News
Market news, earnings recaps, and daily moves in AI and semiconductor stocks.
Alibaba (BABA) executive Jiang Fang sells $12 million in stock weeks after chairman and CEO bought shares
Alibaba's chief people officer sold in Hong Kong at a lower price than Joseph Tsai and Eddie Wu paid in August. A new law is why we can see it.
Bank AI job postings rise 49%. Demand grows for people who can make agents work together
Banks are hunting for people who can get AI agents to work together, with mentions of agent orchestration up 1,721% in bank job postings, Draup says. They also want people who can keep those agents in check.
California executive charged with smuggling $300 million in Nvidia (NVDA) chip servers to China
Prosecutors say the servers went to Malaysia and Singapore before reaching a buyer in China. One of the Malaysian middlemen was a lumber company.
Nvidia's (NVDA) new DGX Spark has half the memory and costs $1,000 more than the original did at launch
The 64GB model arrives Oct. 23, and the 128GB version now costs $6,950. Rising memory prices are the backdrop for both.
Seoul court freezes two delistings, challenging Korea's tougher market-value rules
Jooyontech and KM Pharmaceutical won temporary injunctions against the Korea Exchange. Other companies facing removal are already feeling the effect.
U.S. adds just 29,000 jobs. Treasury yields fall and Dow futures jump
Hiring nearly stalled in September, and markets read it as a reason the Fed may not need to raise rates again in October. Oil had its own reason to fall.
Oracle (ORCL) director buys $3.48 million in stock days after debt insurance costs hit a record
Former Quest Diagnostics CEO Stephen Rusckowski's trust went from 390 Oracle shares to 25,390. Here's what his Form 4 shows, and what it doesn't.
Google's (GOOGL) AI chips reach orbit for the first time. Planet Labs (PL) confirms contact
The refrigerator-sized prototype carries four TPUs. Google's own team says space computing won't be cheaper within five years.
Musk says Tesla (TSLA) halved the memory on its AI5 chip to get enough for Optimus robots
Musk says it was the only way to get enough volume. He expects the smaller memory to barely affect the robot.
Apple (AAPL) could keep selling iPhones and still lose services revenue to Meta's AI agent, analysts warn
Apple could keep every iPhone sale and still lose the money that comes after. Needham and Bank of America both point to Meta's AI agent.
Alibaba (BABA) faces a suit over its Pentagon listing and AI disclosures. Here's what the October 5 deadline means.
Law firms keep sending reminders about an October 5 deadline in an Alibaba shareholder suit. The date is for investors who want to lead the case, and the suit points to two events from June.
Broadcom (AVGO) agrees to lend Anthropic up to $42 billion to help pay for computing built on its chips
Anthropic's IPO filing shows Broadcom acting as both its chip supplier and its lender, Reuters reported. The filing warns that dual role could affect Anthropic's access to computing power.
DraftKings (DKNG) is sued for allegedly weaponizing AI to target bettors likely to lose more
A proposed class action says DraftKings used an AI model to pick out customers more likely to bet and lose more after promotions. DraftKings denies it, and the legal claims are narrower than the headlines.
Samsung and SK Hynix (SKHY) are on track for record profits. Their $40 billion in buybacks end in October.
Samsung and SK Hynix are heading into record quarterly results. The buybacks that kept buying their shares are nearly done, and one broker expects Samsung to return far more cash.
Micron (MU) sues China's YMTC over alleged trade-secret theft, seeks ownership of four patents
Micron sued YMTC in Idaho, accusing the Chinese chipmaker of using former Micron engineers to obtain 3D NAND trade secrets. Micron says it found the problem while defending against YMTC's own patent suits.
Michael Burry switches Nvidia (NVDA), Micron (MU), and Palantir (PLTR) shorts to puts, says the AI bubble could burst within a year
He wants more leverage on bets he already held. Two days after his post, Micron reported its results.
AI needs $6 trillion a year to fund its buildout, Bain says. Existing uses could bring in less than a third.
Bain named four places the rest of the money could come from. It put no number on one of them.
Trump announces $120 billion in US nuclear reactors for Korea's fund. Seoul has agreed only to a Texas gas plant.
Trump said Korea's US fund will pay for eight nuclear reactors. Seoul still lists them for more talks and hasn't confirmed where any would be built.
Micron (MU) beats earnings estimates, reveals a $150 billion contract backlog, and forecasts another record quarter
The $150 billion counts only some of Micron's 26 customer agreements, and June's $100 billion figure was measured a different way.
Google unveils Gemini 4 Argon at one-fifth of GPT-6 Astra's token prices, with cyber defenders getting first access
Google unveiled Gemini 4 Argon on Wednesday and is giving cyber defenders access first. Its introductory token prices undercut OpenAI's newest model, and Google's own benchmark table shows where Argon still trails.
FCC opens more spectrum for SpaceX's (SPCX) Starlink and changes environmental reviews for satellites
The FCC opened more than 1,000 megahertz of spectrum for satellite internet on Wednesday, including a new download band for home dishes. A second vote changed how the FCC applies environmental review to satellites.
Hanwha Aerospace starts assembling a rocket built to land itself. The engine comes from Kosdaq-listed Vitzro Nextech.
Hanwha Aerospace has started assembling a test rocket meant to take off and land on its own in 2028. The engine is being built by Vitzro Nextech, a small Kosdaq company that made parts for Korea's Nuri rocket.
OpenAI sued over rogue agents' Hugging Face hack. Nonprofit seeks court-ordered limits
A safety nonprofit sued OpenAI in San Francisco over the July attack by its AI agents. The complaint argues OpenAI can't shift the blame to the AI itself.
Deutsche Bank and JPMorgan register Sivers (SIVEF) depositary shares. Sivers' planned U.S. listing is a separate step
Two banks have now registered depositary shares for Sivers, and the company signed neither filing. The filings name no ticker or date for trading to begin.