Hon Hai Precision Industry Co Ltd
Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Asian chip stocks rose on Tuesday after Nvidia closed at a record high overnight as the chip company continues to ride the massive artificial intelligence wave. Stocks tied to Nvidia suppliers as well as other […]
Read More
CNBC Daily Open: Fear is the stock killer
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
Read More
Foxconn beats estimates with record third-quarter revenue on AI demand
Hon Hai Group’s headquarters in Taipei, Taiwan. Ceng Shou Yi | Nurphoto | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence servers. Revenue for Apple’s biggest iPhone assembler jumped 20.2% year on year to 1.85 trillion Taiwanese dollars ($57.3 billion). “The result exceeded the […]
Read More
Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Asian chipmaking heavyweights extended Wall Street’s rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling’s outlook. The founder of the artificial intelligence […]
Read More
Taiwan jumps almost 3% as tech stocks rally, leading Asia-Pacific markets higher
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street fueled by a tech rally. Japan’s Nikkei 225 jumped 2.77% and the broad-based Topix advanced 1.91%. Semiconductor related stocks Tokyo Electron rose 3.56%, Advantest […]
Read More
Asia-Pacific markets set to open lower after gains on Wall Street
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets are set to open lower on Wednesday, despite gains on Wall Street ahead of the U.S. August consumer inflation report due Wednesday. Traders in Asia parsed key economic data from Japan and South Korea. […]
Read More
Asian chip stocks fall after Nvidia sell-off on Wall Street overnight
Key Points Chip and tech stocks across Asia opened sharply lower Wednesday morning, following a steep plunge in Nvidia’s share price in the U.S. overnight. Source
Read More
Tech stocks in Asia fall amid broad declines in the region after Nvidia results
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results […]
Read More
CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
Read More
Most Asia-Pacific markets rebound after sell-off as investors assess Tokyo CPI, await U.S. inflation data
Center street shibuya. David Gee | Moment | Getty Images Asia-Pacific markets mostly rebounded Friday, after Thursday’s sell-off saw some indexes in the region hit their lowest level in months. In Asia, traders assessed July inflation data out of Japan’s capital city of Tokyo, which is widely considered a leading indicator of nationwide trends. Tokyo’s […]
Read More