AI semiconductor
Coverage of AI semiconductor in the Nexus archive.
- SK Hynix eyes $29B US stock offering
SK Hynix is planning a $29 billion US stock offering to capitalize on growing AI semiconductor demand. The company has outperformed rivals like Samsung and Micron, which recently reported a 15-fold profit increase. Meanwhile, OpenAI and SpaceX are also entering the chip market, but investors remain anxious due to market volatility, as seen in SK Hynix's fluctuating share price and Elon Musk's net worth dropping $240 billion after SpaceX's IPO.
- The Dow jumps 900 points as oil prices ease, but slumping AI stocks keep Wall Street in check
The Dow Jones Industrial Average rose 925 points as oil prices fell, but AI stocks like Broadcom declined despite strong earnings. The S&P 500 gained 0.3% amid easing oil concerns, while the Nasdaq dipped 0.2%. Companies such as Elanco Animal Health and Toro saw gains from improved profit forecasts, but AI sector overvaluation fears and a potential slowdown in the S&P 500's nine-day winning streak weighed on markets.
- Slumping AI stocks weigh on Wall Street, even as oil price ease
AI stocks like Broadcom and Micron Technology declined despite strong quarterly results, contributing to a mixed U.S. market performance as oil prices eased. The S&P 500 fell 0.2% after a nine-day winning streak, while the Dow rose 1%. Analysts suggest AI stocks may be overvalued amid concerns of a market slowdown.