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Why US stocks are rising: Nasdaq leads Wall Street higher as AI stocks rally, inflation supports Fed pauseUS stock markets rallied on Wednesday, with the Nasdaq taking the lead in gains. Encouraging earnings reports from AI infrastructure compan...- US stocks: CoreWeave, Super Micro surge on signs of sustained AI buildoutCoreWeave and Super Micro have seen their stock prices soar to new heights amid a rising tide of demand for AI infrastructure. CoreWeave ha...
- Foxconn posts quarterly profit surge on AI server demandThe company said net profit for April-June reached NT$59.97 billion ($1.86 billion), up 35% from the previous year. Foxconn, whose official...
- Super Micro forecasts upbeat annual revenue on data center adoptionAI infrastructure firms have seen demand surge as tech and cloud companies ramp up data center investments to support AI applications.
- Is Microsoft overbuilding AI capacity? Bernstein says no, raises target price to $660Bernstein maintains an Outperform rating on Microsoft and raises its target to $660, citing disciplined AI infrastructure spending, flexibl...
- WhatsApp down? What we know about the latest outage as users report videos and photos getting stuckWhatsApp users globally faced challenges when attempting to send multimedia files, with reports flooding in from regions including India an...
- Former SK Hynix employee jailed for leaking information to a Chinese firm: ReportThe Seoul High Court made the ruling in an appeal case against the defendant, upholding the lower court's sentence, for leaking classified...
- SK Hynix board approves $38 billion investments for South Korea's Yongin, Cheongju chip plantsThe company said Yongin's "Y2 fab" is the second of four fabrication plants planned for the cluster and will serve as a production base fo...
- Global Market: SK Hynix approves $38.3 billion investment plan through 2031 to expand AI chip productionSK Hynix approved investments of 54.3 trillion won through 2031 to expand semiconductor production, targeting rising AI-driven demand. Fund...
- China launches cybersecurity review into Palo Alto Networks productsChina initiated a cybersecurity review of Palo Alto Networks products. The regulator cited critical information infrastructure and national...
- Gracenote anchors global AI development in India, unveils MCP server for entertainment discoveryGracenote's India technology center is leading the company's artificial intelligence development efforts. This includes a new Model Context...
- Andhra govt eyes up to Rs 9 lakh crore investment in Visakhapatnam Economic RegionThe Andhra Pradesh government plans to attract Rs 9.3 lakh crore for the Visakhapatnam Economic Region. State investment will range from Rs...
- AMD forecasts strong revenue growth on AI chip demand, but investors seek bigger gainsAMD Earnings Report: AMD beat quarterly revenue and earnings estimates while forecasting stronger-than-expected Q3 sales, driven by AI chip...
- AMD's AI-powered revenue forecast fails to wow investorsYet, its shares fell nearly 9% in extended trading, suggesting that investors were looking for an even stronger outlook after the stock mor...
- Circuit breaker: PCB supply crunch could cut electronics output by 40% within 3 monthsIndustry body India Printed Circuit Association (IPCA) plans to write to the Centre, state governments, and banks within the next few days,...
- Anthropic taps Amazon Bedrock for Claude's local data processingAnthropic will soon offer in-country inference for its Claude AI models in India. This means customer requests will be processed on Indian ...
- Credit to tech infrastructure sector doubles in two yearsBank loans for India's technology infrastructure sector have doubled in two years. This growth reflects India's position as a global hub fo...
- Anthropic's Claude to infer, process data locally on Indian servers for local customersAnthropic will offer its Claude AI service to Indian customers through local Amazon Web Services servers. This move addresses a key demand ...
- Railway officer's wife runs coaching class on how to cheat in promotion exam: Four candidates score unusually high marks; CBI says she teaches how officials will help during the testRailway officer's wife ran coaching classes that allegedly taught candidates how cheating would be facilitated in a Western Railway promoti...
- Samsung AI demand drives record chip earnings amid foundry and mobile hurdlesSamsung's semiconductor business achieved record second-quarter performance driven by AI server memory demand. However, its foundry operati...
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