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A New Brand Of Inflation Slams This Smartphone Segment
Investor's Business Daily6h agoneutral
A New Brand Of Inflation Slams This Smartphone Segment

Still healing from sticker shock after Apple's latest launch? You may want to look away. A variation on the force driving up even the price of year-old iPhones — to say nothing of $3,000-plus models — is chomping away at budget phones. While high-end iPhones run atop bestseller lists, they're still outnumbered by a vast array of alternatives — from...

Gadgets Are Going Premium—and Manufacturers Are Raking It In
The Wall Street Journal1d agoneutral
Gadgets Are Going Premium—and Manufacturers Are Raking It In

Apple’s iPhones, for example, are projected by Wall Street analysts to generate 17% more revenue this calendar year, according to FactSet. The main reason for the disconnect between sales and revenue are memory chip prices, which are being driven higher by the AI race.

Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting
Associated Press3d agoneutral
Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting

Asian shares mostly advanced Monday as investors monitor updates ahead of the expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping this week in Washington which could cover trade, artificial intelligence and geopolitics. U.S. futures were higher, after Treasury Secretary Scott Bessent told reporters following talks Sunday with Chinese Vice Premier He Lifeng in New York ahead of the two leaders’ meeting that the U.S. had “a very successful engagement” with the Chinese side. Samsung Electronics jumped 5%, while memory chipmaker SK Hynix climbed 1%.

Chip Stocks Dive on Talk of AI Slowdown
The Wall Street Journal10d agoneutral
Chip Stocks Dive on Talk of AI Slowdown

Asian and European chip stocks tumbled Monday after leaders of the world’s biggest artificial intelligence companies called for the industry to slow development of the technology for safety reasons. Nvidia and Intel are down in premarket trading.

Korea Central Bank Sounds Alarm About AI Trading Frenzy
The Wall Street Journal14d agoneutral
Korea Central Bank Sounds Alarm About AI Trading Frenzy

The AI boom turned Korea's stock market into the world's craziest as investors piled into leveraged ETFs to bet on chip giants Samsung and SK Hynix. The volatility is worrying regulators. “Leveraged investment targeting domestic stocks expanded not only domestically but also in international financial markets, creating unexpected spillover effects,” the Bank of Korea said Thursday.

My First Impressions of the New Folding iPhone Duo
The Wall Street Journal14d agoneutral
My First Impressions of the New Folding iPhone Duo

WSJ’s Nicole Nguyen tried out the new foldable iPhone Duo following Apple’s keynote address. The $1,999 device is the biggest shake-up to Apple’s smartphone lineup in years. CUPERTINO, Calif.—As I watched a Netflix show on Apple’s first foldable, the iPhone Duo, I had two surprising thoughts.

Mistral AI Raises  3 Billion With Samsung Leading the Round
Bloomberg16d agoneutralVIDEO
Mistral AI Raises 3 Billion With Samsung Leading the Round

French artificial intelligence company Mistral AI is raising 3 billion ($3.49 billion) in a Series D funding round, with Samsung Electronics joining the round. Chief Executive Officer Arthur Mensch argues that the company is probably still undervalued and that macroeconomic reasons are starting to show that open source models will win. He speaks with Bloomberg's Tom Mackenzie.