South Korea’s Kospi index jumps more than 13%, tracking Wall Street gains, on a surge of chipmaking stocks

South Korea’s Kospi index jumps more than 13%, tracking Wall Street gains, on a surge of chipmaking stocks

Lackluster earnings and revenue projections dimmed investor confidence in CEO Mark Zuckerberg’s AI vision.

Situational Awareness—an AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner—made headlines on Thursday when it sold off investments and was unwinding trades after suffering massive losses on AI and software stocks, according to CNBC, who spoke with people familiar with the situation. Fast Compa

US stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is translating into profits, while computer-chip companies clawed back some of their sharp recent losses.

US stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is translating into profits, while computer-chip companies clawed back some of their sharp recent losses.

Zuckerberg’s Net Worth Falls $18 Billion Amid Meta Stock Plunge—Wall Street Sours On AI Spending  Forbes

Meta’s spending on AI is ramping, and investors want proof that the company can make serious money in areas other than advertising.

Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.

Meta currently has 32 data centers across the globe in operation or under construction, with 28 of them in the US.

Microsoft Beats Wall Street Expectations, With 31% Jump in Profits  WSJ

Apple's market value briefly exceeded five trillion dollars on Tuesday. This milestone was achieved after the company regained its position as the world's most valuable public company. Unlike rivals, Apple rents AI infrastructure, preserving its strong cash flow. This strategy contrasts with competitors facing incre

Swiss bank unveils $3bn share buyback after volatile stock market drives record second-quarter revenues

South Korea's Kospi fell 10% and Nasdaq-100 futures dropped more than 1% as semiconductor names slid for a fourth session

The 60-day correlation between the Kospi and Nasdaq 100 recently climbed to about 0.50, its highest level since 2021, according to data provided by Rayliant.