Tesla reported weaker-than-expected Q2 earnings per share despite revenue topping estimates, causing its stock to slide. The company faces rising operating costs due to AI and R&D investments, a strategic shift towards Robotaxi and Optimus robots, and increased competition from Chinese EV makers.
Nvidia's stock has dropped 15% despite growing revenue, as memory chip makers like Micron have seen their value surge. Data centers now face a memory bottleneck, shifting investor focus from GPUs to DRAM.
South Korean chipmaker SK Hynix, a key player in AI memory, is set to list on the Nasdaq, aiming to raise $29 billion for U.S. expansion, including a new Indiana factory. The company's stock has surged over 700% in a year, driven by high demand for its advanced memory chips used by Nvidia.
Renewed fighting between the US and Iran has caused crude oil prices to jump 7% and stock prices to fall significantly. The escalation threatens market volatility and could impact Federal Reserve interest rate decisions.
Renewed fighting between the US and Iran has caused crude oil prices to jump 7% and stock markets to fall. President Trump declared an end to a ceasefire, leading to US military strikes on Iranian targets. This escalates global market volatility and adds pressure on the Federal Reserve.
Tencent, Alibaba, Meituan, and Xiaomi are initiating large share buy-back programs to counter low stock prices and investor skepticism. Analysts suggest the sector may be nearing a bottom, with companies using buy-backs and leadership appearances to restore market confidence.
TD Cowen reduced its price target for MicroStrategy (MSTR) to $260 from $400, citing Bitcoin's ongoing weakness. The firm also noted MicroStrategy's new capital management framework, which aims to bolster cash reserves and investor confidence.
South Korea's nominal GDP growth is projected to exceed 10% due to tech giants like Samsung and SK Hynix. However, a senior economic policymaker expressed concern that the boom's benefits are not reaching small businesses and retail sectors, leading to store closures and failures.
SpaceX shares dropped over 6% on Thursday, falling to $178.50, as investor enthusiasm waned after a strong IPO debut. The decline puts the company's $2.52 trillion valuation under pressure, potentially shedding over $150 billion. This follows a week of significant gains and investor reassessment of long-term prospects amid increased AI spending.
South Korea's KOSPI index surpasses 9,000 points for the first time, driven by a technology rally led by Samsung Electronics and SK hynix, with the index soaring over 110% this year amid optimism over an interim US-Iran peace deal.
China's securities regulator announced a crackdown on stock market manipulation and illicit activities related to artificial intelligence themes, citing concerns over market abuse and potential bubbles fueled by the AI rally.
Zhipu AI released GLM-5.2 with a 1-million-token context window, significantly undercutting Western AI models on price. The company's Hong Kong-listed stock surged by up to 48% following the announcement.
SpaceX's market debut successfully raised $75 billion by selling 555.6 million shares. A greenshoe option mechanism could allow Morgan Stanley to purchase an additional 83 million shares, potentially increasing the total raised by $11.2 billion, depending on stock performance.
South Korea's livestock product prices surged nearly 6% in May year-on-year due to disease outbreaks and reduced supply. While agricultural products saw a decline, food and dining prices also increased, with potential further rises expected due to global factors.
Despite a strong Google I/O showcasing AI advancements, Alphabet's stock fell 2%. Bank of America maintains a 'buy' rating, citing leading product innovation, but acknowledges unresolved monetization questions and projected drops in free cash flow due to increased capital expenditure.
Hive Digital Technologies' stock price surged 26% after announcing a 320 MW AI data center in the Greater Toronto Area. The "sovereign AI infrastructure" project aims to keep data and processing within Canada, with an estimated cost of C$3.5 billion.
Many S&P 500 companies citing AI for layoffs have seen stock declines, with an average drop of 25% for those affected. Investors struggle to discern AI's true impact amid "AI washing" and other economic pressures.
South Korea's KOSPI index briefly surpassed 8,000 points, driven by optimism in AI and strong tech earnings, marking a 90% surge since the start of the year.
State Bank of India reported a 6% rise in Q4 FY26 net profit to Rs 19,684 crore, driven by improved asset quality and lower bad loans. Despite this, total income saw a slight decline, and net interest margins compressed, leading to a drop in operating profit and a subsequent fall in SBI's stock price.
SEOUL, May 6 (Yonhap) -- South Korea's main Korea Composite Stock Price Index (K...
Microsoft is offering voluntary retirement to about 8,750 US employees, marking the first time in its 51-year history. The move comes amid a stock price decline and increased AI infrastructure spending, aiming for a softer approach than previous layoffs.
Microsoft is offering voluntary retirement to approximately 8,750 US employees (7% of its 125,000-person American workforce) — the first such program in the company's 51-year history. Eligibility requires employees to have age plus years at Microsoft equal 70 or higher, be at senior director level or below, and not be on a sales incentive plan. The move represents a strategic shift from blunt layoffs (which totaled over 15,000 last summer alone) to a softer approach as the company faces pressure from a declining stock price and heavy AI infrastructure investments. Eligible employees will be notified May 7 with 30 days to decide.
HCL Technologies shares fell over 10% on Wednesday after missing quarterly earnings expectations and providing weak FY27 growth guidance. Multiple brokerages downgraded the stock or cut target prices, citing concerns over discretionary spending, AI-driven deflation, and project cancellations.
