To The Moon

Hot Chinese ADRs gained in premarket trading.Li Auto rose over 4%; JD.com, iQiyi, XPeng rose 3%; Bilibili, Tencent Music, Nio, Baidu rose 2%; Trip.com, Pinduoduo, Alibaba rose over 1%.China’s two main stock exchanges vowed to tighten supervision of quantitative trading, taking their aim at leveraged products that have been blamed for triggering volatility.

U.S. stocks ended lower on Tuesday, with the Nasdaq showing the largest declines as chipmaker Nvidia stumbled ahead of its highly awaited earnings report, while gains in Walmart kept losses on the Dow

The proliferation of AI continues.

Super Micro Computer experienced significant growth in Q2'24, playing a central role in the transition to higher capacity computing in the GenAI renaissance.JPMorgan analyst predicts substantial growt

Google has initiated significant layoffs across its various teams, including the Voice Assistant, hardware, engineering and ad sales teams, marking a continuation of the tech industry’s trend towards reducing workforce expenses. The layoffs have affected hundreds of employees within the Voice Assistant unit; hardware teams responsible for Pixel, Nest and Fitbit products; and a considerable portion of the augmented reality team. This move is part of Google’s broader effort to streamline operations and align resources with its most significant product priorities.According to The Verge, the total number is in the thousands. This comes at a time when Google parent, Alphabet Inc., reported record profits in late January. The company reported $20.4 billion in net income in Q4.A startup that solves the age-old paywall problem is growing exponentially and looking for new shareholders.Late last year, there were already worries within the company that AI was going to begin replacing employees a

According to Bloomberg, the Biden administration is in talks to confer more than $10 billion in subsidies to Intel Corp., people familiar with the matter said, in what would be the largest award yet under a plan to bring semiconductor manufacturing back to US soil.Intel stock jumps nearly 3% in premarket trading.Intel’s award package is expected to include both loans and direct grants, according to the people, who asked not to be identified because the deliberations are private. They stressed th

Chinese Lunar New Year is around the corner. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.The Singapore market will observe hal

ASML Holding NV said it started shipping major parts of the first of its newest chipmaking machine to Intel Corp.The state-of-the-art system, called high-NA extreme ultraviolet, was shipped to Intel’s