Investing.com

Jones Trading has initiated coverage of American Bitcoin with a buy rating, according to a report by Investing.com. The rating marks the firm's first public stance on the stock, which is tied to the bitcoin mining and holding business. Analyst initiation notes often influence investor sentiment, and a buy call from a trading firm adds to attention around bitcoin-linked equities.

China may permit Alibaba and ByteDance to purchase Nvidia's new chips, according to a report by The Information picked up by Investing.com and Yahoo Finance. The potential approval would mark a shift in Beijing's stance on US semiconductor purchases by major Chinese tech firms, with implications for Nvidia's access to the Chinese market amid ongoing US-China trade tensions over advanced chips.

Jefferies has named its preferred internet stock in Australia, according to an Investing.com report. The brokerage's pick gives investors a read on which listed Australian internet company it sees as best positioned. Details of the chosen stock and the reasoning behind the call were not included in the headline cited, and market reaction has not yet been reported.