TECHNOLOGY SHARES
US stocks: S&P 500, Nasdaq close lower as Nvidia woes and rate-hike bets pressure US market
The S&P 500 and Nasdaq experienced declines on Friday, primarily driven by concerns surrounding Nvidia and CEO Jensen Huang's resignation. The tech sector faced increased pressure, particularly the Philadelphia Semiconductor Index, which fell significantly. Although inflation data suggested a slightly lower increase, expectations for further Federal Reserve rate hikes remained unchanged. Major technology companies, including Advanced Micro Devices and Broadcom, contributed to the losses in the sector.
European shares retreat from record highs as Nvidia CEO exit rattles AI trade
European shares slipped from record highs as uncertainty surrounding Nvidia CEO Jensen Huang’s resignation weighed on AI sentiment. The STOXX 600 fell 0.2%, despite strong weekly gains. Technology stocks declined, while Richemont plunged 7% after slowing sales growth raised concerns over luxury market demand.
Chinese AI stocks, hardware suppliers slide as Nvidia CEO exit fuels US-China chip fears
Chinese AI and semiconductor stocks decline amid concerns over Nvidia leadership changes and tighter US chip export restrictions. Fears of disrupted technology access intensify pressure on AI developers and hardware suppliers, while domestic chipmakers gain.
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.
Bitcoin price today: BTC USD falls near $71,000 after Jensen Huang resigns as Nvidia CEO and ETF outflows hit $1.44 billion in five days
Bitcoin price (BTC USD) today: dropped to around $71,000, reaching its lowest level since August after Jensen Huang resigned as Nvidia CEO. However, BTC USD had already been declining before the announcement, with $1.44 billion in five-day spot Bitcoin ETF outflows, weakness in technology stocks and a close correlation with the Nasdaq 100 adding to market pressure.
Jensen Huang resigns: Where are Nvidia's other two co-founders? One could have been world's 2nd richest person after Elon Musk had he not sold his shares that could be worth $600 billion today
Nvidia's co-founder Jensen Huang has stepped down as CEO, temporarily succeeded by Chief Financial Officer Colette Kress. Chris Malachowsky remains with the company as a member of the executive staff and has made significant contributions. In contrast, Curtis Priem sold all his Nvidia shares in 2006 and focuses on philanthropy, having donated over $275 million to Rensselaer Polytechnic Institute.
US stock market selloff: Four indicators suggest correction may not be over
Four key indicators suggest the US stock market correction may not be over, despite some stabilisation in technology shares. Easing investor positioning and stock correlations offer relief, but options activity and technical signals continue to point to caution.
South Korean shares rise as tech stocks rebound on Wall Street
South Korean shares edge higher 0.36%, supported by gains in technology stocks following Wall Street’s rebound. Samsung Electronics and SK Hynix advance as foreign investors buy equities. Despite uncertainty surrounding Nvidia CEO Jensen Huang, the won strengthens against the dollar, while government bond yields decline amid mixed broader market sentiment.
Global Market Today: Asian stocks mixed as Nvidia turmoil hits AI-linked shares
Nasdaq 100 futures fell over 1% and S&P 500 contracts lost 0.5% after Nvidia tumbled about 10% in late trading. The company’s board is meeting to discuss Huang’s future after he admitted to an affair with a woman US officials reportedly believe is a Chinese spy, according to a person familiar with the matter.
Aditya Infotech block deal: Dixon Tech offloads shares worth Rs 582 crore; Motilal Oswal MF, Kotak MF buyers
Dixon Technologies (India) sold over 14 lakh shares of Aditya Infotech through block deals worth approximately Rs 581.65 crore. Motilal Oswal Mutual Fund and Kotak Mahindra Mutual Fund purchased the shares at Rs 4,140 each. This transaction occurred after Aditya Infotech reported impressive Q2 results, with a significant increase in profit and revenue. Additionally, the company plans to invest in KGraph AI Solutions to enhance technology capabilities.
US stock market today: S&P 500 and Nasdaq race towards record highs as Nvidia leads AI stock comeback, CoreWeave surges 16% – why is Dow Jones missing the rally?
US stock market rally today: The S&P 500 climbed above 7,600 in Wednesday’s early trading as investors returned to technology stocks after two sessions of heavy selling. Nvidia rose nearly 3%, while CoreWeave gained more than 16% after strong quarterly results. The Nasdaq advanced 1.30% today, but the Dow remained almost flat as the AI trade regained momentum.
TSMC to invest up to USD 1 billion in Anthropic, OpenAI
Taiwan Semiconductor Manufacturing Company (TSMC) has approved investments of up to USD 1 billion in two major Artificial Intelligence companies, Anthropic and OpenAI, as the world's largest dedicated semiconductor foundry expands its strategic presence in the technology ecosystem.
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.
Stock Picks of the Week: 5 stocks with consistent score improvement and upside potential of up to 35% in 1 year, according to analysts
The market weathered a whole bad patch with almost no FPI money coming in. But it cuts the other way too. When so little has been flowing in, even a small amount of FPI buying can move the market more than it normally would. That said, the mood has turned from bearish to cautiously optimistic, thanks largely to dropping oil prices. None of that changes your basic job as an investor: Study companies, look at earnings, and keep quality front and centre.
Japan's Nikkei rebounds 2% after tech stock rout
Japan's Nikkei 225 rebounded 2% on Monday following a sharp technology stock selloff that pushed the benchmark into bear market territory. The recovery was driven by Wall Street gains and tech sector stabilization, though market sentiment remained cautious amid ongoing Middle East tensions and US regulatory concerns.
AI selloff hits India too: TD Power, HFCL, Sterlite, other power capex-linked stocks crash up to 15%
Indian power capex and AI-linked stocks tumbled as a global technology sell-off spread across markets, with TD Power and Thermax plunging 15% each. Concerns that US midterm election results could slow data centre expansion and AI infrastructure spending triggered sharp losses across Asian technology stocks and domestic market-linked companies.
Chinese stocks fall as investors unimpressed by fresh market support measures
Chinese stocks declined as selling in energy and technology shares outweighed fresh regulatory measures aimed at supporting the market. Investor sentiment remained weak amid concerns over the property sector and disappointment that the latest policy steps fell short of expectations.
SFC Environmental Technologies shares debut at nearly 8% premium to IPO price
In a landmark event, SFC Environmental Technologies debuted on the stock exchange with a promising start, opening at a premium. The IPO garnered impressive attention, being oversubscribed 9.47 times. Institutional investors showed particular interest, leading to an 18.81 times subscription in the QIB segment. The raised capital will be directed towards settling borrowings and facilitating working capital. SFC is known for its cutting-edge solutions in managing wastewater and solid waste.
Dixon Technologies shares gain 11% after Q2 revenue jumps 47% YoY
Dixon Technologies shares surged 11% after the company reported a 46.7% YoY rise in Q2FY27 revenue to Rs 21,794 crore. However, net profit fell 48.7% to Rs 343.7 crore, while EBITDA declined 37% to Rs 666 crore. EBITDA margin contracted to 3.1% from 7.1% a year ago, despite higher revenue and operating profit growth.
Load More
