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Shares of British engineering company Rotork surged 67% on Thursday after Swiss industrial giant ABB agreed to acquire the company for $5.5 billion in the largest acquisition in ABB’s history, extending a wave of foreign takeovers that is reshaping the UK stock market. The recommended cash offer eclipses ABB’s previous biggest acquisitions, including its $4.2… Continue reading Rotork jumps 67% as ABB seals record $5.5B takeover amid UK dealmaking boom

Nvidia’s latest Japanese collaboration may not change earnings forecasts overnight, but it offers a glimpse of where the chipmaker expects artificial intelligence to travel next. Fujitsu is bringing together FANUC, Yaskawa Electric and Kawasaki Heavy Industries to explore a physical-AI control platform using Nvidia technology, with applications across factories, logistics networks and hospitals. For investors,… Continue reading Nvidia stock: this quiet Japan deal could unlock NVDA’s next growth frontier

Asian stocks fell on Thursday as a renewed sell-off in chipmakers exposed the risk of sky-high expectations before TSMC’s quarterly results. South Korea bore the brunt, with the Kospi down about 6.4% as SK Hynix lost 11% and Samsung Electronics fell more than 8%. Japan’s Nikkei dropped almost 3%, while Hong Kong bucked the regional… Continue reading Kospi tumbles 6% as Asian markets brace for TSMC’s earnings test

SK Hynix stock fell as much as 11% in Seoul on Thursday, surrendering most of the previous session’s sharp rebound as another sell-off in memory and AI-hardware stocks spread across Asia. The reversal came after the company’s Korean shares surged nearly 13% on Wednesday. Its Nasdaq-listed depositary receipts moved in the opposite direction, falling about… Continue reading SK Hynix stock tumbles 11% again: when will this boom-bust cycle finally end?

The global semiconductor boom has hit a critical bottleneck in 2026 – a severe shortage of skilled chip design engineers. Tech giants are increasingly struggling to source human talent as they race to build custom artificial intelligence (AI) silicon. This has created a historic opportunity for Electronic Design Automation (EDA) firms as they are uniquely… Continue reading Chip design software dubbed a $3.7 billion opportunity: 2 stocks poised to benefit

IBM shares extended their sharp decline on Wednesday after suffering one of the biggest one-day selloffs in the company’s history, with analysts warning that changing corporate technology spending priorities could continue to weigh on the stock despite its long-term artificial intelligence ambitions. The shares fell more than 2.7% on Wednesday, adding to Tuesday’s 25% plunge… Continue reading Is IBM stock a buy after its historic 25% single-day crash? Here is what analysts say

US stocks closed higher on Wednesday as investors welcomed another softer-than-expected inflation report and a strong start to the second-quarter earnings season, while rotating out of semiconductor stocks and into large-cap technology names. The Dow Jones Industrial Average gained 150.25 points, or 0.29%, to close at 52,658.52. The S&P 500 advanced 0.38% to 7,572.42, while… Continue reading Dow rises 150 points as Big Tech leads gains after soft inflation data

President Donald Trump on Wednesday pledged to intensify US strikes on Iran as tensions over the Strait of Hormuz continued to escalate. Anthropic is reportedly preparing for investor meetings ahead of a potential IPO that could come as soon as October. Meanwhile, gold prices steadied after softer-than-expected US producer inflation data, and oil prices remained… Continue reading Evening Digest: Anthropic eyes October IPO, Trump escalates Iran strikes