(Bloomberg) — SK Hynix Inc. (000660.KS) shares jumped to an all-time high after local media said the company is the sole supplier of advanced memory for Microsoft Corp.’s (MSFT) new artificial intelligence chip. The stock closed 8.7% higher on the Korea Exchange, erasing an early loss on the latest tariff threat from US President Donald Trump. The shares have continued to climb this year, extendin...
(Bloomberg) — SK Hynix Inc. (000660.KS) shares jumped to an all-time high after local media said the company is the sole supplier of advanced memory for Microsoft Corp.’s (MSFT) new artificial intelligence chip. The stock closed 8.7% higher on the Korea Exchange, erasing an early loss on the latest tariff threat from US President Donald Trump. The shares have continued to climb this year, extending an AI-fueled rally that has driven the South Korean company to a market value of more than $400 billion. Most Read from Bloomberg Each of the Maia 200 accelerators unveiled by Microsoft on Monday will use six units of SK Hynix’s HBM3E, Maeil Business Newspaper reported, citing chip industry and brokerage sources. SK Hynix is unable to confirm or disclose any customer-related information, a company spokesperson said in a text message. The firm’s shares have surged tenfold in around three years, riding investor enthusiasm for AI thanks to its early supply deal with Nvidia Corp. Pricing of legacy memory chips has started to improve as well, boosting the outlook for SK Hynix ahead of its results due Thursday. The gain on Tuesday was supported by “dip buying and rising HBM earnings expectations,” said Jung In Yun, chief executive officer at Fibonacci Asset Management Global. “We will probably see SK Hynix earnings meeting expectations again,” he added. Another positive tailwind came as Citigroup Inc. hiked its price target for SK Hynix by 56% to a street-high 1,400,000 won. They maintained their buy rating and opened a 30-day upside catalyst watch on the stock. “The memory market is shifting toward semi-customization, with memory customers required to sign a contract a year prior to actual product delivery,” analyst Peter Lee wrote in a note Monday. “In 2026, we foresee global DRAM/NAND pricing growth to be significantly better than expected.” (Updates data as of close) Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Po...
JHVEPhoto Amazon Web Services secured a ~$581.3M firm-fixed-price contract for the Cloud One Program. This contract provides for Amazon Cloud Service supporting the Air Force's Cloud One Program and their customers. The work will be performed at the contractor's designated facilities across the contiguous U.S. and is expected to be completed by Dec. 7, 2028. The fiscal 2026 operations and maintena...
JHVEPhoto Amazon Web Services secured a ~$581.3M firm-fixed-price contract for the Cloud One Program. This contract provides for Amazon Cloud Service supporting the Air Force's Cloud One Program and their customers. The work will be performed at the contractor's designated facilities across the contiguous U.S. and is expected to be completed by Dec. 7, 2028. The fiscal 2026 operations and maintenance funds in the amount of ~$3.5M are being obligated at the time of award. The Air Force Life Cycle Management Center, Massachusetts, is the contracting entity. More on Amazon Amazon's Valuation Makes No Sense Amazon: A Cautious Buy With 2 Major Caveats (Rating Upgrade) Amazon: The K-Shaped Economy Will Likely Increase Online Shopping Microsoft releases new AI accelerator in challenge to Google and Amazon's in-house offerings Big Tech earnings will test faith in AI spending
In this article 3690-HK GOOGL MSFT AMZN 700-HK 1698-HK Follow your favorite stocks CREATE FREE ACCOUNT The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Tencent plans to expand its data center footp...
In this article 3690-HK GOOGL MSFT AMZN 700-HK 1698-HK Follow your favorite stocks CREATE FREE ACCOUNT The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Tencent plans to expand its data center footprint in the Middle East, a top executive at the Chinese tech giant told CNBC, as the company looks to boost its cloud computing business outside China. Dowson Tong, CEO of Tencent's cloud group, told CNBC that the company plans to expand the number of "availability zones," locations designated as sites for potential clusters of data centers, for its cloud services over the next 12 to 18 months, in countries across Asia Pacific, Europe, and the Middle East. In the Middle East, Tencent is "actively" exploring building data centers there to service cloud customers, Dowson added. "We do intend to increase our investment in the region and establish a stronger partnership network. And that's all in the plan," he said, declining to give more specific timelines or countries where exactly the availability zones might be. Tencent's planned expansion in the Middle East comes as countries in the region draw in huge investments from tech giants to build AI data centers and other computing infrastructure. Last year, Nvidia, OpenAI and others committed to building a massive AI infrastructure project under the Stargate brand in the United Arab Emirates. watch now VIDEO 4:13 04:13 Lenovo CFO: Major demand to push memory chip prices higher short-term Davos 2026: World Economic Forum In August, analysts at Gartner forecast information technology spending in the Middle East and North Africa region to hit $155 billion in 2025, up nearly 9% year-on-year and above the global growth rate. Tencent has already opened an availability zone in Saudi Arabia. Further expansion in the Middle East will lik...
TikTok's last-minute deal to avoid a nationwide ban has invited criticism from Sen. Bernie Sanders (I-Vt.), warning that the platform's rescue hands even more influence to billionaire Larry Ellison and his expanding media empire. TikTok Deal Averts Ban, Shifts Control to U.S. Investors Last week, TikTok secured its future in the U.S. after Chinese parent ByteDance finalized a deal creating a new e...
TikTok's last-minute deal to avoid a nationwide ban has invited criticism from Sen. Bernie Sanders (I-Vt.), warning that the platform's rescue hands even more influence to billionaire Larry Ellison and his expanding media empire. TikTok Deal Averts Ban, Shifts Control to U.S. Investors Last week, TikTok secured its future in the U.S. after Chinese parent ByteDance finalized a deal creating a new entity, TikTok USDS Joint Venture LLC, to comply with a 2024 law requiring divestment or a ban. Under the agreement, American and global investors will own 80.1% of the venture, while ByteDance will retain a 19.9% minority stake. Oracle Corp. (NYSE:ORCL) , Silver Lake and Abu Dhabi-based MGX will each hold 15% and serve as managing investors. TikTok said U.S. user data and its recommendation algorithm will be hosted on Oracle's U.S.-based cloud infrastructure, with added privacy and cybersecurity protections. The algorithm will also be retrained and tested using only U.S. user data. Bernie Sanders Sounds Alarm Over ‘Oligarchy' Sanders, an independent from Vermont, criticized the outcome on X, arguing that the deal concentrates too much power in the hands of a single billionaire with close ties to President Donald Trump. "Thanks to Trump, right-wing multibillionaire Larry Ellison will now control the TikTok algorithm," Sanders wrote, adding that Ellison-linked entities also influence major media brands. "This is what oligarchy looks like." Ellison Family's Expanding Media Footprint Draws Scrutiny Concerns have grown as Ellison-backed Paramount Skydance (NASDAQ:PSKY) now controls CBS, MTV, Nickelodeon, BET, CMT, Paramount+ and Pluto TV following its merger. Bari Weiss, founder of The Free Press, was also last year named editor in chief of CBS News and will report to Skydance CEO David Ellison, Larry Ellison's son. Paramount Skydance is also locked in a high-stakes battle with Netflix Inc. (NASDAQ:NFLX) over Warner Bros. Discovery (NASDAQ:WBD) , a fight that could further resha...
Salesforce ( CRM ) unit Computable Insights secured a $5.6B contract to support military operations modernization using cloud-based software, AI, and data analytics. The 10-year IDIQ contract includes a 5-year base ordering period and one 5-year optional ordering period with a $5.6B ceiling. Computable Insights is a unit of Salesforce ( CRM ) and acts as a contracting vehicle for government contra...
Salesforce ( CRM ) unit Computable Insights secured a $5.6B contract to support military operations modernization using cloud-based software, AI, and data analytics. The 10-year IDIQ contract includes a 5-year base ordering period and one 5-year optional ordering period with a $5.6B ceiling. Computable Insights is a unit of Salesforce ( CRM ) and acts as a contracting vehicle for government contracts, especially with the U.S. Army. The Department of War said the contract completion date was estimated to be June 26, 2035. “The Army and Department of War's move to a unified IDIQ with Salesforce marks a shift from buying software to orchestrating outcomes at scale. This move will establish faster time-to-value, greater ROI and better mission outcomes across the DOW.” – Alan Webber , Program Vice President, Defense, and Intelligence, IDC. More on Salesforce Salesforce: Lower Growth Outlook But Extremely Undervalued Salesforce: The Selloff Is Overdone, A Contrarian Buy Opportunity (Rating Upgrade) Salesforce: Cheap 14x FCF Multiple And Agentforce Acceleration BNP Paribas highlights Salesforce, other software stocks ahead of earnings AI fears deepen selloff in software stocks despite bargain valuations
Take That's new documentary tells a very familiar story 1 hour ago Share Save Mark Savage Music correspondent Share Save Getty Images Take That in 1991 (L-R): Robbie Williams, Mark Owen, Gary Barlow, Jason Orange and Howard Donald The last time Take That agreed to a documentary, they had nothing to lose. It was 2005, and they'd been inactive for almost a decade. Gary Barlow and Mark Owen had lost ...
Take That's new documentary tells a very familiar story 1 hour ago Share Save Mark Savage Music correspondent Share Save Getty Images Take That in 1991 (L-R): Robbie Williams, Mark Owen, Gary Barlow, Jason Orange and Howard Donald The last time Take That agreed to a documentary, they had nothing to lose. It was 2005, and they'd been inactive for almost a decade. Gary Barlow and Mark Owen had lost their record contracts, Jason Orange had abandoned his acting ambitions, and Howard Donald was quietly enjoying parenthood. Robbie Williams, still a year away from his disastrously received Rudebox album, was the only member with a significant public profile. When he failed to show up for the film's climactic reunion, the rest of the band reacted with a mixture of hurt and total lack of surprise. But what happened next surprised everyone. More than six million people tuned in to watch the documentary on ITV, making it the night's most-watched programme. Within days, the UK's biggest concert promoter Simon Moran had put an offer on the table: Get back together, and we can sell out 30 arenas. Gary, Mark, Jason and Howard mulled it over all of 12 hours before agreeing. The clincher came at a London pub where they recreated the choreography to Pray, perched upon bar stools, several drinks worse for wear. Twenty years later, they're still going. If anything, the second chapter of Take That's career is even more extraordinary than the first, full of number one singles and multiple Brit Awards. This summer, they'll play to a million fans on a brand new stadium tour. To celebrate, the band have launched another documentary - this time for Netflix. But with more at stake - and without the participation of Williams and Orange (who retired in 2014) it's never as captivating or revealing as the original. It's also more sanitised. Whereas ITV had footage of the band singing "you're only in love with an image" at their teenage fans, and talking about on-tour sex contests, the new film fo...
Micron Technology on Tuesday committed approximately $24 billion to expand its wafer manufacturing operations in Singapore, as the American memory chipmaker moves to expand production amid global shortages. In a press release, Micron said the investment would add 700,000 square feet of cleanroom space —highly-controlled manufacturing areas designed to prevent contamination — at an existing NAND ma...
Micron Technology on Tuesday committed approximately $24 billion to expand its wafer manufacturing operations in Singapore, as the American memory chipmaker moves to expand production amid global shortages. In a press release, Micron said the investment would add 700,000 square feet of cleanroom space —highly-controlled manufacturing areas designed to prevent contamination — at an existing NAND manufacturing complex. Production of NAND, a type of memory chip widely used in personal computers, servers and smartphones, is expected to start in the second half of 2028. Demand for NAND technology has been skyrocketing in recent months, driven by the rapid expansion of artificial intelligence and data-centric applications. In response to the shortage, Micron and its memory competitors, including Samsung Electronics and SK Hynix, have been increasing output. Micron operates manufacturing facilities in Singapore as part of its broader Asian production network, which also includes sites in China, Taiwan, Japan, and Malaysia. The company is also building a $7 billion advanced packaging plant in Singapore to produce high-bandwidth memory, a type of dynamic random-access memory, or DRAM, used in AI applications.
Key Points D-Wave recently acquired Quantum Circuits to further accelerate commercial viability. The company's revenue grew 100% in its latest quarter. The adoption of quantum computing in commercial and government industries is still quite early. 10 stocks we like better than D-Wave Quantum › After skyrocketing 300% over the past 12 months, D-Wave Quantum Inc. (NYSE: QBTS) stock has fallen 6% thu...
Key Points D-Wave recently acquired Quantum Circuits to further accelerate commercial viability. The company's revenue grew 100% in its latest quarter. The adoption of quantum computing in commercial and government industries is still quite early. 10 stocks we like better than D-Wave Quantum › After skyrocketing 300% over the past 12 months, D-Wave Quantum Inc. (NYSE: QBTS) stock has fallen 6% thus far in 2026 as of Jan. 26. Is the stock going to $0 or will it rebound again? Let's have a look at what's going on with the quantum computing company. As with any speculative tech investment, questions and doubts are constant noise that innovative companies have to combat and prove wrong. In the case of D-Wave Quantum, the business has real revenue growth, commercial traction, and solid cash reserves. It's a respected player in the quantum industry, and for all these reasons, no, I do not think it will continue to fall to $0, but continued volatility is highly likely. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Commercial traction is growing In D-Wave's latest quarterly earnings report, the quantum business demonstrated serious growth with 100% third-quarter revenue growth. Year to date revenue grew 235% from 2024. D-Wave also reported its highest-ever cash balance of $836 million. This amount of runway should ease many investor concerns. In early December 2025, D-Wave announced the formation of its governmental business unit, which will focus on winning contracts within government agencies. If the company can continue to close commercial deals and add governmental business, this will certainly validate the use cases of quantum even further and strengthen D-Wave's competitive position. Even if the government unit fails to recognize substantial revenue in the intermediate term, D-Wave still has plenty of diversified commercial offerings. The quantum...
NATO chief wishes 'good luck' to those who think Europe can defend itself without US help toggle caption Virginia Mayo/AP BRUSSELS — NATO Secretary-General Mark Rutte insisted Monday that Europe is incapable of defending itself without U.S. military support and would have to more than double current military spending targets to be able to do so. "If anyone thinks here … that the European Union or ...
NATO chief wishes 'good luck' to those who think Europe can defend itself without US help toggle caption Virginia Mayo/AP BRUSSELS — NATO Secretary-General Mark Rutte insisted Monday that Europe is incapable of defending itself without U.S. military support and would have to more than double current military spending targets to be able to do so. "If anyone thinks here … that the European Union or Europe as a whole can defend itself without the U.S., keep on dreaming. You can't," Rutte told EU lawmakers in Brussels. Europe and the United States "need each other," he said. Tensions are festering within NATO over U.S. President Donald Trump's renewed threats in recent weeks to annex Greenland, which is a semiautonomous territory of NATO ally Denmark. Sponsor Message Trump also said that he was slapping new tariffs on Greenland's European backers, but later dropped his threats after a "framework" for a deal over the mineral-rich island was reached, with Rutte's help. Few details of the agreement have emerged. The 32-nation military organization is bound together by a mutual defense clause, Article 5 of NATO's founding Washington treaty, which commits every country to come to the defense of an ally whose territory is under threat. At NATO's summit in The Hague in July, European allies — with the exception of Spain — plus Canada agreed to Trump's demand that they invest the same percentage of their economic output on defense as the United States within a decade. They pledged to spend 3.5% of gross domestic product on core defense, and a further 1.5% on security-related infrastructure – a total of 5% of GDP – by 2035. "If you really want to go it alone," Rutte said, "forget that you can ever get there with 5%. It will be 10%. You have to build up your own nuclear capability. That costs billions and billions of euros." France has led calls for Europe to build its "strategic autonomy," and support for its stance has grown since the Trump administration warned last year that ...
China is approaching the United States in terms of overall world power including economic mettle, a former European Commission leader and Portuguese prime minister said this week. The United States remains the “most important global power” but China is getting closer, said Jose Manuel Durao Barroso, the European Commission president from 2004 to 2014, pointing to US technology and finance among ot...
China is approaching the United States in terms of overall world power including economic mettle, a former European Commission leader and Portuguese prime minister said this week. The United States remains the “most important global power” but China is getting closer, said Jose Manuel Durao Barroso, the European Commission president from 2004 to 2014, pointing to US technology and finance among other aspects of its prominence. “China comes every time closer, from my point of view,” Durao Barroso said on Monday in a keynote speech to the Asian Financial Forum, an annual Hong Kong event that was expected to draw 3,600 people. Advertisement “China is the country that is scoring more points recently,” said Durao Barroso. “That’s very important to watch, not only the growth of the Chinese economy but also the diplomatic victories China has been making because of the current developments.” Both China and much of Europe recoiled last year against US President Donald Trump’s import tariffs throughout the world, followed this month by a threat to seize the Danish territory of Greenland Advertisement Durao Barroso – without calling out the US by name – labelled today’s international situation as more “volatile”, “unpredictable” and “dangerous”, with increased “big power competition”.
Google has agreed to pay $68 million to settle a class action lawsuit arguing that its voice-activated assistant secretly recorded smart device users in violation of their privacy. A preliminary settlement was filed on Friday in San Jose, California, federal court, but still requires approval by U.S. District Judge Beth Labson Freeman. The tech giant was accused of illegally recording and dissemin...
Google has agreed to pay $68 million to settle a class action lawsuit arguing that its voice-activated assistant secretly recorded smart device users in violation of their privacy. A preliminary settlement was filed on Friday in San Jose, California, federal court, but still requires approval by U.S. District Judge Beth Labson Freeman. The tech giant was accused of illegally recording and disseminating private conversations after its Google Assistant tool was triggered so it could send them targeted advertising. GOOGLE TO PAY TEXAS $1.4B TO SETTLE CLAIMS OF UNAUTHORIZED TRACKING, COLLECTING OF PRIVATE DATA Google Assistant, which is only supposed to record when a user says phrases such as "Hey Google," or "Okay Google" or when someone manually pushes a button on the device, inappropriately recorded personal conversations when these "hot words" were not used, without the knowledge of the users of Google smartphones, home speakers, laptops, tablets, Chromecast media players and even wireless earphones, according to the lawsuit. Users claimed they were targeted with ads based on things they had said when they had not attempted to trigger their smart devices using a hot word. GOOGLE TO PAY $425 MILLION AFTER YEARS OF IMPROPER SPYING ON SMARTPHONE ACTIVITY Google did not acknowledge any fault, but said it decided to settle to avoid the "uncertainty, risk, expense, inconvenience and distraction" of lengthy litigation, according to court documents. Lawyers for plaintiffs may seek up to one-third of the settlement fund, or about $22.7 million, for legal fees. Apple reached a similar settlement with smartphone users in December 2024 over its virtual assistant, Siri, for $95 million. GET FOX BUSINESS ON THE GO BY CLICKING HERE Google has also settled other privacy complaints in the past, including one reached last spring, when it agreed to pay $1.4 billion to Texas to settle a lawsuit claiming the company collected users' data without permission. It was also ordered in Septem...