Nvidia and Hyundai Motor Group are in the final stage of talks to build a new artificial intelligence research and development hub in South Korea, according to a report by the Korea Economic Daily.Nvidia Chief Executive Jensen Huang is expected to visit Seoul this week and meet Hyundai Motor Group…
Asian equities fell on Thursday as renewed fighting between the United States and Iran pushed investors back towards safer assets, even as oil prices eased after Israel and Lebanon moved to implement a ceasefire.MSCI’s Asia-Pacific ex-Japan index dropped 1.5%, while S&P 500 e-mini futures slipped 0.5%. South Korean shares, reopening…
Taiwan Semiconductor Manufacturing Co. expects artificial intelligence to keep driving demand for its most advanced chips over the next few years, even as rising costs and the long buildout of US production capacity create challenges for the world’s biggest contract chipmaker.Chief Executive Officer C.C. Wei told shareholders in Hsinchu on…
Sumitomo Mitsui Financial Group plans to double revenue from its sales and trading unit to 800 billion yen, or about $5 billion, within the next few years as Japan’s shift away from ultra-low rates drives demand for market products.Arihiro Nagata, head of the bank’s global markets division, told Reuters that…
Taiwan’s Foxconn announced on Thursday a strategic collaboration with Intel to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms.The announcement comes as Intel shares staged a recovery on Wednesday, rising 3% to $111.36 and putting the chipmaker on track to end a five-session losing streak.Foxconn…
Aggressive buy-sell dollar/rupee swap operations by the Reserve Bank of India over the past 10 days have pushed foreign exchange hedging costs to their lowest levels in two months, while contributing to a recovery in the rupee ahead of a closely watched monetary policy decision.One-year hedging costs have fallen sharply…
European shares were largely steady at the open on Thursday as investors remained cautious amid ongoing developments in the Middle East.Market sentiment was also influenced by concerns surrounding the financial services sector, while company-specific updates drove notable moves in individual stocks.The pan-European STOXX 600 index edged up 0.1% to 622.17…
Broadcom delivered the kind of quarter most companies would call a statement result, but the market wanted more. The chipmaker reported record revenue, record free cash flow and another sharp jump in artificial intelligence semiconductor sales. Yet Broadcom stock (NASDAQ: AVGO) tumbled more than 13% in extended trading after the…
Scottish Mortgage (LON: SMT) share price remained steady and broke above a key resistance level this week as investors looked ahead to the potential IPOs of SpaceX and Anthropic, two high-profile private companies in which the trust holds significant stakes. The stock climbed to a high of 1,533p, marking a…
Meta Platforms is facing another delay in its artificial intelligence rollout, and investors have a familiar question: how much patience does the stock still deserve?The company’s Muse Spark developer API has reportedly been pushed back several times, with no confirmed launch date as of this week.That would be a smaller…