Nvidia (NVDA, Financial) is stepping up its efforts to trace how its chips using advanced AI are allegedly being exported to China in disregard of US export controls. The tech giant has enlisted partners such as Super Micro Computer Inc. (SMCI, Financial). A region flagged as a potential smuggling hub, the office ordered SMCI to…
Photo: Spencer Platt (Getty Images) In This Story The tech-driven Nasdaq reached a high on Monday, driven by gains by Intel and Tesla (TSLA+3.13%), getting December off to a good start after a November that was the best month of 2024 for both the Dow and S&P 500. In the afternoon, the Dow Jones Industrial…
Photo: Michael M. Santiago (Getty Images) The Dow Jones Industrial Average fell more than 250 points Thursday mid-morning, alongside sharp Nasdaq and S&P 500 declines, following earnings reports from Microsoft (MSFT) and Meta (META), as both tech giants grapple with challenges in meeting the surging demand for AI. Meta stock fell about 3% in Thursday…
Supermicro (NASDAQ:SMCI), a prominent AI server manufacturer, saw its stock price plummet on Thursday following reports of a Justice Department investigation into alleged accounting irregularities. The probe comes in the wake of a critical report by activist short-selling firm Hindenburg Research, which accused the company of accounting manipulation and other issues. The Wall Street Journal,…