Apple has lobbied the Trump administration for permission to buy memory chips from Chinese manufacturer ChangXin Memory Technologies (CXMT), which is blacklisted by the Pentagon, as the AI boom drives…
OpenAI began a limited preview of its GPT-5.6 series, renamed Sol, Terra, and Luna after US government consultations, signaling tighter national security oversight of advanced AI. Meanwhile, China's 6…
Apple is lobbying the Trump administration for approval to purchase DRAM chips from Chinese manufacturer ChangXin Memory Technologies (CXMT) amid a global memory shortage and rising prices. The move p…
Micron Technology reported record Q3 2026 revenue of $41.5 billion, driven by demand for high-bandwidth memory used in AI systems, and sold its entire 2026 HBM production under long-term contracts. Th…
Alphabet lost approximately $270 billion in market value in a single trading session in June 2026, driven by concerns over competitive positioning against OpenAI and Anthropic, triggering a global sel…
US equity markets reversed morning gains in the final hour of trading, with the S&P 500 falling 0.1% and the Nasdaq dropping 0.4%, driven by semiconductor selloffs and growing concerns over AI investm…
Amazon Web Services raised prices for EC2 Capacity Blocks for ML by roughly 20% starting in July, following a 15% increase in January, citing supply and demand dynamics. The hikes reflect memory chip …
The AI boom may be entering its final stages as stock volatility surges and companies rush to raise cash, with analysts at Capital Economics warning of an equity bubble close to bursting. The Nasdaq h…
Micron Technology reported fiscal Q3 2026 revenue of $41.46 billion, a 346% year-over-year surge driven by AI memory demand, with non-GAAP EPS of $25.11 beating estimates. The chipmaker guided Q4 reve…
Apple raised prices up to 25% across Macs and iPads due to soaring memory costs driven by AI infrastructure demand. Analysts warn of further iPhone price hikes and a new normal of higher electronics p…
Micron Technology reported fiscal Q3 2026 earnings on June 24, projecting that the global memory chip shortage will persist beyond 2027 due to surging AI demand for high-bandwidth memory and DRAM, con…
South Korea's KOSPI index has surged nearly 200% year-on-year, driven by AI chip demand that propelled Samsung Electronics and SK Hynix to record highs. The two companies now account for 40% of the in…
South Korea's KOSPI crashed nearly 10% on June 23, triggering a circuit breaker, after Broadcom's Q3 AI chip guidance of $16 billion missed Wall Street's $17.2 billion estimate. The miss exposed the f…
HSBC raised its price target on Micron Technology to $1,700 from $1,100, marking the fifth increase this year, driven by surging AI memory demand. Micron's fiscal third-quarter revenue hit $41.46 bill…
Apple warned that memory chip shortages are forcing it to hike product prices, triggering a sharp sell-off in Asian tech stocks. South Korea's Kospi fell 6.9%, Japan's Nikkei 225 dropped 4.3%, and Tai…
Apple and Microsoft raised prices on MacBooks, iPads, and Xbox consoles in late June 2026 due to memory chip costs quadrupling since 2025, driven by AI data center demand. Apple increased prices by up…
Micron Technology reported a 346% surge in quarterly revenue and a profit of $28.2 billion, far exceeding analyst expectations and sending its stock up 15%. The results helped stabilize markets after …
Emerging-market stocks fell over 2% on June 23, the steepest drop since May 15, led by a tech selloff that sent South Korean chip giants Samsung and SK Hynix plunging more than 12%. The decline was tr…
Samsung Group plans to invest $646 billion over the next decade in semiconductors and AI data centers, marking one of the largest corporate investment commitments in South Korea's history. The investm…
Apple raised prices on Mac, iPad, and home devices on June 25, citing unsustainable memory chip costs driven by AI demand, triggering a selloff in Asian technology stocks. Apple shares dropped up to 6…