ARC Investments plans a JSE delisting, with moves afoot to bring the company back to South Africa from Mauritius.
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Investors have long talked of Apple as a port of safety in market turmoil. That hasn’t been borne out this time around.
Much of the slump reflects Wall Street’s rapid rotation out of companies tied to artificial intelligence.
JSE-listed Mustek, currently the subject of a takeover bid, has reported a 74.3% decline in headline earnings per share.
Technology distributor Mustek has warned shareholders that it expects to report another weak set of financial results.
Nvidia’s strong growth forecast for the first quarter on Wednesday signalled that booming demand for its AI chips is intact.
An adverse finding by the Takeover Regulation Panel is unlikely to derail Novus Holdings’ bid for a controlling stake in Mustek.
Controversy-plagued Ayo Technology Solutions has been suspended from trading on the JSE.
US President Donald Trump has found allies among tech magnates, who are fighting regulators’ attempts to rein in US tech giants.
Even in a market where artificial intelligence winners are rewarded, Meta Platforms shares stand out.