The Cerebras Trade The AMD Trade On Monday, Ark had jettisoned AMD shares worth $16.2 million. Wood has been consistently selling shares of the chipmaker this month. The Bullish Trade Other Key Trades: Roku Inc (ROKU): Sold 102,334 shares through ARKK , ARKW and ARKF . (ROKU): Sold 102,334 shares through , and . Teradyne Inc. (TER): Sold 17,372 shares via ARKK. Benzinga Edge Stock Rankings indicat...
The Cerebras Trade The AMD Trade On Monday, Ark had jettisoned AMD shares worth $16.2 million. Wood has been consistently selling shares of the chipmaker this month. The Bullish Trade Other Key Trades: Roku Inc (ROKU): Sold 102,334 shares through ARKK , ARKW and ARKF . (ROKU): Sold 102,334 shares through , and . Teradyne Inc. (TER): Sold 17,372 shares via ARKK. Benzinga Edge Stock Rankings indicate AMD stock has a Momentum score in the 98th percentile and a Value score in the 4th percentile. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: PJ McDonnell on Shutterstock.com
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President Lee Jae Myung came to power promising stronger labor protection and social cohesion, while vowing to transform South Korea into an AI powerhouse competing with the US and China. Now, those ambitions are starting to collide. Tens of thousands of workers at Samsung Electronics Co. this week threatened a crippling 18-day walkout over demands for bigger bonuses, after their employer recently...
President Lee Jae Myung came to power promising stronger labor protection and social cohesion, while vowing to transform South Korea into an AI powerhouse competing with the US and China. Now, those ambitions are starting to collide. Tens of thousands of workers at Samsung Electronics Co. this week threatened a crippling 18-day walkout over demands for bigger bonuses, after their employer recently posted a 48-fold jump in quarterly profits. That strike was called off after Samsung and the union announced a tentative deal, which could see workers receive large lump sum payments. Faced with disruptions to global supply chains, Lee’s government pulled out all the stops to keep production lines humming at the world’s largest memory chipmaker. Officials threatened to use emergency measures for the first time in two decades to halt the strike and dispatched the labor minister to mediate. Lee also made comments suggesting he couldn’t support workers demanding profits that would normally go to shareholders. It’s unlikely to be the last time his government has to balance backing workers’ demands against the interests of the AI giants redrawing his country’s economic path. “The Samsung pay dispute is testing the limits of the Lee administration’s pro-labor agenda,” said Hyosung Kwon , Korea and Taiwan economist for Bloomberg Economics. The question boils down to whether the government should back bonus demands from highly paid semiconductor workers or prioritize financial stability by keeping chip production running, he added. Awarding bonuses equivalent to some people’s retirement nest eggs is likely to spark resentment in other parts of the economy. Only about 1.5% of South Korea’s workforce is directly tied to the semiconductor industry, according to Societe Generale SA, even as the sector increasingly drives exports, equity markets and government revenues. The standoff reflects Seoul’s emerging position on the front lines of a global debate unfolding about how AI-driven g...
Thu, May 21, 2026 at 2:10 AM UTC Chen Li-ming,a former TSMC and Tokyo Electron employee arrives at the Intellectual Property and Commercial Court for a verdict in a trade secrets case involving Tokyo Electron's Taiwan unit in New Taipei City, Taiwan April 27, 2026. REUTERS/Ann Wang TAIPEI, May 21 (Reuters) - Tokyo Electron's Taiwan unit told Reuters in a written response on Thursday that it res...
Thu, May 21, 2026 at 2:10 AM UTC Chen Li-ming,a former TSMC and Tokyo Electron employee arrives at the Intellectual Property and Commercial Court for a verdict in a trade secrets case involving Tokyo Electron's Taiwan unit in New Taipei City, Taiwan April 27, 2026. REUTERS/Ann Wang TAIPEI, May 21 (Reuters) - Tokyo Electron's Taiwan unit told Reuters in a written response on Thursday that it respects the judicial process, takes the court ruling seriously and will not appeal in the TSMC trade secret case. Advertisement In April, a Taiwan court fined the Taiwan unit of Japan's Tokyo Electron T$150 million ($5 million) in a case involving trade secrets related to TSMC's sensitive chip technology. (Reporting by Wen-Yee Lee; Editing by Kim Coghill)
Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiarie...
Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips. Its shares rose 1.3% on Wednesday before its earnings report was released, but they fell 1.3% in afterhours trading after the announcement. South Korea’s Kospi soared 6.7% to 7,688.43, helped by strong buying of technology shares such as Samsung Electronics, which gained 6.3%. Shares in SK Hynix, a computer chipmaker partnering with Nvidia, surged 9.5%. Taiwan's Taiex, also heavily weighted toward technology shares, gained 3.3% as major chipmaker TSMC's stock gained 2.3%. In Tokyo, the Nikkei 225 index jumped 3.5% to 61,877.89. Chinese markets showed more modest gains, with Hong Kong's Hang Seng up 0.2% to 25,702.46, while the Shanghai Composite index added 0.4% to 4,179.16. Australia's S&P/ASX 200 picked up 1.3% to 8,606.70. Oil prices edged higher early Thursday, a day after Brent crude dropped 5%. Brent, the international standard, gained 48 cents to $105.50 per barrel, while U.S. benchmark crude added 52 cents to $98.78 per barrel. Brent remains well above its roughly $70 level from before the war with Iran. Prices have been yo-yoing on rising and falling hopes that the United States and Iran can reach an agreement to allow oil deliveries to fully resume from the Persian Gulf to customers worldwide. On Wednesday, U.S. stocks bounced back, with the S&P 500 gaining 1.1% for its first rise in four days to close at 7,432,97. The Dow Jones Industrial Average added 1.3% to 50,009.35 and the Nasdaq composite rallied 1.5% to 26,270.36. Stocks got a lift from easing yields in the bon...