Semiconductor stocks fell in early trading on Monday after Nvidia cut its fourth-quarter revenue outlook, citing deteriorating macroeconomic conditions, particularly in China, along with weakness in its gaming and data centre divisions.
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Global technology stocks are bouncing back. But distaste for what was the market’s favourite group as recently as mid-2018 is starting to spread among large swathes of money managers.
China’s foreign minister has urged countries not to use “fabricated” excuses to block Huawei, as Vodafone Group joined a list of companies that are shunning the telecommunications equipment supplier.
The Prince’s Trust has announced it will no longer accept donations from Huawei amid mounting security concerns about the Chinese firm’s technology.
Microsoft’s search engine, Bing, was blocked in China due to an accidental technical error rather than an attempt at censorship, according to people familiar with the matter.
Intel’s first forecasts for 2019 sent a signal to investors that a torrent of spending on data centres, which has nourished sales and earnings growth for years, is beginning to dry up.
Huawei’s consumer chief has dismissed US “political forces” and attempts to crimp the company’s growth, saying sales of smartphones and other devices surged by about 50% to a record $52-billion in 2018.
An online tool designed to combat fake news, used by Microsoft’s Edge Web browser, is warning users not to trust the MailOnline website.
Microsoft’s Bing search engine has been blocked in China, rendering yet another Western Internet service inaccessible to the world’s largest online population.
Jeff Bezos’s rocket company, Blue Origin, has launched Nasa experiments into space on a brief test flight. The New Shepard rocket blasted off from west Texas, hoisting a capsule containing the experiments.