ARTIFICIAL INTELLIGENCE MARKET
Chinese AI satellite maker Adaspace Technology slips in Hong Kong debut after $96 million IPO
Chinese AI satellite maker Adaspace Technology made a weak Hong Kong debut, with shares falling below their IPO price despite raising HK$750 million. While retail investors showed stronger demand, muted institutional interest and broader market weakness weighed on the listing.
Timed IPO jackpot for Anthropic staff
Anthropic’s potential IPO could unlock billions in wealth for employees, marking one of Silicon Valley’s biggest wealth creation events. We break down the numbers and what’s at stake.
Jensen Huang quits as Nvidia CEO, putting $4 trillion empire in transition
Jensen Huang has resigned as CEO of Nvidia, prompting concerns regarding the company’s future direction. Colette Kress has been appointed as interim CEO while the board searches for a permanent successor. Huang's departure follows controversy related to personal relationships and an investigation into potential foreign intelligence targeting. His hands-on management style has significantly influenced Nvidia's operations over the decades.
Nvidia loses its AI architect: Huang's exit puts AI dominance to test
Jensen Huang has resigned as CEO of Nvidia, which has raised concerns for the company and the AI industry. Colette Kress will serve as interim CEO while the board searches for a permanent successor. Huang's resignation follows reports of personal controversies, including extramarital relationships involving a former executive. Nvidia's chips are crucial for AI development, making Huang's departure significant amid technological competition.
Is the AI wheel broken? Julius Baer flags 3 variables shaping AI investments ahead of Anthropic IPO
Anthropic’s proposed $1.4 trillion IPO valuation will put the economics of the AI industry under the spotlight. Julius Baer analysts identify three key variables investors should watch: demand growth, pricing power and computing costs. The listing could also establish a valuation benchmark for OpenAI’s expected 2027 IPO.
Reverse AI trade drives foreign inflows back to India but rising US inflation poses challenge: Ajay Bagga
Foreign investors are returning to Indian equity markets as global funds shift away from the artificial intelligence infrastructure trade in markets such as the US, Japan, South Korea and Taiwan, while India's relatively attractive valuations and falling crude oil prices are improving its investment appeal, banking and market expert Ajay Bagga said.
European shares rise as Siemens Energy forecast lifts AI optimism; inflation concerns persist
European shares opened higher, supported by positive forecasts from Siemens Energy and CoreWeave, which eases AI investment concerns. The pan-European STOXX 600 index rose significantly, nearing record highs from August. However, inflation concerns, increased oil prices, and some stock losses tempered broader market optimism. Notable declines were seen in companies like Vestas and CSG due to disappointing profit forecasts.
Japan's Nikkei rises for third straight session as AI optimism returns; SoftBank falls 3%
Japan's Nikkei 225 rose 0.80% for a third consecutive session as renewed optimism around artificial intelligence stocks lifted sentiment. Strong semiconductor demand and improving manufacturer confidence supported gains. However, SoftBank shares fell 3% after the technology investment giant reported a second-quarter net loss of 1.1 trillion yen.
Microsoft market cap beats Nvidia's for first time since June 2025
Microsoft overtook Nvidia as the world's most valuable company on Tuesday, as the chip giant's shares fell on uncertainty over the outlook for AI and an investigation into whether
Anthropic eyes $1.4 trillion valuation in blockbuster IPO, targets up to $90.4 billion in fundraising
Anthropic is targeting a fully diluted $1.4 trillion valuation through its proposed IPO, seeking up to $64.35 billion. Combined with a $26 billion private placement, fundraising could reach $90.4 billion amid rising infrastructure costs and competition.
Nvidia, Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair
The complaint comes after President Donald Trump said the FBI is investigating the affair, which Huang has acknowledged to and apologised for. Trump said Monday that Huang told him he had no idea the person could be involved in espionage.
Nvidia and Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair
A shareholder filed a lawsuit against Nvidia and CEO Jensen Huang over misleading investors about Huang's affair. The affair involves Alice Huang, who is suspected of ties to Chinese intelligence. Investors claim they suffered financial losses due to undisclosed relationships and risks to national security. Shares of Nvidia dropped significantly amid the scandal, affecting the company's market value.
China, Hong Kong stocks rise as AI shares rally, oil prices slide
Chinese and Hong Kong stocks edged higher as a rally in global technology shares and falling oil prices lifted sentiment. AI-linked stocks led gains, while energy shares declined amid a broader regional market rebound.
Japan's Nikkei surges nearly 3% as AI stocks extend rebound; SoftBank jumps 14%
Japan's Nikkei index jumped nearly 3% on Tuesday as AI and semiconductor stocks recovered from Friday's sharp selloff. SoftBank Group surged over 14%, leading the tech-driven rally alongside chip equipment makers, despite overnight losses in Nvidia shares and cautious sentiment near key resistance levels.
Anthropic must face lawsuit over Claude subscription marketing
US Magistrate Judge Alex Tse in San Francisco on Friday said the plaintiffs plausibly alleged that consumers could interpret Anthropic's marketing to mean Max subscribers would receive five or 20 times more usage than lesser-tier subscribers over the course of a month.
Nvidia's Jensen Huang, the scandal-hit AI visionary in a leather jacket
Chips made by US chip titan Nvidia push the boundaries of artificial intelligence, but its leader Jensen Huang is in the spotlight over an affair with an alleged Chinese spy. That is an area of concern to US officials who believe he has been involved with the alleged spy, Alice Huang, who is linked to a Singapore-based data center company, according to the New York Times.
Wall Street grapples with $5.7 trillion rout as AI bets unwind
Wall Street is undergoing notable shifts as worries about the AI investment frenzy and political developments arise. This sharp sell-off brings forth doubts about the viability of AI infrastructure investments, scrutinizing valuations and corporate expenditures. The Democratic majority in Congress poses regulatory challenges, amplifying economic tensions. Investors are leaning towards more conservative sectors, yearning for assurance that AI investments will deliver anticipated results amidst these turbulent times.
China blocks SoftBank's $5.4 billion acquisition of ABB Robotics
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, disrupting the Japanese group’s AI-powered robotics expansion. The intervention highlights Beijing’s growing scrutiny of cross-border deals involving strategically important technologies.
Why did US stocks crash? Trump blames Democrats as AI regulation fears rattle markets
Donald Trump blamed the Democrats' midterm election gains for Wall Street's sharp selloff, as concerns over potential curbs on AI investments rattled technology stocks. Uncertainty surrounding data centre expansion and regulatory scrutiny added to investor anxiety.
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