A slew of Chinese companies are eyeing initial public offerings (IPOs) in Hong Kong, riding on the stock market impetus provided by artificial intelligence (AI) start-up DeepSeek. AICT, a Beijing-based AI solutions provider, aims to raise about US$200 million from a Hong Kong IPO, according to sources familiar with the matter. AICT, whose products are…
The sudden success of Chinese artificial intelligence (AI) start-up DeepSeek comes as a morale booster for the country’s researchers and tech companies, who have been tasked by Beijing to push for breakthroughs in the face of US-led curbs on the trade, industry participants and analysts said. DeepSeek’s emergence has also changed perceptions among economists and…
Image: Firdous Nazir/NurPhoto (Getty Images) This story incorporates reporting from YAHOO!Finance, Yahoo Finance and MSN. Nvidia and other prominent tech stocks regained ground on Tuesday, following a sharp sell-off on Monday driven by concerns over artificial intelligence. The Nasdaq Composite surged over 1%, with significant contributions from tech companies. The S&P 500 rose 0.9%, while…
Li Zexiang, the Chinese professor credited with nurturing some of the country’s most valuable tech start-ups, including DJI, is embarking on a new mission to create multiple Silicon Valleys across China and drive the next wave of innovation. “For a large country like China, it can’t rely on just one company. It needs communities, and…
We recently compiled a list of the Top 10 Undervalued Tech Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Hewlett Packard Enterprise Company (NYSE:HPE) stands against other top undervalued tech stocks to buy according to hedge funds. Artificial intelligence was the dominant story in the…
US companies already dominate the global stock market when it comes to size. A new chart from JPMorgan Asset Management shows that’s largely expected to continue. The firm attributes the boom to artificial intelligence. In JPM’s 2025 Long-Term Capital Market Assumptions released on Monday, the team projected that US companies’ market cap share of the…
U.S. stock markets saw minimal changes on Tuesday as General Motors surged 10.4% on strong earnings offset a steep drop in GE Aerospace shares. S&P 500: 5,851.20 ⬇️ down 0.0047% Nasdaq Composite: 18,573.13 ⬆️ up 0.18% Dow Jones Industrial Average: 42,924.89 ⬇️ down 0.016% STOXX Europe 600: 520.40 ⬇️ down 0.21% CSI 300: 3,957.78 ⬆️…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The broadening of the stock market rally has become a crucial theme during the second half of 2024. Amid the start of rate cuts — and economic data that’s showed the US economy…
U.S. stocks closed mixed on Monday, as Wall Street’s extended rally took a breather ahead of a pivotal week for earnings reports. The S&P 500 slipped by 0.18%, while the Dow Jones Industrial Average fell over 300 points. The tech-heavy Nasdaq Composite managed a 0.27% gain, supported by Nvidia’s record-breaking performance. S&P 500: 5,853.98 ⬇️…
China’s mainland shares posted modest gains as a central bank lending rate cut boosted real estate stocks, but investors awaited more details on government stimulus. S&P 500 Futures: 5,903.50 ⬇️ down 0.04% S&P 500: 5,864.67 ⬆️ up 0.40% Nasdaq Composite: 18,489.55 ⬆️ up 0.63% Dow Jones Industrial Average: 43,275.91 ⬆️ up 0.09% FTSE 100: 8,386.32…