KOSPI Triggers Upside Circuit Breaker as Chip Stocks Rally
South Korea’s KOSPI index triggered an upside circuit breaker at the open Wednesday, surging 3.8% as memory stocks rallied, one day after the index had fallen sharply in a global…
Musk’s Wealth Sheds $363 Billion in One Month
Elon Musk’s personal fortune fell by about $363 billion in July, according to a report by China News Service, the steepest monthly decline for a billionaire in recent memory, as…
Apple’s Injunction Bid in the OpenAI Feud
Apple on Tuesday asked a federal court to stop OpenAI from building AI hardware on Apple technology, widening a trade-secrets fight that began with a handful of defecting engineers and…
Apple’s $10 Billion India Run
Apple’s sales in India crossed $10 billion for the first time in the 12 months through March, according to people familiar with the matter, a double-digit gain that puts the…
DeepX’s Fourfold Valuation Jump
DeepX Co., a South Korean designer of AI chips, has signed the first agreements in a Series D round that values the company at about 3.14 trillion won ($2.2 billion),…
Coldcard’s Random-Number Failure
More than 1,755 bitcoin, worth about $110 million at the time, have been drained from roughly 5,000 wallets whose security was supposed to be unbreakable. The wallets were created with…
Anthropic’s $10 Billion Cloud Bet
Anthropic has agreed to spend $10 billion on computing power from Volta, a cloud startup so new that most of the industry has never heard of it, according to people…
Amazon’s $3 Trillion Day
Amazon’s market value crossed $3 trillion for the first time on Aug 3, making it the fifth company to reach that level, as investors rewarded the company’s AI and cloud…
SpaceX’s $116 Billion Lockup Countdown
SpaceX reports its first earnings since going public after the market closes today, with a short position of about $23.6 billion hanging over the stock and $116 billion in lockup…
TSMC’s Kumamoto Recovery
When the 7.1-magnitude earthquake hit Kumamoto prefecture on Aug 2, the semiconductor industry held its breath. The quake killed 38 people and knocked out power to about 48,000 households, according…
