TECHNOLOGY

Asustek Computer's stock rose 3.54% amid surging AI hardware demand, outperforming regional benchmarks. Despite strong growth, analysts note modest valuation multiples compared to Taiwan's tech sector.

Intel's stock experiences volatility despite strong earnings, as analysts debate the sustainability of its growth amid supply constraints and competition. Investors eye upcoming earnings for clarity.

SK Hynix reported record Q2 profits driven by high-bandwidth memory chip demand for AI systems, despite missing analyst forecasts. The company plans further production expansion amid strong AI infrastructure investments.

U.S. stocks fell as Iran's surprise attack on American forces heightened market volatility. Concerns over AI spending and upcoming Federal Reserve decisions added to investor uncertainty.

Micron Technology's stock has sharply declined due to competition from a new Chinese memory chip rival and concerns over the sustainability of AI infrastructure spending.

South Korea's KOSPI index has plunged over 12% in two days, driven by AI spending concerns, SK Hynix's earnings miss, and intensified market volatility, triggering circuit breakers for the first time.

Mario Kart World is the top-selling Nintendo Switch 2 game, driving console sales to nearly 20 million units worldwide within a year of launch, according to Nintendo's latest sales figures.

Samsung introduces the Galaxy Z Fold 8 lineup with enticing pre-order offers, including free earbuds and significant trade-in credits, as it aims to strengthen its market position before Apple's foldable release.

Japan's Nikkei 225 index fell sharply due to a selloff in AI and semiconductor stocks, despite broader market stability. Geopolitical tensions and currency fluctuations added to investor concerns.

South Korea's KOSPI index suffered a historic two-day decline, losing over 12.6% as investor concerns about AI spending sustainability led to a sell-off in major chipmaker stocks.

China's smartphone market contracts as rising memory chip prices favour premium brands like Apple and Huawei, reshaping competitive dynamics and squeezing out lower-cost competitors.

Samsung Electronics shares fell 13.4% amid fears of Chinese competition, marking their worst one-day drop in nearly two decades. The broader South Korean market also suffered significant losses.

Micron Technology shares fell nearly 10% amid a global memory chip selloff, driven by Chinese competition and cooling AI infrastructure spending, despite strong financial performance and bullish Wall Street ratings.

Yelp's stock rises as the company expands AI services and strengthens partnerships, including a content licensing deal with OpenAI, enhancing its market position and revenue diversification.

Boeing's Q2 2026 results show revenue growth and positive cash flow, despite challenges with Air Force One charges. The company sees improved operational performance and maintains a strong order backlog.

Sanmina Corporation's shares fell 20.50% despite exceeding earnings expectations, as investor sentiment turned negative due to disappointing revenue guidance for the next quarter.

Verizon is offering up to $1,200 off Samsung's Galaxy Z Fold 8 and Ultra preorders with trade-in and eligible data plans, ahead of their official release.

Amkor Technology shares fell sharply despite reporting record earnings and revenue, as investors focused on a weaker-than-expected outlook and operational challenges in the communications segment.

Itron Inc.'s stock surged 22% after reporting second-quarter earnings that exceeded expectations, despite a revenue decline. The company updated its financial guidance, boosting investor confidence.

Kiniksa Pharmaceuticals' shares rose over 21% following strong Q2 results, surpassing expectations and raising its full-year sales outlook for ARCALYST, the only FDA-approved therapy for recurrent pericarditis.

HYBE, the entertainment company behind BTS, reported record quarterly revenue and profit driven by concert and album sales, despite a significant drop in its stock due to broader market selloff.

Global chipmaker stocks have plummeted due to concerns over AI spending sustainability and rising competition from China, with major declines in South Korea, Japan, and Europe.

Microsoft introduces MAI-Cyber-1-Flash, an AI model designed to identify cybersecurity vulnerabilities, outperforming rivals at lower costs. Integrated into Project Perception, it marks a significant shift in Microsoft's security strategy.

Apple has overtaken Nvidia as the world's most valuable company, driven by investor preference for its restrained AI spending strategy, ahead of its anticipated earnings report showing strong sales growth.

South Korea's KOSPI index plunged 10.84% due to a massive selloff in semiconductor stocks, triggering emergency trading halts and raising concerns over China's growing chip industry.

DroneShield Ltd. shares fell 12.02% as easing Middle East tensions and governance concerns impacted the stock, despite strong business fundamentals and new contracts.

Wix shares rose 9.64% amid restructuring and AI initiatives, following a challenging year marked by legal scrutiny and disappointing earnings. Investors await the upcoming earnings report for further insights.

China's CXMT has surged in the stock market, challenging Samsung and SK Hynix with aggressive pricing, rapid expansion, and government backing, posing a significant threat in the global memory chip market.

Shares of Chinese memory chipmaker CXMT Corp exploded on their Shanghai trading debut Monday, surging 465.82% to close at 49.00 yuan, instantly catapulting the company to the top of China's stock market by valuation and marking one of the most spectacular initial public offerings in recent financial history.