US warns against Huawei chips, China criticizes restrictions, vows to protect interests.

From Yahoo Finance: 2025-05-20 15:00:00

The US issued guidance warning against using China’s Huawei Ascend AI chips, prompting China to demand correction of “discriminatory” measures. China’s Ministry of Commerce criticized the US for imposing stricter restrictions on Chinese chip products based on unfounded allegations.

The US Commerce Department cited violation of export controls in issuing guidance against Chinese chips. China opposes the US’s unilateral restrictions, accusing them of infringing on Chinese companies’ rights and undermining trade agreements.

China vows to take resolute measures to protect its interests if the US continues harming China. Despite the tensions, China urges the US to cooperate in safeguarding agreements reached in Geneva.

Morgan Stanley reaffirmed Salesforce (CRM) as “Overweight” ahead of earnings, citing low expectations and positive risk/reward. With 162 hedge fund holders, CRM ranks 5th among AI stocks. While CRM holds promise, other AI stocks may offer higher returns with limited downside risk.



Read more at Yahoo Finance: Morgan Stanley Reiterates Overweight on Salesforce (CRM) Ahead of Earnings