The Nasdaq hit a record high, but is again extended. Taiwan Semi was among leaders offering new entries. Super Micro soared on S&P 500 news.
The closely-guarded semiconductor capabilities of US-sanctioned Huawei Technologies have come under fresh scrutiny after Nvidia identified the Chinese telecommunications equipment giant as a potential rival in artificial intelligence (AI) chips for the first time. With Nvidia currently unable to ship its advanced graphics processing units (GPUs) to mainland China under Washington's export restrictions, a new AI chipset from Huawei has emerged as a replacement for the US firm's Chinese products,
Peter Schiff highlights the parallels between the booming tech market and the Dot-Com Bubble, warning of an impending economic downturn fueled by inflation and excessive debt.