Nvidia’s forecast dampens AI enthusiasm of other technology stocks
Nvidia loses $200 billion in market value Other AI companies such as Broadcom, AMD, Microsoft and Amazon are also losing ground Investors’ high expectations led to disappointment despite Nvidia’s strong earnings August 28 (Reuters) – Nvidia shares (NVDA.O)opens new tab…
Trump promises to repeal environmental protection law and prevent steel mergers
Trump wants to limit foreign access to domestic markets and ensure a 100% American supply chain US Steel shares fell 6% after Trump commented on blocking the merger with Nippon Steel Trump plans to abolish EPA rules limiting pollution from…
AMD acquires server manufacturer ZT Systems for $4.9 billion in cash and stock
Aug 19 (Reuters) – AMD (AMD.O)opens new tab announced on Monday that it plans to acquire server maker ZT Systems for $4.9 billion. The company wants to expand its portfolio of chips and hardware for artificial intelligence and compete against…
