Five of 11 securities firms cut their target prices for Kakao on Monday after the company announced plans to split into two listed entities, Kakao AI and Kakao X, with Kiwoom Securities making the lar…
South Korea's KOSPI surged 4.40% to close at 7,096.89 on Thursday, reclaiming the 7,000 level for the first time in five sessions, after Alphabet raised its 2026 capital expenditure guidance to $195 b…
Kakao's turnaround efforts face mounting challenges as weak AI execution, slowing core businesses and escalating labor tensions cloud its growth outlook, Samsung Securities said on Monday, cutting its…
South Korean stocks tumbled nearly 6% on Friday as investors locked in profits after recent AI-led rallies, with the KOSPI losing 519.09 points to close at 8,411.21. The rout was driven by concerns th…
Qualcomm is reportedly in talks to acquire Tenstorrent, the AI chip startup led by chip architect Jim Keller, in a deal that could value the company at $8 billion to $10 billion. The discussions, repo…