ChangXin Memory Technologies (CXMT), China's top memory chipmaker, raised 57.92 billion yuan (S$11 billion) in its Jul 27 Shanghai IPO, boosting its market valuation to 3.65 trillion yuan and making i…
Leopold Aschenbrenner's hedge fund Situational Awareness LP collapsed from $45 billion to roughly $10 billion in four trading days after margin calls forced liquidation, with Citadel buying its levera…
Citadel acquired approximately $16 billion in public equity holdings from Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness LP after margin calls from Bank of America, Goldman Sachs,…
Situational Awareness, the AI hedge fund founded by 24-year-old former OpenAI researcher Leopold Aschenbrenner, has lost 67% of its value in July amid a tech sell-off, forcing it to sell most of its p…
South Korea's exports surged 62.8% in July to $98.89 billion, beating economist forecasts, driven by a 179% jump in semiconductor exports and a 404% surge in computer exports, according to preliminary…
SK Hynix reported a record second-quarter operating profit of 60.54 trillion won, up 557% year-over-year, with revenue of 79.32 trillion won and an operating margin of about 76%, yet its stock sold of…
Citadel, the hedge fund led by Ken Griffin, acquired the bulk of a $16 billion public equities portfolio from AI-focused hedge fund Situational Awareness on July 30, 2026, after margin calls threatene…
Apple Inc. has raised prices on Macs by 15-20% and iPads by 15-25% as of June 2026 due to rising DRAM and NAND memory costs driven by AI demand, according to a report from Crypto Briefing. CEO Tim Coo…
Citadel acquired approximately $16 billion in distressed AI holdings from Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, on July 30, triggering a reli…
Bitcoin slipped below $63,000, shedding 3% in 24 hours, as a one-day relief rally in AI chip stocks fizzled, dragging crypto lower amid extreme fear. The Fear & Greed Index reads 25, down from 28 a we…
Situational Awareness, a US hedge fund founded in 2024 that bet heavily on AI supply chain stocks, saw its portfolio value plummet 67 per cent in July and was forced to sell billions of dollars in tec…
Samsung Electronics reported record quarterly revenue of ₩171.5 trillion ($118.7 billion) and operating profit of ₩89.5 trillion ($62 billion) for Q2 2026, up 130% and 1,812.4% year-over-year respecti…
All three major US indices climbed on a semiconductor-fueled rally after South Korea's KOSPI recovered from a dramatic selloff, with chip stocks leading the charge. Samsung Electronics and SK Hynix re…
South Korea's KOSPI index posted its largest single-day gain in history on Friday, jumping 1,001.89 points, or 17.91%, to close at 6,595.45, as SK Hynix surged 29.95% and Samsung Electronics climbed 2…
Apple CEO Tim Cook said on a late Thursday earnings call that the company faces a '100-year flood' in memory chip pricing, with exponential increases, prompting Apple to raise prices by $150 to $300 a…
Qualcomm's handset revenue fell 20% in the June quarter, contributing to a 4% overall revenue decline to $9.95 billion and a net income drop to $2 billion from $2.67 billion, with shares down 7.6% in …
Tim Cook's final Apple earnings call on Thursday revealed a $4.9 trillion company that has spent 15 years silencing dissent, bending to Beijing, and offshoring manufacturing, according to a critical a…
Reuters reports that AI-related stocks experienced volatility this week as SK Hynix posted a record sixfold leap in quarterly operating profit but missed forecasts, sending its stock down nearly 10%, …
SK Hynix surged nearly 13% and Samsung Electronics climbed approximately 8% on July 15, lifting the KOSPI index by 6.24% to close at 7,284.41, as renewed optimism around high-bandwidth memory chips fo…
Kioxia Holdings issued a disappointing earnings outlook after its June-quarter operating income of ¥1.27 trillion missed analysts' estimates, signaling that the AI-driven surge in flash memory prices …