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Chinese artificial intelligence startup DeepSeek is set to raise about 50 billion yuan, or $7.4 billion, in its first funding round. The deal could value the company at between 350 billion yuan and 400 billion yuan, equivalent to about $52 billion to $59 billion, the people said. The fundraising, if completed, would mark a major… Continue reading DeepSeek nears $7.4 billion raise at valuation of up to $59 billion

South Korea’s Kospi Index continued its remarkable bull run this week, hitting another record high on Wednesday. It jumped to 8,900 KRW, bringing its 12-month gains to 220%, solidifying its status as the world’s best-performing stock market. Goldman Sachs sees Kospi Index jumping 40% The Kospi Composite Index has been in a strong bull run… Continue reading Kospi Index can jump 40%, Goldman forecasts, as key risks remain

Asian stocks advanced unevenly on Wednesday as Japan’s Nikkei 225 jumped 2.14% to a record high, even as oil-market tension and patchy regional data kept investors from calling it a clean risk-on session. The broader Topix rose 1.52%, helped by Wall Street’s latest record run and sustained enthusiasm for AI-linked shares. Elsewhere, the picture was… Continue reading Nikkei 225 surges to fresh peak while Asian markets send mixed signals

The unprecedented scale of upcoming initial public offerings (IPOs) from SpaceX, Anthropic, and OpenAI could mean near-term turbulence for the US stock market, says Steve Brice, global chief investment officer of wealth solutions at Standard Chartered. Why? Because these mega-cap market debuts will likely present “digestion challenges,” he argued in a recent CNBC interview, adding… Continue reading Standard Chartered says SpaceX, Anthropic, OpenAI IPOs will weigh on stock market

US stocks closed higher on Tuesday as investors balanced continued enthusiasm for artificial intelligence-related investments against ongoing uncertainty surrounding US-Iran negotiations and rising geopolitical tensions in the Middle East. The Dow Jones Industrial Average rose 237 points, or 0.46%, to close at 51,316.01, setting a new record high. The S&P 500 added 0.13% to finish… Continue reading Dow hits record high as AI rally offsets US-Iran tensions on Wall Street

Coherent and Lumentum Holdings shares surged on Tuesday as investors piled into optical networking stocks. The rally followed comments from Nvidia Chief Executive Jensen Huang, highlighting the growing importance of optical interconnects in artificial intelligence data centers. The rally came alongside a sharp gain in Marvell Technology shares after Huang suggested the chipmaker could become… Continue reading Why Coherent and Lumentum stocks jumped on Tuesday

Marvell Technology (MRVL) ripped higher this morning as Nvidia’s chief executive Jensen Huang signalled the company could be “the next trillion-dollar opportunity” at the Computex conference in Taipei. According to Cantor Fitzgerald’s senior managing director, CJ Muse, however, Huang’s comment was more cheerleading than forecast – and investors hunting for real AI upside should be… Continue reading Jensen Huang’s comment on Marvell stock ‘figurative, not literal’: CJ Muse argues

Shares of major US exchange operators extended their decline on Tuesday as investors assessed the potential impact of newly approved cryptocurrency perpetual futures contracts. Analysts say the move could reshape competition across derivatives markets and create new challenges for established exchange operators. The selloff followed the Commodity Futures Trading Commission’s decision to clear the way… Continue reading US exchange stocks slide as crypto perpetual futures threat looms

Virgin Galactic shares (SPCE) plunged on Tuesday, reversing part of a dramatic rally that had made the stock one of the biggest gainers among space-related companies in recent weeks. The stock fell as much as 38%, marking its steepest one-day decline on record, after the space tourism company announced plans to repay debt by issuing… Continue reading Virgin Galactic stock crashes 38%: Here’s why investors are selling