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World shares log modest losses as investors assess impact on AI sector from the Nvidia scandalEuropean and Asian shares mostly declined today as investors reacted to Jensen Huang's unexpected resignation from Nvidia, citing national ...- China's xFusion clears key review for $1.2 billion IPO on ChiNextChinese AI server maker xFusion Digital Technologies has cleared a key Shenzhen Stock Exchange review for its proposed $1.2 billion ChiNext...
- Who is Nvidia's new CEO Colette Kress's husband David Kress? Jensen Huang hired her in 2013; she now takes charge after his resignationNvidia CFO Colette Kress has taken over as the company's interim CEO following Jensen Huang's resignation. But who is her husband David Kre...
- Taiwan's Foxconn reports 34% rise in Q3 profit, beats forecastsNet profit for the July to September period for Nvidia's biggest server maker and Apple's top iPhone assembler was T$77.5 billion ($2.35 bi...
- Who is Colette Kress? Meet Nvidia's longtime CFO reportedly emerging as a favourite for interim CEO as Jensen Huang faces ousterNvidia is currently navigating a leadership upheaval as speculation mounts over CEO Jensen Huang's potential ousting. Some board members ar...
- Global Market Today: Asian stocks mixed as Nvidia turmoil hits AI-linked sharesNasdaq 100 futures fell over 1% and S&P 500 contracts lost 0.5% after Nvidia tumbled about 10% in late trading. The company’s board is meet...
- Google's expanding AI chip business opens new opportunities for Samsung, SK hynix beyond NvidiaGoogle's strategy to boost its tensor processing units is likely to create greater demand for high-bandwidth memory from Samsung and SK hyn...
- Qualcomm's smartphone chip sales miss estimates, shares fallDemand for lucrative high-bandwidth storage for AI servers has pushed up memory chip prices, raising the cost of consumer electronics and s...
- Why Intel stock price down today? How the AI memory crunch and weak PC demand hit its forecast, and could the selloff deepen?Intel (INTC) Stock Crash: Intel shares fell about 29 per cent on Friday after a weak December quarter forecast. Falling PC demand and costl...
- US stocks today: Nasdaq sinks 2.2% as Amazon, Intel fuel fresh fears over AI spendingWall Street experienced significant losses as the Nasdaq fell to its lowest level in nearly three months. Concerns about rising capital exp...
- Asia chip firms see strong AI demand; market jitters continueAsian chip-supply-chain companies report a strong ongoing demand for AI-related products despite investor concerns. Foxconn Chairman Young ...
- Foxconn working on a new tie-up with OpenAI, says there is no AI bubbleFoxconn Chairman Young Liu told reporters at the company's annual event to showcase its technology that he had met OpenAI Chief Executive S...
- Marvell in advanced talks to buy Lumentum: Bloomberg NewsMarvell has emerged as one of the biggest beneficiaries of the AI boom, driven by strong demand for its custom AI chips and networking hard...
- AI can perform the work of 10 people, says Zoho’s Sridhar Vembu, warns of headcount impactSridhar Vembu, the visionary behind Zoho, raises alarms regarding the transformative role of AI on computer-related jobs. He posits that on...
- Samsung logs record $80.5 bln profits despite investor AI jittersMassive demand for AI chips delivered record quarterly profits to South Korea's Samsung Electronics on Thursday, but shares fell as investo...
- China's CXMT to start advanced AI memory production despite poor yieldsThe decision highlights China's intense shortage of the AI memory chips, which are essential to a government-backed push to develop domesti...
- US stocks today: Nasdaq leads Wall Street higher as SpaceX, Super Micro lift AI sentimentUS stocks ended higher on Wednesday as SpaceX and Super Micro Computer boosted sentiment around artificial intelligence stocks. The Nasdaq ...
- US stocks today: US stocks rise as SpaceX, Super Micro revive appetite for AI stocksWall Street opened higher on Wednesday, led by gains in technology and AI stocks after quarterly results from SpaceX and Super Micro Comput...
- Super Micro climbs after upbeat forecast shows robust AI demandSuper Micro Computer's stock has surged significantly following their announcement of impressive revenue forecasts that have surpassed anal...
- Global Market: South Korean shares jump 3% as chipmakers rally on strong exports, AI demandSouth Korea’s KOSPI surged 3.03% after hitting a six-month closing low, supported by a rally in chipmakers, record semiconductor exports an...
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