Key highlights: CXMT jumped over 500% on its first day of trading in Shanghai. Nomura set a 116 yuan ($17.14) price target, implying a potential 1,239% gain. China’s push for chip independence is expected to drive future growth for the stock. Chinese memory chipmaker Changxin Technology Group made a stunning debut on Shanghai’s STAR Market. […]
Tag: AI
Key highlights: Ark Invest made fresh Tesla stock purchases across its four ETFs. This came right after TSLA dropped by 14% amid its disappointing quarterly earnings. Elon Musk said recently that a Tesla-SpaceX merger is possible in the future. Ark Invest has shown confidence in another Elon Musk company, but this time not SpaceX. The […]
Key highlights: Coinbase wants to grow its staff in Singapore to 200 by the end of the year. The cryptocurrency exchange unveiled a swanky office in Singapore as it eyes expansion into Southeast Asia. In May, Coinbase laid off 700 employees to focus on AI productivity gains. Coinbase has unveiled plans to bolster its staff […]