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Samsung and SK Hynix shares fell by more than 10% as a sell-off in AI-related stocks intensified, driving South Korea's stock market down amid renewed fears over AI spending and Chinese competition.
Asian markets rose as South Korea's chip-heavy Kospi jumped, while oil gains kept inflation and rate worries alive.
Intel said revenue rose 25% in its latest quarter, helped by AI companies buying more CPUs, a sign demand is broadening beyond the usual chip hot spots.
Anthropic is moving closer to chipmaking, with plans to build a team focused on designing its own custom AI chips. The Claude maker says it wants to co-design hardware and models in a way that could help its systems run…
Microsoft is reportedly preparing its Maia 300 AI chip for a September reveal, sharpening the race to reduce Big Tech dependence on Nvidia hardware.
General Compute has secured a $400 million loan from Upper90 to fund inference-specific chips, marking a major shift in AI infrastructure financing away from traditional Nvidia GPUs.
The startup, founded by three Harvard dropouts, says its chips and memory stack can speed up AI inference without GPUs, drawing major investor support and a huge valuation.
Asian shares moved higher as investors returned to the artificial intelligence trade, helping technology stocks recover from a recent sell-off. The rebound came even as markets digested setbacks tied to Elon Musk's…
Apple has nearly doubled its inventory stockpile to $11.1 billion, up from $5.7 billion in September, as the company braces for what executives describe as an unprecedented squeeze on memory chip supplies driven by the…
KARACHI: The Pakistan Stock Exchange extended its recovery on Wednesday, with the benchmark KSE-100 index crossing the 180,000-point mark as investors responded to falling international oil prices and softer…
The House passed a large Pentagon funding bill and a separate budget step that could help Republicans push ahead on war funding and other priorities.
Science Corporation has received European regulatory clearance for its PRIMA vision-restoring chip, a milestone in the company’s broader strategy to build a sustainable brain-computer interface business
The Pakistan Stock Exchange closing lower has shown how quickly geopolitical uncertainty can cool market mood, even after periods of optimism.
Three takeover bids for UK-listed companies landed in a single day, including one for Bath-based Rotork, renewing concern about the hollowing-out of London's stock market.
Tesla's second-quarter profit fell short of expectations even as revenue increased, with investors pushing the stock lower after hours as the company leans further into AI and robotics investment.
IBM is pushing back on the idea that artificial intelligence is killing the mainframe. After a sharp drop in the company’s stock last week tied to warnings about weaker mainframe sales, the message from IBM is that the…
A bigger Treasury buyback program pulled long-term yields off multi-decade highs, lifting stocks, gold, oil and bitcoin in a single trading session.
Reddit posted a genuinely strong second quarter, beating Wall Street's revenue and profit expectations comfortably, yet the company's stock still dropped more than 10 percent in after-hours trading as investors focused…
Uber has agreed to buy Delivery Hero in a $14.8 billion all-stock transaction, a move that would significantly expand the company’s delivery reach and strengthen its position in a crowded global market. The agreement…
A global surge in demand for AI-ready high-bandwidth memory chips is forcing up retail prices for smartphones in India, causing a sharp contraction in sales within the country’s massive budget sector
The S&P 500 rose sharply and closed at a record, marking a notable turnaround after a recent slide in technology shares. According to the New York Times Business, the index gained 1.8 percent and moved above its…
Nvidia CEO Jensen Huang secured major partnerships across Japan’s industrial ecosystem during a two-day Tokyo visit, targeting factory floors with physical AI projects.
AMD is expected to unveil its next wave of AI data centre hardware as it tries to win more of the fast-growing market now led by Nvidia.
U.S. markets hovered near record territory as oil volatility, high Treasury yields and July inflation data kept investors cautious.