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There’s no doubt the AI revolution is here, with makers of cool chatbots, ubiquitous search engines and high-powered processors among the biggest winners. But those churning out boring old memory chips won’t be left out either ....
(Bloomberg) A gauge of Asian shares was on course to snap a three-day losing streak, buoyed by the tech sector, while US equity futures slipped after artificial intelligence stocks fueled a sharp rally in the prior session. Benchmark indexes rose in Japan, South Korea, India and Australia, and those for mainland China erased earlier declines. Hong Kong’s market was closed Friday for a public holiday. European futures added 0.1%. It was the second day of gains for chip stocks in the region following a bullish sales forecast from Nvidia Corp. late Wednesday that ignited a frenzy of interest in AI. Among notable moves in Asia, Japan’s Screen Holdings Co. surged as much as 9%, South Korea’s SK Hynix Inc. jumped 6.8% and Taiwan Semiconductor Manufacturing Co. advanced 4.6%. The AI rally continued after hours in the US, when Marvell Technology Inc. projected 2024 revenue from the technology will at least double from a year ago. Earlier, shares of Nvidia soared 24%, propelling the com ....
TrendForce Says SK Hynix to Raise China Legacy Chip Output Capacity usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
ASIAN currencies and equities fell on Wednesday as risk sentiment remained tepid after softening U.S. data and renewed banking sector concerns fanned fears of a recession. ....