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Gold Pressured by Stronger Dollar, Rate-Hike Concerns
Barrons.com60d agoneutral
Gold Pressured by Stronger Dollar, Rate-Hike Concerns

Gold prices fell, extending the previous session's losses as a stronger U.S. dollar and growing expectations of interest-rate hikes this year weighed on sentiment. "Limited support came from rising Treasury bonds as lower energy prices ease concerns about inflation," analysts at Saxo Bank said.

Bloomberg60d agoneutral
SK Hynix Seeks $29 Billion With New US Listing to Fund AI Boom

(Bloomberg) -- SK Hynix Inc. is looking to raise 45.45 trillion won ($29.4 billion) by selling depositary receipts on the Nasdaq exchange.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsThe company

Earnings Updates, PCE Inflation Data: What to Watch This Week
The Wall Street Journal60d agoneutral
Earnings Updates, PCE Inflation Data: What to Watch This Week

Investors are looking forward to another week of chip-stock reveals. Qualcomm has its investor conference, and Micron reports earnings a day after a sharp decline in its stock. The Federal Reserve meanwhile will get another data point on the inflation picture, with the PCE (price consumption expenditures) index.

Bloomberg60d agoneutral
Micron Earnings Take on New Gravity With Market on Edge Over AI

(Bloomberg) -- Micron Technology Inc.’s earnings report on Wednesday afternoon is shaping up to be one of the most important in months as investors find themselves suddenly on edge over the sustainability of the AI rally.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Marke

Bloomberg60d agoneutral
Cracks in AI Narrative Seem More Serious This Time

(Bloomberg) -- Bouts of volatility in the artificial intelligence trade are threatening to snowball into a rout as positioning and crowding levels flash red, with traders steeling themselves for a rollercoaster ride into the summer.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billi

Bloomberg60d agoneutral
Leveraged ETFs Sold $6 Billion of Korean Chips in Tuesday Rout

(Bloomberg) -- Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. were likely forced to sell a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain leverage ratios, underscoring how such products can amplify market moves, according to Bloomberg Intelligence. Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep

Taiwan's ASE says it is expanding capacity to support AI demand
Reuters60d agoneutral
Taiwan's ASE says it is expanding capacity to support AI demand

Taiwan's ASE Technology Holding, the world's largest chip packaging and ‌testing provider, is expanding capacity to meet AI ‌demand, Chief Operating Officer Tien Wu said on Wednesday. • ​Wu said the holding company is adding 15 new sites this year, including six greenfield sites for ASE, seven greenfield sites for its unit Siliconware Precision Industries, and sites ‌acquired from Taiwan's Innolux ⁠Corporation earlier this year. • Nvidia said last ​year it planned to ​build up to $500 billion worth of AI ‌server infrastructure in the United ​States with partners ​including ASE subsidiary Siliconware Precision Industries, but the subsidiary has yet to announce any investment plans.

Qualcomm in talks to provide custom chip-design services to ByteDance, sources say
Reuters60d agoneutral
Qualcomm in talks to provide custom chip-design services to ByteDance, sources say

Qualcomm is in talks to provide chip-design services to China's ByteDance, four people familiar with the matter said, as the U.S. company seeks ‌to reduce dependence on the smartphone market, its biggest revenue source. If successful, the ‌negotiations would make ByteDance, the parent of short-video platform TikTok, an early customer of Qualcomm's chip-design services operation. ​Qualcomm is the world's largest supplier of smartphone modem chips, which manage cellular communications.

Morning Bid: Time to cash in your chips?
Reuters60d agoneutral
Morning Bid: Time to cash in your chips?

A look at the day ahead in European and global markets from Tom Westbrook South Korea's chip-heavy KOSPI made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff

Global banking body issues blunt warning on stablecoin boom
TheStreet60d agoneutral
Global banking body issues blunt warning on stablecoin boom

The Bank for International Settlements (BIS), the institution that serves as a bank for the world's central banks, has delivered a pointed assessment of the booming stablecoin market in its 2026 Annual Economic Report. Crypto's most widely used dollar tokens, it argues, borrow the ...

Bloomberg60d agoneutral
Tencent Tests DeepSeek-Powered AI Agent for WeChat Corporate App

(Bloomberg) -- Tencent Holdings Ltd. is preparing to launch an AI agent for its Slack-like enterprise communication app, intensifying a high-stakes battle among Chinese tech giants to lock users into their ecosystems in the post-ChatGPT era.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $

Bloomberg60d agoneutral
ByteDance Seeks $20 Billion in Its Largest-Ever Offshore Loan

(Bloomberg) -- ByteDance Ltd., the developer of TikTok, is in preliminary talks with banks for a borrowing of about $20 billion, people familiar with the matter said, in what would be the firm’s largest offshore loan yet at a time when it’s boosting investments in artificial intelligence.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100%

Tesla stock has a SpaceX problem, veteran analyst says
TheStreet60d agoneutral
Tesla stock has a SpaceX problem, veteran analyst says

The global investment bankJefferies just added a fresh twist to the Tesla (TSLA) stock debate. According to TheFly, veteran analyst Philippe Houchois kept his cautious stance on Tesla, but his latest take goes beyond deliveries, margins, robotaxis or EV demand. His concern is tied to SpaceX ...

SoFi Makes Major AI Investing Move
TheStreet60d agoneutral
SoFi Makes Major AI Investing Move

SoFi acquired Composer and is launching an artificial intelligence-powered investing platform.The tool helps users create, test, and automate trading strategies using everyday language.The move adds to a growing fintech race to keep retail investors engaged with AI tools. SoFi Technologies (SOFI) ...

How SK Hynix's bet on a niche memory chip made it more valuable than Samsung
Reuters60d agoneutral
How SK Hynix's bet on a niche memory chip made it more valuable than Samsung

SK Hynix's overtaking of Samsung Electronics to become South Korea's most valuable firm was the culmination of 14 years of bets that brought it skepticism and scorn but ultimately put it at the centre of the global AI gold rush. In 2012, conglomerate SK Group acquired Hynix Semiconductor in a deal ‌that was considered financially irresponsible. Samsung, in contrast, was valued at more than 10 times SK Hynix and was the global leader in Dynamic Random-Access Memory (DRAM), a memory type that powers ‌laptops and smartphones.

Bank of America strongly resets Micron stock price target
TheStreet60d agoneutral
Bank of America strongly resets Micron stock price target

I've covered Micron repeatedly, and each time, the story has been some version of the same thing. The artificial intelligence (AI) memory supercycle is getting bigger than the market expected, and Micron keeps proving the bears wrong. Tuesday, June 23, is a jarring interruption. MU dropped more ...

South Korea's government discussing major new chip investments with Samsung, SK Hynix
Reuters60d agoneutral
South Korea's government discussing major new chip investments with Samsung, SK Hynix

South Korea's government is in talks with ‌Samsung Electronics and SK ‌Hynix over plans for the next phase of ​large-scale investments in semiconductor production facilities, an official said on Wednesday, adding an announcement on a new ‌chip cluster ⁠would be made soon. "Exponential and explosive" growth in demand ⁠for chips driven by the AI industry could require the two ​companies to ​speed up ​ongoing construction of ‌new chip facilities by more than 10 years to 2034-2035, presidential policy adviser Kim Yong-beom told a discussion panel.

Bloomberg60d agoneutral
SK Hynix to File in Korea in Step Toward ADR Sale, Report Says

(Bloomberg) -- SK Hynix Inc. is expected to submit a statement to Korea’s financial regulator for an offering of American Depositary Receipts, according to Korea Economic Daily.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles Investors‘FOMO Really Got Me’: Taiwanese Go Deep Into D