Nvidia, AMD and Intel were lower in Thursday’s premarket trading even after TSMC delivered record sales, underscoring the tension between booming AI demand and tougher valuation conditions. TSMC reported third-quarter…
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The global stock market’s powerful rally could face a sharp reversal if the artificial intelligence investment boom loses momentum, according to Panmure Liberum’s head of market strategy Joachim Klement. Klement…
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Broadcom shares (NASDAQ: AVGO) slipped close to 2% in premarket trading Thursday after a report revealed that the technology company is seeking to raise around $50 billion in financing for…
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Amazon has confirmed another round of job cuts, with fewer than 1,000 white-collar employees affected, primarily in its Stores business that oversees the company’s main e-commerce operation. The reductions came…
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IAG’s share price fell 2.6% on Thursday as crude oil prices resumed their rally, raising concerns about higher jet fuel costs. The stock dropped to 420p, its lowest level since…
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TSMC sold a record $46.7 billion of chips in the third quarter as demand for Nvidia, AMD and other AI processors continued to outrun expectations. Revenue reached NT$1.49 trillion, up…
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Rolls-Royce stock price has sold off substantially in the past few weeks as the momentum it had earlier this year stalled. It tumbled to 1,404p on Wednesday, down by 11.4%…
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The Hang Seng Index continues to lag behind its global peers as some of its biggest constituent companies tumble. It dropped to 23,963 on Thursday and is hovering at its…
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Asian equities weakened on Thursday as Japan’s Nikkei 225 slipped back below 70,000 and South Korea’s KOSPI failed to hold an early gain even after Samsung Electronics delivered record quarterly…
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LG Energy Solution shares jumped to a near four-month high on Thursday after third-quarter results showed the battery maker is finding growth outside the electric-vehicle market. The stock rose 6.4%…