This week’s jump in bitcoin prices revived themes well known to the digital currency that inflated then burst less than two years ago. Among them: enormous volatility and exchange overloads.
Nvidia has agreed to buy chip maker Mellanox Technologies for US$6.9-billion, gaining expertise to help it push into the growing market for data centre components.
A UK start-up that designs semiconductors used for artificial intelligence applications has raised $200-million from investors including BMW and Microsoft.
Is the rout ripping through technology stocks just another garden variety correction? In the long sweep of history, yes. But compared only to selloffs since the bull market began, it’s starting to get extreme.
Huawei has overtaken Apple in smartphones. Now it wants to take on some of America’s largest technology companies in semiconductors.