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Asia-Pacific markets trade mixed as investors assess U.S.’ 15% tariffs on South Korea; await Bank of Japan’s rate decision
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Thursday. Japan’s Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday). In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 benchmark fell […]
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Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club
Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025. Jason Redmond | AFP | Getty Images The $4 trillion club has a second member, at least based on after-hours trading. Following a better-than-expected earnings report on Wednesday, Microsoft shares […]
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iPhone maker Foxconn joins $1 trillion AI data center market with new alliance
Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Foxconn on Wednesday said it is taking a stake in TECO Electric & Machinery Co., as it looks to supercharge its efforts to become […]
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Apple is facing pressure from Wall Street to figure out its AI strategy
Apple CEO Tim Cook and Senior Vice President of Software Engineering Craig Federighi speak during Apple’s annual World Wide Developers Conference at the company’s headquarters in Cupertino, California, U.S., June 9, 2025. Laure Andrillon | Reuters While its megacap tech peers are bragging about building island-sized data centers filled with Nvidia chips to power artificial […]
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Tom Lee’s Granny Shots ETF rakes in $2 billion in AUM just 9 months after inception
Tom Lee, managing partner and the head of research at Fundstrat Global Advisors, speaks on CNBC’s “The Exchange” on Oct. 31, 2023. Adam Jeffery | CNBC An ETF driven by Tom Lee, an unabashed bull on Wall Street with a big online fandom, just hit another milestone. His first exchange-traded fund Fundstrat Granny Shots US Large […]
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Samsung backs South Korean AI chip startup Rebellions ahead of IPO
The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. Rebellions South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up […]
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Europe sets its sights on multi-billion-euro gigawatt factories as it plays catch-up on AI
Data storage tapes are stored at the National Energy Research Scientific Computing Center (NERSC) facility at the Lawrence Berkeley National Laboratory, which will house the U.S. supercomputer to be powered by Nvidia’s forthcoming Vera Rubin chips, in Berkeley, California, U.S. May 29, 2025. Manuel Orbegozo | Reuters Europe is setting its sights on gigawatt factories […]
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Nvidia orders 300,000 H20 chips from TSMC due to robust China demand, Reuters reports
Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week. Chesnot | Getty Images Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the U.S. firm to change its mind about just relying on its existing stockpile. The Trump administration this month allowed Nvidia to resume sales of H20 graphics processing units […]
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China’s latest AI model claims to be even cheaper to use than DeepSeek
The World Artificial Intelligence Conference kicked off in Shanghai on Saturday, July 26, 2025. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese companies are making smarter artificial intelligence models that are increasingly cheaper to use, echoing key aspects of DeepSeek’s market-shaking breakthrough. Startup Z.ai, formerly known as Zhipu, announced Monday that its new GLM-4.5 […]
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Where is Nvidia? Chinese rivals take the limelight at major AI event in Shanghai
Key Points U.S. chip giant Nvidia didn’t have a booth at the World AI Conference that opened Saturday in Shanghai. Its China rival, Huawei, had a large display — focused on its Ascend AI chips — near the venue’s entrance. Tesla, Google, Amazon Web Services and Siemens were among the U.S. and European companies with […]
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