Tag: market
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Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand
June 25 : Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla’s for the first time on Thursday, after the memory chipmaker’s solid forecast helped extend its AI-driven ascent.The company’s shares were last up 18.4 per cent at $1,236, giving it a market capitalization of $1.39
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Global chip stocks surge as blowout Micron results reignite AI rally
SEOUL/MILAN, June 25 : Global chip stocks surged on Thursday after Micron Technology’s blockbuster results reignited the AI-driven rally, lifting tech shares from Seoul to Frankfurt as investors grew more confident about persistent demand and tightening supply.Micron, a key supplier for Nvidia’s AI chipsets
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Korean chip shares surge on Micron’s blowout earnings, SK Hynix’s US listing plan
SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology’s quarterly results and forecast beat expectations, boosting optimism over AI-driven chip shortages. South Korea’s SK Hynix also said on Wednesday it plans to raise up to $29.4 billion throug
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Chip stocks plunge, but bargain-hunters stem losses in other tech names
June 23 : U.S. chip stocks stumbled on Tuesday, but the broader market’s initial slump brought out bargain-hunting investors, stemming the falloff in other companies central to the AI infrastructure rally that have powered the market over the last few years.The tech-heavy Nasdaq Composite index was still down
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SpaceX extends losses after $600 billion wipeout, tech stocks slide again
June 23 : Shares of Elon Musk’s SpaceX slipped further on Tuesday following a three-session selloff that wiped out more than $600 billion from the company’s market value, with the highly valued technology sector on track to extend the rout.The rocket and AI company’s shares fell 1.9 per cent to $151.6 earlie
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Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
June 23 : The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk’s SpaceX dropped below $2 trillion in market cap for the first time since its U.S. debut.SpaceX, which is expected to join the Nasdaq 100,…
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This upstart launched 35 ETFs in a day – and doesn’t plan to slow down
PROVIDENCE, RHODE ISLAND, June 22 : It took more than a decade for BlackRock, the world’s largest issuer of exchange-traded funds, to launch its first 300 products.Corgi Investments, the venture-capital-based asset manager, plans to repeat that feat in less than a year, the company tells Reuters.Corgi
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South Korea market watchdog offers rare mea culpa over leveraged ETFs
SEOUL, June 22 : The head of South Korea’s market watchdog offered a rare mea culpa on Monday, saying it was too hasty in approving leveraged funds tied to some of the country’s best-known chip stocks.The comments from Lee Chan-jin, governor of the Financial Supervisory Service, are some of the starkest yet a
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South Korea watchdog regrets rushed launch of leveraged ETFs, considering measures
SEOUL, June 22 : South Korea is considering introducing stabilising measures as leveraged products tied to semiconductor stocks stoke volatility in the country’s stock market, the market watchdog said on Monday, adding these products were introduced too hastily. Lee Chan-jin, governor of the Financial Supervi
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Drone strikes beyond the battlefield pump up market for technology to repel them
BERLIN, June 18 : Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for radars, jammers and defensive craft to defend airports and infrastructure against new aerial threats.Drone technology has caused upheaval at airports for years,
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