Nvidia Rout: Traders Eye $100 Stock Level Amid ‘Vacuum’
(Bloomberg) — The sharp sell-off that wiped a record $279 billion off Nvidia (NVDA) Corp.’s market value on Tuesday has traders scouring the charts for clues about where the slide might end. Most read by Bloomberg For Jay Woods, chief…
Tech War: China’s SMIC reports strong sales growth as geopolitical tensions boost local demand
China’s largest chipmaker Semiconductor Manufacturing International Corp (SMIC) reported strong sales growth in the second quarter as customers rushed to place orders amid rising geopolitical tensions, company and board statements showed. The Shanghai-based foundry’s revenue rose 22 percent year-on-year to…
