Citadel, the hedge fund led by Ken Griffin with about US$71 billion in assets under management, has agreed to buy most of the stock portfolio of Situational Awareness, an AI-focused hedge fund run by …
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 plans to inject 20 trillion won (US$13.9 billion) into its sovereign wealth fund, the Korea Investment Corporation, for strategic investments in artificial intelligence, data centers and i…
Asian stocks rose Friday, with South Korea's Kospi Index surging over 14% as chip majors SK Hynix and Samsung Electronics rallied, reviving confidence in the artificial intelligence trade. The yen hel…
Amazon beat expectations for quarterly cloud sales growth, with AWS revenue jumping 37% to US$42.2 billion in Q2, and shares rose over 8% after hours. CEO Andy Jassy said AWS is booming and that capit…
Microsoft added nearly US$450 billion in market value on Jul 30, the largest one-day gain on record for a company, after forecasting stronger-than-expected cloud growth and signaling continued cash ge…
Wall Street ended sharply higher on Thursday, with the S&P 500 climbing 1.66% to 7,437.63, the Nasdaq gaining 2.78% to 25,122.18, and the Dow Jones rising 1.19% to 52,208.06, as Microsoft surged over …
US stocks opened higher on Thursday as Microsoft's forecast-beating results soothed investor concerns about massive AI spending by companies. The Dow Jones Industrial Average rose 1.01% to 52,114.27, …
The eurozone economy grew 0.4% in the second quarter, beating expectations of 0.2%, driven by surging AI investment and government spending, Eurostat data showed on Thursday. Annual growth accelerated…
Lloyds Banking Group reported a statutory pretax profit of £4.3 billion for the first half of 2026, up 23% from £3.5 billion a year earlier and above analyst forecasts of £4.12 billion, as CEO Charlie…
The US economy likely grew at a 2.1% annualized rate in the second quarter, supported by stronger consumer spending and robust business investment in AI infrastructure, according to a Reuters survey o…
Shares of Zhongji Innolight declined 2.3% in their Hong Kong debut on Thursday (Jul 30), after the Chinese maker of data centre optical parts raised HK$53.4 billion (US$6.8 billion) in the city’s bigg…
Asian stocks struggled for direction on Thursday after a US$2 trillion rout in South Korea's equity market and a divided US Federal Reserve left investors uncertain on interest rates. Chipmakers were …
Samsung Electronics expects AI chip demand to stay strong and supply to remain short in 2026, the company said on Thursday, after posting a more than 250-fold rise in semiconductor operating profit to…
Samsung Electronics reported a more than 250-fold rise in semiconductor operating profit to 89.2 trillion won in the second quarter, driven by AI chip demand, and warned that supply shortages could wo…
Dynamic AI pricing could mean fewer cheap airline seats for travellers as carriers like Delta Air Lines and Virgin Atlantic adopt the technology to change seat prices more quickly by weighing dozens o…
Microsoft's Azure cloud revenue rose 43% in the fiscal fourth quarter, the fastest growth since early 2022, topping analysts' estimates of 40%. CFO Amy Hood said growth will accelerate to about 45% in…
ChangXin Memory Technologies (CXMT) became mainland China's most valuable listed company after its shares surged over 500% on its Shanghai debut on Jul 29, pushing its market capitalization to 3.3 tri…
Chinese AI startup Moonshot's Kimi K3 open-weight model, unveiled on Jul 17, reportedly rivals frontier models from Anthropic and OpenAI at a fraction of the cost, suggesting China may not need to bui…
Meta Platforms gave a disappointing revenue forecast of US$61 billion to US$64 billion for the third quarter, with the mid line below the average analyst estimate of US$63.2 billion, intensifying inve…