Yahoo Finance host Julie Hyman takes a look at today's top moving stocks and biggest market stories in this segment of Market Minute,

Semiconductor stocks (SOXX) are falling on reports that Huawei is developing a new artificial intelligence (AI) chip, rivaling Nvidia (NVDA).

Novavax (NVAX) is in focus after the company responded to the FDA's call for an additional clinical trial for its COVID-19 vaccine.

Zscaler (ZS) was upgraded to Outperform from Neutral by BNP Paribas.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Video Transcript

00:00 Speaker A

It's time for Yahoo Finance's market minute. Stocks struggling to extend last week's rebound as investors await progress on trade deal negotiations and look ahead to big tech earnings. Semiconductor stocks under pressure in today's trade, Nvidia shares sliding amid a report that Chinese tech giant Huawei is readying a new advanced AI chip. The move comes in the wake of President Trump's expanded export ban on Nvidia chips to China. Novax releasing a statement responding to the FDA's request for the company to complete an additional clinical trial for its already approved COVID-19 vaccine. Novax stating that a post-approval trial was quote not unusual, and that it believes its application is approvable, once it aligns on details with the FDA over post marketing commitments. And Zscaler upgraded to outperform from neutral at BNP Paribas, the firm noting sales productivity has finally turned a corner and it sees improvement in Billings growth. And that's your Yahoo Finance market minute.  Related Videos

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