Micron's blowout earnings reveal the rising cost of the AI boom, with the memory chipmaker trading at a low P/E ratio due to expected profit surges. The company's pricing power benefits suppliers but …
Two prominent Chinese hedge funds, Wealspring Asset and Shanghai Banxia Investment Management Center, warned that the global AI stock boom is an unsustainable 'super bubble' poised to burst. Wealsprin…
Billionaire Mark Cuban urged AI companies and data center operators to win public support by directly engaging with artists, writers, and workers, rather than hiring celebrity spokespeople. In a lengt…
US equity funds saw $8.5 billion in outflows in the week through June 24, the first withdrawal in three months, led by a record $9.3 billion exit from technology funds as the artificial-intelligence t…
Asian technology stocks slumped after Apple raised prices for its products, stoking concern that rising component prices will curb demand for devices and slow the memory chip rally. South Korean memor…
Asian shares plunged Friday, with Japan's Nikkei 225 falling 4.4% and South Korea's Kospi dropping 7.7%, as traders sold to lock in profits from recent AI-driven rallies. The declines followed record …
SoftBank Group Corp.'s stock fell 12% after a report that OpenAI may delay its initial public offering until next year, dampening expectations of a financial windfall for the Japanese backer. The dela…
Chinese hardware tech stocks have surged 64% this quarter on AI infrastructure spending and government support, but earnings season will test whether valuations are justified. Analysts warn that share…
Major League Baseball proposed limiting most free agent contracts to five years and 15% of a team's salary cap, eliminating deferred compensation, in a plan likely to spark confrontation with the play…
The U.S. stock market ended mixed Thursday as Micron Technology surged 15.7% on strong earnings and AI demand, while Apple dropped 6.1% after raising product prices. The S&P 500 slipped less than 0.1%…
The Trump administration has asked OpenAI to stagger the release of its new model, GPT 5.6, over security concerns, according to a report. OpenAI CEO Sam Altman told staff the model will be released i…
Qualcomm unveiled a line of AI data center components and servers at its investor day, nearly doubling its fiscal 2029 non-handset revenue projection to $40 billion as it pivots from a smartphone chip…
Micron reported blowout third-quarter results and a better-than-expected outlook, sending its stock up 15%. The company is adopting long-term customer agreements with price floors to avoid the memory …