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Stocks Rally, Shaking Off Fed’s Rate Hike
The Wall Street Journal1d agobullish
Stocks Rally, Shaking Off Fed’s Rate Hike

Major stock-market indexes rallied, reversing the declines that followed the Federal Reserve’s interest-rate hike Wednesday. The PHLX Semiconductor Index rose 3.1% after comments from Intel Chief Executive Lip-Bu Tan about soaring memory prices. The Securities and Exchange Commission cleared a path for trading venues to offer tokenized stocks in the U.S., a landmark decision that may overhaul traditional equity markets.

How Verizon’s Expanded 6G Innovation Forum Could Reshape the Network Platform Story for VZ Investors
Simply Wall St.1d agoneutral
How Verizon’s Expanded 6G Innovation Forum Could Reshape the Network Platform Story for VZ Investors

Earlier this month, Verizon expanded its 6G Innovation Forum by adding nine major partners, including AWS, Cisco, Intel, MediaTek, NVIDIA and others, and showcased ISAC-based crowd sensing, drone and vehicle tracking, and AI-powered fan experiences that use 5G Advanced and edge computing as a stepping stone toward future 6G capabilities. This broad, multi-partner push into 6G architectures and network-native sensing underscores how Verizon is working to position its network as a platform for...

What’s Moving Markets Today?
The Wall Street Journal2d agoneutral
What’s Moving Markets Today?

U.S. stocks are rebounding from a sell-off driven by the Fed’s interest rate hike and high fuel prices. Major indexes are higher today: The Nasdaq is up around 1.5%, the S&P 500 gained 1% and the Dow industrials rose 0.

SK Hynix Stock Rises as Intel Ohio Talks Reignite Memory Trade
Benzinga2d agoneutral
SK Hynix Stock Rises as Intel Ohio Talks Reignite Memory Trade

Shares of SK Hynix Inc. (NASDAQ:SKHY) rose 3.5% to $181.00 in Thursday premarket trading, clawing back the entire advance the stock surrendered a day earlier as investors reconsidered a reported manufacturing tie-up with Intel Corp. (NASDAQ:INTC). Intel added 3.1% to $104.18 before the bell, building on Wednesday’s 4.0% close at $101.05. Reuters reported Wednesday, citing three people familiar with the discussions, that SK Hynix is in early talks with Intel about manufacturing memory chips on U.

SpaceX Stock Rises Again. AI Demand Isn’t Slowing Down.
Barrons.com2d agoneutral
SpaceX Stock Rises Again. AI Demand Isn’t Slowing Down.

AI demand just isn’t slowing down, and SpaceX stock was up again early Thursday. Shares of Elon Musk’s rocket and AI company were up 1.5% at $153.08 in premarket trading, while and futures were up 0.8% and 0.7%, respectively. SpaceX scheduled the 14th test flight for its huge, fully reusable rocket, Starship, which might have helped.

Intel (INTC) Could Be 80% Undervalued After SK Hynix Fab Talks
Simply Wall St.2d agoneutral
Intel (INTC) Could Be 80% Undervalued After SK Hynix Fab Talks

Intel (INTC) is back in focus after reports of talks with SK Hynix on using Intel’s U.S. fabs for memory production, a potential shift that directly links the chipmaker’s foundry ambitions with AI-driven demand. The latest report of talks with SK Hynix comes after a stretch of mixed trading for Intel, with a 1-day share price return of 4.03% and a 30-day share price return of 4.51%, but a 90-day share price return that has fallen 24.58%. Despite that pullback, momentum over the past year has...

Modi pitches India as global chipmaking hub
AFP2d agoneutral
Modi pitches India as global chipmaking hub

Prime Minister Narendra Modi pitched India as a new global hub for semiconductor production on Thursday, urging technology firms to invest in what he called a "reliable" location.Amidst these challenges, the semiconductor industry also needs new and reliable locations," Modi said.