KGWV · U.S. MARKET INTELLIGENCE
U.S. storage-chip stocks moved higher in premarket trading. SanDisk rose more than 6%, Micron Technology gained 3%, Western Digital climbed nearly 3%, and Seagate Technology advanced more than 2%.
Jim Cramer said Thursday that Cisco’s sharp post-earnings decline was not a negative development but instead created an excellent buying opportunity. He said investors should not sell reflexively because of conservative guidance, particularly when management h…
OpenAI said Thursday that Chief Revenue Officer Denise Dresser will leave the company to pursue “other opportunities.” She joined OpenAI in December 2025 and was responsible for building its enterprise business, serving in the role for about eight months. Her…
Apple has trained a large language model specifically for the Chinese market, according to media reports citing people familiar with the matter, in a significant shift in its China strategy. Apple’s AI features in China had previously relied mainly on third-pa…
Goldman Sachs said in a recent research report that Sandisk’s investor day delivered stronger-than-expected signals on the company’s long-term earnings potential and shareholder returns. The bank also said high-bandwidth flash, or HBF, technology could create…
Michael Burry, the investor known for accurately predicting the 2008 subprime mortgage crisis, has further increased his short position against Nvidia. In a Substack post, Burry disclosed that, as of Aug. 11, he was expanding his bearish position in the chip g…
According to regulatory filings, SK Hynix recognized a 3.98 trillion won loss in derivative transactions related to exchangeable bonds issued in April 2023 during the first half of 2026. The loss resulted from bondholders exercising their exchange rights and a…
All major asset classes recorded net inflows in the week ended Aug. 12, with money-market funds and bond funds attracting the most, Bank of America said. Citing EPFR Global data, Bank of America said money-market funds attracted $25.4 billion in inflows during…
Trustar Capital, an affiliate of CITIC Capital, has reportedly been identified as the buyer of Alibaba’s Lingxi Interactive Entertainment. The sale price is expected to exceed 1.5 billion, equivalent to approximately 10.1 billion yuan, according to 21st Centur…
According to regulatory filings, SK hynix recognized a 3.98 trillion won loss on derivatives related to exchangeable bonds issued in April 2023 during the first half of 2026. The loss resulted from bondholders exercising their exchange rights and a rise in SK…