artificial-intelligence
Coverage of artificial-intelligence in the Nexus archive.
- Mainland investors in buying mood for Hong Kong shares, favouring SMIC, Zhipu AI
Mainland investors purchased HK$27.1 billion of Hong Kong stocks in June via the cross-border Stock Connect programme, favoring AI-related companies like Semiconductor Manufacturing International Corp (SMIC) and Knowledge Atlas Technology. This marked a reversal from a HK$3.6 billion outflow in May.
- Wall Street can’t stop talking about ‘MANGOS’ stocks as the ‘Magnificent Seven’ becomes passé
Wall Street is promoting a new acronym, 'MANGOS,' to represent artificial-intelligence-related stocks, replacing the previous 'Magnificent Seven' label. The acronym includes companies investors desire to own, some of which remain inaccessible to them.
- SpaceX shares begin trading in biggest IPO ever — valuing company at more than $2 trillion
SpaceX shares began trading at $150 each in their first day, valuing the company at over $2 trillion and making founder Elon Musk the world's first trillionaire. The IPO sold 555.6 million shares across rocket, satellite internet, and artificial-intelligence businesses.
- Wall Street drifts after tech stocks keep swinging
The U.S. stock market showed mixed trading as technology stocks remained volatile, with the S&P 500 nearly flat after recovering from an early loss. AI-driven companies like Super Micro Computer and Micron Technology experienced significant price swings, while semiconductor-related stocks such as KLA and Applied Materials rose sharply. A U.S. inflation report, which met forecasts but eased Treasury yields slightly, influenced market movements.
- More drops for tech stocks weigh on Wall Street
Technology stocks continued to decline, weighing on the S&P 500, Dow Jones, and Nasdaq. AI-related stocks, including Super Micro Computer and Micron Technology, dropped sharply amid concerns about overvaluation. A U.S. inflation report eased some market pressures but did not halt the broader tech sell-off.
- HPE’s stock soars toward record gain as earnings show a networking bonanza
Hewlett Packard Enterprise's stock is rising due to strong earnings driven by intense demand for networking and servers. The artificial-intelligence buildout is fueling this growth.
- Singapore’s economy grows on back of AI boom, defying Iran war slowdown
Singapore’s economy expanded 1% in Q1 2024, driven by the global AI boom boosting manufacturing and services, despite higher crude prices. This growth exceeded the government’s 0.3% contraction forecast and outperformed median expectations.