Taiwanese chipmaking giant Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to see an increase in its profit for the first quarter on Thursday due to a boom in artificial intelligence (AI) chips. The profit of the world’s largest contract chip manufacturer is estimated at a 5.0% rise in the three months ending March 31. The …
Copper prices surged as Russian Copper Company (RCC) and Chinese firms allegedly evaded taxes and sidestepped Western sanctions by trading disguised copper wire rods. On Monday’s Asian afternoon session, Copper futures ending in May contracts increased by 0.69% to $4.29 per pound. Sources disclosed that copper wire rods were processed into shreds within the Xinjiang …
Copper Rises Amid Russia-China Trade Tactics: Report Read More »
On Friday, Intel Corporation’s shares tanked after China issued new guidelines telling telecom carriers to stop using Intel chips by 2027. The California-based tech giant’s stock retreated 5.16% to $35.69 per share on April 12, followed by a 0.20% after-hours slide. Moreover, industry watchers anticipate a 0.62% decline to $35.47 apiece in the coming market …
Intel Sinks as China Tells Telecom Firms to Ditch Its Chips Read More »
Nikola Corp.’s shares sank on Thursday after Chairman Steven Shindler pressed for a reverse stock split to prevent a potential NASDAQ delisting. The stock of the Arizona-headquartered automaker plunged 26.73% to $0.72 per share on April 11, followed by a 0.58% after-hours slide. Furthermore, market analysts predict a 2.16% stumble to $0.70 apiece on the …
Nikola Tumbles on Reverse Split Push, NASDAQ Delisting Fears Read More »
On Thursday, corn futures rose as investors compensated ahead of a US government report that may show a plummet in stocks. In the Asian afternoon session, corn futures expiring in May increased by 0.55% to $4.36 per bushel ahead of the US Department of Agriculture (USDA) crop report and Brazilian agency Conab’s national crop outlook …
US tech giant Meta Platforms Inc. has revealed its new in-house custom artificial intelligence (AI) chip aimed at enabling more efficient training and easier inference. The next-gen chip is the successor to the Meta Training and Inference Accelerator (MTIA) v1. It is mainly designed to accelerate learning of the company’s ad ranking models and recommenders …
Meta Introduces New In-House MTIA v2 AI Accelerator Chip Read More »
On Wednesday, Alibaba ADR’s shares spiked after its founder, Jack Ma, commended the Chinese tech giant’s year-long reorganization. The Hangzhou-headquartered company’s stock advanced 2.19% to $74.59 per share on April 10, extending its winning streak to three days. Nevertheless, industry watchers predict a slight correction of 0.13% down to $74.50 apiece in the coming market …
Alibaba Stock Surges as Founder Jack Ma Praises Its Overhaul Read More »
On Wednesday, wheat prices recovered from an overnight decline, finding support from better US winter crop conditions. US wheat futures for May delivery surged by 1.54% to $5.66 per bushel in Asian afternoon trade after the National Weather Service (NWS) reported there was about six times the average volume of rain that fell in some …
Wheat Prices Recover on Better US Winter Crop Conditions Read More »
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