Alibaba stock drops to 16-month low Alibaba Group Holding shares slid to a 16-month low in Hong Kong after Anthropic reportedly accused the company of accessing its AI model illicitly. The company's stock tumbled as much as 4.9%, extending this year's losses. Ali
South Korean chipmaker SK Hynix gains after announcing a $29.4B U.S. listing and benefiting from Micron's strong quarterly results. SK Hynix shares climbed more than 12% after revealing plans to raise up to $29.4B through a Nasdaq listing. The move aims to broaden investor
XRP fell to $1.07 after losing key support at $1.0850, with traders eyeing the $1.05-$1.07 band for next moves. XRP declined 2.8 percent to $1.07, breaking below the $1.0850 support level on heavy selling volume. The token’s recovery attempt failed to regain lost ground, l
Aircraft order volatility drives the headline decline, while ex-transportation orders are forecast to rise 0.4 percent. US durable goods orders are projected to decline 4.7 percent month-over-month, dragged down by volatile aircraft orders. The drop reflects a sharp pullba
Micron expects HBM market to exceed $100B by 2027 Micron has signaled that the High-Bandwidth Memory (HBM) market is poised to cross $100B in 2027. The company has lifted its fiscal year 2026 capital expenditure to around $27B. Micron's financial trajectory
MillerKnoll forecasts $3.93B-$4.13B in fiscal 2027 net sales MillerKnoll expects fiscal 2027 net sales to range from $3.93B to $4.13B. The company plans to open 9-11 Herman Miller stores. The financial performance is not where the company wants it to be, accordin
South Korean equities surge at open while US index futures gain, signaling risk-on sentiment ahead of the new session. South Korea’s Kospi index climbed more than 5% at the open, reflecting broad market optimism. US equity index futures also traded higher on the Globex reo
The digital media company forecasts improved financial performance ahead of an imminent accretive acquisition. LiveOne Inc. (LVO) expects revenue between $85 million and $95 million and EBITDA of $8 million to $10 million for the upcoming period. The company cited a transf
Micron reported an 84.9% gross margin in Q3, surpassing Meta and Nvidia, fueled by surging memory chip demand for AI applications. Micron Technology posted a record 84.9% gross margin in its fiscal third quarter, up from 74.9% in the prior period and 39% a year earlier. Th
The bank increased its year-end S&P 500 forecast to 7,800 while warning of sharp reversals in crowded AI trades. JP Morgan lifted its S&P 500 year-end target to 7,800 from 7,600, citing a 20% upward revision in consensus earnings growth for the next two years. The bank als
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