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Samsung shares rise nearly 5% as profit seen jumping 8-fold on AI chip boom

Sagar3 months ago02 mins

Shares of Samsung Electronics rose as much as 4.8% on Tuesday after the South Korean technology giant forecast record quarterly profit amid strong demand for artificial intelligence chips. Shares later pared gains to trade up 0.52%. In its preliminary earnings guidance, Samsung projected its operating profit for the January-March quarter to reach 57.2 trillion won…

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  • Business

Marvell stock pops 11% as Nvidia takes $2 billion stake, continuing run of similar bets

Sagar3 months ago02 mins

Jonathan Raa | Nurphoto | Getty Images Shares of Marvell Technology surged more than 11% after Nvidia announced plans to invest $2 billion in the semiconductor company as businesses race to meet ballooning artificial intelligence demand. The deal ties Marvell into Nvidia’s AI ecosystem, making it easier for customers to build on the infrastructure. Both…

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  • Business

South Korea proposes extra $17 billion budget to cushion energy costs fueled by Iran war

Sagar3 months ago02 mins

Workers install solar power infrastructure at a public parking lot within the National Assembly grounds in Yeouido, Seoul, on March 26, 2026. Nurphoto | Nurphoto | Getty Images South Korea on Tuesday proposed a supplementary budget worth 26.2 trillion won (about $17.1 billion) to ease the burden of rising energy prices on households and industries…

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  • Business

Micron stock sinks 10%, further cratering in post-earnings sell-off

Sagar3 months ago02 mins

The Micron Technology offices in San Jose, California, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Micron shares plummeted 10% on Monday, continuing the memory maker’s significant post-earnings sell-off. The company snapped a six-day slide on Friday with a modest gain, but with Monday’s loss, the stock is down 30% since its…

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  • Business

Sony raises PS5 prices by up to $150 citing ‘pressures’ in economy

Sagar3 months ago03 mins

The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Friday said it will raise prices on its range of flagship PlayStation 5 consoles for the second time in less than a year, citing “pressures in the global economic landscape.” In the U.S, the PS5 disc edition will…

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  • Business

Why investors should resist the easiest course in a difficult market

Sagar3 months ago04 mins

Forty-two years ago, right about now, I was a third-year law student trading options between classes as if they were cold Cokes on a sweltering day. I loved the semiconductors back then — National Semi, Texas Instruments, and Motorola. I also worshipped IBM, always long those calls, and Monolithic Memories was my favorite spec. It’s…

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  • Business

Tech stocks hammered on Iran war worries, Meta legal woes

Sagar3 months ago03 mins

Meta Platforms Chief Executive Mark Zuckerberg (C) arrives for a meeting U.S. Sen. Majority Leader John Thune (R-SD) on Capitol Hill on March 26, 2026 in Washington, DC. Andrew Harnik | Getty Images A bad week for stocks was particularly rough for tech investors, as the Nasdaq suffered its worst weekly drop since April 2025….

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  • Business

SK Hynix files confidentially for U.S. listing as it rides ‘unprecedented growth’ in memory market

Sagar3 months ago03 mins

A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty Images SK Hynix revealed Wednesday that it made a confidential filing with the U.S. Securities and Exchange Commission for a potential listing on Wall Street…

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  • Business

Micron stock sinks for a fourth straight day after dominant earnings

Sagar3 months ago02 mins

People visit Micron booth during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China.  Vcg | Visual China Group | Getty Images Micron‘s blowout second-quarter earnings report fueled by a surge in memory demand hasn’t been a boon for the stock. Since…

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  • Business

OpenAI risk factors Microsoft reliance, Elon Musk and xAI lawsuits

Sagar3 months ago06 mins

OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026, in Washington. Anna Moneymaker | Getty Images In a document that resembles an IPO prospectus, OpenAI said its close ties with Microsoft could be a potential risk to its business, telling investors that the software company is responsible for “a substantial…

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  • Polymarket reportedly paid creators to post deceptive videos about fake bets
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  • Strait of Hormuz oil flow 'back towards normal': Energy secretary
  • She saved $24,000 to launch a craft festival in an old Joann store

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