Global Market: Samsung, SK Hynix double down on AI chip boom with massive investment push despite oversupply risks

South Korean chip giants Samsung and SK Hynix are investing trillions to boost memory chip production, fueled by soaring AI demand. This ambitious expansion, backed by the government, aims to solidify South Korea’s global semiconductor leadership. While current shortages drive optimism, experts warn of potential oversupply if AI spending falters, echoing past industry cycles. The…

Gold prices fall Rs 1,300/10 gram; silver tanks Rs 5,600/kg as rate hike bets, US-Iran tensions dent mood. Time to sell precious metals?

Gold and silver prices tumbled on Wednesday as fading hopes for a U.S.-Iran peace deal fueled inflation worries and bolstered expectations of sustained high interest rates from the Federal Reserve. MCX silver futures saw a significant drop, while gold futures also declined. Analysts advise caution, suggesting investors await the Federal Reserve Chair’s speech before making…

KPIT Tech shares hit 10% lower circuit as company expects Q1 revenue decline, sharp hit to margins

KPIT Technologies shares plunged 10% after the company warned of a revenue drop in Q1 FY27, citing unexpected actions from European automakers. While short-term performance is expected to be weak, KPIT remains optimistic about long-term growth driven by outsourcing and automation. The company anticipates a strong rebound in the second half of FY27, building a…