NVIDIA CORP
South Korean shares rebound as chipmakers recover from AI-driven selloff
South Korean shares rebounded on Monday as benchmark index KOSPI rose over 1.5%. Chip giants Samsung Electronics and SK Hynix led the recovery following Wall Street gains and government assurances over Nvidia GPU supply continuity, despite remaining net selling pressure from foreign investors.
D-Street poised for positive start as GIFT Nifty signals gains
The Indian market concluded lower during the special Muhurat Trading session, breaking a seven-session winning streak. Analysts indicate strong institutional participation and corporate earnings underpin the market structure. India VIX rose by 12% to reflect increased market fear, settling at 17.46 levels. Foreign portfolio investors net bought shares worth Rs 13,749 crore, while domestic investors sold shares.
Global Market Today: Asian stocks open mostly higher, Nvidia probe looms
Benchmark stock indexes rose in Japan and Australia after a gauge of US semiconductor shares jumped 4.2% on Friday as speculation about possible tighter Democratic party regulation of the artificial intelligence industry eased. The MSCI Asia Pacific Index of equities gained 0.5%.
US stocks suffer worst rout since 2020: Dow plunges 1,800 points, Nasdaq crashes 5.5% as AI fears wipe out $3 trillion
Wall Street experienced a major selloff in technology stocks following recent midterm election outcomes. The Nasdaq Composite recorded its steepest decline in 19 months, while the S&P 500 also fell sharply. Investors are worried about potential regulations impacting AI infrastructure growth amid increasing political resistance. Major chipmakers, including Nvidia, saw significant losses alongside other AI-related companies. Analysts are closely monitoring upcoming economic data to gauge the Federal Reserve's actions.
Nomura silences AI doubters, says Kospi can hit 10,000 mark to double as fundamentals are intact
South Korea's Kospi plunged to a nine-month low amid fears that US political shifts could slow AI infrastructure spending and hurt chip demand. However, Nomura remains bullish, projecting a potential recovery towards 10,000, with a near-term target of 7,500–8,000.
Infosys, Wipro, TCS and other IT stocks rise up to 3% as US AI rout deepens; is the bubble bursting?
In the wake of a worldwide AI stock decline, companies such as Infosys and TCS have seen their shares rise, demonstrating a contrasting trend. This downturn has sparked fears of impending regulations within the sector, prompting analysts to predict that Indian IT companies might leverage this moment to enhance their entrepreneurial AI ventures, all while experts caution against excessive financial commitments in the AI landscape.
- Go To Page 1
AI meltdown: Kospi crashes 9%, hits 9-month low as Wall Street bloodbath after midterm elections spills to Asia; circuit breaker triggered
The sell-off followed a global market rout on Thursday, which saw the Nasdaq 100 plunge 6.4%, wiping out a record $2.3 trillion in market value. The weakness extended across Asia on Friday, with chip-heavy indices coming under pressure. Japan's Nikkei 225 Stock Average and Taiwan's Taiex were also on course to enter technical bear market territory, having fallen 20% from their respective peaks.
Global Market Today: Asian stocks join US selloff as AI slump deepens
South Korea’s tech-heavy Kospi Index slid 8.8% in early trading, triggering a circuit breaker, with chipmakers Samsung Electronics Co. and SK Hynix Inc. both plunging more than 9%. Japan’s benchmark Nikkei 225 Stock Average lost 6.2%, while the MSCI Asia Pacific Index declined 2.9%. Futures pointed to losses in Taiwan, Hong Kong and China.
Nasdaq set to confirm correction as AI stocks tumble
The shock selloff comes a day after the Democrats' election victory including in some key data-center states drove concerns about a slowdown in the AI data-center buildout, optimism about which had pushed stock markets to record highs earlier this year.
US midterm results threaten data center boom as AI backlash grows
US midterm election results have raised fresh concerns over the future of America's data centre boom, with Democratic victories in Texas and Georgia strengthening opposition to new projects. Investors fear tighter regulations, construction moratoriums and reduced tax incentives could disrupt AI infrastructure spending, putting nearly 45% of planned US capacity at risk.
Donald Trump's midterm drubbing demonstrates the power of data center opponents
Democrat victories in recent midterm elections signal a shift in public sentiment regarding data centers and AI technology. Key races in Texas and Georgia brought significant wins for candidates opposing data center development. Analysts estimate that nearly half of planned US data center capacity could face new regulations and moratoriums. Concerns have emerged over potential slowdown effects on the AI and technology sectors as stocks decline.
US stock futures rise after midterms: Why are Dow Jones futures up nearly 800 points despite a Democratic sweep? S&P 500, Nasdaq gain as AMD and Nvidia stocks climb
Why are US stock futures rising after Democrats win the Senate and House? Dow leads Wall Street rally as AMD, Nvidia and semiconductor stocks gain. Earlier, at 06:02 ET, Dow futures were up 801 points, or 1.6%. S&P 500 futures were up 80 points, or 1.1%, and Nasdaq 100 futures were up 286 points, or 1.0%.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities rallied nearly 2%, with Sensex gaining 1,225 points and Nifty rising 370 points. Falling crude prices, renewed FII buying, resilient earnings and expectations of LTCG tax changes boosted sentiment, adding nearly Rs 4 lakh crore to market capitalisation.
Meet Hannah Pollack, a former marine who spent $20 on an ice cream sandwich side hustle in 2016; 10 years later, her business was making $3 million a month
Pollack and Xavier worked on the business. They started making ice cream sandwiches for just $20. Usually, this is not a very big investment in the initial stages of a business. But, it was enough to buy ingredients for 20 sandwiches. Together, they built the business and named it Nightingale Ice Cream Sandwiches.
AI debutant’s flameout stokes fears boom is ending
Elice, a data center and AI developer, faced a significant decline in its stock price during its debut. This situation exemplifies a broader trend where investors are increasingly skeptical about AI valuations and prospects. Several companies, including CoreWeave and Firmus Grid, have also encountered investor pushback regarding their financial outlooks. Rising borrowing costs are contributing to these concerns, impacting the performance of tech stocks, including semiconductors.
CoreWeave stock wipeout exposes divide between AI fear and greed
CoreWeave Inc. is navigating turbulent stock trends due to climbing bond yields and investor trepidation over its debt, raising fears of default. Although a temporary boost followed optimistic comments from Nvidia's CEO, the overall sentiment leans towards caution. Analysts believe that while funding needs are pressing, robust AI demand could mitigate rate worries. Furthermore, CoreWeave's alliance with Nvidia may be a vital source of financial support in these unpredictable conditions.
India’s family offices bet on homegrown AI firms to gain ground
India’s tech landscape is witnessing an influx of investments from family offices and wealthy individuals. Key players like Premji Invest and Claypond Capital are funding promising AI startups. With at least six companies achieving unicorn status, the environment for AI is becoming increasingly supportive. This shift highlights the need for sustained investment in India’s AI ecosystem. The growth potential is significant, despite challenges in funding and competition.
Global Market Today: Asian stocks advance as selloff in chips eases
The MSCI Asia Pacific Index advanced 0.6%, led by stocks in South Korea. Chip stocks rose with Samsung Electronics Co. and SK Hynix Inc. both edging higher. Earlier, the S&P 500 erased losses and edged up to close 0.3% higher on Thursday.
Nvidia CEO Jensen Huang says he would cut off customers who build unsafe AI
Nvidia is the dominant supplier of artificial intelligence accelerators, the chips used to train and run AI models. That’s put it at the center of a debate over whether the software risks growing too powerful and slipping out of human control. AI executives such as Anthropic PBC CEO Dario Amodei have proposed an industrywide slowdown to address the concerns.
Could Iran target the Gulf’s digital backbone? The risks to data centres and internet cables explained
Iran's warning raises concerns about the vulnerability of Gulf data centres and digital infrastructure to potential attacks. Recent escalations have already disrupted Amazon Web Services facilities in the UAE and Bahrain, highlighting the risk. The Gulf has invested significantly in emerging technologies, making security a critical focus for governments and companies. Developing alternative routes for connectivity will be essential to mitigate these threats.
Sarvam plans big fundraise; HCLTech's Q2 profit jumps
Happy Tuesday! Sarvam is in talks for a big round that could double its valuation to $3 billion. This and more in today’s ETtech Morning Dispatch.
AI startup Sarvam in talks for $300 million top-up; valuation may double to $3 billion
The startup builds Indian-language AI models and applications for government agencies and businesses, including banks and insurers. Its customers include Life Insurance Corp. of India, SBI Life, IDFC First Bank, Tata Capital and Cred. Maharashtra has approved deployment of Sarvam’s Indus AI workspace across departments for drafting, translation and document analysis, with government data hosted within India.
Firmus $5 billion float failure deals blow to Australia's shrinking share market
Firmus has decided to scrap its ambitious $5 billion IPO, primarily due to the prevailing market volatility. This choice is a major blow to the Australian Securities Exchange, which is facing a downturn in available listings. Investors had hoped that this IPO would introduce more diversity to a market overly dependent on significant banks and miners.
Global Market Today: Asian stocks drop on tech jitters, oil edges lower
The MSCI Asia Pacific equities index edged 0.1% lower early Friday. Japan’s Nikkei fell over 1%, with Softbank Group Corp. declining more than 5%. The regional moves came after the Nasdaq 100 Index sank 1.4%, its worst day in seven weeks, while a US gauge of chipmakers slumped 3.4%. The S&P 500 Index dropped 0.5%. Markets are closed in South Korea and Taiwan.
Nvidia soars near $6 trillion market cap with stock back at high
Nvidia has witnessed a remarkable surge in its stock price, propelled by a promising revenue forecast and a robust buyback initiative. The company’s shares have soared by 28% in 2026, contributing nearly $1.2 trillion to its market capitalisation. Amidst rising interest rates and economic volatility, investors are increasingly turning to Nvidia, positioning it as a cornerstone of the S&P 500 Index's success this year.
Global Market Today: Asian stocks hold near record highs, oil climbs
MSCI’s Asia Pacific equities gauge edged up 0.1%, helped by advances in Japan, while South Korean shares reversed an early decline to rise 0.2%. The regional benchmark is less than 2% from its peak.
Global Market Today: Asian stocks rise after US tech rally, oil dips
MSCI’s Asia Pacific Index edged up 0.1%. Earlier, shares climbed on Wall Street after a rally in Nvidia Corp. and Microsoft Corp. helped the S&P 500 Index close near an all-time high.
Nscale hires Meta’s Justin Osofsky to be COO ahead of IPO
The new COO, Justin Osofksy, worked at Meta for 18 years in various executive roles and was most recently its chief partnerships officer.
Load More
