Hong Kong’s second semiconductor-company listing in as many days underscores growing investor interest in Chinese stocks related to artificial intelligence. GigaDevice Semiconductor Inc., which is already listed in Shanghai, will start trading in Hong Kong Tuesday. It raised HK$4.68 billion ($600 million) in an offering where shares were priced at HK$162 apiece. The stock rose as much as 39.5% in ...
Hong Kong’s second semiconductor-company listing in as many days underscores growing investor interest in Chinese stocks related to artificial intelligence. GigaDevice Semiconductor Inc., which is already listed in Shanghai, will start trading in Hong Kong Tuesday. It raised HK$4.68 billion ($600 million) in an offering where shares were priced at HK$162 apiece. The stock rose as much as 39.5% in gray market trading on Monday. GigaDevice’s Hong Kong debut comes amid memory-chip price gains driven by supply shortages , as global producers rush to meet surging needs for AI. It joins a flurry of Chinese tech listings, fueled by Beijing’s push to foster local competitors to the likes of Nvidia Corp. and Micron Technology Inc. Beijing-based GigaDevice mainly provides so-called niche memory chips. It was the world’s second-largest supplier of NOR Flash memory for cars, industrial automation and networking last year, according to a listing document filed with the Hong Kong stock exchange, citing US consultancy Frost & Sullivan. It also sells micro control units, which can be found in applications from consumer electronics to energy storage tools. “Many of its products are leading in the nation and even globally, and its client base is of high quality and secure,” wrote SDICS International Securities analyst Alex Wang in a note. “Its product mix will make it a beneficiary of AI devices and its acquisitions are starting to bear fruit,” he said. Investor reception has been strong for China’s latest tech listings. Shanghai Biren Technology Co. has more than doubled since its debut in Hong Kong two weeks ago. Moore Threads Technology Co. and MetaX Integrated Circuits Shanghai Co. have surged about sixfold following their Shanghai offerings last month. GigaDevice’s Hong Kong listing price represents roughly a 45% discount from its A shares, which closed at 261.83 yuan Monday. That compares with the 18% discount OmniVision Integrated Circuits Group Inc.’s H shares hit versus its ...
Despite the hype surrounding artificial intelligence (AI) and the "Magnificent Seven" in 2025, only two stocks in the elite group actually outperformed the broader benchmark S&P 500 index, which gained nearly 16.4% last year, marking a third consecutive year of strong returns. That may leave some investors wondering if the group really did have a down year and could be poised for a bounce, or if p...
Despite the hype surrounding artificial intelligence (AI) and the "Magnificent Seven" in 2025, only two stocks in the elite group actually outperformed the broader benchmark S&P 500 index, which gained nearly 16.4% last year, marking a third consecutive year of strong returns. That may leave some investors wondering if the group really did have a down year and could be poised for a bounce, or if perhaps it's the beginning of a broader pullback. The two stocks that outperformed the S&P 500 crushed the market, with gains that at least doubled the market's performance. In fact, one Magnificent Seven stock was not far off from quadrupling the market's performance. Should you buy the two S&P 500 outperformers in 2026? If there was a value stock in the Magnificent Seven heading into 2025, it was definitely Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) . The company faced several headwinds, including a U.S. Department of Justice lawsuit and threats from artificial intelligence (AI) chatbots like ChatGPT. Continue reading
After the social media app's AI chatbot started generating sexualized images of women and children, two countries have blocked it and several more have launched investigations. (Image credit: Leon Neal)
After the social media app's AI chatbot started generating sexualized images of women and children, two countries have blocked it and several more have launched investigations. (Image credit: Leon Neal)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, and Tim Stenovec. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, and Tim Stenovec. (Source: Bloomberg)
The Dow and S&P 500 scored back-to-back record closes on Monday's stock market as investors await bank earnings and December's inflation data. The post Dow, S&P 500 At Highs; Bank Earnings, Inflation Report Loom appeared first on Investor's Business Daily .
The Dow and S&P 500 scored back-to-back record closes on Monday's stock market as investors await bank earnings and December's inflation data. The post Dow, S&P 500 At Highs; Bank Earnings, Inflation Report Loom appeared first on Investor's Business Daily .
The S&P 500 (SNPINDEX:^GSPC) rose 0.15% to 6,976.71, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.26% to 23,733.90, and the Dow Jones Industrial Average (DJINDICES:^DJI) gained 0.17% to 49,590.19 as markets rebounded from an early DOJ‑Fed shock. Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) climbed as its valuation hit $4 trillion, helping stabilize mega‑cap tech despite policy jitters. In contrast, J...
The S&P 500 (SNPINDEX:^GSPC) rose 0.15% to 6,976.71, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.26% to 23,733.90, and the Dow Jones Industrial Average (DJINDICES:^DJI) gained 0.17% to 49,590.19 as markets rebounded from an early DOJ‑Fed shock. Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) climbed as its valuation hit $4 trillion, helping stabilize mega‑cap tech despite policy jitters. In contrast, JPMorgan Chase (NYSE:JPM) , Goldman Sachs (NYSE:GS) , and American Express (NYSE:AXP) lagged as credit‑card and big‑bank names absorbed Fed and regulatory headline risk. The market opened down nearly 1% after the DOJ opened a criminal investigation into Fed chair Jerome Powell, and President Trump called for a "10% cap" on credit card interest rates. Many financial stocks were down on the volatile news -- particularly the credit card companies themselves. However, this volatility played a significant role in sending gold nearly 2% higher, as it continued its incredible rally -- now up 73% over the last year. Continue reading
US President Donald Trump on Monday announced sweeping new tariffs targeting nations maintaining commercial ties with Iran. Effective immediately, the US will impose a 25 per cent tariff on all goods and services imported from any country that “does business” with Iran, Trump said in a social media post. The president characterised the order as “final and conclusive”. While order is global, it is ...
US President Donald Trump on Monday announced sweeping new tariffs targeting nations maintaining commercial ties with Iran. Effective immediately, the US will impose a 25 per cent tariff on all goods and services imported from any country that “does business” with Iran, Trump said in a social media post. The president characterised the order as “final and conclusive”. While order is global, it is expected to hit major economies, specifically China and India, the hardest, given their significant...
To confidently buy and hold a stock for a decade, one needs to find a good growth opportunity in a durable industry. Things that are prone to rapid change may require investors to check in more frequently to verify that the situation hasn't changed too much for the investment to still work out. I believe I've found three good opportunities for the next 10 years: Rubrik (NYSE: RBRK) in cybersecurit...
To confidently buy and hold a stock for a decade, one needs to find a good growth opportunity in a durable industry. Things that are prone to rapid change may require investors to check in more frequently to verify that the situation hasn't changed too much for the investment to still work out. I believe I've found three good opportunities for the next 10 years: Rubrik (NYSE: RBRK) in cybersecurity, Comfort Systems USA (NYSE: FIX) in data centers, and Xometry (NASDAQ: XMTR) in manufacturing. Here's why I believe all three could be long-term winners for those who buy today. Continue reading
Apple plans to use Google's Gemini to power future Apple Intelligence features, including an AI-enhanced Siri coming later this year, the companies said Monday.
Apple plans to use Google's Gemini to power future Apple Intelligence features, including an AI-enhanced Siri coming later this year, the companies said Monday.