MICRON SETTLEMENT
Micron enters $600 million settlement of Netlist patent dispute
Netlist said in a statement that Micron would pay $30 million per quarter for a five-year license to Netlist's patent portfolio that includes its "high bandwidth memory" technology.
Global Market: South Korean stocks under pressure ahead of trade data, Micron results
South Korean shares were largely flat as semiconductor gains offset declines across other sectors. Investors awaited September trade data and Micron Technology’s earnings for signals on AI-chip demand, while higher oil prices, Treasury yields and foreign selling weighed on the broader market.
Global Market: KOSPI drops over 2% as Samsung, SK Hynix slide on yield concerns
South Korean shares fell over 2% as higher bond yields weighed on risk appetite after a two-day holiday break. The KOSPI declined 2.13%, led by losses in Samsung Electronics and SK Hynix. Foreign investors sold Korean equities, while rising domestic yields and cautious sentiment around technology valuations added pressure.
Global Market: South Korean stocks pare gains as investors turn cautious ahead of Chuseok break
South Korean shares pared early gains on Wednesday as investors turned cautious ahead of the Chuseok holiday break. The KOSPI rose 0.16%, supported by chipmakers Samsung Electronics and SK Hynix after a US technology rally. However, foreign selling and weakness in automakers and other major stocks limited gains, while the won strengthened.
Global Market: Kospi extends winning streak to six sessions, jumps over 2% on chip gains
South Korean shares surged 2.73%, extending gains for a sixth session as chipmakers rallied on optimism over AI demand. Samsung Electronics and SK Hynix led advances, while foreign investors bought Rs 65,000 crore-equivalent shares. The won strengthened, though bond yields rose as investors awaited Nvidia’s results for further signals on AI growth.
Global Market: AI chip rally faces valuation test as investors rotate towards hyperscalers
AI chipmaker stock rallies are losing momentum as investors reassess valuations. Hyperscaler capital expenditure growth is projected to slow sharply after this year. Fund managers are rotating capital into hyperscalers and AI-benefiting sectors. Financing AI expansion faces greater scrutiny with softening bond demand. Despite volatility, long-term AI optimism remains intact for many investors.
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Among AI crowd, some investors position for slower hyperscaler spending growth
For most of the past two years, the opposite trade prevailed: investors piled into semiconductor and infrastructure companies on the assumption that Microsoft, Amazon, Alphabet and Meta would keep accelerating spending on the buildout of data centers.
Dividend alert! Last day to buy HCL Tech, MRF, Dabur, among 68 stocks for dividend payout worth Rs 1,365
68 stocks will turn ex-record date for dividends today. Investors must buy shares today to receive these upcoming dividend payments. HCL Tech, MRF, and Dabur are among the prominent companies offering payouts. 3M India leads with the highest overall dividend payout per share. This event marks the final opportunity for investors to secure these dividends.
AI selloff drives quant funds' worst performance since August
Hedge funds have recently faced substantial setbacks, primarily due to widespread trades within unstable markets. Systematic managers lost about 25% of their returns for the year, significantly affecting their overall performance. This downturn arose from substantial bets on U.S. and Asian equities, both of which faced dramatic price fluctuations. Additionally, fundamental managers also reported losses after withdrawing from the saturated tech sector.
Byju gets jail term; SC backs 28% gaming GST
Legal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top 5.
Who is this 20-year-old claiming to be the 'Gen Z President' of a new country, offering passports, PR and identity cards?
Daniel Jackson: A young man has claimed a small patch of land along the Danube River as a new nation. He calls it the Free Republic of Verdis. Croatian authorities reject this claim. The project began as an online idea and has gained thousands of online supporters. An attempt to settle the land was quickly stopped by police.
US stock market today: Wall Street advances as Dow, S&P 500, Nasdaq gain on Nvidia, Oracle strength
US stock market today: Wall Street gains as investors positioned cautiously. The Dow Jones Industrial Average rose 106 points while the S&P 500 climbed. The Nasdaq Composite advanced 0.6% as technology shares led momentum. NVIDIA climbed on China shipment hopes. Oracle gained as AI optimism returned. Markets remain wary over valuations and a fading Santa rally. Thin holiday trading could amplify moves into year-end.
Tata Electronics hires experts to redesign fab to factor in Dholera's unique soil conditions
The company onboarded global geo-data solutions player Fugro as well as Indian geotechnical engineering consulting firm Cengrs and testing and inspecting firm Geo Dynamics Engineers, to analyse the geology of the project and help to redesign the foundations at Dholera in Gujarat.
South Korean shares hit fresh record as chip, pharma stocks rally
South Korean shares reached a record high on Tuesday. Chipmakers saw gains due to optimism surrounding Micron Technology's upcoming results. Celltrion's shares surged following its acquisition of a US factory from Eli Lilly. Samsung Electronics and SK Hynix also experienced increases. Foreign investors were net buyers of Korean shares. The Korean won weakened slightly against the dollar.
South Korean shares hit record high as Samsung Electronics jumps
South Korean shares surged to a record high, fueled by investor optimism in the semiconductor industry, particularly benefiting Samsung Electronics and SK Hynix. The KOSPI benchmark rose significantly, driven by expectations of robust chip demand due to the artificial intelligence boom. Investors are closely watching Micron Technology's upcoming earnings for further insights into the sector's outlook.
All the ways China could respond to Trump’s ramped up trade war
President Trump has ramped up actions in the US-China trade war, with potential new tariffs. China, though muted in response, has ways to retaliate, including weakening the yuan, restricting exports of key inputs, or targeting US companies. A sell-off of US Treasuries by China poses significant global financial risks.
Ola Electric IPO pricing; insolvency order against Byju’s
Ola Electric's initial public offering (IPO) may hit the market at 30% below its last valuation. This and more on today’s ETtech Top 5.
United Spirits, Axis Bank among 18 stocks to trade ex-dividend from Friday
Here's a concise synopsis: Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the T+1 framework, the record date and ex-date are usually identical, except when a market holiday falls after the ex-date.
Chipmaker Micron settles IP theft lawsuit amid push to repair Beijing ties
The settlement comes months after the Chinese government in May barred Micron’s chips from “critical infrastructure” over cybersecurity concerns.
S&P 500, Nasdaq end up as Nvidia surge leads megacap higher
Nvidia jumped 7.1%, its biggest single-day increase since May 25, when its 24% surge on a stellar revenue forecast pointed to the game-changing potential of artificial intelligence.
US, chipmaker Micron settle claim of immigration-related discrimination
Micron will pay a civil penalty to the United States and offer back pay totaling $85,000 to the affected worker, according to the settlement details. The amount of the civil penalty was not specified in the Justice Department statement.
ETMarkets After Hours: 181 stocks at 52-wk highs; CLSA upgrade lifts Idea
The bulls on Dalal Street drubbed the bears comprehensively on Friday.
Delhi air has high doses of most toxic pollutant
Delhi’s air pollution levels are among the worst in the world but new research is pointing at something even more worrying.
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