US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In … Read more
Nvidia Corp breached the $1 trillion in market capitalization on Tuesday, making it the first chipmaker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose 4.2% in early trading on Tuesday, was valued at $1 trillion. Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker globally, valued at about … Read more
Layoffs by U.S. companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced, a report showed on Thursday. In February alone, layoffs in the United States stood at 77,770, more than five times higher than the 15,245 job … Read more
Apple Inc. rallied to close at record high Wednesday amid optimism on its corporate growth outlook for the second half of the year. It gained 1.8% to close at $144.57, smashing its January peak as some on Wall Street forecast a stronger rally over the next six months with iPhone sales poised to climb. It … Read more