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25,542 signal articles · 32 in last 24h · 122,390 total before filter · latest 1h ago
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Bloomberg48d agoneutral
Singapore Files New Charges in Nvidia Chip Fraud Case

(Bloomberg) -- Singaporean prosecutors filed additional charges including money laundering against a key suspect in an AI server fraud case, part of the Southeast Asian nation’s growing efforts to clamp down on Nvidia Corp. chips being diverted illicitly to other locations including China. Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Globa

Samsung Eyes Another Record Quarter on Explosive AI Memory Demand, But Rising Employee Bonuses Could Cloud Earnings: Report
Benzinga48d agoneutral
Samsung Eyes Another Record Quarter on Explosive AI Memory Demand, But Rising Employee Bonuses Could Cloud Earnings: Report

Samsung Electronics (OTC:SSNLF) on Tuesday is expected to deliver another record-breaking quarter as surging AI-driven demand for memory chips continues to lift prices, though higher employee bonus costs could weigh on reported earnings. AI Memory Boom Expected to Drive Another Record Quarter Samsung is expected to report an operating profit of about 86 trillion won ($56.35 billion) for the April-to-June quarter, according to an LSEG SmartEstimate based on forecasts from 30 analysts, Reuters rep

Bloomberg48d agoneutral
Unease Over Korea Leveraged ETFs Grows as Lawmakers Demand Fix

(Bloomberg) -- South Korean lawmakers are increasingly sounding alarms over the risks of single‑stock leveraged exchange‑traded funds, with an opposition party member now calling for such products to be delisted.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great

Tokyo puts billions behind Micron's chip plan
TheStreet48d agoneutral
Tokyo puts billions behind Micron's chip plan

Micron Technology (MU) broke ground Saturday on a ¥1.5 trillion, or $9.3 billion, expansion of its memory chip plant in Hiroshima, Japan, according to a Bloomberg report. Japan’s government is absorbing a meaningful share of the bill, unusual even for an industry used to public subsidies. The ...

Bloomberg48d agoneutral
ByteDance, Alibaba Pull AI Companions as Beijing Tightens Rules

(Bloomberg) -- ByteDance Ltd. and Alibaba Group Holding Ltd. are pulling the plug on features that let users build and chat with AI companions, preparing for new Chinese regulations governing human interactions with artificial intelligence.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests Af

Tesla’s blowout quarter comes with a warning sign
TheStreet48d agoneutral
Tesla’s blowout quarter comes with a warning sign

Tesla (TSLA) finally gave investors the number they had been waiting for. The electric-vehicle maker produced a lot more automobiles than Wall Street expected in the second quarter, giving bulls a much-needed data point following a tough stretch for CEO Elon Musk’s company. But the stock market did ...

7-Eleven enters chicken sandwich war
TheStreet48d agoneutral
7-Eleven enters chicken sandwich war

7-Eleven is stepping into perhaps one of fast food’s toughest fights in recent memory. The chain built its U.S. food identity around Slurpees, Big Bite hot dogs, and roller-grill stops. However, of late, it’s tried to become more of a real meal destination, using hotter, heavier handhelds to ...

Bloomberg48d agoneutral
Self-Driving Startup Turing Gets AMD Backing, Adopts AMD GPUs

(Bloomberg) -- Self-driving tech developer Turing Inc. has added AMD Ventures to its list of backers and begun adopting Advanced Micro Devices Inc.'s AI accelerators in its systems.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil's Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great American State Fair Looks So E

Bloomberg48d agoneutral
Self-Driving Startup Turing Gets AMD Backing, Adopts AMD GPUs

(Bloomberg) -- Self-driving tech developer Turing Inc. has added AMD Ventures to its list of backers and begun adopting Advanced Micro Devices Inc.’s AI accelerators in its systems.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great American State Fair Looks So E

Lilly quietly hands Chinese partner its cancer drug
TheStreet48d agoneutral
Lilly quietly hands Chinese partner its cancer drug

Eli Lilly (LLY) climbed to new record highs in the final week of June, driven by strong sales of its weight-loss drugs. Away from that spotlight, the drugmaker made changes to a smaller corner of its business in its second-largest market. On June 30, Lilly agreed to hand a Chinese partner full ...

South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave
Reuters48d agoneutral
South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave

South Korean chipmaker SK Hynix will on Monday launch its about $28 billion U.S. listing, according to its regulatory ‌filings, in one of the world's largest new share sales ‌as it capitalizes on the global AI boom. The company will sell 17.79 million new shares ​in the depository receipt listing on the Nasdaq, making it one of the world's most valuable tech firms. Ten ADRs will represent one common share and the stock will be sold in a price range due to be ‌revealed on Monday, based on ⁠SK Hynix's Seoul trading price.

Bloomberg48d agoneutral
Bankers Say Asia Loan Market to Stay Weak as War Saps Confidence

(Bloomberg) -- Asia’s loan market is heading into the second half of the year with little sign of a rebound, according to bankers, as the fallout from the Iran war continues to suppress confidence among lenders and borrowers.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US Sanction

Bloomberg48d agoneutral
Chip Stock Bulls Count on Samsung to Soothe AI Trade Jitters

(Bloomberg) -- A wild ride for global chip stocks in recent weeks has left investors looking for fresh validation of the artificial intelligence trade. Samsung Electronics Co. may provide just that on Tuesday.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great Am

Costco has found an AI use members will appreciate
TheStreet48d agoneutral
Costco has found an AI use members will appreciate

Costco, like many of its retail rivals, has embraced artificial intelligence (AI). That's perhaps a little surprising given that the chain has traditionally waited for its rivals to prove the benefits of using emerging technology before adopting it. AI, while it has become common, has also had its ...

Samsung likely to post 18-fold jump in profit on surging AI demand for memory
Reuters48d agobullish
Samsung likely to post 18-fold jump in profit on surging AI demand for memory

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 likely to flag an operating profit of 86 trillion won ($56.35 billion) for the April to June quarter, according ‌to an LSEG SmartEstimate based on forecasts from 30 analysts, weighted toward those with the best track records.

Bloomberg48d agobearish
Oil Drops as Flows in Hormuz Persist and OPEC+ Flags More Supply

(Bloomberg) -- Oil fell as energy flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies, fanning concerns about a potential glut.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great American State Fair Looks So EmptyGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaBrent dropped below $7