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 …
Kioxia Holdings reported a 46-fold surge in profit attributable to owners of parent to ¥842.2 billion for the June quarter, with revenue rising to ¥1.767 trillion, but shares fell 18% on July 28 amid …
South Korea's KOSPI index surged 18% as investors returned to AI-related stocks, led by SK Hynix and Samsung Electronics, which staged strong recoveries after a punishing sell-off earlier in the week,…
Leopold Aschenbrenner's hedge fund Situational Awareness lost 67% in July, forcing it to sell most of its stock holdings to Ken Griffin's Citadel to meet margin calls, though the fund remains up about…
Samsung Electronics and SK Hynix, whose revenues make up 80% of the global memory sector, generated a combined operating profit of 150 trillion won (US$104 billion) in the June quarter, driven by AI d…
South Korea's Kospi index rose about 15 percent in three trading days after Microsoft and Amazon reports bolstered confidence in AI investments, led by Samsung Electronics and SK Hynix, which gained a…
South Korea's benchmark KOSPI surged 15 percent on Friday, after jumping as much as 17 percent earlier, following comments from Microsoft and Amazon that they plan to continue spending on AI infrastru…
Samsung Electronics and SK Hynix posted a combined 150 trillion won in operating profit for the quarter ended June 30, with Samsung reporting 89.5 trillion won and SK Hynix 60.5 trillion won, both rec…
Samsung Electronics and SK Hynix, whose revenues make up 80% of the global memory sector, generated a combined operating profit of 150 trillion won ($104 billion) in the June quarter, driven almost en…
Singapore chip stocks AEM and UMS Integration led a tech surge on Friday (Jul 31) as confidence returned to the artificial intelligence trade, with AEM rising as much as 12.5% to S$8.52 and UMS adding…
South Korea's Kospi index jumped 13.1% to 6,330.59 on Friday, led by a surge in AI-related stocks after a sharp sell-off earlier in the week. Samsung Electronics shares rose 19.3% and SK Hynix soared …