What’s Going On With AST SpaceMobile Stock On Wednesday?
AST SpaceMobile partners with Verizon to offer direct-to-cellular service in US with $100M commitment. Stock up 16.9% premarket at $6.20.
Apple’s Southeast Asia Growth: New Kuala Lumpur Store Set to Open In June
Apple to launch first retail store in Malaysia on June 22, expanding presence in Southeast Asia. Boosting sales outside China.
China’s Pumping Big Money Not Just Into Chip Sector But Also EV Batteries: Key Tesla, Nio Suppliers Among Those Eligible To Get $830M R&D Funding
Six firms are eligible to receive state funding to work on the solid-state battery technology, Reuters reported, citing a person familiar with the matter.
As Apple’s iPhone 16 Launch Nears, Report Says More Than Half Of World’s Smartphones Will Be AI Capable By 2028: Here Are Top 5 Use Cases
Ahead of Apple iPhone 16 with AI launch, analytics firm Canalys has predicted a boom in AI-capable smartphones over the next few years.
Nvidia Accelerates AI Chip Production with New Packaging Tech to Meet Soaring Demand
NVDA plans to use FOPLP for AI server chips to address production constraints at TSMC. Industry sees FOPLP as a viable alternative to CoWoS.
What’s Going On With Robinhood Markets Stock On Wednesday?
Robinhood (HOOD) stock rises after announcing $1 billion share buyback program and launch of tiered margin rates and retirement offerings.
AMD Expands Partnership with Samsung, New 3nm Chips to Boost Market Share
AMD and Samsung are expanding their partnership to develop 3nm chip processing technology, which is crucial for AI devices. AMD also plans to integrate its graphics and offer HBM chips to Samsung. Investors can gain exposure through IGPT and SOXX.
Rivian May Offer Performance Pack As Software Update For Dual Motor R1 Vehicles: Report
The Performance Pack, priced at $5,000, boosts the horsepower of dual-motor Rivian models from 533 to 665, with a remarkable 219 lb-ft torque increase.
Temu’s Growth Surge Makes Parent PDD Surpass Alibaba as China’s Most Valuable E-Commerce Giant
PDD surpasses Alibaba in market value, aided by its value-for-money strategy and Temu marketplace. Analysts predict continued success from new markets and strong consumer perception.
Hedge Funds’ Exposure To Big Tech Hits Record High As Nvidia’s Soaring Stock Drives Rally
In the wake of Nvidia's remarkable earnings, hedge funds' exposure to the top U.S. technology companies has reached an all-time high.