South Korea’s Kospi Index jumped by over 4% on Friday, capping a highly volatile week that saw it plunge to 7,060, its lowest level since May 20. It remains in a local bear market after falling by 20% from its highest point this year.Samsung and SK Hynix jumpsThe main driver…
SK Hynix’s banks earned nearly $260 million in fees from the South Korean chipmaker’s US share sale, giving Wall Street a richer payday by percentage than last month’s record SpaceX listing.The fee pool shows how strongly banks can still monetise the AI capital-raising boom, even when headline economics look thinner…
easyJet share price will be in the spotlight today as a new bid from a giant American private equity company emerged. The stock ended Thursday at 588p, a few points below the weekly high of 621p.Apollo Global Management has placed a bid for easyJeteasyJet, one of the top discount airlines…
Broadcom’s latest challenge to Nvidia is not another processor designed to replace its market-leading GPUs.It targets the network that enables thousands of those processors to operate as a single computing system.DriveNets on July 1 unveiled two AI-networking platforms built around Broadcom’s Tomahawk 6 switch chip.The systems promise faster connections with…
They may not be the obvious, high-ticket components driving the AI boom like GPUs and memory chips, but data centres’ soaring computing requirements have triggered a sharp rise in demand, with the shares of their manufacturers increasingly reflecting that growth.The component in question is the multilayer ceramic capacitor, or MLCC.Often…
OpenAI and Google have confirmed that they supplied advanced artificial intelligence services to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent, companies that the US government has accused of having links to China’s military.The disclosures have renewed debate over whether Washington should tighten export controls on advanced AI models in addition…
Vodafone shares jumped nearly 13% on Friday. The surge came after UAE telecom operator e& agreed to sell its entire stake in the British telecom company. The buyer is Vega, an investment vehicle wholly owned by the family group of French billionaire Xavier Niel. The deal is valued at nearly…
SK Hynix’s American depositary shares are set to make their Nasdaq debut after the South Korean memory-chip giant priced 177.9 million ADSs at $149 each, raising about $26.5 billion.Each ADS represents one-tenth of a Seoul-listed common share, giving US investors direct access to one of the biggest beneficiaries of the…
The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even as hiring slowed sharply in June.Initial claims for state unemployment benefits fell by 2,000 to a seasonally adjusted 215,000 in the week ended July 4, the Labor…
Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its lowest level this month. It remains in a local bear market after falling by 20% from its highest point this year. So, will it rebound and retest…