SK Hynix Shares Flash-Crash Again on Nextrade, KOSPI Falls 4.6%
The circuit breaker tripped before the Seoul market had even opened. On Nextrade, South Korea’s alternative trading platform, SK Hynix shares plunged 30% in pre-market trading on Wednesday, triggering a…
Meta Launches Muse Code, Entering the Coding-Agent Race
Mark Zuckerberg did the launch himself. On Wednesday, the Meta chief executive took to his social platforms to demonstrate Muse Code, the company’s new terminal-based coding agent, now in beta.…
TSMC Sits on $1 Billion in Finished Apple Chips as DRAM Shortage Bites
Inside TSMC’s fabs, the work is done. The 2-nanometer chips Apple ordered are manufactured, tested and packed, worth roughly $1 billion, or about NT$32 billion. And there they sit, because…
Samsung Unveils Z Fold8 Lineup and Watch9 in Seoul
The stage in Seoul was set for a statement. Samsung on Wednesday unveiled three foldables and two watches: the Galaxy Z Fold8 Ultra, the Fold8, the Flip8, and the Watch…
Tesla Starts Mass Production of Megapack 3 Storage Units
The first units were rolling off the line this week, and for Tesla’s energy division the moment was a long time coming. Megapack 3, the company’s next-generation grid-scale storage product,…
For AI Stocks, Beating Estimates No Longer Enough
Palantir’s shares jumped 29% on Tuesday, a day after the software company reported quarterly revenue up 93% and raised its full-year forecast by $500 million. Hours earlier, AMD had reported…
Bezos Sells Amazon Shares in First Disposal of the Year
Jeff Bezos sold nearly $350 million worth of Amazon.com stock this week, his first sale of the company’s shares this year, according to a Form 4 filing submitted to the…
SpaceX’s First Earnings Show Revenue Surge and AI Spending Fears
SpaceX reported its first quarterly results since its public listing on Tuesday, showing revenue up 92% and a narrower net loss, but the stock fell as much as 12% at…
SpaceX Amasses $19.6 Billion Spectrum Stash, Rattling U.S. Carriers
Shares of AT&T, Verizon and T-Mobile fell in pre-market trading Tuesday after a Reuters report detailed how much wireless spectrum SpaceX has quietly assembled for a ground network to complement…
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…
