Technology

Micron Shares Dip as Citi Pulls Catalyst Watch Amid Memory Sector Jitters

Micron shares slipped after Citi pulled its catalyst watch, adding to memory-sector jitters, though analysts say long-term AI demand fundamentals remain in

Yen Hits Three-Month High After Rare Joint US-Japan Currency Intervention

The yen strengthened to ¥155 against the dollar after Washington and Tokyo confirmed a rare joint currency intervention, though analysts question its stayi

Shein Proposes Cash Payouts and Extra Shares for Late-Stage Investors Ahead of Hong Kong IPO

Shein is proposing cash payouts and extra shares to late-stage investors to bridge a valuation gap ahead of its planned Hong Kong IPO.

Oil Prices Plunge as Trump Halts Iran Strikes to Pursue Peace Talks

Brent crude fell 5% and European stocks rallied after President Trump called off planned strikes on Iran to pursue Middle East peace negotiations.

Microsoft Set to Report Earnings as Investors Focus on Azure Growth and AI Spending

Microsoft is set to report quarterly earnings after the bell, with investors focused on Azure cloud growth and its plans for AI capital expenditure.

Micron Shares Dip as Citi Pulls Catalyst Watch Amid Memory Sector Jitters

Micron shares slipped after Citi pulled its catalyst watch, adding to memory-sector jitters, though analysts say long-term AI demand fundamentals remain in

Microsoft Set to Report Earnings as Investors Focus on Azure Growth and AI Spending

Microsoft is set to report quarterly earnings after the bell, with investors focused on Azure cloud growth and its plans for AI capital expenditure.

Apple Warns UK App Store Proposal Amounts to Price Regulation

Apple has objected to proposed UK App Store remedies, arguing the measures amount to price regulation as regulators weigh new powers over the platform.

EU Commits $11.4 Billion to Build Seven AI Gigafactories in Race With US, China

The EU is offering 10 billion euros to build seven AI gigafactories, aiming to close the computing gap with the US and China.

MiniMax Launches H3 Video AI Model With Open Weights, Challenging ByteDance on Price

Chinese AI firm MiniMax has launched its H3 multimodal video generation model with open weights and low pricing, challenging ByteDance's Seedance.

Trump Media Launches Paid Service Offering Faster Access to Truth Social Posts

Trump Media and Technology Group has launched a subscription service giving paying clients faster access to Truth Social posts, with tiers up to $100,000 a

South Korea’s KOSPI Posts Record Rally as Chip Giants Fuel Global AI Trade Optimism

South Korea's KOSPI logged its best-ever day as Samsung and SK Hynix surged on AI demand, while the Bank of Japan held rates steady.

Apple Faces $460 Billion Selloff as Chip Shortages Cloud Growth Outlook

Apple is heading for a $460 billion market value drop, its worst post-earnings slide in 13 years, after cautious guidance tied to chip shortages.

Analysts Downgrade Roblox as Platform Transition and Age Checks Slow Monetization

Analysts at BMO and Deutsche Bank downgraded Roblox as a platform transition and new age-verification system weighed on second-quarter monetization.

Micron Shares Slide After Tim Cook Signals Push for More Memory Suppliers

Micron stock slid after Apple CEO Tim Cook signaled a push to diversify memory chip suppliers amid rising prices, unsettling investors betting on pricing p

Google Withdraws AI Imaging Tool in Google Earth Following Disinformation Fears

Google has withdrawn a new AI visualisation feature in Google Earth after researchers warned it could be used to create misleading satellite imagery.

Reddit Shares Plunge as Search Traffic Warnings Overshadow Strong Earnings Beat

Reddit stock fell about 21% in a record drop as warnings over volatile Google search referrals and soft US user growth overshadowed a strong earnings beat.

Chime to Cut 10% of Workforce, Citing Efficiency Gains from Artificial Intelligence

Digital banking firm Chime plans to reduce its workforce by around 10%, citing efficiency gains from artificial intelligence, joining a wave of AI-driven j

Amazon Shares Surge on Strong Earnings While Apple Slides on Weak Forecast

Amazon shares jumped on strong cloud-driven earnings while Apple fell on a weak forecast, splitting sentiment across Wall Street's megacap tech sector.

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