Headquarters of Samsung in Mountain View, California, on October 28, 2018.Shares of South Korean chip heavyweights Samsung Electronics and SK Hynix surged Thursday, a day after the two companies partnered with artificial-intelligence major OpenAI as part of the U.S. firm's Stargate initiative.Shares of Samsung hit their their highest since January 2021, rising over 4%, while SK Hynix stock surged more than 9% to hit its highest since 2000.OpenAI said in a statement that this partnership will "focus on incre ...

Micron Technology forecast first-quarter revenue above market estimates on Tuesday, betting on booming demand for artificial intelligence hardware to boost sales of its advanced memory chips. ...

US futures are weaker after all major indexes closed at ATHs on Friday. As of 8:10am, S&P and Nasdaq futures are down 0.3%; the S&P is now notably overbought, but that may not stop the overall uptrend according to bullish analysts, with earnings expectations rising and the market betting on almost two more rate cuts this year. Pre-market, Mag7 names are lower ex-AAPL, TSLA; NVDA is -88bp dragging Semis lower as we start the week with a slight defensive tone. Bond yields are flat with the 10Y trading at ~4.1 ...

US stock futures edged lower on Monday as traders caught their breath following a milestone week that saw the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) notch fresh all-time highs. Futures on the Dow (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) were all about 0.4% lower. Meanwhile, gold (GC=F) rose to a new record high, topping $3,750 as investors bet that more interest-rate cuts are coming from the Federal Reserve. Stocks are on the retreat a strong week across the boar ...