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Intel (INTC) shares fell Wednesday after a Chinese industry group said the chips that Intel sells in China should be reviewed for national security risks. 

According to a report Wednesday from , the Cybersecurity Association of China (CSAC) said Intel has “constantly harmed” the country’s interests and security. The body, while not a government agency itself, called for a review of Intel products by the Cyberspace Administration of China (CAC), the country’s cyberspace and internet regulator, the news agency reported. 

"It is recommended that a network security review is initiated on the products Intel sells in China, so as to effectively safeguard China's national security and the legitimate rights and interests of Chinese consumers," CSAC said Wednesday, per .

Intel didn't immediately respond to a request for comment by .

There is some precedent for China taking action against American semiconductor companies. In 2023, the CAC banned the sale of Micron Technology (MU) products to companies in China, citing a similar national security review.

Intel shares dropped about 4% early Wednesday, then recovered some ground to trade about 1% lower, at $22.42, by 1:15 p.m. ET. They have lost more than half their value year-to-date.

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The Dow Jones Industrial Average was higher at midday Wednesday as strong earnings reports offset continued worries about the semiconductor sector. The S&P 500 and Nasdaq were little changed.

Banks stocks got a lift as Morgan Stanley (MS) and U.S. Bancorp (USB) both reported better-than-expected results, boosted by strong net interest income.

Shares of United Airlines (UAL) took off as the carrier beat profit and sales estimates and announced a $1.5 billion stock buyback on improved travel demand. 

Prologis (PLD) shares gained after the largest industrial real estate firm's funds from operations (FFO) exceeded forecasts.

Ulta Beauty (ULTA) shares tumbled when the beauty products maker said that it faces a challenging environment.

The selloff continued for New York-traded shares of ASML Holding (ASML) following the Dutch chip equipment maker's warning about demand for non-artificial intelligence (AI) semiconductors.

Novavax (NVAX) shares plunged when the Food and Drug Administration (FDA) put holds on the biotech firm's combination COVID-19 and flu vaccine and standalone flu shot because of a report of a patient developing nerve damage.

Oil futures fell. Gold prices rose. The yield on the 10-year Treasury note dropped. The U.S. dollar was up on the euro, pound, and yen. Bitcoin traded higher.

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Amazon (AMZN) is the latest tech giant to invest in nuclear power to help meet its rising electricity demand and power its energy-demanding artificial intelligence projects and Amazon Web Services (AWS).

Amazon on Wednesday announced a trio of investments to explore the development of or support existing nuclear facilities, specifically small modular reactors. The reactors are smaller and easier to build than traditional large nuclear power plants, which the International Atomic Energy Agency says can be built in a wider variety of places.

The investments include projects in Washington state and Virginia, with both state-run and private utility companies like Dominion Energy (D) and Energy Northwest, and an investment into a company developing new nuclear technology. The energy created will be used to power Amazon facilities and surrounding communities.

Dominion projects that power demand in Virginia is growing by 5% per year, and expects it to double over the next 15 years.

Amazon also said it is investing in X-Energy, which is developing new technology for "next generation" SMRs, as part of a $500 million funding round that also includes the University of Michigan, Ares Management and Ken Griffin—CEO of the Citadel hedge fund.

Alphabet's (GOOGL) Google and Microsoft (MSFT) have also announced nuclear power investments over the last month, as the tech giants search for clean energy sources as electricity demand is projected to continue rising to power data centers and AI technology.

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Big Three automaker Stellantis (STLA) reported worldwide shipments dropped 20% year-over-year in the third quarter, including a 36% decline in North America amid high dealer inventory levels.

The figures come soon after the maker of Jeep and Chrysler issued a profit warning, citing "deterioration in global industry dynamics" and competition from Chinese rivals.

Shipments during the quarter by the Jeep and Chrysler parent fell to about 1.15 million vehicles from 1.43 million last year.

The drop in shipments exceeded the 15% decline in Stellantis' third-quarter underlying sales due to a shifting product portfolio and moves by car dealers to lower their inventories.

Shipments also fell in the Europe; Middle East and Africa; and China, India, and Asia Pacific regions, with South America the lone area to register a gain.

Still, Stellantis' market share in the U.S. rose to 8% in September from 7.2% in July.

Stellantis has had a difficult year, as lower-than-expected quarterly results, production pauses, and cuts to its full-year outlook have sent its shares down. Last week, the car maker announced a number of changes at its executive level to "redouble the company's focus on its key business priorities" and deal with issues facing the auto industry worldwide.

Stellantis shares were up 1% at $13.08 soon after the opening bell Wednesday but have lost 44% of their value since the start of the year.

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Vice President Kashim Shettima will depart Abuja for Sweden on a 2-day visit to represent Nigeria in bilateral engagements with the Scandinavian nation.

At the instance of President Bola Tinubu, the Vice President, during the working visit, will engage in high-level bilateral talks with key government officials, including a meeting with Crown Princess Victoria of Sweden and the Swedish Prime Minister.

Shettima, according to a statement by his spokesman, Stanley Nkwocha, will use the visit to explore opportunities for strengthened collaboration between Nigeria and Sweden in areas such as ICT, innovation, education, digitalisation, sustainable transport, mining, and agriculture.

“He will also meet with key stakeholders in both the government and private sector.

He is expected to also meet with Norrsken, a Stockholm-based venture capital impact investor, which recently launched Norrsken22, a USD 205 million tech investment fund for Africa.

Norrsken22 is a technology growth fund, backed by over 30 prominent unicorn founders, partnering with exceptional entrepreneurs building Africa’s next tech giants.

The meeting with Norrsken will provide insights into how Nigerian entrepreneurs can benefit from this fund and further strengthen the technology ecosystem in Nigeria.

Notably, 40% of the investments from Norrsken22 are expected to be allocated to Nigerian technology entrepreneurs.

Twelve Nigerian private sector companies that are doing business with Sweden are going independently as a private sector bloc to the meeting.

While in Sweden, VP Shettima is also expected to articulate Nigeria’s economic vision and the reforms being undertaken by the administration to create a business-friendly environment in Nigeria for investors. The myriads of opportunities that abound in Africa’s largest economy will also be showcased.

The Vice President is expected back in the country on Saturday,” the statement added.

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U.S. stock futures are little changed after Tuesday's tech selloff; ASML Holding (ASML) shares are continuing to move lower in premarket trading after the semiconductor-gear manufacturer's stock tanked yesterday as it reported third-quarter results a day earlier than expected; shares of Nvidia (NVDA) are rebounding slightly after stepping back from record highs as chipmakers struggled on industry worries; Stellantis (STLA) reports a 20% decline in Q3 worldwide shipments; and United Airlines (UAL) announces a $1.5 billion share buyback program as it reports better-than-expected earnings. Here's what investors need to know today.

U.S. stock futures are little changed in premarket trading Wednesday following a selloff yesterday on sharp declines for technology and energy shares. Crude oil futures are lower after Tuesday's decline amid easing tensions in the Middle East and news that the International Energy Agency (IEA) lowered its outlook for energy demand growth. Gold futures are higher.

New York Registry Shares of ASML Holding (ASML) are declining a further 3% in premarket trading after the Dutch semiconductor-equipment maker projected that its 2025 net sales would come in lower than previously projected. The company released its earnings report a day early on Tuesday, revealing a weaker-than-expected outlook, which sent its shares tumbling 16%. The company also reported third-quarter net bookings that were well below analyst estimates.

Shares of Nvidia (NVDA) are up about 1% in premarket trading after the tech giant's shares fell nearly 5% Tuesday. Shares had reached an all-time closing high the prior session after bullish comments from analysts who cited the chipmaker's dominance in the accelerator market. Investors also were spooked yesterday by a report that the U.S. could curb AI chip sales to some Middle East countries. Shares of Advanced Micro Devices (AMD) also are rebounding slightly after dropping 5% Tuesday.

Big Three automaker Stellantis (STLA) reported shipments dropped 20% year-over-year in the third quarter, including a 36% decline in deliveries to North America amid high dealer inventory levels. The results come soon after the maker of Jeep and Chrysler issued a profit warning, citing "deterioration in global industry dynamics" and competition from Chinese rivals. Shares of Stellantis are edging higher in premarket trading.

United Airlines (UAL) announced a $1.5 billion share buyback plan while reporting third-quarter earnings that were better than analyst estimates. The airline posted quarterly revenue of $14.84 billion, better than consensus estimates of analysts polled by Visible Alpha, while its adjusted earnings per share (EPS) of $3.33 also beat projections. United's results stand in contrast to the weaker-than-expected earnings from rival Delta Air Lines (DAL). Shares of United are up by more than 1% in premarket trading.

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