In a landmark political shift, New York City has elected 34-year-old democratic socialist Zohran Mamdani as its 111th mayor, making him the youngest person to hold the office in a century. Meanwhile, global semiconductor stocks faced significant selling pressure as concerns mounted over lofty valuations for artificial intelligence-related companies, with key Nvidia suppliers across Asia experiencing sharp declines that dragged down regional markets.
about NYC Elects Youngest Mayor in Century as Chip Stocks SlideSK Hynix
0 in Finance and 0 in Crypto last weekMicron’s AI Memory Chips Fuel Growth Despite Stock Dip
Micron Technology is emerging as a critical AI infrastructure player through its high-bandwidth memory chips, delivering impressive fiscal Q4 results with revenue up 46% to $11.3 billion and earnings beating estimates at $3.03 per share. Despite these strong fundamentals, the stock experienced an unexpected 7% dip post-earnings, creating what analysts now see as a compelling buying opportunity as Wall Street upgrades pour in with price targets reaching $250 per share.
about Micron's AI Memory Chips Fuel Growth Despite Stock DipHuawei AI Chips Defy Sanctions, Rivian Safety Fix, China-US Deal Push
Huawei’s advanced AI chips reportedly contain components from major semiconductor manufacturers despite US restrictions, while electric vehicle maker Rivian addresses door safety concerns, and China offers investment incentives to ease American security measures. These developments highlight ongoing tensions in global technology supply chains and US-China economic relations, with significant implications for national security policies and corporate compliance.
about Huawei AI Chips Defy Sanctions, Rivian Safety Fix, China-US Deal PushUS Equity Futures Rise Amid Global Economic Shifts
US equity futures are trending upward at the start of a busy week, with investors closely watching economic indicators and global events. The yen is declining following Prime Minister Ishiba’s announcement of his intention to step down, adding to currency volatility. The euro is strengthening as French Prime Minister Bayrou faces a likely failed confidence vote, influencing European market sentiment. In trade policy, the US is considering annual approvals for chipmaking equipment exports to Samsung and SK Hynix factories in China, reflecting ongoing tech tensions. Thierry Wizman of Macquarie provides insights on the upcoming Federal Reserve meeting and revisions to non-farm payroll data, key factors for market direction. This blend of political, economic, and trade developments sets a complex backdrop for global financial markets.
about US Equity Futures Rise Amid Global Economic ShiftsJPMorgan Predicts 20% Surge in Asian Tech Stocks by 2025
JPMorgan Chase predicts Asian technology stocks, particularly in the AI and semiconductor sectors, could gain 15-20% by the end of 2025. Analysts cite rising data center investments and strong demand for AI-related chips as key drivers, with companies like Taiwan Semiconductor and SK Hynix expected to outperform. Meanwhile, non-AI sectors, including PC and smartphone manufacturers, face downward earnings revisions due to weakening Chinese consumer subsidies. The Bloomberg Asia Pacific Semiconductors Index, already up 12% this year, reflects this bullish trend.
about JPMorgan Predicts 20% Surge in Asian Tech Stocks by 2025US Stock Market Fluctuates Amid Tariff Concerns and Economic Data
U.S. stocks fluctuated amid ongoing concerns over President Trump’s tariff plans, with the S&P 500 and Nasdaq near four-month lows. A disappointing jobs report indicated potential economic cracks, while Trump criticized the CHIPS Act and hinted at tariff relief for Canada and Mexico. In Asia, Chinese tech shares rallied as Beijing maintained its growth target, despite Trump’s intensified trade tensions with China. Meanwhile, oil prices fell as OPEC+ announced plans to increase production for the first time since 2022.
about US Stock Market Fluctuates Amid Tariff Concerns and Economic DataAsian Markets Rise Following Wall Street Gains Amid Tech Earnings
Asian markets mostly rose on Friday, buoyed by Wall Street gains led by Tesla, IBM, and Meta Platforms following strong profit reports. Japan’s core inflation hit 2.5%, prompting potential interest rate hikes, while the unemployment rate fell to 2.4%. In South Korea, the Kospi dropped 1.4% amid concerns over AI developments from DeepSeek, impacting major tech stocks.
about Asian Markets Rise Following Wall Street Gains Amid Tech EarningsAsian Markets Rise Following Wall Street Gains and Strong Tech Earnings
Asian markets mostly rose on Friday, buoyed by Wall Street’s gains led by strong earnings from Tesla, IBM, and Meta Platforms. Japan’s core inflation hit 2.5%, exceeding the central bank’s target, while unemployment fell to 2.4%. In South Korea, the Kospi dropped 1.4% amid concerns over AI developments.
about Asian Markets Rise Following Wall Street Gains and Strong Tech EarningsAsian markets rise as Wall Street tech stocks report strong profits
Asian markets mostly rose on Friday, buoyed by Wall Street gains led by Tesla, IBM, and Meta Platforms following strong profit reports. Japan’s core inflation hit 2.5%, exceeding the central bank’s target, while the unemployment rate fell to 2.4%. In South Korea, the Kospi dropped 1.4% amid concerns over AI developments from DeepSeek, impacting major tech stocks like SK Hynix and Samsung.
about Asian markets rise as Wall Street tech stocks report strong profitsUS stocks rise as S&P 500 hits record close amid Trump’s Davos speech
US stocks closed higher on Thursday, with the S&P 500 achieving its first record close of 2025, up over 0.5%. The Dow Jones Industrial Average rose about 0.9%, while the Nasdaq Composite gained 0.2%. Investors reacted to President Trump’s speech at the World Economic Forum, where he called for lower interest rates and warned of tariffs on companies not manufacturing in America.
about US stocks rise as S&P 500 hits record close amid Trump's Davos speechUS stocks rise as S&P 500 hits record close amid Trump’s Davos speech
US stocks closed higher on Thursday, with the S&P 500 achieving its first record close of 2025, up over 0.5%. The Dow Jones rose approximately 0.9%, while the Nasdaq Composite gained about 0.2%. Investors reacted to President Trump’s remarks at the World Economic Forum, where he called for immediate interest rate cuts and warned companies about tariffs for products not made in America.
about US stocks rise as S&P 500 hits record close amid Trump's Davos speechUS stocks rise as S&P 500 hits record close amid Trump’s Davos speech
US stocks closed higher on Thursday, with the S&P 500 achieving its first record close of 2025, up over 0.5%. The Dow Jones rose approximately 0.9%, while the Nasdaq Composite gained about 0.2%. Investors reacted to President Trump’s remarks at the World Economic Forum, where he called for immediate interest rate cuts and warned companies about tariffs for products not made in America.
about US stocks rise as S&P 500 hits record close amid Trump's Davos speech