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How CXMT Stacks Up Against Memory-Chip Rivals After Blockbuster IPO
The Wall Street Journal19d agoneutral
How CXMT Stacks Up Against Memory-Chip Rivals After Blockbuster IPO

Memory-chip maker CXMT soared 466% in its first day of trading today to become mainland China’s most valuable listed company. But the company, China’s national champion in the red-hot memory-chip business, still has a long way to go to catch up with its global competitors.

China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai
Associated Press20d agobullish
China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai

Shares of CXMT, China's largest memory chipmaker, soared Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT's shares surged 472% and were trading up 462% by early afternoon. It has become the most valuable company listed on a mainland Chinese exchange, with a market capitalization of about 3.3 trillion yuan (more than $487 billion).

Bloomberg20d agobullish
CXMT Can Rally More Than 1,200% on Market Share Win, Nomura Says

(Bloomberg) -- China’s memory-chip bellwether CXMT Corp. can extend its blockbuster stock market debut to rally 1,239% from its initial public offering price as it wins market share over time, according to Nomura Holdings Inc.Most Read from BloombergDeepSeek Suspends Fundraising After Viral US-China PostsSpaceX at $100 Would Imply Zero AI Value, Morgan Stanley SaysUS, Iran Extend Pause in Strikes as Oman Holds Hormuz TalksTrump Seethes as Iran War Spirals Anew With No End in SightAwakened Indian

Chinese chipmaker CXMT soars more than 500% on debut
AFP20d agobullish
Chinese chipmaker CXMT soars more than 500% on debut

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday, underscoring the impact of AI-driven demand on the semiconductor sector.The firm's shares rocketed more than 500 percent by mid-morning, taking its market capitalisation to 3.5 trillion yuan ($520 billion) -- surpassing megabank ICBC as the mainland's most valuable company.

Samsung Galaxy S27 leak hints at pricier retail bet
TheStreet20d agoneutral
Samsung Galaxy S27 leak hints at pricier retail bet

Leaked Galaxy S27 camera plans suggest a broader Samsung lineup as retailers, carriers, and customers mull another premium smartphone tier. Samsung Electronics (SSNLF) may be preparing to give shoppers yet another expensive Galaxy phone to consider. Samsung is developing four Galaxy S27 models: the ...

Nvidia just locked down deal that changes AI race
TheStreet20d agoneutral
Nvidia just locked down deal that changes AI race

South Korean President Lee Jae Myung flew to San Francisco on July 24 for a summit with the most powerful names in artificial intelligence. Jensen Huang was there. Sam Altman was there. The heads of Samsung, SK Group, Hyundai Motor and Naver flew in. By the end of the day, roughly $950 billion in ...

Apple (AAPL) Readies Foldable iPhone As Samsung Launches New Rival Phones
Simply Wall St.21d agoneutral
Apple (AAPL) Readies Foldable iPhone As Samsung Launches New Rival Phones

Samsung has launched new foldable phones as Apple, NasdaqGS:AAPL, is reported to be preparing its first foldable iPhone for a planned September debut. This move sets up direct competition between Apple and Samsung in the foldable smartphone segment. Industry projections suggest Apple could take up to a quarter of the foldable market once its device is released. Apple is already a major player in premium smartphones, and a foldable iPhone would extend its hardware line into a segment where...

Korea's chipmakers prepare big U.S. deals in Silicon Valley
TheStreet21d agoneutral
Korea's chipmakers prepare big U.S. deals in Silicon Valley

Samsung Electronics and SK Hynix are preparing to unveil major supply agreements with American technology companies during President Lee Jae Myung’s visit to Silicon Valley. The negotiations behind these deals have been running for months. What changed is the venue, and that detail says something ...

Samsung (KOSE:A005930) Launches Galaxy Watch Ultra2 And Watch9 With AI Health Features
Simply Wall St.21d agoneutral
Samsung (KOSE:A005930) Launches Galaxy Watch Ultra2 And Watch9 With AI Health Features

Samsung Electronics launched the Galaxy Watch Ultra2 and Galaxy Watch9, expanding its smartwatch lineup with new models focused on AI-powered health and fitness features. The devices introduce AI-driven health insights, advanced sports tracking, and specialized dive capabilities, supported by partnerships such as Mares for underwater use. The launch adds fresh products to Samsung’s wearable and digital health ecosystem, providing another data point for investors watching its consumer...

Bloomberg21d agobullish
Samsung Wins $200 Billion Order to Supply Chips to Broadcom

(Bloomberg) -- Samsung Electronics Co. won a contract worth more than $200 billion to make chips for Broadcom Inc., as the companies race to win a larger share of the AI infrastructure market.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandSpaceX at $100 Would Imply Zero AI Value, Morgan Stanley SaysHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueTrump Seethes as Iran War Spirals Ane

Bloomberg22d agoneutral
Nvidia to Invest $1 Billion in Naver and Expand SK Group Accord

(Bloomberg) -- Nvidia Corp. will invest $1 billion in Naver Corp. to help finance an AI data center under construction in South Korea, adding to a frenzy of deals by the world’s most valuable company.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesSpaceX Turns Away Falcon Customers i

Qualcomm (QCOM) Raises Product Prices And Deepens Samsung Snapdragon Ties
Simply Wall St.22d agoneutral
Qualcomm (QCOM) Raises Product Prices And Deepens Samsung Snapdragon Ties

Qualcomm (NasdaqGS:QCOM) plans significant double digit price increases on select products, citing higher supplier costs and ongoing supply shortages. The company is also expanding its partnership with Samsung to use advanced Snapdragon platforms in Galaxy mobile devices, wearables, and AR products. Both developments highlight changes in Qualcomm's pricing approach and its role within the broader Galaxy device ecosystem. Qualcomm sits at the center of global connectivity and processing,...

Samsung wants to bring stablecoins to your smartphone
TheStreet22d agoneutral
Samsung wants to bring stablecoins to your smartphone

Samsung is preparing to bring stablecoins to Samsung Wallet, marking one of the most significant crypto moves yet from a major smartphone maker. A stablecoin is a type of cryptocurrency designed to hold a steady value, typically pegged one-to-one to a currency like the U.S. dollar. Unlike Bitcoin ...

Why Big Tech barnings could define the market next week
Yahoo Finance Video22d agoneutralVIDEO
Why Big Tech barnings could define the market next week

Next week's earnings from Apple (AAPL), Meta (META), Amazon (AMZN) and Microsoft (MSFT) could set the tone for the broader market, making it one of the most consequential weeks of the summer. Robinhood (HOOD) chief investment officer Stephanie Guild and Miller Tabak managing director and equity strategist Matt Maley join Yahoo Finance Executive Editor Brian Sozzi on Opening Bid to discuss what investors should watch and why these reports could have an outsized impact on market sentiment.

Bloomberg22d agoneutral
Samsung, SK Hynix to Ink Large Chip Supply Deals with US Firms

(Bloomberg) -- Samsung Electronics Co. and SK Hynix Inc. are set to unveil major agreements involving “very large” sums with leading US technology companies during President Lee Jae Myung’s visit to Silicon Valley, a senior presidential official said.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies