Chinese Chipmaker MetaX Plans Hong Kong Listing to Seize on BoomMetaX Integrated Circuits Shanghai Co. plans to list shares in Hong Kong to capture the boom in chip stocks after a blockbuster initial public offering in mainland China last year.
‘Extreme’ Rotations Leave Stock Market Bulls Without a PlaybookInvestors used to watching US equities go nowhere but up since late March have spent the past week without a reliable playbook.
MediaTek’s Rally Signals Shift From Laggard to AI ContenderMediaTek Inc. shares are poised for their best quarter on record, as investors bet a shift into artificial intelligence chips can help it shed the overhang of its struggling older-tech business.
SpaceX Shares Jump in First Day Following Record $75 Billion IPOShares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s business empire into one of the most-valuable public companies in the world.
UK Tech Secretary Vows More Action on Pushing Funds to StartupsThe UK’s Labour government will strengthen efforts to drive institutional funds into British tech companies, Technology Secretary Liz Kendall said, as she pledged more backing for the country’s artificial intelligence sector.
Ninety One Doubles Down on Turkey’s Aselsan in Defense BetAsset manager Ninety One has increased its holdings in Turkish defense electronics maker Aselsan Elektronik Sanayi Ve Ticaret AS, seeing the company as a way to diversify from the artificial-intelligence trade that’s dominating global markets.
Kioxia Becomes Japan’s Most Valuable Firm as AI Mania Goes OnMemory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan’s largest company by market value, underscoring how the global artificial intelligence boom is reshaping the country’s corporate landscape.
Singapore Companies Are Most Cautious About Global ExpansionSingapore’s small and medium-sized businesses are the least upbeat about overseas expansion among 11 markets surveyed as geopolitical tensions cloud the outlook, said Kreston Global.