Artificial Intelligence
Moonshot AI's release of Kimi K3 sent the Nasdaq down roughly 1% on Friday and reignited debate over China's open source AI progress, drawing sharp reactions from U.S. policy figures and industry executives.
TechEchelon Staff · 18 DAYS AGO
Business & Finance
SpaceX shares have fallen nearly 23% since the company joined the Nasdaq-100, with Friday's 5.43% decline following a Starship test abort caused by an engine ignition failure. The stock has now logged losses in nine of the last 10 trading sessions.
Marc Sabatini · 18 DAYS AGO
Business & Finance
A higher capital expenditure forecast from TSMC sent chip stocks broadly lower Thursday, with the VanEck Semiconductor ETF falling nearly 7% for the week and Nasdaq-100 futures dropping as much as 2% in premarket trading Friday.
Marc Sabatini · 19 DAYS AGO
Business & Finance
A global semiconductor sell-off drove Nasdaq 100 futures down 1.9% on Friday, as investors questioned the sustainability of AI infrastructure spending and U.S.-Iran hostilities renewed pressure on energy markets.
Marc Sabatini · 19 DAYS AGO
Business & Finance
SK Hynix shares rose 13% on their first day of Nasdaq trading, closing at $168.01 after ADRs priced at $149 raised $26.5 billion, as Chairman Chey Tae-won said customer demand for AI memory chips remains insatiable.
Marc Sabatini · 25 DAYS AGO
Business & Finance
SpaceX is set to join the Nasdaq-100 index on July 7, making it one of the fastest additions in the index's history and triggering mandatory buying from more than $800 billion in funds that track the benchmark.
Marc Sabatini · 38 DAYS AGO