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CXMT shares fall 6.5% despite forecast profit turnaround
CXMT shares fell 6.5% despite a forecast swing to profit for the first nine months of 2026.
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CXMT shares fell 6.5% despite a forecast swing to profit for the first nine months of 2026.
Microsoft has ended a U.K. AI data center lease with Nscale, hurting the Nvidia-backed neocloud’s planned U.S. IPO.
Nscale's £2bn Essex data centre is delayed to the 2030s by grid constraints; Microsoft exits as anchor tenant.
A CNBC columnist argued that Friday’s sharp selloff in AI and semiconductor shares may reflect forced deleveraging rather than the end of the data-center buildout, citing CoreWeave’s bond yields and Nvidia’s financing role.
South Korea's finance minister says chip-led growth will strengthen as the IMF lifts its 2026 forecast to 3.3 percent.
Hyundai Motor Group is expanding robotics and physical AI at its Uiwang R&D center and factories to cut costs and sharpen competitiveness as its shares slump and Chinese EV competition intensifies.
South Korea’s finance minister told CNBC the semiconductor boom should last at least through 2027, even after chip stocks fell.
AI stocks slid and hot inflation rattled markets; the Dow rose as investors rotated beyond tech, CNBC reported.
Tech stocks slid Friday as a chipmaker rout hit an eighth day, with oil and Treasury yields adding pressure.
Anita Verma-Lallian of Arizona Land Consulting told Bloomberg that the drop in AI shares and CoreWeave bonds reflects a repricing of excess hype, while sites with land, power and zoning draw more demand than ever.
GF Securities: Apple alone to grow smartphone shipments in 2026; iPhone 18 Pro and Duo face constraints.
CoreWeave shares fell nearly 12% Friday and about 25% for the week as its 2031 bond yield approached 16% and five-year credit default swaps topped 1,000 basis points, CNBC reported. Nvidia CEO Jensen Huang said CoreWeave's financial position is stable and improving.
RapidCanvas Inc. raised $29 million in Series B funding led by Vertex Ventures SEA & India to expand its custom enterprise AI application platform. The company says its annualized revenue has grown eightfold in 18 months and it has more than 75 clients.
CoreWeave shares swung sharply as credit warnings and a divided sell-side left the AI cloud company volatile before earnings.
Wall Street fell Friday as AI and chip stocks slid, oil and yields rose; CNBC's Investing Club downgraded TJX after its rally.
CoreWeave's bonds fell to distressed levels as default insurance neared 1,200 basis points and some yields hit 15%-16%, testing private credit's AI infrastructure financing.
Vinci4D is using pretrained physics models to speed semiconductor simulation and analyze multiple physical phenomena at once, according to an interview at SEMICON West. The startup recently raised $250 million at a $1.5 billion valuation and plans to expand into automotive and aerospace.
Vinci4D detailed physics AI for chip design; ex-Nvidia exec Amulya Vishwanath said robotics is still in a 'Lego era'.
Tesla-SpaceX merger odds before March 2027 jumped to 56% from 29% after a Barclays note, CNBC reported.
Capital One and Meta earnings next week will test patience on spending; Apple's iPhone Duo preorders began Friday.
Nvidia CEO Jensen Huang said in London that Nvidia will invest $1.16 billion in five U.K. startups and other unnamed British companies.
Seoul’s KOSPI closed up 2.05% at 5,668.05 on Oct. 16, snapping a seven-day losing streak, as chip shares recovered and Fed Chair Kevin Warsh’s comments on the U.S. economy and AI boosted risk appetite. The won rose to 1,331.4 per dollar.
Chinese drone-display company Damoda is moving from light shows into equipment sales, overseas markets and low-altitude swarm embodied intelligence, and expects to file for an IPO in 2027, Leiphone reports.
Sifted counts 94 European AI fintech startups rebuilding finance's back office, asks whether open-weight AI models are safe enough, scrutinises defence tech revenue, and profiles voice AI founder Thomas Kluiters.