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Stocks
Brown-Forman CEO Lawson Whiting to retire; guidance intact
Brown-Forman CEO Lawson Whiting will retire once a successor is named, while the spirits group keeps fiscal 2027 guidance unchanged.
Apple tests CXMT chips for China devices as costs rise
Apple tests CXMT chips for China devices as rising memory bills force the iPhone maker to weigh lower costs against U.S. policy risk.
DeepSeek AI chip push hits Nvidia, sharpens China race
DeepSeek AI chip plans pushed Nvidia shares lower and signalled that China's top model builders are moving faster toward domestic silicon.
Sungrow plunges 20% on report of possible US ban
Sungrow plunged as much as 20% after Reuters reported the US was drafting an inverter import ban, putting its overseas profit at risk.
Samsung, SK Hynix shares fall on $1.3tn capex plan
Samsung and SK Hynix shares fell as reports of a decade-long 2,000 trillion won chip-investment push raised fresh questions about returns in the AI boom.
SK Hynix Nasdaq listing lifts shares 11% in AI memory race
SK Hynix Nasdaq listing plans sent the stock up 11% as the chipmaker sought up to $29.4 billion to fund AI-memory expansion.
Micron stock rises on Anthropic AI memory supply deal
Micron stock rose after the chipmaker signed an AI memory and storage pact with Anthropic, offering investors a clearer test of hardware demand.
Apple price rises 2026: chip costs force product hikes
Apple price rises in 2026 are being driven by higher memory and storage chip costs as AI server demand tightens supply, Tim Cook said.
Kingboard’s rally says mainland money is chasing AI proxies
Kingboard rally momentum is being driven by mainland buying, AI supply-chain optimism and Hong Kong southbound flows more than one catalyst.
Oracle Q4 earnings beat, but $40B AI capex plan bites
Oracle Q4 earnings beat estimates, but a $40B financing plan for AI data centers shifted the focus to debt, cash flow and margins.
Anthropic's Fable 5 Bets on Safety. Researchers Say It's Gone Too Far.
Anthropic released Claude Fable 5 to the public on Wednesday — a Mythos-class model with strict guardrails that block cybersecurity and biology queries — as the AI startup positions its safety-first brand for a confidential IPO alongside OpenAI and SpaceX.
xAI Grok Build coding agent challenges Anthropic, OpenAI
xAI launched Grok Build, a coding agent scoring 70.8% on SWE-Bench, entering direct competition with Anthropic's Claude Code in the high-stakes developer-tools market.
Marvell (MRVL), Flex (FLEX) join S&P 500 in AI shift
Marvell and Flex join the S&P 500 on June 22, showing how AI chips and contract manufacturing are gaining benchmark weight.
Alphabet (GOOGL) $84.75bn AI stock raise goes live
Alphabet $84.75bn AI stock raise moved from plan to transaction, with a $40bn ATM, stock offering and Berkshire placement.
Broadcom AI outlook tests chip rally’s perfection trade
Broadcom AI outlook disappointed investors because strong growth was no longer enough after a $280bn run-up in the chipmaker’s shares.
GameStop (GME) Q1 profit jumps on $2B buyback plan
GameStop (GME) Q1 profit and a $2B buyback shift attention to capital returns, but eBay-linked gains complicate earnings.
Kioxia market cap tops Toyota as AI trade reshapes Japan
Kioxia market cap briefly topped Toyota's as investors priced AI memory demand into Japan's hierarchy, but the memory cycle still matters.
Alphabet (GOOGL) seeks $80bn for AI capex surge
Alphabet $80bn raise would fund AI infrastructure and compute as Berkshire Hathaway commits $10bn and shares fall 2 per cent after hours.
Exxon (XOM) Texas domicile vote wins 71.2% backing
Exxon Texas domicile vote secured 71.2% support, giving management a governance win despite ISS and Glass Lewis opposition.
HDFC Bank shares fall on report that deepens CEO woes
HDFC Bank shares fell after a report alleged Rs 45 crore of payments were disguised as marketing expenses, sharpening scrutiny of chief executive Sashidhar Jagdishan.
Ferrari shares fall 6.3% after Luce EV debut tests pricing power
Ferrari shares fell 6.3 per cent after the carmaker launched the Luce, its first fully electric model, as investors weighed luxury EV demand and pricing power.
Micron stock jumps 14.2% after UBS lifts target to $1,625
Micron shares rose 14.2 per cent after UBS lifted its target to $1,625, saying AI-driven memory demand could support a richer valuation.
Dropbox (DBX) CEO Drew Houston to step down after 19 years
Dropbox CEO Drew Houston will become executive chairman as Ashraf Alkarmi moves toward the top job, putting succession and AI execution in focus.
BP chairman Albert Manifold removed; shares fall 5%
BP removed chairman Albert Manifold after the board cited governance and conduct concerns, sending the oil major's shares down about 5 per cent.
SoftBank's rally shows OpenAI's IPO is already moving markets
SoftBank shares hit a record high as traders priced OpenAI IPO hopes into a listed proxy before any public filing, spotlighting leverage as well as upside.
