Check out the companies making headlines before the bell. Nvidia – The artificial intelligence chip darling dropped more than 1% after a report by The Financial Times , which cited three people with knowledge of the matter, said that China’s internet regulator has banned the biggest tech companies in the country from buying Nvidia’s AI chips. Shares of chipmaker Advanced Micro Devices also fell more than 1% in sympathy following the report. Alibaba – U.S.-listed shares of the Chinese e-commerce giant gained 2.3% after Chinese state media reported that the company won a major customer, China Unicom, for its artificial intelligence chips. Baidu – The Chinese tech company surged nearly 8%. The move comes on the heels of Arete Research Services upgrading Baidu’s American depositary receipts to buy from sell , citing a positive outlook for its AI chip and cloud-computing revenue. Cytokinetics – The stock rose more than 1%. On Tuesday, the biopharmaceutical company announced plans to offer $650 million in convertible senior notes due in 2031. Workday – Shares of the human resources software provider advanced more than 8% after activist investor Elliott Management disclosed a $2 bil …
