Affirm’s stock fell more than 11.5% on Wednesday to its lowest level since October 1, leaving it down 25% from its high for the year. The selloff extended…
CoreWeave shares CRWV and bonds came under heavy pressure on Wednesday as investors grew increasingly concerned about the scale of borrowing by technology companies to finance the artificial…
US financial markets faced renewed pressure on Wednesday as hotter-than-expected underlying inflation reinforced expectations of further Federal Reserve rate increases. Rising energy prices added to inflation concerns, while…
US stocks closed lower on Wednesday as hotter-than-expected inflation data increased expectations of further Federal Reserve interest rate hikes, weighing on technology shares and other rate-sensitive investments.The S&P…
Samsung Electronics and SK Hynix stocks plunged on Thursday as investors shifted focus from chip supply to the customers financing the artificial intelligence boom.Samsung fell 9.3% and SK…
Anthropic’s third-quarter numbers look impressive as revenue jumped 45% from the previous quarter to $16.8 billion, while the Claude developer told prospective investors it was profitable on an…
The Hang Seng Index dropped by 1.50% on Thursday as it continued to underperform the broader market. This weakness was driven by Lenovo Group, whose stock tumbled by…
South Korean and Japanese stocks plunged on Thursday as investors widened their scrutiny of the AI boom from chip demand to the companies financing the infrastructure behind it.The…
TSMC stock remain in focus on Thursday after the world’s largest contract chipmaker delivered a stronger-than-expected third-quarter profit, with AI demand lifting earnings even as investors remain increasingly…