Finance news

Is the pullback in the room with us?

Finding it hard to understand how markets are still propped up so high… Every investing subreddit i come across has members flaunting their 100-1000% gains on AI-related stocks. We see a pullback of 5% and everyone is piling in to the dip (at least on reddit). At what point do we admit everything is overvalued? They dont even know how to monetize AI! Backlogs at every chip & compute provider, promised to be fulfilled by companies that can hardly turn a profit. Then you look at chinese opensource

Watchlist Update | What Am I Still Focusing On After the AI ​​Pullback?

The biggest change in the market this week wasn't the disappearance of the AI ​​logic, but rather a reassessment of valuations The Philadelphia Semiconductor Index fell nearly 8% in a single day, with popular AI stocks like MU, SNDK, and ARM experiencing significant pullbacks. Many are discussing whether the rally is over, but based on current information, it seems more like a cooling of expectations than a deterioration in fundamentals. SPCX: After falling from around 225 to around 157, it fina

Tech companies would have to pay AI data center energy costs under bill moving in Congress

A House subcommittee may advance legislation Wednesday to make tech companies pay the energy costs for operating data centers to power AI.

China’s telecoms giants bet on ‘air-space-ground-sea’ networks for future AI needs

China’s telecoms giants are pushing for “air-space-ground-sea” networks amid Beijing’s push to expand artificial intelligence infrastructure, as SpaceX’s market debut has ignited the industry’s focus beyond the Earth. At the opening of the Mobile World Congress (MWC) Shanghai on Wednesday, telecommunications executives framed the next phase of infrastructure as one that needs to encompass both the skies and oceans to meet skyrocketing demand for AI computing. Wang Tao, rotating chairman of...

The AI bubble is literally the same thing as the dotcom bubble

Many people are probably thinking something like this: if ai is a useful technology then the current stock market valuations must be normal, not a bubble. But it is a bubble. And I'm leaning toward the idea that after Anthropic's IPO, it will start to deflate There’s no denying that AI is a revolutionary technology, and nobody is going to abandon it. It's just like the internet: after the dotcom crash, people didn't stop using it, the same thing will happen with AI it will keep developing, but t

SoftBank's Son says calling AI a bubble is 'blasphemy'

Banks are rushing to recruit AI leadership – but how will the tech be implemented?

Both regulators and clients could motivate banks to adopt artificial intelligence for greater efficiency gains in the coming years, an Amazon Web Services (AWS) executive has predicted, adding the trend could intensify the global race to embrace the cutting-edge technology. Over the past few months, multinational banks have approached AWS about how to grow their business in innovative ways, said Shaown Nandi, vice-president of technology at the US cloud computing giant, in an interview with the.

America’s ‘biggest risk’ on AI is China getting ahead, Bessent says

US Treasury Secretary Scott Bessent on Tuesday said China surpassing the United States on artificial intelligence was the “biggest risk” of the technology – outweighing concerns over safety or job losses. “The biggest risk to AI is China getting ahead of us,” Bessent said at the Economic Club of New York, adding that China’s willingness to discuss AI underscored America’s technological lead. “I am one of the point people on our AI policy. I am the point person in terms of the economic...

China’s medical AI breaks ground as surgical robot wins EU approval, model tops benchmark

Medical AI from China has reached new milestones, with a teleoperated surgical robot gaining access to the European Union market and a clinical-grade model topping a major healthcare benchmark developed by OpenAI. Shanghai MicroPort MedBot said its Toumai Remote robot, which allowed surgeons to remotely conduct laparoscopic surgeries, had received the “CE mark” from the European Union, a mandatory requirement to enter the market, according to its Hong Kong stock exchange filing on Monday. The...

The Trillion-Dollar AI Shockwave Nobody Is Ready For

The biggest investment opportunity of the AI era has very little to do with software or chips. The market has already priced both. The real story is power: who owns it, where it sits and how cheaply it can be delivered to AI workloads at scale. A small data center company that almost no one on Wall Street has heard of just answered all three of those questions in front of the entire industry. In May 2026, Bitzero Holdings Inc. (NASDAQ:AIBZ) signed a binding letter for a 15-year lease with OneQod

SpaceX pulls off one of the biggest AI debt deals yet

The offering is set to close on Friday and help SpaceX pay off its existing debt

US Anthropic ban is best advert for Chinese AI

Bankers working for JPMorgan Chase and Goldman Sachs in Hong Kong must have been miffed when they were shut off from using artificial intelligence (AI) models from Anthropic, a pioneering American firm in the field. Goldman Sachs and JPMorgan Chase pulled the plug in April and last week respectively, based on a strict interpretation of Anthropic’s terms of use, which reflect Washington’s stringent restrictions on China’s access to frontier American AI models. The banks’ decisions are seen as a..

Dogs, drones and AI: Australian agriculture is going high-tech

Cerebras reports 92% revenue growth in chipmaker's first earnings report since IPO

Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.

The AI Boom Is Set to Fast-Track China's Coming Nuclear Energy Dominance

The United States is still the largest producer of nuclear energy in the world – but probably not for long. Decades of political ambivalence have left the domestic nuclear sector in a state of neglect. Far more reactors are aging out than being constructed, and the country’s few attempts at building new nuclear fission reactors have been controversial, expensive, and slow to get off the ground. After Georgia’s Plant Vogtle finally came online years late and billions over budget in 2024, zero new

US stocks slide, as Wall Street gets AI wake-up call

Wall Street got a reality check as a bruising sell-off in several technology giants fuelled concern the artificial intelligence frenzy that has powered the equity bull market might be overblown. The tech rout engulfed global stocks as worries about frothy valuations ignited a fresh bout of volatility after a nearly three-month surge in riskier assets. The S&P fell 1.4 per cent. The benchmark index is coming off 11 weekly gains out of the last 12, led largely by technology stocks. The Dow Jones..

The ‘Magnificent Seven’ correction may actually be a sign of a healthy stock market

The Big Tech grouping officially fell into correction territory on Tuesday as mounting concerns about AI spending weighed down the group.

An off-grid power project gets a major proof of concept. What it means for GE Vernova

AI data centers powered by off-grid power plants took a major step forward this week, a good sign for GE Vernova as industry challenges pile up.

Job applicants who master this one skill stand out more in the age of AI

Young Americans are looking for ways to stand out from their peers.

Poland buys V-Bat UAVs from Shield AI for naval forces

In Ukraine, V-Bat drones have withstood electronic warfare attacks that have downed other UAVs.

SpaceX Taps Bond Market for $20 Billion to Fuel AI Expansion

Elon Musk’s SpaceX has begun selling investment grade bonds for the first time in what is anticipated to be a mass borrowing spree in order to fund the company’s ambitious AI plans following its blockbuster Nasdaq listing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley are arranging calls with investors in a bid to provide temporary bridge financing for the satellite company, according to reports in Bloomberg. A bond offer is expected to follow this, with matur

SoftBank to build AI servers at old Sharp plant starting in fiscal 2027

Blackstone to invest $30bn in Japan AI data centers: president

Europe’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks

Italian gas distributor Italgas plans to invest nearly $15 billion by 2032 as it accelerates the use of AI in increasingly smarter and flexible networks, Europe’s largest natural gas distributor said on Tuesday. Total planned investments under the company’s Strategic Plan 2026-2032 unveiled today will be 13 billion euros, or $14.8 billion, through 2032. This would be a 14.6% increase compared to the previous strategic plan. A total of $9.5 billion (8.3 billion euros) is earmarked for the develop

Construction stands to get an AI boost

[The content of this article has been produced by our advertising partner.] Hong Kong’s construction industry and the broader building sector will be presented with a range of AI systems and robotics capable of automating parts of building sites and improving worker safety and efficiency when the Construction Industry Council (CIC) hosts a new industry event this week. Scheduled for June 24 and 25, the first ever Global AI and Smart Construction Conference and Exhibition (GASCCE), taking place..

When is the AI Bubble gonna burst? (Give your opinion)

I'm really worried now about this situation in the financial markets. Most global risk assets have already corrected, Central Banks are getting Hawkish due to inflation caused by the Closing of the Strait of Hormuz, Trump keeps pumping and dumping the Market with his phony tweets, gold had a big run in recent months and Swiss Banks are receiving record deposits of people looking to protect their money. Everybody knows AI stocks forward P/Es are inflated and unrealistic. Is this the beggining of

I used to be a non-believer of the AI bubble, but now I can see it coming with quantum

I think well informed traders will switch to quantum in the next few years and AI bubble will burst, but the money is really just going back into quantum, but the not informed/more everyday traders will be caught off guard I fully believe quantum is what people’s dreams of AI would be like, if it works according to theory its entirely next level to the computing we can do now, and its becoming more viable than ever it seems submitted by /u/Uhhhhhhhhhhhuhhh [link] [comments]

Micron and Sandisk lead a sharp tech selloff in a ‘gut-check’ moment for AI stocks

Investors are taking a ‘breather’ from AI-driven momentum, an analyst says

Don’t restrict AI in sports, ensure fair access, Hong Kong lawmaker urges

Hong Kong’s lawmaker for the sports sector has urged authorities to focus on ensuring fair access to AI rather than attempting to restrict its use, arguing that the technology has increasingly reshaped athlete development and competitions. Speaking at a World Economic Forum panel in mainland China’s Dalian on Tuesday, Kenneth Fok Kai-kong said that artificial intelligence (AI) was transforming sports in ways that differed from past technological advances. Such changes had made it difficult to...

AI memory startup focused on cutting token costs raises $98 million

Engram enters the market as the AI industry grapples with a rising cost problem fueled by more expensive models.