HIGH TECH CHIPS
Tech stocks boost Nifty to fresh lifetime high, Sensex rises 200 pts
Nifty50 hit a record high driven by IT stocks on U.S. rate cut hopes. HCL Tech and BSE Sensex rose. Nifty IT, Auto sectors rose; Private Bank, FMCG, Realty sectors saw cuts. HCL, SBI, Infosys, Tech Mahindra gained. Likely 25 basis point rate cut amid rising food prices.
Japan's Nikkei drops from record high on chip selloff, yen intervention nerves
The Nikkei share average dropped 2% on Friday, influenced by a tech stock selloff mirroring Wall Street. Profit-taking before Japan's long weekend due to currency intervention concerns. Tokyo Electron and Disco saw significant declines. Topix also down 0.93%. Market affected by bond yield decrease and SoftBank's chipmaker acquisition.
Japan's Nikkei crosses 42,000 points as Wall Street rally spurs sentiment
Japan's Nikkei and Topix surged as Wall Street's Nasdaq and S&P 500 hit records. Nikkei reached 42,179.84, driven by yen depreciation and semiconductor shares like Taiwan Semiconductor Manufacturing Co. Gains in Fast Retailing, Socionext, Sumco, Sony Group, Tokyo Electron, Disco Corp. Kenji Abe from Daiwa Securities expects further price increases amid strong Japanese corporate earnings.
All about chip giant TSMC that crossed $1 trillion market cap
Set up by MIT and Stanford graduate Morris Chang in 1987, TSMC soon became the leader of the semiconductor industry. The Taiwan-based company manufactures almost 90% of the world's total chips and is the sole supplier of tech giants like Nvidia, Apple, Qualcomm AMD and others.
Samsung Electronics wins cutting-edge AI chip order from Japan's Preferred Networks
Samsung Electronic said in a statement the chip will be made using high-tech chip architecture known as gate all-around (GAA) and multiple chips will be integrated in one package to enhance inter-connection speed and reduce size.
U.S. creates high-tech global supply chains to blunt risks tied to China
The core elements of the plan include getting foreign companies to invest in chipmaking in the United States and finding other countries to set up factories to finish the work.
Japan's main stock indexes at record closing highs as banks, autos and techs rise
Japan's Topix and Nikkei hit record highs, led by gains in automakers, banks, and tech firms like Toyota, Honda, Mitsubishi UFJ, Advantest, and SoftBank. Yugo Tsuboi cited interest rates, a weak yen, and economic improvement. The TSE’s prime market saw 59% of stocks rise, with a positive corporate outlook expected, according to Daiwa Securities.
SoftBank trades above record-high close in win for Masayoshi Son
SoftBank's shares surge on AI and chip investments, led by Masayoshi Son's strategic moves with key partnerships and focus on energy-efficient architecture. Despite market volatility and past setbacks, the company remains a prominent player in the global tech landscape.
Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up
Benefiting from the high demand for memory chips, Micron Technology's revenue exceeded expectations in the third quarter. However, the company's forecast for the fourth quarter fell short of optimistic investor expectations, leading to a stock price decline. Micron's unique position in the semiconductor market is driven by the widespread usage of its high-bandwidth memory chips in advanced AI systems.
AI drinks energy up - quantum computing will work to our advantage, but the tech is new
The rapid advancement of computing over the past 70 years, driven by increases in computing power, has revolutionized various sectors such as banking, communication, healthcare, product design, and warfare. Semiconductor chip technology plays a crucial role in this growth. However, the future of computing faces a significant challenge due to the increasing power needs of AI innovations like ChatGPT. This surge in demand poses a threat to the sustainability of global energy resources and the environment.
S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
The S&P 500 and Nasdaq hit record highs fueled by Nvidia's surge, overtaking Microsoft as the most valuable company. Chip stocks, including Qualcomm and Micron, rallied, boosting the Philadelphia SE Semiconductor index to a new peak.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
US stocks mixed as Nvidia retreat hits tech stocks; payrolls data in focus
The Nasdaq and S&P 500 touched fresh intraday record highs shortly after the open, however, initial gains fizzled out as Nvidia slipped more than 2%. In the previous session, it had crossed $3 trillion in market valuation and overtaken Apple as the world's second most valuable company.
Eye on AI: Tech giants form industry group, Apple-OpenAI deal and other top developments
Google, Microsoft, Intel and other tech companies have come together to take on chipmaking giant Nvidia. Apple partners with OpenAI. The ChatGPT maker is training its new flagship model to succeed GPT-4. Google is putting limits on AI search experience. French unicorn startup Mistral releases generative AI model for coding.
Samsung Electronics union announces first-ever strike
Samsung Electronics in wage negotiations with union since January, failed to narrow differences, known for producing high-end memory chips for generative AI.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
Japan's Nikkei hits closing high as Nvidia earnings boost tech
Japan's Nikkei share average rose to a one month high led by tech stocks after Nvidia's strong earnings. Analyst Kenji Abe from Daiwa Securities mentioned the positive impact on Japanese tech stocks, especially semiconductor-related companies.
Boom in semiconductor industry drives demand for tech roles
The semiconductor industry in our country is experiencing rapid growth fueled by high demand and enabling government policies. Industry experts note a significant surge in demand for semiconductor professionals, with a conservative estimate suggesting a compound annual growth rate of around 100% in open positions over the last three years.
Huawei's new phone uses more China-made parts, memory chip
Huawei's Pura 70 Pro showcases China's tech self-sufficiency advancements through increased use of Chinese suppliers, including HiSilicon's NAND memory chip, and Kirin 9010 processor, challenging U.S. sanctions and impacting the smartphone market.
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