Latest Market News
South Korea Chip Rout Deepens as AI Boom Shows Cracks
South Korea's Kospi plunges 5.5% amid global tech sell-off after Broadcom's weak earnings, signaling a potential cooling of the AI boom.
S&P Falls Despite Blowout Jobs Data as Tech Rout Deepens
U.S. stocks slid Friday as a stronger-than-expected May jobs report dashed rate-cut hopes, while a global tech selloff triggered by Broadcom's earnings deepened.
Broadcom Earnings Trigger Global Tech Rotation Out of AI
Broadcom's disappointing revenue miss sparks a global sell-off in AI and chip stocks, with investors rotating into defensive sectors. European and Asian markets tumble.
Broadcom Stock Plunges 10% on Weak Software Sales, AI Forecast Unchanged
Broadcom's stock drops 10% after weak software sales overshadow strong AI chip demand, raising concerns about revenue diversification.
ETH Dead-Cat Bounce: Why This Isn't a Trend Reversal
Ethereum's 10% monthly gain masks a bearish dead-cat bounce, with ETF outflows and dominance decline signaling further downside.
Innovent and Pfizer Forge $10.5B Co-Commercialization Deal in ADC Space
Innovent partners with Pfizer for co-commercialization of ADCs in U.S. and Europe, sharing profits and retaining China rights.
Broadcom AI Stocks Surge Amid Market Optimism
Broadcom and other AI stocks trade up as investor sentiment improves. Key takeaways include strong performance and market trends.