stocks - CybAI news

14 Aug

Dip Buyers Plow Record Cash Into Megacap Fund Dominated by Tech

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, ETF, Interest Rates, INVESCO LTD, Markets, META PLATFORMS INC-CLASS A, NVIDIA CORP, PLOW, S&P 500 INDEX, stocks, Technology

Investors are back lavishing millions onto megacaps as the high-flying tech stocks resume their climb, shrugging off the vestiges of last week’s market meltdown.Traders poured a net $210 million into the Invesco S&P 500 Top 50 ETF (ticker XLG) on Monday, the biggest one-day influx in the fund’s nearly 20-year history, data compiled by Bloomberg show. The record inflow — and fourth straight one — pushed the ETF’s assets up by 4% to $5.3 billion, with nearly half of that attracted in the past year alone. Source link lol

09 Aug

WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

stp2y0 CommentsRAG modelsAutonomous Vehicle, Beijing, business, china, hyperdrive, IPOs, Markets, regulation, RENAULT NISSAN MITSUBISHI AL, stocks, Technology, US Securities and Exchange Commission, venture capital, WERIDE INC

China’s WeRide Inc. is seeking as much as $400 million in a US initial public offering and concurrent private placement, people familiar with the matter said. The Guangzhou-based autonomous vehicle company, which was granted approval last year by the Chinese securities regulator for a US listing, is seeking about $100 million in the IPO and around $200 million to $300 million in the placement, the people said. Source link lol

09 Aug

AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

stp2y0 CommentsRAG modelsartificial intelligence, Asia, Earnings, INVESCO LTD, JULY SARL/CAEN, Markets, MORGAN STANLEY, SAMSUNG ELECTRONICS CO LTD, SK HYNIX INC, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this week, reflecting an unwavering confidence in a trade that has underpinned the upturn in global equities. Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and SK Hynix Inc. are still attractive bets given the long-term prospects for AI remain undimmed, they say. Source link lol

08 Aug

Nvidia Has Lost $900 Billion Even as AI Spending Plans Ramp Up

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, artificial intelligence, Earnings, MICROSOFT CORP, NVIDIA CORP, Rhys V Williams, stocks, SUPER MICRO COMPUTER INC, Technology, Wall Street

On the surface, Nvidia Corp.’s $900 billion selloff since its June record would suggest the artificial intelligence spending boom that propelled it there is cooling. But the undercurrents tell a far less dire story.Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. — together accounting for more than 40% of Nvidia’s revenue — have all said they will keep investing billions into AI infrastructure. Meanwhile, Super Micro Computer Inc. — which makes data center servers used in AI — told investors it expects to generate up to $30 billion in sales over the next year, blowing away analyst expectations.…

08 Aug

Anglo Revamp, Unity Government Seen Igniting South Africa Stocks

stp2y0 CommentsRAG modelsafrica, ANGLO AMERICAN PLC, Emerging Markets, Government, JSE LTD, Leila Fourie, Logistics, South Africa, Stock Index, stocks, Technology

A business-friendly coalition government and plans by Anglo American Plc to spin off one large subsidiary and possibly list another may trigger a sustained rally in South African stocks, the head of the main local bourse said. Even with the turmoil currently running through global stock markets, these developments are poised to snap South African equities out of more than a decade of torpor caused by economic stagnation and collapsing power and logistics services, said Leila Fourie, the chief executive officer of JSE Ltd., which runs the exchange. Source link lol

08 Aug

Xiaomi-Backed AI Chipmaker Black Sesame Falls in Hong Kong Debut as AI Frenzy Wanes

stp2y0 CommentsRAG modelsartificial intelligence, BLACK SESAME INTERNATIONAL H, GUANGZHOU AUTOMOBILE GROUP-H, Hong Kong, HONG KONG EXCHANGES & CLEAR, IPOs, Markets, NINGBO JOYSON ELECTRONIC -A, stocks, Technology, war, XIAOMI CORP-CLASS B

Shares of artificial intelligence chipmaker Black Sesame International Holding Ltd. tumbled as much as 35% on their debut, dealing a blow to Hong Kong’s efforts to lure more technology listings. The Xiaomi Corp.-backed company’s shares fell to as low as HK$18.28 Thursday in the Hong Kong Stock Exchange and closed the day 27% lower. They had been priced at HK$28, the bottom of the marketed range in an initial public offering that raised HK$1.04 billion ($133 million). Source link lol

06 Aug

SoftBank to Log Slim Profit Ahead of Masayoshi Son’s Next AI Bet

stp2y0 CommentsRAG modelsartificial intelligence, Earnings, GRAPHCORE LTD, JULY SARL/CAEN, Masayoshi Son, SOFTBANK GROUP CORP, startups, stocks, Technology, Tokyo, Wealth

SoftBank Group Corp. is likely to report a small profit, an indication of how past mistakes continue to weigh on the company even as billionaire founder Masayoshi Son prepares his next big AI bet.Emerging from a month of sharp selloffs, the Tokyo-based investment firm on Wednesday is expected to report a net income of ¥1 billion ($6.9 million) for the June quarter, according to the average of three analysts polled. That compares with a big loss of ¥477.6 billion a year ago, but is tiny compared with profits in the preceding two quarters, attesting to the continued drag from hundreds…

06 Aug

Xiaomi-Backed AI Chipmaker Black Sesame Prices Hong Kong IPO at Bottom of Range

stp2y0 CommentsRAG modelsartificial intelligence, BLACK SESAME INTERNATIONAL H, China Renminbi Spot, GUANGZHOU AUTOMOBILE GROUP-H, Hong Kong, IPOs, Markets, Price Range, stocks, Technology, TENCENT HOLDINGS LTD, XIAOMI CORP-CLASS B

Black Sesame International Holding Ltd. has priced its Hong Kong initial public offering at the low end of the marketed range, people with knowledge of the situation said, as the recent global selloff in stocks piles extra pressure on new share issues. Black Sesame, which designs chips for autonomous driving systems and is backed by Xiaomi Corp., was offering 37 million shares at HK$28 to HK$30.30 each. At HK$28 per share, the IPO raised HK$1.04 billion ($133 million), still making it one of the biggest in Hong Kong this year. Source link lol

13 Jun

Tesla Shareholders Approve Elon Musk’s Big Payday

stp2y0 CommentsRAG modelselectric vehicles, elon musk, evs and hybrids, stocks, tesla

Under CEO Elon Musk, Tesla has been credited with revolutionizing the auto industry, jumpstarting the electric revolution, and racking up billions in profit in the process. Now Musk is set for a record payday worth almost $50 billion, after the electric car company’s shareholders approved a compensation plan that had been previously blocked by a federal judge.The preliminary outcome of the vote was announced Thursday afternoon during an annual shareholder meeting at Tesla’s newest auto and battery factory in Austin, Texas.The setting was apropos: Shareholders also approved a measure to move Tesla’s corporate registration away from Delaware and to Texas.…

07 Jun

Roaring Kitty Is Playing With Fire

stp2y0 CommentsRAG modelsfinance, memes, social media, stocks, youtube

Gill did not face charges then, but this time could be different. The securities regulator for the state of Massachusetts has confirmed it is looking into Gill’s recent conduct, without providing specifics. It would appear that Gill is aware of the risk of provoking an SEC investigation. On May 16 he posted a clip of a CNBC interview in which Jay Clayton, former SEC chair, expressed the view that his conduct should not be tolerated. The SEC declined to comment on the existence of an investigation.At the start of Gill’s YouTube livestream, a long disclaimer scrolled up the screen like…