Dongfang Suanxin introduced its self-designed AI chip using a fully domestic supply chain to bypass restrictions on high-end technology.
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NuScale Power, Richtech Robotics, and Factorial Energy fell to 52-week lows on Monday amid a slew of company-related updates that weighed on their stocks.
(Bloomberg) -- Huawei Technologies Co. and Apple Inc. extended their lead atop China’s smartphone market in the June quarter, expanding their shipments as consumers opted to either buy premium devices or skip upgrades, according to IDC.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Figh
The space company is bulking up with a company that just signed a major deal with NASA.
SEOUL, July 14 (Reuters) - South Korea's ruling party is seeking to make it easier for chipmaker SK Hynix to set up ventures to build factories with outside investors — a move that follows a
Nvidia has more than halved the number of Asian customers authorized to buy its AI chips after creating a new "white list" of companies that have passed tougher compliance checks aimed at preventing the products from reaching China, the Financial Times reported on Monday. Nvidia did not immediately respond to a Reuters request for comment outside regular business hours. Under a renewed review, over half of Nvidia's previous customers, especially neo-cloud providers, were excluded, the report said, adding that companies that failed the initial review could make changes and reapply.
Airline company United Airlines Holdings (NASDAQ:UAL) will be announcing earnings results this Wednesday afternoon. Here’s what you need to know.
Financial services giant PNC (NYSE:PNC) will be announcing earnings results this Wednesday before market hours. Here’s what to look for.
Carr expressed his views on the Paramount-Warner Bros. Discovery merger, antitrust concerns and Disney’s DEI-related investigations.
TSMC, the world's largest manufacturer of advanced AI chips, will likely notch a fifth consecutive quarter of record earnings, driven by booming AI infrastructure spending. Analysts say 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. Its market capitalisation is now nearly double that of South Korean rival Samsung Electronics at around $1.97 trillion.
Stock market investors are heading into CPI week with a familiar playbook. The hope is that inflation cools off further and the Fed stays on hold, with robust earnings taking over as the next driver of the S&P 500. For perspective, the S&P 500 recently traded near 7,575, up about 10.7% year ...
(Bloomberg) -- SoftBank Group Corp. founder Masayoshi Son said that in the not-so-distant future, nuclear fusion technology will offer the most realistic solution for powering AI data centers’ ballooning needs. Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleHormuz Route
Growth in Asia’s fourth-largest economy is accelerating, driven by the continued semiconductor boom and policy measures.
(Bloomberg) -- Taiwan reported a roughly 80% profit from a nine-month-long intervention to support the island’s stock market following the Trump administration’s move to impose tariffs, though it has now exited its position.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With Apple
I'm convinced that you might know someone who went to Ikea for a lamp and came home three hours later with a car full of flat-pack boxes they didn't plan on buying. That's the Ikea effect. It's as if the maze-like stores are designed to make you forget you drove 45 minutes to get there. That's also ...
Jul. 13—OLYMPIA — Washington State Attorney General Nick Brown said Monday that a proposed $110 billion acquisition of Warner Bros. by Paramount would "raise prices, reduce consumer choice, and cost many Americans their jobs" as he announced a lawsuit to block the deal. Brown joined 11 other state attorneys general who allege the proposed merger would reduce competition for licensing basic ...
The social-media giant has flooded the market with its AI-enabled, camera-equipped smartglasses, much to the chagrin of privacy advocates.
Jefferies said Tesla’s growth and earnings deterioration are beginning to reverse ahead of its July 22 results.
SpaceX stock is trading at $145.30, about 8% above its $135 IPO price, according to Yahoo Finance at the time of writing. Interestingly, SpaceX stock climbed as high as $225.64 after its $135 IPO, according to Yahoo Finance reporting, indicating a peak post-IPO gain of about 67%, before sharply ...
The rapid growth of GLP-1 medications has reshaped the weight-management industry, prompting consumers to seek additional support beyond prescription treatments. As more Americans turn to medications such as Ozempic and Wegovy, demand has also grown for nutritional guidance, coaching programs, and ...
Almost every advanced AI chip on the planet is built in one place. Nvidia's Blackwell processors, Apple's silicon, custom accelerators for Meta and AMD — they all run through the same foundry in Taiwan. That foundry is Taiwan Semiconductor Manufacturing Company (TSM). TSMC is set to ...
Apple almost never sues, so when Tim Cook personally greenlit a complaint accusing OpenAI of stealing trade secrets and smuggling hardware prototypes out the door, Wall Street and Silicon Valley both took notice. The question now is whether the case disrupts OpenAI's IPO plans before a single share is priced.
Led by California, the states argue the deal is anticompetitive, would harm theaters and lead to price increases for TV bundles.
Wall Street remains divided on Circle Internet Group (NYSE: CRCL), with two major brokers moving their price targets in opposite directions, within days of each other. This comes as competition in the stablecoin market intensifies. Founded in 2013, Circle is best known as the issuer of USDC, ...
Q2 bank earnings kick off Tuesday with the biggest names on Wall Street reporting at once, and one senior analyst thinks the results could shock even the optimists. But his most interesting call has nothing to do with JPMorgan or Goldman.
Ross Gerber has run out of patience with Michael Saylor. The Gerber Kawasaki CEO and one of Tesla's most prominent public investors posted on Sunday in response to Saylor's latest Bitcoin content on X, a video captioned "The Right to Bear Arms", with a bluntness that left little room for ...
It's pushing into an adjacent market that's quite promising.
Futures on the major gauges fell after a brief peace between Iran and the US disintegrated.
(Bloomberg) -- Surrounded by the turquoise waters of the Atlantic and dotted with native fig trees, the archipelago of Fernando de Noronha is one of Brazil’s most coveted tourist destinations. Home to about 3,000 residents, it greets roughly 40 times that number of visitors each year, placing immense strain on an isolated power grid kept alive largely by boatloads of diesel fuel.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Tu
Chipotle Mexican Grill is launching its first restaurant in Mexico this week through a strategic partnership with Latin American operator Alsea.