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Nvidia faces $5.5 billion charge as US restricts chip sales to China

Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government limited exports of its H20...

Published about 3 hours ago

Technology

TSMC first-quarter profit likely soared but Trump policies cloud outlook

TAIPEI: TSMC, the main global producer of advanced chips used in artificial intelligence applications, is set to...

Published 2 days ago

Technology

Dubai’s tech culture tops Silicon Valley: NVIDIA, Amazon-backed founder

One of the most crucial aspects of any city that is working to solidify its position as a hub for all things tech...

Updated 04 Apr, 2025 12:37pm

Technology

Nvidia CEO: Humanoid robot revolution is closer than you think

SAN JOSE: Nvidia CEO Jensen Huang believes humanoid robots are less than five years away from seeing wide use in...

Published 20 Mar, 2025 10:31am

Perspectives

Global AI divide - US and UK refusal to sign Paris AI Declaration

The Global AI Summit in Paris, a gathering of over 50 nations aimed at establishing a global framework for the...

Published 11 Mar, 2025 03:49pm

Markets

Wall St mixed as Nvidia in the red, economic data disappoints

NEW YORK: Wall Street’s main indexes were mixed on Thursday as Nvidia shares swung to losses after investors...

Published 28 Feb, 2025 08:17am

Technology

DeepSeek gives China’s chipmakers leg up in race for cheaper AI

BEIJING: The rise of DeepSeek’s artificial intelligence (AI) models is seen providing some Chinese chipmakers such...

Published 13 Feb, 2025 12:38pm

Business & Finance

Samsung sees limited first-quarter earnings growth due to weak chips business

SEOUL: Samsung Electronics said on Friday it expected limited first-quarter earnings growth due to weak memory chip...

Published 31 Jan, 2025 08:23am

World

India IT minister praises DeepSeek’s low-cost AI, compares it with own investment approach

India’s IT minister has praised Chinese startup DeepSeek for shaking up the sector with its low-cost AI assistant,...

Published 30 Jan, 2025 01:36pm

Markets

Tech stock selloff deepens as DeepSeek triggers AI rethink

SINGAPORE: Japanese technology shares fell on Tuesday as a global market rout sparked by the emergence of a low-cost...

Published 28 Jan, 2025 10:48am

Business & Finance

SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand

SEOUL: South Korea’s SK Hynix forecast sales of its high-end semiconductors used in generative artificial...

Published 23 Jan, 2025 08:40am

Technology

TikTok owner ByteDance plans to spend $12 bln on AI chips in 2025, FT reports

ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend...

Published 22 Jan, 2025 08:14am

Technology

Microsoft relaxes data center grip on OpenAI amid $500 bln joint venture

Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a...

Published 22 Jan, 2025 08:00am

Technology

TSMC’s Q4 profit rises 57% to a record, in line with forecast

TAIPEI: Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with...

Published 16 Jan, 2025 11:34am

Technology

TSMC’s fourth-quarter revenue handily beats market forecast on AI demand

TAIPEI: TSMC, the world’s largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat...

Published 10 Jan, 2025 11:41am

Technology

Nvidia criticizes reported Biden plan for AI chip export curbs

Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip...

Published 10 Jan, 2025 11:18am

Markets

Wall St set to end 2024 on high note as AI boom

NEW YORK: Wall Street’s main indexes slipped in the last trading session of 2024 as Treasury yields rose, but the...

Published 01 Jan, 2025 03:03am

Markets

Wall Street pressured by rising bond yields

NEW YORK: Wall Street’s main indexes were muted in choppy trading on Friday as yields on government bonds ticked...

Published 14 Dec, 2024 06:46am

Technology

China targets Nvidia with antitrust probe, escalating US chip tensions

BEIJING: China said on Monday it has launched an investigation into Nvidia Corp over suspected violations of the...

Published 09 Dec, 2024 09:16pm

Markets

Japan’s Nikkei ends higher

TOKYO: Japan’s Nikkei share average ended higher on Friday after two straight sessions of falls, as chip-related...

Published 23 Nov, 2024 06:19am

Business & Finance

Asian currencies stay subdued

BENGALURU: Equity benchmarks in Taiwan and South Korea climbed more than 1% on Friday, boosted by optimism around...

Published 23 Nov, 2024 06:19am

Markets

Gold climbs on rising demand

LONDON: Spot gold prices rose for the fourth consecutive day on Thursday, helped by safe-haven demand and subdued...

Published 22 Nov, 2024 03:03am

Markets

European stocks sink

FRANKFURT: Europe’s main stock index touched its lowest level in three months on Tuesday, as escalating...

Published 20 Nov, 2024 06:45am

Markets

Japan’s Nikkei ends higher

TOKYO: Japan’s Nikkei share average closed higher on Tuesday, driven by chip-related stocks which tracked ...

Published 20 Nov, 2024 06:45am

Markets

S&P 500, Nasdaq inch up as investors assess Russia-Ukraine tensions

NEW YORK: The S&P 500 and the tech-heavy Nasdaq edged higher on Tuesday, paring earlier losses as investors...

Published 20 Nov, 2024 06:45am

Technology

Taiwan chip giant TSMC sued for alleged discrimination

WASHINGTON: More than a dozen US-based employees of Taiwanese chipmaking giant TSMC have sued the company for...

Published 14 Nov, 2024 01:17pm

Technology

Nvidia and SoftBank pilot world’s first AI and 5G telecom network

TOKYO: Leading chipmaker Nvidia and SoftBank Corp, the telecommunications arm of SoftBank Group, have piloted the...

Published 13 Nov, 2024 10:05am

Business & Finance

Samsung to focus on high-end chips to improve earnings after disappointing results

SEOUL: Samsung Electronics said it would focus on producing high-end chips to improve profitability after reporting...

Published 31 Oct, 2024 09:46am

Markets

Wall Street loses ground as chip, oil stocks plummet

NEW YORK: Wall Street slipped on Tuesday, with the tech-heavy Nasdaq leading the decline, as a slump in ...

Published 16 Oct, 2024 06:58am

Technology

ByteDance plans new AI model trained with Huawei chips, sources say

TikTok’s Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei...

Published 30 Sep, 2024 11:28am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 16	280.50
USD PKR Interbank Buying / Apr 16	280.25
USD to Japanese Yen / Apr 16	142.06
USD to Swiss Franc / Apr 16	0.81
Pound Sterling to USD / Apr 16	1.33
Euro to USD / Apr 16	1.14
UK LIBOR % / Apr 15	4.96

Stock	Volume
S&P 500 / Apr 15	5,396.63
Nasdaq / Apr 15	16,823.17
Dow Jones / Apr 15	40,368.96
India Sensex / Apr 16	76,646.97
Tokyo Nikkei / Apr 16	33,920.40
Hang Seng / Apr 16	21,078.61
FTSE 100 / Apr 16	8,213.29
Germany DAX 30 / Apr 16	21,059.42
France CAC40 / Apr 16	7,278.13

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 15	16,985
Gold 10 Grams PKR / Apr 15	290,980
Petrol/Litre / Apr 16	254.63
Crude Oil USD/Barrel / Apr 16	61
Gold Spot USD/Ounce / Apr 16	3,299.51
Diesel/Litre / Apr 16	258.64
Cotton US¢/pound / Apr 16	66.04

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Apr 16 Power Cement (Pref)(POWERPS)	14.91 ▲ 1.36 (10.04%)
Gammon Pak / Apr 16 Gammon Pakistan Limited(GAMON)	28.12 ▲ 2.56 (10.02%)
Mandviwala / Apr 16 Mandviwala Mauser Plastic Industries(MWMP)	17.68 ▲ 1.61 (10.02%)
Redco Textile / Apr 16 Redco Textiles Limited(REDCO)	27.80 ▲ 2.53 (10.01%)
Nimir Resins / Apr 16 Nimir Resins Limited(NRSL)	38.59 ▲ 3.51 (10.01%)
Chakwal Spinning / Apr 16 Chakwal Spinning Mills Limited(CWSM)	52.66 ▲ 4.79 (10.01%)
J.K.Spinning / Apr 16 J.K. Spinning Mills Limited(JKSM)	64.35 ▲ 5.85 (10%)
S.S.Oil / Apr 16 S.S.Oil Mills Limited(SSOM)	222.35 ▲ 20.21 (10%)
Olympia Mills / Apr 16 Olympia Mills Limited(OML)	30.80 ▲ 2.8 (10%)
Atlas Battery / Apr 16 Atlas Battery Limited(ATBA)	348.48 ▲ 31.68 (10%)

Stock	Price
United Insurance / Apr 16 The United Insurance Company(UNIC)	16.50 ▼ -2.99 (-15.34%)
Oilboy Energy(R) / Apr 16 Oilboy Energy Limited(R)(OBOYR2)	1.36 ▼ -0.17 (-11.11%)
Hafiz Ltd. / Apr 16 Hafiz Limited(HAFL)	253.51 ▼ -28.17 (-10%)
Blue-Ex Ltd / Apr 16 Blue-Ex Limited (GEM)(GEMBLUEX)	59.41 ▼ -6.59 (-9.98%)
Sindh Abadgar / Apr 16 Sindh Abadgar's Sugar Mills Limited(SASML)	52.70 ▼ -5.63 (-9.65%)
Nazir Cotton Mills / Apr 16 Nazir Cotton Mills Limited(NCML)	12.01 ▼ -1.23 (-9.29%)
Pak. P.V.C. / Apr 16 Pakistan PVC Limited(PPVC)	8.01 ▼ -0.78 (-8.87%)
Al-Khair Gadoon / Apr 16 Al-Khair Gadoon Limited(AKGL)	41.20 ▼ -3.9 (-8.65%)
Kohinoor Mills / Apr 16 Kohinoor Mills Limited(KML)	30.60 ▼ -2.77 (-8.3%)
Tandlianwala Sugar / Apr 16 Tandlianwala Sugar Mills Limited(TSML)	75 ▼ -6.13 (-7.56%)

Stock	Volume
Cnergyico PK / Apr 16 Cnergyico PK Limited(CNERGY)	25,214,297 ▲ 0
Fauji Foods Ltd / Apr 16 Fauji Foods Limited(FFL)	18,991,647 ▲ 0.31
B.O.Punjab / Apr 16 The Bank of Punjab(BOP)	13,272,013 ▼ -0.11
At-Tahur Ltd. / Apr 16 At-Tahur Limited(PREMA)	12,659,116 ▲ 4.8
Citi Pharma Ltd / Apr 16 Citi Pharma Limited(CPHL)	12,419,320 ▼ -2.24
P.S.O. / Apr 16 Pakistan State Oil Company Limited(PSO)	10,454,164 ▼ -7.07
Sui South Gas / Apr 16 Sui Southern Gas Company Limited(SSGC)	8,992,645 ▼ -0.84
Pak Stock Exchange / Apr 16 Pakistan Stock Exchange Limited(PSX)	8,327,713 ▲ 1.63
TPL Properties / Apr 16 TPL Properties Limited(TPLP)	7,887,890 ▲ 0.3
Pak Refinery / Apr 16 Pakistan Refinery Limited(PRL)	7,229,552 ▼ -0.54

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