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Lightelligence turned what might have been a routine listing into a full-blown market spectacle on Tuesday, with its shares surging as much as 408% to HK$930 after pricing at HK$183.20 in Hong Kong. The scale of the jump immediately set it apart as one of the most explosive debuts in recent memory. The Shanghai-based photonics… Continue reading This AI IPO surged 400% on its Hong Kong stock market debut

The Nikkei 225 Index slipped a bit after the Bank of Japan (BoJ) delivered its interest rate decision amid the ongoing US-Iran war. It dropped to ¥59,920 on Thursday, down slightly from the year-to-date high of ¥60,592. Bank of Japan interest rate decision  Japanese stocks retreated as market participants reflected on the latest BoJ interest… Continue reading Here’s why the Nikkei 225 Index may surge despite hawkish BoJ tilt

OpenAI is discovering that scale in artificial intelligence does not automatically translate into momentum. As per a recent Wall Street Journal report, the ChatGPT maker has fallen short of internal goals for both new users and revenue in recent months. The misses include a target to reach 1 billion weekly active users by the end… Continue reading Why is OpenAI missing targets even as AI investment hits record highs?

Asian markets opened with a mixed tone on Tuesday, as Japan and South Korea attempted to extend a powerful technology-led advance, while the rest of the region moved cautiously. The broader mood was one of consolidation rather than euphoria. MSCI’s Asia-Pacific index outside Japan eased 0.12%, while Japan’s Nikkei slipped 0.5% after setting a fresh… Continue reading Kospi hits record as Asian markets mixed on tech rally and caution

US stocks ended mixed on Monday, with the S&P 500 and Nasdaq Composite closing at fresh record highs, while the Dow Jones Industrial Average edged lower as rising oil prices and geopolitical uncertainty tempered investor sentiment. The S&P 500 gained 0.12% to close at 7,173.91, while the Nasdaq Composite added 0.20% to settle at 24,887.10.… Continue reading Dow dips as S&P 500, Nasdaq hit records amid oil surge fears

Global markets and technology sectors saw significant developments on Monday, as OpenAI and Microsoft reworked their partnership to allow broader cloud distribution, China moved to block Meta Platforms’ planned acquisition of Manus, US officials weighed Iran’s latest proposal amid ongoing tensions, and oil prices surged on supply concerns linked to disruptions in the Strait of… Continue reading Evening digest: OpenAI-Microsoft shift, China blocks Meta AI deal

China’s order for Meta Platforms to unwind its $2 billion acquisition of artificial intelligence startup Manus is less about a single deal and more about a broader tension shaping the country’s tech strategy: how to build global champions without losing control. The episode highlights a recurring dilemma for Beijing. While policymakers want domestic firms to… Continue reading China’s AI ambitions face limits as Meta-Manus deal unravels

Shares of Snap Inc. rose sharply on Monday, as a combination of an analyst upgrade, restructuring plans, and improving revenue outlook boosted investor sentiment. The stock jumped as much as 8.39% trading after Rothschild Redburn upgraded Snap to Buy from Neutral and doubled its price target to $10 from $5. With shares previously trading around… Continue reading Snap stock jumps on upgrade, $500M cost cuts fuel profit hopes

Evercore ISI analysts led by Kirk Materne are heading into Microsoft’s (NASDAQ: MSFT) fiscal Q3 earnings on April 29th with a decidedly bullish outlook. Consensus is for the multinational to report $4.07 a share of earnings on $81.4 billion in revenue, indicating mid-to-late teens gains in both the top and bottom line. Ahead of the… Continue reading Microsoft earnings preview: will MSFT stock break its 100-day MA after Q3 print?