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In South Korea, the AI frenzy has sent the value of the country's top chipmakers skyrocketing. Korea's Samsung Electronics and its chief rival SK Hynix have been trading places as the world's most valuable producer of memory chips. Following some strident union organizing at the

South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its bigge

Losses spread globally as investors questioned soaring valuations and spending on AI infrastructureA tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have dri

Value of some chip manufacturers have tripled, or more, driving Asia Pacific stock markets sharply higherShares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis.Invest

What does an AI company do after one of those not-acqui-hire deals? Groq raised money, is leaning into its neocloud business, and is hiring new execs.

In its first earnings report since going public, the AI chipmaker forecast a narrower gross margin in its core business, scaring investors.

As the AI boom boosts demand for RAM, SK Hynix - one of the world's biggest suppliers of memory chips - launched on Wall Street Friday. The South Korean chipmaker opened at $170 per share and raised $26.5 billion, surpassing Alibaba's record as the largest debut of a foreign comp