Tech
Megacap stock sell-off demonstrates investor concerns over technology glut
The fall in heavyweight stocks that have helped drive markets higher this year underscores Wall Street’s vulnerability to any weakness in the trading of big
NVIDIA supplier SK Hynix reports six-year high profit thanks to AI boom
South Korea’s SK Hynix on Thursday Nvidia posted its highest quarterly profit since 2018. opens new tabThe vendor said demand for AI chips will only
Taiwanese rocket startup could be the first test of Japan’s plans for a space centre
A Taiwanese start-up aims to become the first foreign firm to launch a rocket from Japan by early next year. It is part of a
Apple is likely to release a foldable iPhone as early as 2026
Apple is likely to unveil its foldable iPhone as early as 2026, in what could be the biggest design update to the company’s most popular
Nvidia has approved Samsung’s HBM3 chips for use in processors for the Chinese market
Samsung Electronics fourth-generation high-bandwidth memory chips, or HBM3, have been approved by Nvidia for use in its processors for the first time, three sources with
Tesla posted its worst profit in five years due to price cuts and incentives
Tesla on Tuesday reported its lowest profit margin in five years and missed Wall Street profit targets in the second quarter as the electric car
Google scraps plan to remove cookies from Chrome
Google plans to keep third-party cookies in its Chrome browser, after years of promising to phase out these tiny packets of code designed to track
Spotify misses revenue forecast and user growth target
Spotify reported quarterly results that were in line with analysts’ expectations, but failed to meet its own user growth target. The audio streaming giant sought
Cybersecurity firm Wiz cancels $23bn deal with Google
Israeli cybersecurity firm Wiz has ended talks with Google, terminating a $23 billion deal in what would have become the US tech giant’s largest-ever acquisition.
Hong Kong to launch Asia’s first bitcoin inverse ETF
Asia’s first bitcoin inverse exchange-traded fund, which allows investors to bet on a fall in the cryptocurrency, will debut in Hong Kong. CSOP Asset Management