Asian Chip Stocks Rebound After Wall Street’s Recovery
SEOUL — The circuit breaker that halted trading on the KOSPI on Monday was the kind of event markets do not forget quickly, and the rebound on Tuesday was the…
Broadcom, Apollo and Blackstone Line Up $35 Billion for AI Compute
NEW YORK — The joint announcement arrived on a Tuesday morning with numbers unlike anything the data-center financing business has seen. Broadcom, Apollo and Blackstone said they would create a…
Microsoft-Backed Chip Startup D-Matrix Begins Shipping AI Inference Chips
SANTA CLARA, Calif. — The benchmark that decided d-Matrix’s future ran in a company lab this spring. Engineers paired a pair of the startup’s Corsair accelerators with an Nvidia Blackwell…
Apple Overhauls Siri, Turns to Nvidia and Google in Cook’s Final WWDC
CUPERTINO, Calif. — Tim Cook walked onto the stage at Apple Park on Monday for the last keynote of his tenure as chief executive, and for more than an hour…
OpenAI, Anthropic and SpaceX Converge on a Record IPO Week
NEW YORK — The roadshow deck that Goldman Sachs bankers carried into investor meetings this month priced SpaceX at a fixed $135 a share, a figure that values the rocket…
Sanxing Electric Poised for State Grid Contract
A Chinese maker of grid equipment has emerged as the leading candidate for a contract with the country’s biggest power utility, in a small deal that says something large about…
Citi Raises S&P 500 Target to 8,100
Five days after the Nasdaq suffered its worst session since April 2025, Citi raised its year-end target for the S&P 500 to 8,100, according to CNBC. The call is the…
SoftBank Slides as Foreign Investors Exit Korean Tech
SoftBank Group fell more than 6 percent in Tokyo trading on Monday, one of the biggest declines among Asia’s technology stocks as a global selloff in AI names rolled through…
Chip Stocks Rebound After the Worst Selloff in a Year
Three sessions, three markets, one U-turn. Friday, the Nasdaq Composite fell 4.18 percent, its worst single day since April 2025. Monday morning, Seoul’s KOSPI index opened down more than 8…
Marvell to Join S&P 500 After AI-Driven Rally
S&P Global said Marvell Technology will join the S&P 500 index on June 22, replacing Pool Corp and Campbell’s, and the announcement turned a stock that had already been one…
