Samuel Nwite
AUTHOR: Samuel Nwite
AI Chip Giants Lose $1.3tn In Market Value As Investors Unwind Crowded Trade
The world’s largest semiconductor companies have lost about $1.3 trillion in market value this week as investors rapidly reduced exposure to artificial intelligence-linked chip...
China Reportedly Begins Mass Production Of Homegrown DUV Lithography Machines
China has begun mass-producing domestically developed immersion deep-ultraviolet (DUV) lithography machines, marking one of its most significant advances yet in semiconductor manufacturing.
The move is...
Analysts Weigh In As South Korea’s Stock Rout Deepens, Leveraged ETF Losses Fuel Market...
South Korea's stock market extended its steep selloff for a second consecutive session on Wednesday as investors continued to unwind heavily leveraged bets on...
Altman Briefs Senators as OpenAI’s AI Agent Goes Rogue, Trump Signals Possible AI Controls
Sam Altman met with U.S. senators in Washington on Wednesday to discuss OpenAI's next generation of artificial intelligence models, as the company faces growing...
UBS Profit Climbs As Investment Banking Rebounds; CEO Says The AI Pullback Is Healthy
UBS reported stronger second-quarter earnings on Wednesday, bolstered by the resilience of its investment banking and wealth management businesses.
But Chief Executive Sergio Ermotti cautioned...






