Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute: Chip stocks slide as Nvidia (NVDA), Advanced Micro Devices (AMD), and Micron (MU) fall after President Trump accuses China of violating its trade agreement with the US. Palantir Technologies (PLTR) shares rise following reports that the Trump administration tapped the company to build a federal data platform across key agencies. Meanwhile, Costco Wholesale (COST) gains after topping earnings and same-store sales estimates as it commits to keeping prices competitive and lower. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. The race to better compete with AI chip darling Nvidia (NVDA) is well underway. Enter Groq (GROQ.PVT). The company makes what it calls language processing units (LPUs). These LPUs are designed to make large language models run faster and more efficiently, unlike Nvidia GPUs that target training models. Groq’s last capital raise was in August 2024, when it raised $640 million from the likes of BlackRock (BLK) and Cisco (CSCO). The company’s valuation at the time stood at $2.8 billion, a fraction of Nvidia’s more than $3 trillion market cap. It currently clocks in at $3.5 billion, according to Yahoo Finance private markets data. At the helm of Groq is founder and CEO Jonathan Ross. While at Google (GOOG), Ross designed the custom chips that the tech giant would go on to train its AI models on. Yahoo Finance Executive Editor Brian Sozzi sits down on the Opening Bid podcast with Ross to discuss his future plans for Groq. Ross is fresh off a trip with other key tech executives to Saudi Arabia, joining President Donald Trump in forging a deeper tech relationship with the country. Ross begins by sharing with Sozzi the conversations he had on the ground in Saudi Arabia. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms

Cerence AI has entered into a strategic partnership with Arm to enhance the capabilities and performance of its CaLLM Edge, an embedded small language model, by utilizing Arm's Kleidi software library. With the automotive industry increasingly focusing on AI-powered features, the partnership aims to address the challenges of optimizing compute performance for intensive workloads like large language models. This collaboration promises to improve speed, performance, and privacy in processing...

The S&P 500 is on the road to recovery after plunging by as much as 19% from its all-time high in April. Information technology is the dominant sector in the S&P 500, and it's home to trillion-dollar giants like Nvidia, Microsoft, and Apple. The Vanguard Information Technology ETF can help investors gain broad exposure to powerful trends like artificial intelligence (AI).