AI cloud giant CoreWeave reported Q2 revenue doubled to $2.6 billion driven by AI compute demand, though operating expenses resulted in an operating loss.
Intel has upsized its common stock offering to $20 billion at $95 per share, aiming to raise $19.7 billion in net proceeds to support surging customer demand for AI computing power and general corporate purposes.
Copper prices reached record highs due to supply constraints, AI data center grid demands, and mining disruptions in Chile, coupled with new export bans in the Democratic Republic of Congo.
Palantir stock surged 29.5% after reporting a 93% increase in Q2 revenue to $1.94 billion, fueled by strong commercial and government demand for AI sovereign tools.
Samsung Electronics reported a record operating profit of ₩89.5 trillion for the April-June period, boosted by AI-driven chip demand, while warning that memory chip shortages could persist into 2028.
South Korea's monthly exports surged nearly 63% year-on-year in July to $98.89 billion, the second highest on record, fueled by robust global demand for memory chips and increased AI data center investments, particularly from China and the United States.
SK Hynix reports a 1,242% year-over-year increase in Q2 net profit to 93.9tn won, driven by AI industry demand for advanced memory chips. Despite record profits, shares fell 9.6% due to missed revenue and operating profit expectations.
Intel exceeded Q2 earnings and revenue expectations, reporting its fastest revenue growth since 2011, driven by AI infrastructure demand and server processor sales. The company also issued optimistic Q3 guidance, despite a recent stock slump.
Seoul stocks experienced sharp gains late Thursday morning, with the benchmark KOSPI rising 2.42 percent, as investors responded to Alphabet's better-than-expected second-quarter earnings, driven by strong cloud business growth and increased AI capital expenditures, despite a dip in major U.S. indexes.
TSMC's CFO Wendell Huang announced an additional $100 billion investment, totaling $265 billion, to accelerate capacity at its Arizona factory. This expansion, driven by a multi-year AI demand megatrend, includes converting 5nm to 3nm capacity and developing 2nm technology, despite higher U.S. construction costs.
TSMC is accelerating capacity at its Arizona factory, committing an additional $100 billion to expand its U.S. chipmaking footprint, driven by a multi-year surge in AI demand and strong government support, despite higher construction costs.
TSMC announced June revenue surged 67.9% year-on-year to NT$398.27 billion, pushing first-half revenue to NT$2.4 trillion. Q2 revenue of NT$1.27 trillion surpassed analyst forecasts, driven by robust AI demand and global manufacturing expansion.
Dutch semiconductor equipment maker ASML reported better-than-expected quarterly results, driven by strong AI-related investments, leading the company to raise its full-year 2026 net sales and gross margin outlook. The firm also plans significant production capacity increases despite ongoing US-China tech tensions.
Moore Threads and Hygon project 135.1%-149.1% and 55.6%-70.2% revenue growth, respectively, in H1 2026, driven by China's surging demand for AI computing power amid US export controls.
أعلنت شركة تايوان لصناعة أشباه الموصلات "تي إس إم سي" عن ارتفاع إيرادات الربع الثاني بنسبة 36% لتصل إلى مستوى قياسي جديد، مدعومة بالطلب المتزايد على تطبيقات الذكاء الاصطناعي. وتجاوزت الإيرادات تقديرات المحللين، مما يعكس قوة الشركة كمورد رئيسي لشركات التكنولوجيا الكبرى.
SK Hynix shares dropped over 15% in Seoul, marking its worst trading day, following a strong Nasdaq debut. Investors are booking profits and assessing AI memory chip demand against the stock's recent surge, creating valuation uncertainty.
SK Hynix shares dropped over 12% in Seoul Monday following a strong Nasdaq debut Friday. Investors are weighing AI memory chip demand against valuation concerns and profit-taking, creating a discount between its US and Korean listings.
SK Hynix shares dropped over 10% in Seoul after a strong Nasdaq debut, as investors took profits and debated AI chip demand versus stock valuation. Analysts cited confusion over fair pricing and a discount rate between US and Korean listings.
Renewed Middle East tensions, including U.S.-Iran military confrontation and disruption of shipments via the Strait of Hormuz, have sent oil prices higher. Meanwhile, AI demand is described as "almost unlimited," though U.S. workers are calling for greater accountability and equitable sharing of AI wealth.
Despite recent volatility in chip stocks and some companies renting out excess AI capacity, AI executives assert that demand for chips and compute power remains exceptionally high, with "almost unlimited" potential and energy availability as the only real limiter.
Seoul shares closed higher Thursday, with the KOSPI index rising 0.62% to 7,291.91, driven by institutional buying. Retail investors sold heavily amid concerns over AI demand outlook and Middle East geopolitical tensions. The Korean won weakened against the U.S. dollar.
Seoul shares closed higher Thursday, with the KOSPI index rising 0.62% to 7,291.91. Institutional buying helped offset retail selling, despite concerns over AI demand outlook and Middle East geopolitical tensions.
The IMF has lowered its 2026 global growth forecast to 3% due to the energy shock from the US-Iran war, despite a tech-driven boom. Inflation is also expected to rise. Oil prices surged amid renewed US strikes on Iran.
The Asian Development Bank (ADB) has raised South Korea's economic growth forecast for 2024 to 2.6%, up from 1.9% in April, driven by strong global AI-related demand. The ADB also projects stable private consumption and expects the semiconductor industry to offset global economic pressures.
