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SK Hynix's Record Profit Misses Investors' Lofty AI Expectations
Bloomberg59d agobearish
SK Hynix's Record Profit Misses Investors' Lofty AI Expectations

(Bloomberg) -- SK Hynix Inc.'s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the semiconductor industry may be decelerating. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia's $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeSpaceX Rebounds After Briefly Plunging 20% Bel

Bloomberg59d agobearish
SK Hynix’s Record Profit Misses Investors’ Lofty AI Expectations

(Bloomberg) -- SK Hynix Inc.’s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the semiconductor industry may be decelerating. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeSpaceX Rebounds After Briefly Plunging 20% Bel

Apple briefly becomes second company ever to notch $5 trillion market value
Reuters60d agoneutral
Apple briefly becomes second company ever to notch $5 trillion market value

Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after ‌Nvidia. Its shares were last up 0.2% at $337.7, giving it a market capitalization of $4.96 ‌trillion. The iPhone maker became the most valuable company ​in the world earlier this month, overtaking chip giant Nvidia - which had been at the top since June 2025 and was the first company ever to breach the $5 trillion threshold.

What’s Behind the Selloff in Chip Stocks?
The Wall Street Journal60d agobearish
What’s Behind the Selloff in Chip Stocks?

Asian chip stocks sold off today, pushing South Korea’s Kospi index 10% lower and Japan’s Nikkei 4% in the red. That followed a tough session for U.S. chipmakers that looks set to extend to today, with Intel, Micron and others sliding premarket.

Nvidia behind $50 billion lease on Texas data center, FT reports
Reuters60d agoneutral
Nvidia behind $50 billion lease on Texas data center, FT reports

Nvidia has ‌signed ‌leases worth up ​to $50 billion for a data ‌center in ⁠Texas that Hut ⁠8 is building, ​the ​Financial ​Times reported ‌on Tuesday, citing five people familiar with ‌the ​deal. Reuters ​could ​not ‌immediately verify the ​report. (Reporting ​by Gnaneshwar Rajan ​in ‌Bengaluru; Editing ​by Sonia ​Cheema)