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Samsung profits jump 1,800% as AI chip sales soar

South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips.

2 min read

AI chip boom lifts Samsung profits by 1,800%

South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips.

1 min read

Stock Indexes Turn Mixed as Chipmakers Sink

The S&P 500 Index ($SPX) (SPY) is up +0.10% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.85%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.92%. September E-mini S&P futures (ESU26) are up +0.08%, …

6 min read

Stocks Climb as Fed Rate Hike Fears Ease on a Weak Jobs Report

The S&P 500 Index ($SPX) (SPY) today is up +0.67%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.85%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.40%. September E-mini S&P futures (ESU26) are up +0.58%, an…

6 min read

Thursday's ETF with Unusual Volume: DEHP

Components of that ETF with the highest volume on Thursday were Infosys, trading up about 4.7% with over 11.4 million shares changing hands so far this session, and Ambev, down about 0.6% on volume of over 11.1 million …

1 min read

Forex Today: US Dollar weakens after softer US jobs data

The US Dollar Index (DXY) came under pressure near the 100.90 level after the latest United States (US) employment report showed a clear slowdown in hiring. Nonfarm Payrolls rose by only 57,000 in June, while May’s gain…

3 min read

Crude Oil forgets the war and shrugs at the tollbooth

Crude Oil finished Thursday at its lowest level in 18 weeks, which means the vast risk premium that built up around this year's conflict has fully bled away, back to pre-war levels. The interesting part is not the round…

6 min read