Tag: year
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Chip stock pullback sparks worries about AI rally strength, leveraged trades
July 17 : A brutal week for chip stocks — the same names that fueled this year’s blistering market rally — has left investors from Seoul to Silicon Valley asking whether the AI boom became over-leveraged and got ahead of itself.Investors from Asia to Europe pulled back from AI-exposed stocks and so-called
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Netflix earnings forecast disappoints Wall Street, shares tumble
LOS ANGELES, July 16 : Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth.Shares of Netflix fell nearly 8.6 per cent in after-hours trading to $67.99.
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TSMC pledges another $100bn to expand US production in Arizona
The company says it will create “high-tech, high-paying jobs”, and raises its total commitment to the US to $265bn.
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Volkswagen planning to cut up to 100,000 jobs globally
The group, which includes Porsche and Audi, has faced a steep fall in profits and tough competition from China.
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Strategy bitcoin sales shine light on faltering crypto hoarding companies
NEW YORK, July 13 : A move by Michael Saylor’s bitcoin stockpiling company Strategy to authorize more bitcoin sales has once again shone a spotlight on a clutch of public crypto hoarding companies, which have been buffeted by falling token prices. Strategy’s shares briefly bounced on Friday after analysts ble
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Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
(Corrects figure in paragraph 11 to 2.5 gigawatts by end of year, not 5.5 gigawatts.)By Katie Paul, Max A. Cherney and Stephen NellisNEW YORK/SAN FRANCISCO, July 9 : Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computin
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Are German companies leaving the country?
Should I stay or should I go? Given Germany’s high cost and sluggish growth, some business leaders are mulling relocating, or at least investing abroad. DW has a look at the numbers.
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SK Hynix CEO sees worst memory shortage in 2027, demand to outstrip supply beyond 2030
SEOUL/NEW YORK, July 10 : SK Hynix Chief Executive Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company’s ability to produce it well into the next decade despite aggressive capacity expansion.
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Samsung likely to post 18-fold jump in profit on surging AI demand for memory
SEOUL, July 6 : Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI growth continues to strain memory supply and push chip prices higher. On Tuesday, the world’s largest memory chipmaker by sales is
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I just want to get drunk, Sabalenka says, after Wimbledon exit
LONDON, July 5 : World number one Aryna Sabalenka said she felt like drowning her sorrows after her wait for a Wimbledon title was extended for at least another year as she lost to an inspired Naomi Osaka in the fourth round on Sunday.The blockbuster clash between two players with four Grand Slam titles each
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