Zhongji Innolight opened at HK$971, about 0.9% below its HK$980 offer price, after raising HK$53.41 billion ($6.81 billion) in Hong Kong's largest share sale since Alibaba's 2019 secondary listing. Th…
Shares of Zhongji Innolight declined 2.3% in their Hong Kong debut on Thursday (Jul 30), after the Chinese maker of data centre optical parts raised HK$53.4 billion (US$6.8 billion) in the city’s bigg…
SK Hynix reported record quarterly revenue of 79.32 trillion won and operating profit of 60.54 trillion won for the second quarter, both missing consensus estimates by roughly 5%, sending shares down …
Intel shares rose 6% in premarket trading after the company issued third-quarter revenue guidance above Wall Street expectations and raised its annual capital expenditure forecast to $20 billion from …
U.S. stocks fell to multi-week lows on Thursday, led by the tech-heavy Nasdaq, due to jitters about the durability of the AI capex spree, as Alphabet reported negative free cash flow for the first tim…
Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 10% in after-hours trade, as an AI data centre buildout increases demand for its central processing units…
Demand for Wall Street deal toys is booming alongside a surge in global M&A and IPO activity, with AI-generated designs flooding manufacturers but often proving impractical to produce. Bob Bennett, ow…
Nokia reported comparable operating profit of €434mn for the second quarter of 2026, up 18% year-on-year and beating analyst forecasts of €382mn, as AI data-centre demand drove a doubling of cloud sal…
Tesla missed analysts' profit forecasts for the second quarter and reported negative free cash flow for the first time in over two years as Elon Musk's AI spending surged. Adjusted profit was 33 cents…
Super Micro Computer said on Tuesday it secured more than US$60 billion in new orders in the fourth quarter and expects gross margins of 15% to 17%, well above its earlier forecast of 8.2% to 8.4%, se…
Meta's latest smart glasses, launched in late June, have seen daily active users triple in a year and production capacity reach 20 million units in 2026, according to Jefferies. Analyst Brent Thill es…
Tesla is expected to report a negative free cash flow of $3.3 billion for the second quarter of 2026, its first quarterly cash burn in over two years, as surging capital expenditures on AI infrastruct…
TSMC is expected to report a record net profit of NT$632.6 billion (US$19.65 billion) for the second quarter, a 59% surge driven by booming global demand for AI infrastructure, according to an LSEG Sm…
Microsoft launched Frontier Company on July 2, a $2.5 billion operating unit embedding 6,000 engineers and industry specialists inside enterprise customers to ship production AI, betting that the AI d…
Global equity funds attracted $49.23 billion in net inflows in the week to July 8, the largest in three weeks, driven by strong demand for AI-linked technology products and cooling expectations for Fe…
Samsung Electronics reported a 19-fold surge in second-quarter 2026 operating profit to 89.4 trillion won, beating estimates, but shares fell up to 7.9% as investors questioned the sustainability of A…
Microsoft announced Microsoft Frontier Company, a new operating business focused on AI-driven transformation, backed by a $2.5 billion investment and 6,000 industry and engineering experts. The compan…
Microsoft launched Microsoft Frontier Company, a new business unit dedicated to AI-driven enterprise transformation, backed by a $2.5 billion investment and 6,000 embedded experts. The unit combines i…
Wayve Technologies, the $8.6 billion UK autonomous driving AI startup, has filed to sell shares on the London Stock Exchange’s Private Securities Market, with an auction scheduled for July 8, 2026. Th…
Microsoft announced new Copilot skills for Excel that automate processes like building discounted cash flows, alongside a plan mode for user oversight of AI actions. The features, available to paid Mi…