Zhipu may raise several billion USD in share sale Zhipu, a Chinese AI model maker, is weighing a share sale in Hong Kong to raise several billion USD. The company has seen its stock soar 2,000% since its listing in January. This potential placement is part of Zhi
Analysts cite stronger U.S. cloud AI spending and market share gains as key drivers for the 14% target increase. Goldman Sachs raised its price target for Foxconn Industrial Internet (FXCOF) to 107.2 yuan, a 14% increase, driven by higher U.S. cloud AI capital expenditures
The 21st Century ROAD to Housing Act clears the House with strong bipartisan support, pressuring real estate stocks ahead of final approval. The U.S. House approved the 21st Century ROAD to Housing Act by a 358-32 vote on Tuesday, advancing the affordable housing legislati
S&P Dow Jones Indices updates benchmark U.S. equity indexes, reflecting corporate restructuring and market-cap changes effective late June. S&P Dow Jones Indices will replace Conagra in the S&P 500 with Honeywell Aerospace, effective between June 29 and July 1. The move fo
Wednesday data will reveal Q2 US current account balance and weekly mortgage application trends amid shifting rate expectations. The US Commerce Department will release the Q2 current account balance at 8:30 AM ET, measuring the nation’s trade gap in goods, services, and i
Samsung’s record $65 billion share buyback and accelerated chip facility plans drive South Korean equities higher amid AI demand surge. Samsung Electronics is set to launch a $65 billion share buyback, one of Asia’s largest corporate capital return programs, addressing for
Nikkei 225 target raised to 76,000 BofA Global Research has increased its year-end target for the Nikkei 225 to 76,000 from 67,000. The revision is driven by factors such as AI demand, relief from Hormuz, and improving corporate return on equity. This change in t
AI chipmaker Cerebras Systems reports $193.4 million Q1 revenue but warns of shrinking profit margins next quarter. Cerebras Systems (CBRS) fell 11% in after-hours trading after forecasting a decline in core gross margins for the second quarter. The company reported first-
Cerebras Systems forecasts Q2 gross margins of 36-38%, below prior levels, spooking investors despite a new OpenAI deal. Cerebras Systems (CBRS) fell 10.5% in after-hours trading Tuesday after projecting fiscal second-quarter gross margins of 36-38%, down from earlier leve
Record retail inflows fuel Nasdaq long positions Retail investors are driving record inflows into US equities, particularly in AI-linked names, with Nasdaq long positions reaching extended levels. The shift in tech fund flows from dip-buying to upside-chasing marks a
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