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…
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…
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…
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…
Anthropic Files Confidentially for IPO in Test of AI Economics
Anthropic has submitted a confidential registration statement to the Securities and Exchange Commission for an initial public offering, according to people familiar with the matter, placing the most closely watched…
Nvidia and SK Group Set to Announce AI Alliance as Huang Warns of Multi-Year Shortages
The dinner in Seoul ended with a promise of substance to follow. On Monday, Jensen Huang, chief executive of Nvidia, and Chey Tae-won, chairman of SK Group, are scheduled to…
OpenAI Chip Engineer Clive Chan Joins Anthropic
The roster notice was short, but the message carried. Clive Chan, a senior engineer who helped launch OpenAI’s effort to design its own chips, has left the company and this…
Trump Confirms Talks With OpenAI on Government Equity Stake
The proposal had circulated privately for months. This week it was confirmed in public: President Trump said he is discussing with OpenAI chief executive Sam Altman the possibility of the…
Alphabet Expands Equity Raise to $85 Billion
The offering grew a second time in as many weeks. Alphabet raised the size of its planned equity raise from $80 billion to $85 billion, according to people familiar with…
Meta Weighs Multibillion-Dollar Share Sale to Fund AI Spending
The message to shareholders was blunt. Meta Platforms is considering raising tens of billions of dollars through a large sale of new shares to fund artificial intelligence investment, the Financial…
