SpaceX is acquiring Anysphere, the company behind the AI coding app Cursor, for $60 billion. This deal comes as SpaceX surpasses Amazon in market capitalization, becoming the world's fifth most valuable company.
SpaceX made a historic Nasdaq debut, with shares surging 19% to surpass $2 trillion in valuation, making founder Elon Musk the world's first trillionaire. The company raised $75 billion, exceeding previous IPO records, as investor demand was fueled by Musk's ambitious plans for space exploration and AI.
Zhipu (Knowledge Atlas Technology) surpasses MiniMax in market capitalization, attributed to stronger AI capabilities, looming share unlocks, and investor preference for enterprise-focused businesses.
The US government has unveiled a $2 billion federal investment program targeting quantum computing companies, with IBM receiving $1 billion to build a quantum chip foundry. The move triggered a sector-wide rally, with IBM shares climbing over 12%.
Singapore stocks are set to outperform Indonesian peers significantly in 2026, with capital flows favoring certainty amid global policy uncertainty, according to Soh Chih Kai of Lion Global Investors.
Indian equity benchmarks Nifty50 and BSE Sensex crashed over 1% on Monday, losing nearly Rs 7 lakh crore in market cap. Factors include rising global bond yields, a record low rupee, and geopolitical tensions.
Nvidia's market capitalization reached $5.7 trillion, exceeding Germany's projected 2026 GDP of $5.45 trillion. This highlights the immense economic scale of US tech giants compared to major European economies.
Jiangsu Hengrui Pharmaceutical, China’s largest drug company by market capitalisation, has signed a global collaboration and licensing agreement with US pharmaceutical giant Bristol Myers Squibb (BMS) worth up to US$15.2 billion. Hengrui’s Hong Kong-traded shares climbed 5.3 per cent to HK$69.55 on Tuesday, while its Shenzhen stock rose 4.84 per cent to 56.11 yuan. The deal adds credibility to China’s growing reputation for innovative drug development. Industry players, however, said the country...
Inovance, a major Chinese industrial automation firm, is preparing for a Hong Kong share issuance expected to raise US$2 billion. The company reported strong annual growth, with revenue reaching 45 billion yuan, and is prioritizing international expansion.
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.
Hong Kong is set to announce on Monday a new batch of “strategic enterprises” establishing a presence in the city, including several firms with market capitalisations of up to HK$100 billion (US$12.8 billion), the finance chief has revealed. Writing in his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said the new partners were in high-growth sectors, including life and health technology, the low-altitude economy, artificial intelligence (AI), new energy materials and...
Taiwan Semiconductor Manufacturing Company (TSMC) has reclaimed a spot in the list of the world’s 10 most valuable companies, riding the optimism of the artificial intelligence (AI) boom. TSMC's stock rallied, elevating its market capitalisation to a record, making it higher than Broadcom. Analysts expect TSMC to further advance amid surging AI-related revenue and strong pricing power.
