Section
Technology
Trump Mobile data exposure may affect 27,000 customers
Trump Mobile data exposure may have revealed names, addresses and phone numbers tied to about 27,000 preorder customers, the company said.
Chip tariffs loom as US weighs levies for domestic fabs
Chip tariffs remain under review as the Trump administration weighs levies to push semiconductor manufacturing and supply chains into the US.
Trump pulls AI executive order after adviser, tech CEOs revolt
Trump pulled an AI executive order hours before signing it Thursday, after adviser David Sacks, Mark Zuckerberg and Elon Musk intervened.
Nvidia concedes China AI chip market to Huawei
Nvidia CEO Jensen Huang said the company has largely conceded China's advanced AI chip market to Huawei, as US export controls accelerate a transfer of AI semiconductor power inside China.
Trump AI executive order targets model cybersecurity review
President Donald Trump is expected to sign an executive order as soon as Thursday that would require cybersecurity reviews for advanced artificial intelligence models before release, with officials debating a 90-day government review window.
Gemini 3.5 Flash drives Google’s AI push against rivals
Gemini 3.5 Flash anchors Google's effort to tie AI agents to Search, coding and subscriptions as it presses OpenAI and Anthropic.
Jury rejects Musk claims against OpenAI after three-week trial
A federal jury sided with OpenAI after a three-week trial, removing a legal overhang as the company pursues more fundraising and a possible future listing.
PJM price spike pushes AI buildout into utility politics
A 76 per cent jump in first-quarter power costs on the biggest U.S. grid is turning data-center growth into a fight over who pays for transmission, capacity and reliability.
Cisco raises AI forecast as it cuts 4,000 jobs
Cisco beat quarterly expectations, raised its AI infrastructure outlook and said it would cut fewer than 4,000 jobs as it shifts spending toward AI.
Trump-Xi summit leaves Nvidia China sales in limbo
Trump and Xi ended their summit without resolving whether Nvidia can revive H200 sales to China, leaving export controls and chip diplomacy unsettled.
US and China open AI safety talks as rivalry deepens
The US and China will open AI safety talks after Scott Bessent said both sides wanted guardrails on powerful models despite a wider fight over chips and security.
Cerebras pops 68% in Nasdaq debut to hit $95 billion valuation
Shares of AI chipmaker Cerebras Systems surged 68 per cent in their first day of trading, closing at $311.07 and giving the company a market capitalisation of roughly $95 billion in the largest US technology IPO since Uber.
Alibaba, Tencent signal AI spending surge despite earnings pressure
Alibaba and Tencent both missed revenue expectations in the March quarter but signalled sharp increases in artificial-intelligence spending, betting that cloud and chip demand will outrun the near-term hit to profits.
AI Rally Broadens Beyond Chips Before Nvidia Earnings
Wall Street strategists say the AI bull market is entering a new phase where software and services overtake chipmakers as the primary driver of market gains, with Nvidia's May 20 earnings report serving as the next major test.
Quectel sues Pentagon over Chinese military company blacklist
The Shanghai-based wireless technology firm argues its January 2026 designation under Section 1260H was made in error and is inflicting escalating commercial damage on a company that says it has never had ties to China's military.
Big Tech earnings deliver 'wake-up call' to AI skeptics, Wedbush says
First-quarter results from the largest U.S. technology companies showed AI-driven demand holding firm across chips, cloud infrastructure, and enterprise software, with 94 percent of the sector beating earnings estimates.
As commissions vanish, the hidden costs of stock trading come into focus
Commission-free stock trading is now an industry standard — 19 of 22 major brokerages charge zero per trade. But the real costs have simply moved: margin rates ranging from 5.14 to 12.33 per cent, options contract fees of up to $0.65, and execution-quality gaps driven by payment-for-order-flow arrangements. Here is what investors actually pay in 2026.
Asia's chip titans create single-point stock market risk
TSMC, Samsung and SK Hynix now dominate Taiwan and South Korea's stock indices, creating concentration risk as hyperscalers pour $500 billion into AI infrastructure.
SpaceX IPO Tests Limits of Market Liquidity Depth
SpaceX plans a $75 billion IPO at a $1.75 trillion valuation. The record listing could drain investor capital from smaller issuers and reshape market flows.
South Korea floats AI profit social tax as tech giants boom
South Korea's top policy official proposed redirecting AI and semiconductor excess profits to citizens as a "national dividend," triggering a sharp Kospi sell-off.
Meta to cut 8,000 jobs as AI spending push reaches $145bn
Meta plans to cut roughly 8,000 jobs this month, or about 10 per cent of its workforce, as the company channels a record $125bn to $145bn into artificial intelligence infrastructure in 2026.
AI lifts S&P 500 to record as valuations outrun earnings
Wall Street ended the week with the S&P 500 at a record 7,209 and the Nasdaq at 24,892, the latest peaks in an AI-led rally that has carried US equity valuations to their most stretched levels since the dot-com era. Earnings beats have closed only part of the gap.
NewSquare trims $14.8m QTEC position after 60% technology run
NewSquare Capital cut its $14.80m position in the First Trust QTEC ETF to just 0.03 per cent of assets, according to a 13F filing. The trim follows a 60 per cent technology rally and stretches QTEC's P/E above 38.
White House weighs vetting frontier AI models in sharp policy reversal
The Trump administration is considering government vetting of frontier artificial intelligence models before their release, a sharp reversal from a hands-off approach triggered by national security alarms over a model that can find and exploit software vulnerabilities.
SK hynix HBM capacity hits zero as Big Tech offers fab funding
SK hynix told customers its high-bandwidth memory output is sold out and that Big Tech buyers are offering to fund new fabs and ASML lithography purchases.
