(Bloomberg) — Taiwan Semiconductor Manufacturing Co. shares tumbled by the most in nearly six months as trading resumed Monday, playing catch-up to a global selloff in artificial intelligence-linked stocks last week. Most Read from Bloomberg The Taipei-listed shares slid as much as 6.6%, putting pressure on the benchmark Taiex, which fell as much as 4.4%….
In This Story Nvidia (NVDA-16.95%) stock saw a slight turnaround Tuesday morning after the chipmaker suffered its biggest single-day market value loss because of an artificial intelligence chatbot challenger in China. How Nike’s new CEO plans to revive the struggling sportswear giant Shares of the AI chipmaker were up 2% in pre-market trading, after closing…
The US has recently added 25 Chinese companies to its restricted trade list, including Zhipu AI – a developer of artificial intelligence (AI) models, and Sophg whose chip, made by Taiwan Semiconductor Manufacturing Co. (TSMC) was found illegally integrated into a Huawei AI processor. Zhipu AI, which has received investments from Alibaba and Tencent, was…
Image: NurPhoto (Getty Images) 1. Apple Inc. (AAPL): Apple (AAPL) continues to be a leader in technology with strong growth in its services segment, including payment processing and streaming media. 2. Amazon.com Inc. (AMZN): Amazon (AMZN) dominates e-commerce and cloud computing, with its AI business driving significant growth. 3. Microsoft Corp. (MSFT): Microsoft (MSFT) is…
SHANGHAI (Reuters) – China’s semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co’s shipments of advanced chips to Chinese customers could accelerate Beijing’s self-reliance efforts. TSMC will from Monday suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from…
(Bloomberg) — Emerging-market assets advanced Thursday, lifted by hopes of more stimulus from China and a pause in the US dollar following its election-led surge. Most Read from Bloomberg Sentiment on emerging markets is calming after Wednesday’s selloff fueled by Donald Trump’s US election victory. That had pushed MSCI’s EM equity index into its steepest…
The S&P 500 index set another intraday high in Thursday’s trading on the strength of healthy advances in semiconductor stocks and upbeat economic data to counter the risk of an early recession. The S&P 500 index was up 0.1%, the Dow Jones Industrial Average was up 102 points or 0.2%, and the Nasdaq Composite was…
Chinese authorities have informally advised local companies to use domestic-made artificial intelligence (AI) chips over those from Nvidia, according to two sources familiar with the matter, as alternative suppliers on the mainland look to catch up with the US tech giant. While there is no official ban on Nvidia’s China-tailored H20 graphics processing unit (GPU),…