Nvidia forecast beats expectations but crypto mining’s role remains unclear
Nvidia Corp forecast second-quarter revenue above analyst’s estimates. But shares fell 1% after-hours. This is because the company could not say for certain how much of its recent revenue rise was driven by the volatile cryptocurrency-mining market. In this pandemic the demand for Nvidia graphics chips for video gaming boomed. This resulted in rapid growth rate […]
Amazon snaps up James Bond, owner MGM for $8.45 BLN as streaming war heats up
Amazon.com Inc said that it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion. This gives it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. Privately-held MGM, or Metro Goldwyn Mayer, was founded in 1924. This […]
Tech M&A in Asia at record high, main deal driver in the region-industry data
Mergers and acquisitions targeting technology companies have hit a record high in Asia Pacific. As the pandemic spurs a shift toward virtual activities in the economy, dealmakers expect this M&A pace to continue. This is shown by the dealogic data. In 2020, Tech M&A has totalled $136.2 billion. This is more than double the year-ago […]