Technology

CXMT Plans Second Beijing Chip Plant, Seeks Funding to Expand Memory Output

Chinese memory chipmaker CXMT is planning a second Beijing plant and is in funding talks to expand DRAM output amid rising demand and U.S. tech restriction

AstraZeneca in Talks to Acquire Bristol Myers Squibb in Near-$400 Billion Merger

AstraZeneca is in discussions to acquire Bristol Myers Squibb in a near-$400 billion merger that would create the world's fourth-largest drugmaker.

WestJet Flight Attendants Reach Tentative Wage Deal, Ending Disruptive Strike

WestJet flight attendants have reached a tentative wage deal with the carrier, ending a strike that grounded hundreds of flights across Canada.

Nissan Returns to Profit but Warns of Persistent China and Middle East Challenges

Nissan reported a 3.8 billion yen quarterly profit, reversing a heavy loss, but warned of persistent challenges in China and the Middle East.

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

Meta’s Quarterly Earnings to Spotlight AI Spending and Smart Glasses Ambitions

Meta reports quarterly earnings Wednesday, with investors focused on the scale of its AI spending and its expanding push into smart glasses.

SK Hynix Posts Record Second-Quarter Profit on AI Chip Demand, Yet Misses Estimates

SK Hynix reported a record second-quarter profit fueled by AI memory chip demand, with revenue more than tripling year over year, though results missed est

ServiceNow Stock Rallies as AI and Workflow Automation Fuel Investor Optimism

ServiceNow shares climbed as investors backed the enterprise software firm's expanding AI and workflow automation business amid strong subscription growth.

Teradyne Stock Climbs Ahead of Second-Quarter Earnings Set for July 28

Teradyne shares advanced as investors positioned ahead of the semiconductor testing equipment maker's second-quarter earnings report due July 28.

Bloom Energy Stock Surges as Sales Top $1 Billion on AI Data Center Demand

Bloom Energy shares jumped after quarterly sales topped $1 billion and the fuel-cell maker raised 2026 guidance again, driven by AI data center power deman

Apple Becomes Second Company to Reach $5 Trillion as Investors Retreat from AI Stocks

Apple became the second company to touch a $5 trillion valuation as investors rotated out of AI and semiconductor stocks amid a broader tech sell-off.

US Plans to Ban New Chinese Robots and Power Inverters, Citing AI Security Risks

The Trump administration plans to ban imports of advanced Chinese robots and power inverters, citing national security risks to the U.S. AI buildout.

Chip Stocks Head for One of Their Worst Months Ever as Broader Market Holds Steady

Semiconductor stocks are posting one of their steepest monthly declines on record, echoing the dot-com era, even as the broader market holds steady.

Chip Stocks Extend Selloff Amid AI Financing Doubts and China Competition Fears

Semiconductor shares fell for a second session as investors weighed AI financing costs and rising competition from Chinese chipmakers.

ASML Retains Chipmaking Edge Despite China’s Domestic Tool Push, Analysts Say

ASML remains insulated from China's domestic chipmaking tool drive despite US-China tensions, analysts say, as investors reassess recent share weakness.

SanDisk’s $42 Billion Backlog Fuels Rally as Memory Stock Valuations Draw Scrutiny

SanDisk shares climbed on a reported $42 billion backlog as investors questioned whether memory stock valuations have outpaced fundamentals amid the AI boo

South Korea’s KOSPI and Wall Street Tech Grow Increasingly Intertwined as Chip Ties Deepen

South Korea's KOSPI has grown tightly correlated with the Nasdaq 100 as Samsung and SK Hynix ride surging AI memory-chip demand, raising volatility concern

Apple Overtakes Nvidia to Reclaim Title of World’s Most Valuable Company

Apple has surpassed Nvidia to become the world's most valuable company, ending the chipmaker's reign atop the market amid the AI boom.

Circle Shares Climb After Acquiring Blockchain Patents From IBM

Circle has acquired a portfolio of blockchain patents from IBM, boosting its shares and strengthening its intellectual property in the stablecoin sector.

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