Intel, which is cutting thousands of jobs, recently sold its stake in British chip firm ARM Holdings.
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Cisco will cut thousands of jobs in a second round of layoffs this year, people familiar with the matter said.
The lawsuit alleges that Intel fraudulently concealed problems that led it to post weak results and suspend its dividend.
Intel shares slumped 20% in extended trade after it announced sweeping job cuts and a suspension of its dividend.
Nvidia’s huge rally on Wednesday marks a new record one-day gain for any company on Wall Street.
National treasury has said key priorities must include debt reduction and private investment in infrastructure.
Investors are beginning to question whether Wall Street’s AI rally may have become overextended.
Financial results this week will land in a market roiled by one of the quickest and sharpest rotations out of Big Tech in years.
Policymaking has been “liberated from Luthuli House”, according to Business Leadership South Africa CEO Busi Mavuso.
The Reserve Bank will leave interest rates on hold this week but cut rates by 25 basis points in September, a poll suggested.