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Japan’s Nikkei share average closed lower as oil prices rose due to renewed Middle East conflict. Investors weighed the corporate outlook amid increasing costs and the start of earnings season. Chip-related stocks dragged the Nikkei lower, influenced by South Korea’s benchmark index. Memory maker Kioxia tanked significantly after a high-profile U.S. listing. Bank shares rose,…
AI-linked stocks are showing signs of fatigue as investors lock in profits. Semiconductor and memory-chip makers have seen sharp retreats from recent highs. Investors are now demanding stronger earnings growth and clearer profit evidence. A rotation into software and cloud providers is also occurring within technology. Despite this, the long-term outlook for artificial intelligence remains…
SK Hynix shares tumbled in Seoul after the chipmaker’s record-breaking Nasdaq debut, as investors booked profits and concerns emerged over HBM4 chip shipments. Despite the pullback, analysts remain optimistic about the company’s long-term AI growth prospects, supported by its leadership in the high-bandwidth memory market.
Tata Consultancy Services shares climbed significantly after announcing a major AI deal. This new multi-year agreement with ABB aims to transform global network operations. The company also reported better-than-expected first-quarter earnings for the financial year. TCS posted strong revenue growth and a substantial contract value for the period. These positive developments have boosted investor confidence…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…