References in the first iOS 27 developer beta appear to point to a foldable iPhone, according to Sam Henri Gold and 9to5Mac. Apple also said it is adding app-resizing support, which could fit a new device form factor.
SpaceX has set an initial public offering price of $135 per share, aiming to raise $74.4 billion. This valuation could make Elon Musk the first trillionaire and would be the largest IPO in history.
Marvell Technology's stock price jumped more than 20% on June 2 after Nvidia CEO Jensen Huang predicted the semiconductor company could become the "next trillion-dollar company." Huang praised Marvell's role in AI system connectivity during an event in Taiwan.
South Korea's Kospi index has become the world's 6th largest stock market, surpassing India, driven by AI chip demand. SK Hynix and Samsung Electronics' valuations have soared, but concerns about market concentration and potential AI bubble persist.
Marvell Technology surged over 20% after Nvidia's CEO praised its potential. HPE also rose over 25% on strong AI server demand. Alphabet announced an $80 billion equity offering for AI buildout, impacting its stock.
Arm CEO Rene Haas is eligible for a pay package potentially worth over $1bn by 2031, including an $800m bonus if the microchip firm reaches a $2tn market capitalization. This reflects a trend of high executive compensation in US tech companies.
