Cerebras Systems CBRS shares rose 11% on Thursday after the artificial intelligence infrastructure company unveiled plans for a major expansion across Europe.The initiative includes new AI data centres that will partially support OpenAI workloads under the companies’ existing partnership.The company said it expects to bring its first European data centre…
US-Iran tensions escalated for a second straight day as fresh military strikes threatened the fragile ceasefire and disrupted shipping through the Strait of Hormuz. SK Hynix moved closer to its record US listing with plans to price its American depositary receipts at $149 each. Oil prices fell as demand concerns…
US stocks closed higher on Thursday as a rally in semiconductor shares offset concerns over renewed military exchanges between the United States and Iran, while easing oil prices helped support broader market sentiment.The Dow Jones Industrial Average added 139.02 points, or 0.27%, to finish at 52,487.41. The Nasdaq Composite gained…
Tata Consultancy Services shares rose more than 3% on Friday after India’s largest software exporter reported quarterly revenue ahead of estimates, helped by steady demand from banking clients, a weaker rupee and growing AI-linked work. The earnings beat did not erase concerns about slow discretionary spending across the sector.But it…
SK Hynix raised about $26.5 billion after pricing 177.9 million American depositary shares at $149 each.The fresh raise sets up a closely watched Nasdaq debut that will test Wall Street’s appetite for the AI-memory boom.Demand exceeded the available stock by more than seven times, despite a recent pullback in global…
Asian markets pushed higher on Friday as investors chose the AI trade over the oil shock. Stocks rose sharply across the region as traders returned to chipmakers, even as renewed US-Iran attacks slowed the recovery of energy shipments through the Strait of Hormuz. The move showed how powerful the semiconductor…
South Korea’s Kospi Index jumped by over 4% on Friday, capping a highly volatile week that saw it plunge to 7,060, its lowest level since May 20. It remains in a local bear market after falling by 20% from its highest point this year.Samsung and SK Hynix jumpsThe main driver…
SK Hynix’s banks earned nearly $260 million in fees from the South Korean chipmaker’s US share sale, giving Wall Street a richer payday by percentage than last month’s record SpaceX listing.The fee pool shows how strongly banks can still monetise the AI capital-raising boom, even when headline economics look thinner…
easyJet share price will be in the spotlight today as a new bid from a giant American private equity company emerged. The stock ended Thursday at 588p, a few points below the weekly high of 621p.Apollo Global Management has placed a bid for easyJeteasyJet, one of the top discount airlines…
Broadcom’s latest challenge to Nvidia is not another processor designed to replace its market-leading GPUs.It targets the network that enables thousands of those processors to operate as a single computing system.DriveNets on July 1 unveiled two AI-networking platforms built around Broadcom’s Tomahawk 6 switch chip.The systems promise faster connections with…