Tag: trillion
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US chip stocks set to wipe out $2 trillion after latest selloff
Oct 15 : US semiconductor stocks were set to lose $2 trillion in market value on Thursday in the steep selloff since last week, driven by rising bets of an interest-rate hike and concerns over the cost of the AI buildout. The Philadelphia SE Semiconductor index was last down 3.3 per cent, adding to a…
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AMD joins US$1 trillion club as chipmakers rally on AI-driven demand
Advanced Micro Devices briefly soared past US$1 trillion in market capitalisation for the first time on Monday (Sep 21), joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in AI computing.The company’s shares were last up 9 per cent at US$610, after surging to a
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AMD joins $1 trillion club as chipmakers rally on AI-driven demand
Sept 21 : Advanced Micro Devices briefly soared past $1 trillion in market capitalization for the first time on Monday, joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in AI computing.The company’s shares were last up 9 per cent at $610, after surging to an a
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Why the era of cheap government debt is over
US debt has topped $40 trillion. How risky is the country’s growing debt burden. And will investors keep funding Washington’s deficits?
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South Korea proposes record $597 billion 2027 budget to supercharge AI investment
SEOUL, Sept 1 : South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country’s technological edge amid the global AI race. In its annual budget proposal, the budget ministry sai
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Japan aims to cap FY27 new bond issuance at 40 trillion yen, PM says in Yomiuri interview
TOKYO, Aug 28 : Japan’s government aims to keep new government bond issuance to around 40 trillion yen ($251 billion) for the fiscal 2027 budget, Prime Minister Sanae Takaichi said in an interview with the Yomiuri newspaper.Her comments came as Japan’s budget requests from government ministries and agencies f
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Samsung Electronics shares skid as record shareholder returns disappoint
SEOUL, Aug 24 : Shares of Samsung Electronics fell 8 per cent in early trade on Monday after the company’s record $79 billion shareholder-return plan disappointed investors who had expected a larger share of Samsung’s AI-fueled cash windfalls and greater clarity on share buybacks.The South Korean chipmake
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Samsung Electronics expects shareholder returns up to $80 billion this year
SEOUL, Aug 21 : Samsung Electronics said on Friday that it expects its shareholder returns for this year could reach up to 110 trillion won ($79.54 billion), which includes 30 trillion won in cash dividends in the third quarter. Samsung, which, like rival SK Hynix, has seen earnings soar as the AI boom create
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US national debt exceeds US$40 trillion for first time
WASHINGTON: The US gross national debt has surged past US$40 trillion for the first time, government data showed on Wednesday (Aug 19), outstripping earlier forecasts at a pace fuelled in part by President Donald Trump’s invalidated tariffs.The uptick in borrowing comes as longer-term US obligations linked to
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Amazon enters $3 trillion club as AI, cloud growth power rally
Aug 3 : Amazon’s market value topped $3 trillion for the first time on Monday, helped by a sharp rally following strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, the company’s main profit engine.Its shares were last up 5.5 per cent at $286.20, hitting a reco
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