“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man, David Ingles and Avril Hong give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man, David Ingles and Avril Hong give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
In this article 2317-TW 3189-TW 6857.T-JP 6723.T-JP 9984.T-JP Follow your favorite stocks CREATE FREE ACCOUNT A silicon wafer with chips etched into is seen as U.S. Vice President Kamala Harris tours a site where Applied Materials plans to build a research facility, in Sunnyvale, California, U.S., May 22, 2023. Pool | Reuters Asian semiconductor and technology stocks resumed their slide Wednesday,...
In this article 2317-TW 3189-TW 6857.T-JP 6723.T-JP 9984.T-JP Follow your favorite stocks CREATE FREE ACCOUNT A silicon wafer with chips etched into is seen as U.S. Vice President Kamala Harris tours a site where Applied Materials plans to build a research facility, in Sunnyvale, California, U.S., May 22, 2023. Pool | Reuters Asian semiconductor and technology stocks resumed their slide Wednesday, tracking overnight losses on Wall Street after a brief rebound in chipmakers lost steam amid lingering concerns over stretched artificial intelligence-related valuations. Japan's Softbank Group plunged 10% amid a broader decline in tech names and after efforts to secure at least $6 billion through a margin loan backed by its OpenAI stake hit a snag, according to Bloomberg News . The Japanese tech investment giant is exploring alternative funding options, though it may revisit the loan at a later date. Japanese chip equipment makers Advantest and Renesas Electronics dropped 3.8% and 3.4%, respectively. In South Korea, memory chip major SK Hynix dropped over 8%, while Samsung Electronics fell 7.45%. Battery maker Samsung SDI declined more than 5%, while display panel producer LG Display slid nearly 9%. Taiwan's chip sector was also under pressure. Taiwan Semiconductor Manufacturing Co ., the world's largest contract chipmaker, fell about 2%, while Apple supplier Hon Hai Precision Industry lost more than 4%. The declines followed a weaker session on Wall Street, where the tech-heavy Nasdaq Composite fell 0.97% and the S&P 500 slipped 0.26%. A rally in semiconductor stocks that had helped fuel gains a day earlier quickly faded, with the iShares Semiconductor ETF dropping 1%. AI-related fundraising appears to be diverting money away from existing technology stocks . Upcoming listings such as SpaceX, Anthropic and OpenAI could absorb investor capital that previously flowed into publicly traded tech companies, potentially weighing on the sector. OpenAI confidentially filed for an...
Blockbuster IPOs planned by Anthropic, OpenAI and SpaceX has renewed interest in companies listing this year. This comes despite volatility caused by the ongoing war in the Middle East. Jeffrey Sexton, Demeter Tactical Investments CEO, spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the market reaction. (Source: Bloomberg)
Blockbuster IPOs planned by Anthropic, OpenAI and SpaceX has renewed interest in companies listing this year. This comes despite volatility caused by the ongoing war in the Middle East. Jeffrey Sexton, Demeter Tactical Investments CEO, spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the market reaction. (Source: Bloomberg)
Uber Technologies (NYSE:UBER) is launching commercial robotaxi pilots in Europe. Madrid will host a robotaxi service using WeRide vehicles on the Uber platform. Munich will see autonomous rides powered by Autobrains software and Nvidia hardware. Uber Technologies, trading at $70.38, is pushing deeper into autonomous ride hailing just as the stock has been under pressure, with the share price down ...
Uber Technologies (NYSE:UBER) is launching commercial robotaxi pilots in Europe. Madrid will host a robotaxi service using WeRide vehicles on the Uber platform. Munich will see autonomous rides powered by Autobrains software and Nvidia hardware. Uber Technologies, trading at $70.38, is pushing deeper into autonomous ride hailing just as the stock has been under pressure, with the share price down 6.7% over the past month and down 15.1% year to date. Over a longer horizon, the stock is up...
BYD has been added to a U.S. national security list of companies alleged to have ties to Beijing's military. China has overtaken Japan as Australia's largest vehicle exporter, supported by strong demand for electric and hybrid models. BYD is rapidly gaining market share in Australia as it extends its sales network and model range. For investors tracking SEHK:1211, this news comes after a period of...
BYD has been added to a U.S. national security list of companies alleged to have ties to Beijing's military. China has overtaken Japan as Australia's largest vehicle exporter, supported by strong demand for electric and hybrid models. BYD is rapidly gaining market share in Australia as it extends its sales network and model range. For investors tracking SEHK:1211, this news comes after a period of weaker share price performance. BYD's stock is trading at HK$88.4, with the share price down...
(RTTNews) - General Motors (GM) said its bidirectional-capable EVs, when paired with GM's home energy systems, can become a residential power resource capable of sustaining a home for days during localized grid failures. These EVs and energy systems are also engineered to support
(RTTNews) - General Motors (GM) said its bidirectional-capable EVs, when paired with GM's home energy systems, can become a residential power resource capable of sustaining a home for days during localized grid failures. These EVs and energy systems are also engineered to support