Nvidia (NVDA) stock dipped more than 1% in premarket trade on Friday, compounding losses from a day earlier amid reports that it is suspending production of its H20 AI chip — a part designed specifically for the Chinese market.

The Information reported on Thursday that the company had told its supplier Amkor Technology (AMKR) to halt production, according to the report which cited two sources with knowledge of the matter. The company also notified South Korea’s Samsung Electronics (005930.KS), which supplies the high-bandwidth memory chips for the model. Amkor handles the advanced packaging.

An Nvidia (NVDA) spokesperson told Reuters: “We constantly manage our supply chain to address market conditions.

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“As both governments recognise, the H20 is not a military product or for government infrastructure. China won’t rely on American chips for government operations, just like the US government would not rely on chips from China.” 2330 (2330.TW)

Meanwhile, Nvidia (NVDA) boss Jensen Huang travelled to Taiwan for meetings at contract chipmaker TSMC (2330.TW, (TSM).

Zoom (ZM)

Online meeting platform Zoom (ZM) saw its stock jump in premarket on Friday, gaining 5.3% as its second quarter results and full-year projections exceeded expectations.

The company said its sales were up 4.7% year-on-year to $1.22bn. It expects third-quarter revenue to be around $1.21bn, meeting analyst estimates.

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Meanwhile non-GAAP profit was $1.53 per share — 11% above the analyst consensus.

Zoom (ZM) slightly lifted its revenue guidance for the full year to $4.83bn at the midpoint from $4.81bn.

The company’s stock price has lost 10% so far this year amid fierce competition in the online meeting tech space.

Tesla (TSLA)

Tesla (TSLA) stock looked set to stage a partial recovery when markets open later on Friday, after slipping 1.2% on Thursday.

The moves follow news that the EV maker will look to increase the price of some of its Cybertrucks by $15,000 in the US.

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The price of the fastest variant of the vehicle — dubbed the Cyberbeast — will now cost $114,990, the company said. The “Luxe Package” for the car includes supervised Full Self-Driving and free access to its supercharging network.

Starbucks (SBUX)

Coffee chain Starbucks (SBUX) has asked a list of potential suitors to submit non-binding bids for its business in China, according to a Reuters report, with the deadline for offers closing in two weeks.