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Nvidia and AI chip stocks recovering after China's Kimi K3 model scare

Is Kimi K3 Another DeepSeek Moment? Why AI Stocks Bounced Back Fast

Update, market close: Chip stocks gave back their midday gains but finished well off their session lows. Nvidia closed down 2.2% at US$202.81, Micron ended down just 0.5% at US$848.95 after being up more than 4% earlier in the day, and AMD fell about 1%. SK Hynix closed higher. AI and chip stocks had…

ByUjjwal Maheshwari2 days ago

Why TSMC (NYSE:TSM) Stock Fell Despite a 77% Profit Surge

TSMC (NYSE:TSM) just delivered one of its best quarters ever, and the stock fell anyway. Profit surged 77%, and revenue climbed 36%, both ahead of forecasts, yet shares dropped around 2% on the day after falling more than 3% at the open. For investors, the puzzle is obvious: if the numbers were this good, why…

ByUjjwal Maheshwari3 days ago

TSMC Earnings Smash Expectations as AI Boom Drives Record 77% Profit Surge

Taiwan Semiconductor Manufacturing Company, better known as TSMC (NYSE: TSM), has delivered another record quarter as technology companies continue spending heavily on artificial intelligence infrastructure. For the three months ending 30 June 2026, TSMC reported revenue of NT$1.27 trillion, up 36% from the same period last year. Net profit climbed 77.4% to NT$706.56 billion.…

ByUjjwal Maheshwari3 days ago

Why Memory Stocks Are Crashing Today: SK Hynix, Micron and SanDisk Reverse

Memory stocks are crashing today, and the speed of the reversal is striking. On Tuesday, these were the hottest names on the market. On Wednesday, they are among the worst. SK Hynix (NASDAQ:SKHY) fell about 10%, SanDisk (NASDAQ:SNDK) dropped 10%, Western Digital (NASDAQ:WDC) lost about 9% and Micron (NASDAQ:MU) slid 8%. The good news for…

ByUjjwal Maheshwari4 days ago

PayPal Gets a US$53 Billion Takeover Bid: Why Stripe Wants It, and Whether It Happens

PayPal (NASDAQ:PYPL), the company that helped invent online payments, has received a takeover offer worth more than US$53 billion. The bidders are Stripe, a fast-growing private payments company, and Advent International, a large private equity firm. Together they have offered US$60.50 a share, news that sent PayPal shares up about 17%. The number that tells…

ByUjjwal Maheshwari4 days ago

Is the AI Boom Killing Traditional Software Stocks?

Something unusual happened on Tuesday. The wider market was rising, cheered by cooling inflation. Yet software stocks were being hammered. The trigger was IBM (NYSE:IBM), which crashed about 25%, to US$216.88, a steeper one-day fall than it suffered in the 1987 Black Monday crash. Trading volume hit almost six times normal levels. And it did not…

ByUjjwal Maheshwari5 days ago

Why Goldman Sachs (NYSE:GS) Stock Is Surging 8%: The AI Boom Is Now Paying Wall Street

Goldman Sachs (NYSE:GS) stock is surging because the bank did not just beat expectations. It blew past them. Profit came in at US$20.98 a share when analysts had asked for US$14.48. Revenue jumped 39%. And when CEO David Solomon explained where the money came from, he pointed at something familiar to anyone following markets this…

ByUjjwal Maheshwari5 days ago

US Inflation Falls to 3.5%: Why the Fed Still Might Raise Rates

US inflation fell to 3.5% in June, and on the face of it, that is very good news. Only a day ago, bond traders were betting the Federal Reserve would raise interest rates at its meeting on 28 and 29 July. That fear has now faded. But there is a catch most of today's headlines…

ByUjjwal Maheshwari5 days ago

Why IBM (NYSE:IBM) Stock Crashed 25%: The AI Memory Shortage Just Ate Its Software Business

Update, 14 July, market close: IBM finished the session at US$217.07, down 25.24%, its worst single-day fall on record. Around US$69 billion of market value was wiped out, and the stock closed within US$5 of its 52-week low. IBM (NYSE:IBM) stock is crashing because of something almost nobody saw coming. The AI memory shortage has…

ByUjjwal MaheshwariJuly 14, 2026

Oil tankers in the Strait of Hormuz after Trump's 20% cargo toll, July 2026

Oil Surges on Trump’s Hormuz Toll: Which US Stocks Win or Lose?

Oil prices jumped hard on Monday after President Trump announced two things. First, the US will reimpose a naval blockade, but only on Iranian ships and their customers. Everyone else, he said, keeps "fair and open use" of the Strait of Hormuz. Second, and far more surprisingly, those other countries must pay a 20% fee…

ByUjjwal MaheshwariJuly 14, 2026