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Nvidia deepens South Korea ties through new AI partnerships (NVDA)
Nvidia (NASDAQ:NVDA) unveiled a series of strategic agreements with some of South Korea’s largest technology groups on Monday, strengthening its position in the artificial intelligence ecosystem while securing key relationships across memory chips, cloud infrastructure and robotics. The partnerships were announced during a visit to South Korea by Chief Executive Jensen Huang, who arrived in…
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Oil surges as Israeli strikes on Iran and Lebanon reignite supply concerns
Oil prices rallied sharply on Monday, climbing more than $4 a barrel as renewed military action involving Israel, Iran and Lebanon heightened fears over energy supply disruptions and cast doubt on hopes for a near-term resolution to the conflict. Brent crude futures advanced $4.42, or 4.47%, to $97.15 a barrel by 0609 GMT, while U.S.…
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Gold slides to 11-week low as Fed rate expectations and oil rally pressure bullion
Gold prices fell further on Monday, touching their lowest level in nearly three months as stronger U.S. economic data reinforced expectations that the Federal Reserve could keep interest rates elevated for longer, while rising oil prices added to inflation concerns. Spot gold declined 0.8% to $4,296.08 an ounce by 02:49 ET (06:49 GMT), marking its…
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Middle East tensions, AI concerns and Apple’s developer event dominate market attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded mixed on Monday as investors weighed renewed military exchanges between Iran and Israel alongside growing doubts over the sustainability of the artificial intelligence-driven market rally. Attention is also turning to Apple’s (NASDAQ:AAPL) annual Worldwide Developers Conference, where artificial intelligence initiatives are expected to take centre stage. Futures mixed after Wall Street…
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Barclays Sees Growing Risk of Pause in AI-Led Technology Stock Surge
Barclays strategists are cautioning that the powerful rally driven by artificial intelligence themes in semiconductor and technology stocks may be approaching a period of consolidation. They point to increasingly crowded investor positioning, a growing pipeline of equity issuance and a packed schedule of economic events as factors that could challenge further gains. The MSCI World…
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Smartphone Industry Braces for Record Annual Decline as Memory Chip Shortages Deepen
The global smartphone market is on track for its largest yearly decline ever recorded, with device shipments expected to fall 13.9% in 2026 to approximately 1.08 billion units, according to new projections released by Counterpoint Research. The latest forecast represents a deterioration from the firm’s February estimate, which had anticipated a 12.4% annual decline. Analysts…
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Standard Chartered CIO Warns Mega AI IPO Wave Could Create Near-Term Market Headwinds
The planned stock market debuts of Anthropic, OpenAI and SpaceX (NASDAQ:SPCX) could create short-term pressure on financial markets as investors absorb a large volume of new equity offerings, according to Steve Brice, Global Chief Investment Officer for Wealth Solutions at Standard Chartered. Speaking on CNBC’s “Access Middle East” on Tuesday, Brice said the scale of…
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UBS Flags Growing Concentration Risk in Technology Stocks as Markets Reach Records
UBS advised clients on Monday to take advantage of the recent rally in equities to rebalance their portfolios, arguing that the exceptional performance of a handful of large U.S. technology companies has increased concentration risk and could leave investors exposed if market leadership broadens. The S&P 500 reached another all-time high on Friday, pushing its…
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Citi Maintains Bullish Oil Outlook as Progress in U.S.-Iran Talks Remains Elusive
Brent crude has recovered from recent lows near $91 per barrel after expectations for a swift agreement between the United States and Iran weakened, leading Citi analysts to reaffirm their constructive near-term view on oil prices amid concerns over tightening global inventories. The latest rebound comes against a backdrop of ongoing tensions in the Middle…
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Morgan Stanley Forecasts Massive Revenue Expansion for SpaceX by 2040
Morgan Stanley believes SpaceX (NASDAQ:SPCX) could generate as much as $3.4 trillion in annual revenue by 2040, according to a Wall Street Journal report published Friday that cited sources familiar with the bank’s projections. The investment bank expects artificial intelligence-related activities to become a major driver of growth for the aerospace and satellite company over…