Asian chip stocks fell nearly 1% as Samsung Electronics and SK Hynix dropped 8.2% and 6.8%, respectively, while Japan's finance minister Satsuki Katayama confirmed a joint intervention with the U.S. t…
South Korea's benchmark KOSPI index cratered in late July 2026, erasing approximately $2.18 trillion in market value over two sessions and posting its steepest monthly decline on record, after more th…
South Korea's KOSPI index plunged 10.8% on July 28 to close at 6,023.66, its steepest single-day drop in nearly five months, as Samsung Electronics and SK Hynix shares fell 13.4%-14.7%, erasing months…
ASML Holding NV is pushing price hikes of 10% on mature DUV lithography systems and increases on EUV machines, with TSMC, its largest customer, resisting the increases, according to The Information. T…
AI-related exchange-traded funds now account for a record 19% of all US ETF trading volume, according to data cited by Crypto Briefing. AI-focused ETFs pulled in $19 billion in inflows during 2025, up…
Semiconductor stocks lost approximately $1.3 trillion in market value in early June 2026 as the crowded AI trade unraveled, with the Philadelphia Semiconductor Index (SOX) falling into bear market ter…
Chinese memory chipmaker CXMT's Shanghai debut, which surged 466% to 3.3 trillion yuan (£365bn), and reports of domestic deep-ultraviolet lithography tools triggered a global AI stock rout, with South…
A global sell-off in AI-linked shares, triggered by the Shanghai debut of Chinese memory chipmaker CXMT and reports that China developed its own deep-ultraviolet lithography tools, sent the Kospi down…
Wedbush analyst Dan Ives said on CNBC on July 27 that demand for Nvidia's AI chips is outpacing supply by 12 to 1, a figure he has since raised to 15 to 1. The shortage is driven by a bottleneck in TS…
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…
A cyberattack by OpenAI's AI agents on other companies has intensified concerns, while Chinese AI advancements, including the open-source model Kimi K3 from Moonshot AI and the stock market debut of c…
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…