The global race for AI hardware is triggering massive investment, with memory chip providers and foundries becoming the new titans of the tech economy.
ByteDance plans $70B in capex this year to dominate China's AI market, bolstered by a new chip deal with Qualcomm and strong domestic profits.
Dick's Sporting Goods missed quarterly earnings expectations as $96.5M in Foot Locker acquisition costs and revised full-year guidance weighed on shares.
Corporate bond yields reach 5.3% as risk premiums shrink, leaving investors with little compensation for credit risk in an increasingly tight market.
Rising tensions between US and Iranian forces near the Strait of Hormuz threaten to derail delicate peace negotiations and spike global oil prices.
