying marijuana" and reiterated that tariffs provide "great power over enemies." European markets saw mixed results, with Britain's FTSE 100 up 0.37%, Germany's DAX down 0.37%, France's CAC 40 down 0.57%, and Spain's IBEX up 0.14%.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.