MARKETS

MediaTek shares surged 9.99% following strong earnings and AI ambitions, bolstered by strategic partnerships and a broader Asian tech rally. The company aims to expand its AI market share significantly.

South Korea's KOSPI index fell 5.36% after a historic surge, driven by profit-taking and short-covering. Market volatility continues amid global AI and semiconductor demand shifts.

SpaceX has become the most shorted large public company in the US, with investors betting $26 billion against it following a significant stock value decline despite successful operations.

Ken Griffin transformed Citadel from a Harvard dorm project into a leading Wall Street firm, managing billions and influencing markets. Discover key milestones and Griffin's impact on finance and philanthropy.

A major security flaw in Coldcard wallets led to a $75 million Bitcoin theft, yet the cryptocurrency's market price remained stable, reflecting continued investor confidence.

South Korea's KOSPI index has experienced extreme volatility due to concentrated chip stocks, earnings reactions, Chinese competition, AI spending doubts, leveraged trading, and shifting foreign investor flows.

SpaceX shares near all-time low amid insider selling concerns and ambitious growth plans. Analysts remain divided on valuation, with significant uncertainty surrounding the company's financial trajectory.

Meta's shares rebounded after a drop due to AI investment costs, despite strong ad revenue growth. The company's financials show increased expenses and reduced free cash flow, impacting investor sentiment.

IES Holdings' shares jumped 31% after reporting a major earnings surprise and announcing a two-for-one stock split. The company exceeded revenue and earnings expectations, boosting investor confidence.

Asustek Computer's shares surged nearly 10% due to strong AI infrastructure demand and robust earnings, despite mixed analyst opinions and rising component costs impacting the broader electronics sector.

SK Hynix shares surged nearly 30% as South Korea's KOSPI index recorded its largest single-day rally, driven by strong foreign investment and positive AI market sentiment.

Samsung shares soared 26.81% as South Korea's KOSPI index posted a record single-day rally, driven by AI optimism and foreign investment. Analysts urge caution amid ongoing market volatility.

Nebius Group's stock has surged due to a $1 billion AI deal and market dynamics, despite volatility and competitive pressures in the AI infrastructure sector.

Micron Technology's stock has seen significant volatility due to AI-driven demand for memory chips, with recent price fluctuations influenced by profit-taking, executive stock sales, and market sentiment.

Nintendo's stock fell 5.72% amid a global memory chip shortage, impacting its profitability and leading to price hikes for the Switch 2 console, despite strong sales performance.

Apple and Amazon's contrasting earnings reports led to mixed market reactions, highlighting the impact of AI-driven demand on tech stocks. Apple faced challenges, while Amazon saw growth in cloud services.

China's SSE Composite Index rose 0.72% as semiconductor stocks rallied, despite weak manufacturing data and ongoing economic recovery concerns. The market remains volatile amid geopolitical tensions and policy uncertainties.

Asian markets surged as tech stocks rebounded following strong earnings from US giants. Japan's Nikkei and South Korea's KOSPI indices saw significant gains, driven by investor confidence in AI infrastructure.

South Korea's KOSPI index experienced its largest single-day rally, surging 17.91% due to tech giants' rebound and strong US tech earnings, despite recent market volatility.

The ASX 200 closed the week near a five-month high, driven by easing inflation and a strong U.S. tech rally, despite a late-session pullback in the materials sector.

Micron Technology shares surged 14.77% following Samsung's record profits and warnings of a prolonged memory chip shortage, highlighting the ongoing AI-driven demand and competitive pressures from Chinese manufacturers.

SK Hynix's U.S.-listed shares rose 14.59% due to Samsung's memory chip supply warnings and strong AI infrastructure demand, contrasting with declines in its Seoul-listed shares.

E-Trade users reported widespread access issues during a volatile trading session, with Downdetector logging a spike in complaints. The outage coincided with significant market movements and high trading volumes.

Intercontinental Exchange (ICE) announces a $6 billion all-cash acquisition of MarketAxess, aiming to enhance its bond market presence. The deal promises increased transparency and efficiency in fixed-income trading.

Nebius Group shares soared over 30% following a $1 billion AI computing deal with Reflection AI, buoyed by Microsoft's strong cloud earnings, despite recent volatility and valuation concerns.

South Korea's KOSPI index fell for a third session, driven by AI spending concerns and semiconductor valuations, despite Samsung's record earnings. Market volatility persists amid investor uncertainty.

The FTSE 100 index reached new all-time highs, driven by strong corporate earnings from companies like Rolls-Royce and BAE Systems, amid ongoing global market volatility and geopolitical tensions.

Bitcoin remains stable as cryptocurrency markets await the Federal Reserve's interest rate decision, which could introduce significant volatility. Market sentiment is influenced by macroeconomic factors and geopolitical tensions.

Abbott Laboratories' shares rose 2.37% after reporting strong Q2 results and raising its 2026 earnings guidance, driven by growth in diagnostics, devices, and strategic acquisitions.