Asian chip-related stocks rally on renewed AI optimism

Asian chip-related stocks rally on renewed AI optimism

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024.  Annabelle Chih | Bloomberg | Getty Images Asian chipmaking heavyweights extended Wall Street’s rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling’s outlook. The founder of the artificial intelligence … Read more

Tech stocks in Asia fall amid broad declines in the region after Nvidia results

Tech stocks in Asia fall amid broad declines in the region after Nvidia results

Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results … Read more

Wall Street rebound fizzles out

Wall Street rebound fizzles out

A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to … Read more

Dow sheds 1,000 points, Japan stocks rebound

Dow sheds 1,000 points, Japan stocks rebound

A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to … Read more

Japan household spending, RBA rate decision

Japan household spending, RBA rate decision

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024.  Bloomberg | Bloomberg | Getty Images Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets were also higher. Japan’s Nikkei 225 — which saw its largest loss in … Read more

Wall Street sinks, Tesla slumps

Wall Street sinks, Tesla slumps

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

South Korea GDP, Wall Street sell-off

South Korea GDP, Wall Street sell-off

In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Ed Jones | Afp | Getty Images Japan’s Nikkei 225 extended its six-day losing streak to plunge 3%, leading losses among Asian indexes as the region … Read more

Japanese chipmaker Renesas to buy software firm Altium in $5.9 billion deal

Japanese chipmaker Renesas to buy software firm Altium in .9 billion deal

A Renesas Electronics Corp. central processing unit (CPU) board and microcontrollers. Kiyoshi Ota | Bloomberg | Getty Images Japanese semiconductor firm Renesas Electronics said Thursday that it would acquire Sydney-listed software company Altium for 9.1 billion Australian dollars ($5.89 billion) in cash, as it seeks to streamline its electronics design process. Renesas said it would … Read more