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The world’s wildest stock market
The Telegraph120d agoneutral
The world’s wildest stock market

On a South Korean online forum this week, “Muenyu” related how his wife had recently seen her sister with a new designer handbag worth 5m won (£2,480) and asked how she’d afforded it.

'Immense' leverage: why AI chip workers are demanding more
AFP120d agoneutral
'Immense' leverage: why AI chip workers are demanding more

Runaway profits and sky-high valuations for microchip companies have fuelled worker demands over pay packages in South Korea, raising the question: who profits from the artificial intelligence boom?The Samsung agreement is fuelling labour demands in other sectors across South Korea -- with workers in industries from biotech and autos to shipbuilding asking for a larger share of corporate profits through bonuses.

How Much Further Can the Chip Rally Run?
The Wall Street Journal120d agobullish
How Much Further Can the Chip Rally Run?

Even by the standards of the artificial-intelligence boom, the gains in chip stocks this year have been extraordinary. Sandisk has soared 570%. Intel has more than tripled. Samsung, Micron and SK Hynix have all climbed into the ranks of $1 trillion companies.

The ‘Insatiable’ Logic Behind Micron’s ‘Extreme’ Gains
Barrons.com121d agoneutral
The ‘Insatiable’ Logic Behind Micron’s ‘Extreme’ Gains

Memory chips are the hottest play on artificial-intelligence hardware, and Micron Technology has been among the hottest stocks in the space. It has company in SK Hynix, the South Korean memory-chip maker, whose shares have also surged. Micron stock had an incredible day on Tuesday, when it surged 19% after UBS raised its price target on the stock to $1,625 from $535, arguing long-term supply agreements justified a higher price-to-earnings ratio for the company.

14 Companies Now Worth Over $1 Trillion
24/7 Wall St.121d agoneutral
14 Companies Now Worth Over $1 Trillion

It is becoming easier to get into the $1 trillion market-cap club. SK Hynix and Micron Technology now belong because of the demand for memory chips. SK Hynix’s 12-month stock price jump reached 1000%. The two joined Samsung, which was recently added to the list. The $1 trillion plus list has 14 members. (The club ... 14 Companies Now Worth Over $1 Trillion

Micron Stock Rises Wednesday. It’s Not the Only Memory Giant Joining the Trillion-Dollar Club.
Barrons.com121d agoneutral
Micron Stock Rises Wednesday. It’s Not the Only Memory Giant Joining the Trillion-Dollar Club.

Micron Technology was gaining again early Wednesday as it built on its surge from the previous day. Micron shares were up 5.5% at $945.04 in premarket trading. The stock rose 19% on Tuesday, fueled by a research note from UBS which raised its price target for Micron to $1,625 from $535, arguing long-term supply agreements justified a higher price-to-earnings ratio for the company.

Memory Chip Giant CXMT Heads for China’s Biggest IPO Since 2022
Bloomberg121d agoneutral
Memory Chip Giant CXMT Heads for China’s Biggest IPO Since 2022

(Bloomberg) -- Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that’s on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detai

Asia stocks see tech gains as investors weigh US-Iran deal
AFP121d agobearish
Asia stocks see tech gains as investors weigh US-Iran deal

Asian equities were mixed on Wednesday with gains driven by soaring tech stocks and guarded optimism the United States and Iran will reach a peace deal."There remains an air of cautious optimism in markets that an MoU between the US and Iran will be signed and detailed throughout the week, although the central expectation and broad positive sentiment has been dented by the recent US defence strikes and Iran stating these measures breach the agreement," said Chris Weston, head of research at Pepp

SK Hynix Becomes Latest $1 Trillion Company
The Wall Street Journal121d agoneutral
SK Hynix Becomes Latest $1 Trillion Company

Memory-chip maker SK Hynix is the latest company to ride the AI chip boom into the elite $1 trillion market-cap club. Shares in the company—the world’s second-largest memory-chip maker—have more than tripled this year.

Samsung workers approve pay deal, shares surge
Reuters Videos121d agobullishVIDEO
Samsung workers approve pay deal, shares surge

<body><p>STORY: :: Archive</p><p>Unionized workers at Samsung Electronics have approved a highly contentious bonus pay deal, averting a massive 18-day strike.</p><p>Two unions for the world's largest memory chip maker said Wednesday that 74% of over 62,000 workers who cast their votes had backed the deal.</p><p>Shares in Samsung surged around 7% in morning trade following the news.&nbsp;</p><p>The government-mediated agreement brought relief across South Korea as Samsung accounts for roughly a quarter of the country's exports.</p><p>But the agreement also exacerbates deep disparities in fortunes among workers at the conglomerate.</p><p>:: Archive</p><p>It mainly benefits staff in the memory chip division, which has seen profits soar due to the colossal investments globally in AI.</p><p>Some of those workers are set to receive bonuses of around $416,000 this year.</p><p>Workers in Samsung's other chip units will receive less but still substantial bonuses, while employees in its consumer electronics divisions are set to receive very little by comparison.</p></body>

Analysis-Samsung pay deal marks seismic change for South Korea, emboldening unions
Reuters122d agoneutral
Analysis-Samsung pay deal marks seismic change for South Korea, emboldening unions

The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip workers eye-popping bonuses. It also opens a Pandora's box for companies in South Korea - a country known for militant wage-bargaining. Unionised Samsung workers voted in favour of the government-mediated pact on Wednesday, marking the first big win for a Samsung union. ‌More significantly, it is only the second time that a major South Korean company has agreed in writing to reward workers with a fixed percentage of operating profit.