KGWV · U.S. MARKET INTELLIGENCE
Major AI chipmakers are moving away from using GPUs for every task and toward heterogeneous chip architectures. On Aug. 6, AMD (AMD) announced that it would acquire Taalas, a startup developing inference chips. AMD plans to add Taalas’ technology to its full-s…
During the opening phase of trading in New York on Aug. 7, U.S. storage stocks moved sharply lower, with all four named stocks turning down. As of publication, Seagate Technology was down 5.59%, SK hynix was down 3.16%, Western Digital was down 3.11%, and SanD…
U.S. storage stocks extended their declines.
South Korea’s stock market surged earlier this year on enthusiasm for artificial intelligence and semiconductors, then suffered a sharp correction. Many retail investors chased popular technology stocks through margin trading and highly leveraged exchange-trad…
Apple has adjusted trade-in values for several iPhone, iPad, Mac and Apple Watch models and added more Android phones to its trade-in program, potentially offering some relief to consumers increasingly feeling price pressure. The largest increases in the value…
The Nasdaq Golden Dragon China Index closed 0.82% higher. Zhongjin Medical rose 11.98%, Zai Lab gained 11.78%, Canaan Technology advanced 10.55%, China-Belgium Energy climbed 9.11%, and Daqo New Energy increased 8.78%.
U.S. stocks finished higher, with all three major indexes advancing. The Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.62% and the Nasdaq Composite climbed 1.3%. The S&P 500 also posted another record close. Optical communications stocks rallie…
U.S. stocks rose across the board on Aug. 7, as weak nonfarm payrolls data reduced expectations for a Federal Reserve rate hike. The S&P 500 closed at a record high. The Dow Jones Industrial Average ended at 54,036.93, up 0.28%. The Nasdaq Composite closed at…
Walt Disney Co. is entering a period of intensive global expansion. On Aug. 6, the company reported fiscal third-quarter 2026 revenue of $25.2 billion and pretax profit of $3.6 billion, up 14% from a year earlier. Its Experiences segment stood out, generating…
Elon Musk's Terafab superchip factory project has moved from the planning stage to a concrete investment commitment. SpaceX said on its website Thursday that construction of the Terafab plant will begin in Grimes County, Texas. The initial investment from Spac…