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Taiwan Semiconductor Manufacturing Co. expects artificial intelligence to keep driving demand for its most advanced chips over the next few years, even as rising costs and the long buildout of US production capacity create challenges for the world’s biggest contract chipmaker. Chief Executive Officer C.C. Wei told shareholders in Hsinchu on Thursday that customers remain… Continue reading TSMC doubles down on AI growth as CEO sees demand staying strong

Nvidia and Hyundai Motor Group are in the final stage of talks to build a new artificial intelligence research and development hub in South Korea, according to a report by the Korea Economic Daily. Nvidia Chief Executive Jensen Huang is expected to visit Seoul this week and meet Hyundai Motor Group Executive Chair Euisun Chung… Continue reading Nvidia, Hyundai in final talks to build AI R&D hub in South Korea: report

Asian equities fell on Thursday as renewed fighting between the United States and Iran pushed investors back towards safer assets, even as oil prices eased after Israel and Lebanon moved to implement a ceasefire. MSCI’s Asia-Pacific ex-Japan index dropped 1.5%, while S&P 500 e-mini futures slipped 0.5%. South Korean shares, reopening after a break, fell… Continue reading Nikkei 225 sinks as US-Iran clashes spark fresh risk-off trade

Billionaire Elon Musk’s aerospace and technology giant, SpaceX, is on the verge of going live on Nasdaq under the ticker symbol “SPCX”. The company expects to sell about 555.6 million of its Class A shares at a fixed price of $135 each, raising $75 billion at an implied valuation of a staggering $1.77 trillion. And… Continue reading Investing in SpaceX stock via this fund dilutes the risk of direct ownership

US stocks closed lower on Wednesday as rising oil prices, climbing Treasury yields, and renewed tensions in the Middle East weighed on investor sentiment, ending the S&P 500’s nine-session winning streak. The Dow Jones Industrial Average fell 620.72 points, or 1.21%, to 50,687.07. The S&P 500 declined 0.74% to 7,553.68, while the Nasdaq Composite lost… Continue reading Dow drops 620 points as oil surge and Iran tensions hit stocks

Advanced Micro Devices (AMD) shares climbed on Wednesday as investors returned to the semiconductor sector, pushing the stock toward a market capitalization milestone that it has never previously reached. The chipmaker’s shares gained 4.02% to $542.52, after trading as high as $546.44 during the session. The advance put AMD on pace for a record closing… Continue reading AMD stock jumps as AI optimism pushes valuation toward $900 billion

Meta Platforms (META) shares rose more than 4% on Wednesday as investors assessed the company’s latest push to monetize artificial intelligence through a new business-focused AI agent platform. The gains came even as concerns over the company’s heavy spending on AI technology continued to weigh on broader investor sentiment. The social media giant introduced Meta… Continue reading Meta shares climb as AI agent strategy expands beyond advertising

Shares of Netflix (NFLX) fell on Wednesday, putting the streaming giant on track for its longest losing streak since late 2022, even as the company continues to expand its advertising business and maintain shareholder-friendly capital allocation policies. The stock declined 2.6% to $81.21 during Wednesday’s session, marking its eighth consecutive day of losses if the… Continue reading Netflix stock heads for worst losing streak in nearly four years

Navitas Semiconductor (NVTS) shares soared to a year-to-date high on June 3rd after the company teamed up with the Nvidia MGX™ Ecosystem to accelerate 800 VDC AI infrastructure. The deal centers on NVTS supplying “power delivery boards” that eliminate the 48V intermediate bus converter stage within compute server trays. It targets 97.5% peak efficiency at… Continue reading Nvidia MGX news makes Navitas stock more expensive than SpaceX at $1.7T