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Stocks
Meta Stumbles on AI Gamble… Shares Down 10% in After-Hours Trading Following Earnings Release
Meta Platforms’ stock price is plummeting on the 29th (local time) following the release of its second-quarter earnings report. This is due to the company’s third-quarter revenue forecast falling shor…
Stocks
Bond Market Remains Skeptical Despite Fed Rate Hold… Dow Plummets Over 2% [Wall Street in]
On the 29th (local time), the New York stock market closed sharply lower. Although the U.S. Federal Reserve (Fed) decided at its July Federal Open Market Committee (FOMC) meeting to maintain the curre…
Stocks
“A Historic Day, a Breakthrough Has Been Achieved”: China Eagerly Anticipates Changxin Memory’s IPO
Changxin Memory Technology (CXMT; hereinafter “Changxin Memory”), China’s largest DRAM manufacturer, has become the talk of the town after topping the market capitalization rankings on its first day o…
Stocks
Is the ‘Opening Rally’ Over?… China’s Blue-Chip Changxin Memory Slightly Down on Second Trading Day
Changxin Memory Technology (CXMT; hereinafter “Changxin Memory”), China’s largest DRAM manufacturer, is showing a slight decline on its second day of trading. Changxin Memory, which debuted on the Chi…
Stocks
Changxin Memory, Which Struggled with Losses Until the Year Before Last, Has Emerged as a Leading Stock in China [Cai Gong]
Changxin Memory Technology (CXMT; hereinafter “Changxin Memory”), China’s largest DRAM manufacturer, attracted significant attention as its stock price surged on its first day of trading on the Chines…
Stocks
As the AI-Driven Rally Slows Down… Global Capital Flows into Chinese Biotech
Global capital has recently been flowing into Chinese biotech companies. As the AI rally in global Shinhung stock markets has slowed, investors seeking high-growth alternatives are turning their atten…
Stocks
Choi Tae-won: "AI Is Still Like a 4- or 5-Year-Old Child… Memory Demand Will Continue to Grow Until AGI Arrives" (Roundup)
“The AI you’re seeing right now is like a 4- or 5-year-old child.”SK Group Chairman Choi Tae-won stated at a press conference held on the 10th (local time) in New York to commemorate SK hynix(000660) …
Stocks
"SK hynix Sets U.S. IPO Price at $149 per ADR"... Expected to Be Largest IPO in History, Surpassing Alibaba
Bloomberg reported on the 9th (local time) that SK hynix(000660)has set its initial public offering (IPO) price for a listing on the U.S. Nasdaq at $149 per American Depositary Receipt (ADR). Despite …
Stocks
Down 20% from June High… Is the KOSPI Entering a Bear Market? "A Correction Triggered by AI-Driven Speculation"
CNBC reported on the 9th that the KOSPI index—which had posted the world’s highest returns so far this year—has entered a bear market in just a few weeks. The KOSPI plummeted more than 5% on the 8th, …
Stocks
Michael Burry: "Massive Investment in Samsung INICS Corporation Is the Beginning of the End"... Short Selling of AI-Related Stocks on the Rise
Hedge fund investor Michael Burry, who predicted the 2008 global financial crisis and served as the real-life inspiration for the movie "The Big Short," has significantly increased his short bets on a…