Apple is scheduled to host its next launch event on September 9, where the company is expected to unveil its newest iPhone series and potentially its foldable phone, according to reports from Reuters and CNN. The high-profile debut marks a critical turning point for the tech giant as it navigates a competitive market and transitions … Read more
Unitree shares slumped 45% from their debut peak in late August, dropping by $30 billion after soaring to an early $66 billion valuation on the Shanghai STAR Market, according to Reuters. The steep post-listing selloff for China’s best-known humanoid robot maker has triggered widespread regulatory and investor anxiety over retail losses, retail trading frenzies, and … Read more
Apple has trained a large language model specifically for the China market with support from Alibaba Group, according to three people familiar with the matter who spoke with Reuters. The development marks a departure from the iPhone maker’s prior strategy of relying entirely on third-party models to power artificial intelligence features in the country, where … Read more
SpaceX’s first earnings call as a public company is drawing intense retail investor interest in unconventional topics, ranging from pink rockets to Shiba Inu mascots, according to Reuters reporting by Akash Sriram published on August 1. While the call may be expected to focus on AI spending and profits from the Starlink satellite communications network, … Read more
Samsung Electronics expects global memory chip shortages to worsen and extend into 2028, according to company executives, even as surging semiconductor prices drive massive profit growth while simultaneously squeezing the firm’s mobile division. The memory giant posted an operating profit of 89.2 trillion won ($61.7 billion) for the second quarter, marking a more than 250-fold … Read more
Global markets faced mounting volatility as the Nasdaq dropped 1.16% amid growing investor caution over steep corporate spending on artificial intelligence infrastructure and rising international competition. According to Reuters, chip stocks led early market declines following concerns regarding heavy capital expenditure and lower-cost AI models emerging from China, just ahead of crucial quarterly earnings reports … Read more
Chinese memory chip manufacturer ChangXin Memory Technologies (CXMT) has seized newfound pricing power amid a global supply scramble, hiking costs for major tech firms like Huawei and securing a multi-billion dollar deal with TikTok owner ByteDance, according to sources familiar with the matter. The shift highlights a dramatic turnaround for domestic semiconductor firms once reliant … Read more
Wall Street indexes closed lower on July 17, driven by a selloff in AI-linked semiconductor stocks and disappointing guidance from Netflix. The Nasdaq Composite fell 1.40%, the S&P 500 dropped 1.01%, and the Dow Jones Industrial Average declined 0.77%, according to Reuters. AI Chip Fatigue Triggers Semiconductor Bear Market The Philadelphia SE Semiconductor Index (.SOX) … Read more
SK Hynix shares jumped 14% during their Nasdaq debut on July 10, following a $26.5 billion share sale. The South Korean chipmaker opened at $170 per American Depositary Receipt (ADR), significantly above the $149 offering price. This move provides the company with direct access to U.S. capital markets and funds for future factory construction, signaling … Read more
SK Hynix completed a U.S. trading debut on Friday, pricing its American Depositary Receipts (ADRs) at $149 each following a $26.5 billion share sale. This listing, which was oversubscribed more than seven times, provides the South Korean memory chipmaker direct access to U.S. investors and capital to fund new factory construction, according to reports confirmed … Read more