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South Korea unveils massive AI and chip investment drive
Reuters46d agoneutral
South Korea unveils massive AI and chip investment drive

South Korea rolled out sweeping chip and AI mega-projects on Monday, ‌as President Lee Jae Myung pledged to cement ‌overwhelming industry leadership with investments spanning hundreds of billions of dollars over ​several years. The announcement marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan ‌area. Lee was joined by ⁠the leaders of Samsung Electronics and SK Hynix, the world's two largest memory chipmakers, for ⁠the televised announcement.

Bloomberg46d agoneutral
Samsung, SK Reportedly to Invest $1.3 Trillion Over 10 Years

(Bloomberg) -- South Korea’s Samsung Group and SK Group are poised to announce as much as 2,000 trillion won ($1.3 trillion) of investments over the next decade as part of President Lee Jae Myung’s flagship industrial strategy, Korea Economic Daily reported Monday. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardAnthropic’s Mythos 5 AI Model Cleared by US for Wider UseUS Launches Fresh Strikes on Ir

Bloomberg46d agoneutral
China, India See Top Firms Lose Market Cap Share in AI Lag

(Bloomberg) -- China, India, and Hong Kong have emerged as the only major stock markets worldwide where top companies account for a smaller share of market capitalization than a year ago, underscoring their lag in the global AI race.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardAnthropic’s Mythos 5 AI Model Cleared by US for Wider UseUS Launches Fresh Strikes on Iran Targets After Drone HitsAn Ana

Samsung Electronics (KOSE:A005930) Board Is Weighing A Big Share Buyback
Simply Wall St.46d agobullish
Samsung Electronics (KOSE:A005930) Board Is Weighing A Big Share Buyback

Samsung Electronics (KOSE:A005930) has placed a substantial share repurchase program on the agenda for its next Board of Directors meeting. The board is expected to review the potential buyback and its scope at an upcoming session, with outcomes yet to be announced. If approved, the move would add a fresh element to Samsung Electronics' capital management approach and shareholder return policy. Samsung Electronics sits at the center of global technology supply chains, with core businesses...

Investing.com47d agoneutral
Memory chip makers reap AI windfall as prices surge, WSJ reports

Investing.com -- Memory chip makers are capturing an increasing share of profits from the artificial intelligence boom as soaring demand for high-bandwidth memory (HBM) pushes up prices and raises costs for AI developers and cloud providers, the Wall Street Journal reported on Saturday.

Is Meta Platforms (META) One of the Top Trending US Stocks to Buy Now?
Insider Monkey47d agobullish
Is Meta Platforms (META) One of the Top Trending US Stocks to Buy Now?

Meta Platforms, Inc. (NASDAQ:META) is one of the top trending US stocks to buy now. Reuters reported on June 22 that Kunal Shah, founder of the Indian fintech ​firm, ​will become ​Meta-owned WhatsApp’s new ⁠leader, according to Meta Platforms, Inc.’s (NASDAQ:META) ​current head Will Cathcart statement ​on ​Monday in a ‌post ⁠on X. It further […]

Apple Wants to Buy Blacklisted Chinese Memory. Micron Has Nothing to Worry About
24/7 Wall St.47d agobullish
Apple Wants to Buy Blacklisted Chinese Memory. Micron Has Nothing to Worry About

The AI boom has transformed one of the semiconductor industry’s most cyclical businesses into one of its tightest markets. Memory chips, once plagued by oversupply and collapsing prices, have become one of the biggest bottlenecks for AI infrastructure. That shortage has helped lift Micron Technology (NASDAQ:MU), Samsung Electronics, and SK hynix to record profitability as ... Apple Wants to Buy Blacklisted Chinese Memory. Micron Has Nothing to Worry About

In This Market, It’s Memory ... and Everything Else
The Wall Street Journal48d agoneutral
In This Market, It’s Memory ... and Everything Else

Despite notable stock declines today, memory makers like Micron Technology, Samsung and SK Hynix are far and away the best performers among trillion-dollar technology companies this year. Some of the moves this past week help explain why.

Stock Indexes Finish Lower as Chipmakers Sell Off
Barchart48d agobearish
Stock Indexes Finish Lower as Chipmakers Sell Off

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.09%. September E-mini S&P futures (ESU26 ) fell -0.12%, and September E-mini Nasdaq futures...

AI-Themed Stocks Tank Again, Capping a Wild Week
The Wall Street Journal48d agoneutral
AI-Themed Stocks Tank Again, Capping a Wild Week

Stock indexes closely tied to AI fell Friday. Japan’s benchmark index slid more than 4%, weighed down by a 13% plunge in SoftBank Group’s shares, after a media report suggested OpenAI could hold off going public until next year. The PHLX semiconductor index dropped about 5%, while the Roundhill Memory ETF fell 6.5%.

Micron, SanDisk, and Western Digital Fall 7% as Memory Rally Cools
24/7 Wall St.48d agoneutral
Micron, SanDisk, and Western Digital Fall 7% as Memory Rally Cools

Shares of Micron Technology (NASDAQ:MU) are down 7% to $1,130 in early Friday trading. SanDisk (NASDAQ:SNDK) is slipping 7% to $2,176, while Western Digital (NASDAQ:WDC) is declining 6% to $626. The coordinated retreat across the three biggest U.S. memory and storage names suggests profit-taking rather than a thesis-breaking shift. The trio had ripped higher into ... Micron, SanDisk, and Western Digital Fall 7% as Memory Rally Cools