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Shares of the Chinese memory-chip company surged in their trading debut, buoying Beijing’s campaign to become a global force in semiconductors that power AI.
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).
(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
Iran and Oman are also in talks that center around having Iran run vessel transit through the Strait of Hormuz with fewer restrictions on ships.
(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
South Korea’s economic growth slowed in the second quarter after robust first-quarter, but remained resilient as brisk chip exports offset weak private consumption and construction investment.
Exchange-traded funds have been a fixture of financial markets since the 1990s as a popular low-cost way for investors to buy baskets of stocks and trade them like shares on a brokerage account. Leveraged ETFs, which promise to multiply the daily returns of their targets, have been around for two decades and are now exploding in popularity, particularly around the AI theme and some of the companies at the forefront of hardware sales. Single-stock leveraged ETFs, which launched in the U.S. in 2022, are booming in Asia as a way to juice bets on South Korean chipmakers Samsung Electronics and SK Hynix and are driving so much money they are reshaping the market, lifting volatility and worrying regulators.
TSMC, the world's largest manufacturer of advanced AI chips, is expected to notch a fifth consecutive quarter of record earnings on Thursday, with a 59% surge in net profit for April-June, driven by booming global demand for AI infrastructure. Analysts said demand for Taiwan Semiconductor Manufacturing Co's (TSMC) 3-nanometre and 2-nanometre process technologies for AI chips, as well as for its advanced chip packaging technology, CoWoS, remains strong. TSMC is expected to report net profit of T$632.6 billion ($19.65 billion) for the second quarter, according to an LSEG SmartEstimate compiled from 18 analysts.
Chinese investors seeking shares in CXMT's $8.6 billion IPO are betting the Chinese chipmaker's valuation will soar as much as 10-fold after its Shanghai debut on the back of an AI-led upcycle and Beijing's ambition to be technologically self-sufficient. The share offering by CXMT, or ChangXin Memory Technologies, will be Asia's biggest share sale so far this year. Wu Zhou, a fund manager at Shenzhen Deyuan Investment, said he will bid for new CXMT shares, betting that China's top memory chipmaker will one day take market share from global giants like South Korea's Samsung Electronics and SK Hynix.
Asian shares mostly rose Wednesday, tracking a rally on Wall Street following a report that showed U.S. inflation was not as bad last month as economists expected. Shares in computer chipmaker SK Hynix rose 9.4%, while those of Samsung Electronics surged 6.1%. Hong Kong's Hang Seng edged up 1.5% to 24,701.10, while the Shanghai Composite lost 0.2% to 3,957.79 after the Chinese government reported the economy expanded at a 4.3% annualized pace in April-June, slowing sharply from 5% in the first quarter of the year.
The S&P 500 Index ($SPX ) (SPY ) today is up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.97%. September E-mini S&P futures (ESU26 ) are up +0.28%, and September E-mini Nasdaq futures...
SK Hynix, one of the world's largest makers of memory chips, is hitting the U.S. stock market at a time when demand for its chips is far outpacing its ability to make them thanks to the frenzy over artificial intelligence. The company is already one of the largest in South Korea, along with Samsung Electronics, and is traded publicly on Seoul's Kospi index. SK Hynix priced its American depositary receipts, or ADRs, at $149 each Thursday.
<body><p>STORY: From a massive SK Hynix IPO to Samsung's giant profits...</p><p>This is the week in numbers.</p><p>:: $26.5 billion</p><p>$26.5 billion is how much chipmaker SK Hynix raised in a Wall Street listing on Thursday.</p><p>That was according to a U.S. regulatory filing.</p><p>A source said demand for the U.S. shares sale was more than seven times oversubscribed.</p><p>The South Korean firm is the world's leading supplier of high-bandwidth memory chips - critical features in advanced processors powering AI systems.</p><p>George Godber is a UK Fund Manager with Polar Capital: </p><p>"The chip plays have been the absolute epicenter of the AI capex spend. There's a lot of attention there. There's an awful lot of demand. There's a lot of retail interest. But it is volatile." </p><p>:: $7.7 billion</p><p>$7.7 billion is how much Apollo Global Management bid for easyJet.</p><p>The U.S. investment firm outbid a rival offer from Castlelake for the British budget airline.</p><p>EasyJet said it would support Apollo's proposal and withdrew support for Castlelake just days after agreeing in principle to a deal.</p><p>The updates sent the carrier's shares soaring during the week.</p><p>:: 46%</p><p>Close to 46% is how much Fast Retailing's profit rose during the previous quarter.</p><p>The Japanese owner of clothing brand Uniqlo said operating profit hit $1.32 billion in the three months through May.</p><p>It managed this while dealing with the Iran war's impact on supply chains and logistics.</p><p>It also put the firm on its way to an expected fifth straight year of record earnings.</p><p>:: 12</p><p>Up to 12 is how many submarines Canada could want Germany's TKMS to build for them.</p><p>TKMS beat out a competing offer from South Korea's Hanwha Ocean.</p><p>Canadian prime minister Mark Carney said Ottawa will now enter talks with the German company.</p><p>"TKMS is the best choice for Canadian workers. It will directly create and sustain an ecosystem of well over 100,000 well-paying jobs across Canada."</p><p>:: $58 billion</p><p>And $58 billion is how much operating profit Samsung flagged for the second quarter. </p><p>The South Korean tech giant expects a 19-fold leap in profits over the quarter from a year earlier, with revenue expected to soar 129%.</p><p>It comes as the global AI boom drives soaring demand for chips, sending prices for silicon sky-high.</p><p>That’s a boost for Samsung, which is the world’s largest maker of memory chips.</p></body>
SanDisk is the most direct publicly traded beneficiary of the disclosed arrangement, given that the memo specifically names the company as Meta's flash storage supplier; the stock's move reverses a bruising stretch that had weighed on the NAND-flash sector coming into this week.
Shares slipped in Asia and oil prices jumped Thursday as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks. U.S. futures edged higher. The United States launched more airstrikes on Iran, and Iran responded by firing at Bahrain, Kuwait and Qatar, a day after U.S. President Donald Trump said their temporary ceasefire was “over.”
“Gradually and then suddenly” is the way in which Mike Campbell, the wealthy but aimless character from Ernest Hemingway’s The Sun Also Rises, describes his bankruptcy. The market is changing, quietly and efficiently, heading into the start of a crucial second quarter earnings season that could either underscore the bull case for tech stocks over the back half of the year or test investor patience for long-awaited profits from the artificial intelligence boom. The which hit its latest all time high in early June, slipped into negative territory for the past month on Tuesday, led to the downside by the ongoing slump in tech stocks that have led the market for much of the past four years.
Samsung Electronics stock dived even after it forecast a 19-fold increase in operating profit from the same period a year earlier.
By Satoshi Sugiyama TOKYO, July 7 (Reuters) - Asian stocks drifted lower on Tuesday, even after South Korea's Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while
(Bloomberg) -- Samsung Electronics Co.’s quarterly profit surged 19-fold, soaring past elevated expectations due to rocketing demand for memory chips needed in AI data centers.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulSaudis Slash Main Oil Price to Rare Discount as Market DivesOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsTwo Millennium Trading Pods Made About $
Micron Technology (NASDAQ: MU) is the most directly tradeable name tied to Appaloosa’s haul. Bloomberg identified Micron as one of the fund’s biggest winners alongside Samsung Electronics, SK Hynix, Kioxia Holdings, and Sandisk Corp., all of which Tepper rode through an AI-infrastructure spending boom that has reshaped the memory-chip landscape in 2025 and into 2026.
Samsung Electronics earnings, SK Hynix’s U.S. listing and TSMC’s June sales will give investors fresh clues on demand for AI memory chips and the durability of this year’s semiconductor rally.
(Bloomberg) -- For more than a decade, investors could treat the two biggest emerging-market exchange-traded funds as almost interchangeable.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsFIFA Allows Balogun to Play After Trump Call Sparking UproarNow, a long-running schism over wh
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.
U.S. recruitment slowed significantly in June, dampening some of the employment growth momentum observed earlier this year.
A look at the day ahead in European and global markets from Stella Qiu Global shares are pulling back after a bumper quarter.
(Bloomberg) -- Apple Inc. is in negotiations to purchase chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced the company to raise prices across its product line.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksSpaceX IPO Left Mirae With No Shares on
SK Hynix builds the memory chips wired into Nvidia’s most advanced AI processors, supplying a component so scarce that customers now reserve production years in advance. This week the South Korean company asked U.S. regulators for permission to list its shares on the Nasdaq for the first time in ...
79% That’s how much South Korea’s exports jumped in June compared with a year prior, as the AI boom fueled demand for chips made by Samsung Electronics and SK Hynix. It was the fastest expansion since October 1978 and came as the Kospi finished the second quarter yesterday with a more than 50% gain despite volatility from the war.
Exports were powered by the unabated demand for advanced chips to fuel the global artificial-intelligence boom, resulting in their largest increase in nearly five decades.
(Bloomberg) -- Shares of companies that supply semiconductor equipment are soaring this week as increased investments from leading chipmakers in South Korea bolster investors’ optimism.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanWhatsApp Opens Username Reservations to 3 Billion UsersTrump’s U-Turn on Iran Sanctions Would Unravel Decades of
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