Samuel Nwite
AUTHOR: Samuel Nwite
South Korea Bought $20bn of SK Hynix’s Dollar Proceeds to Rebuild FX Reserves
South Korean foreign exchange authorities bought roughly $20 billion of U.S. dollars sold by SK Hynix following the chipmaker’s record $26.5 billion American depositary...
Apple Emerges as Investors’ Safe Haven as AI Trade Faces Growing Doubts
Apple is increasingly emerging as an unlikely defensive play for investors as concerns over the durability of the artificial intelligence boom and the risk...
Cramer Urges Nvidia to Launch $500bn Buyback as AI Growth Fails to Lift Shares
CNBC’s Jim Cramer is calling on Nvidia to dramatically expand its share-repurchase program, noting that the artificial intelligence chipmaker’s extraordinary growth is not being...
Adobe Acquires Indian AI Marketing Startup Rilo to Expand Automated Workflow Tools
Adobe has acquired India-based marketing intelligence startup Rilo in a deal that combines technology licensing with the acquisition of the startup’s six-member team, giving...
Palo Alto Networks Sees $1 Trillion Cybersecurity Upgrade Wave as AI Accelerates Attacks
Palo Alto Networks Chief Executive Nikesh Arora said Tuesday that the rapid adoption of artificial intelligence is forcing companies to reconsider roughly $1 trillion...