Markets

Kospi Sinks 5.5% as China's CXMT Puts Korea's Memory Giants on Notice

SK hynix fell 10% and Samsung more than 7% after China's biggest DRAM maker said it will ship next-generation server memory by year-end, years ahead of rival roadmaps.

Broadcom's Hock Tan says many AI investors act like they're in a casino

Broadcom's Hock Tan said many AI investors "have no clue what they are investing in," likening them to casino gamblers, Bloomberg reported. He still sees demand outrunning supply.

OpenAI's run rate nears $50 billion, and the $70 billion figure was investors' math

OpenAI told investors its run rate was nearing $50 billion, per the FT. The $70 billion figure was an investor-built comparison using Anthropic's gross accounting.

Musk says Tesla and SpaceX, not TSMC, will build and run Terafab.

Elon Musk says Tesla and SpaceX will build and run Terafab, leaving TSMC at most a sublease. Intel's CEO says Intel stays involved; TSMC hasn't commented.

Schneider Electric to buy PTC for $22.6B in all-cash deal

French energy-tech giant offers $205 a share for Boston industrial software firm; close eyed for Q3 2027 amid antitrust review.

Banks line up about $60 billion of unannounced Broadcom AI-chip financing

People familiar say a $42 billion Class A senior slice and an $18 billion Class B junior slice led by Blackstone are being readied for Anthropic and other customers; Broadcom declined to comment.

Amazon seeks to shift $8B of Nvidia chips to investors, FT says.

Accenture Q4 FY26 beats guidance as AI services demand lifts results, stock

Revenue of $18.68 billion topped the company’s $17.75–$18.40 billion guide; AI client and partner traction featured on the call as shares jumped, per CNBC.

Micron posts record Q4, raises guide as SCAs lock supply; sees memory tight through 2028

Boise memory maker books $54.2B quarter and guides $61.5B; 26 take-or-pay deals and $32B customer deposits underpin a tighter calendar 2027–28 outlook.

Wall Street pushes back on Nvidia’s chip-as-collateral plan to mobilize $500 billion for AI.

Lenders want stronger guarantees and shorter depreciation assumptions than Nvidia’s optional 25% residual support — exposing financing friction as a bottleneck for AI capex.

SoftBank completes final $10B OpenAI tranche; AI stake fully funded

SoftBank Group said it executed the third and last $10 billion Vision Fund 2 installment on Oct. 1 Japan time, finishing a $30 billion follow-on and lifting its cumulative OpenAI investment to $64.6 billion — about 13%. The check was funded with foreign-currency senior notes, not bridge debt.

BofA says Apple can keep every iPhone and still lose checkout rails

Analyst Wamsi Mohan flags Meta’s Muse as a live case that agents can take App Store discovery, referral, and transaction initiation — while Apple keeps the handset. He kept a Buy and $370 target.

Memory prices keep climbing into 4Q26 as AI servers crowd out PCs and phones

TrendForce sees conventional DRAM contracts up 10–15% and NAND up 15–20% QoQ; enterprise SSDs lead. Spot is quieter. Micron says supply gets tighter still in 2027–28.

NVIDIA authorizes an extra $150 billion in share buybacks, lifting remaining capacity to $235 billion

Board expands the repurchase program and says it expects to run the remaining authorization through fiscal 2028 — a cash-return signal from the AI infrastructure cash engine, separate from Monday’s agent-safety product launch.

SK Hynix’s Solidigm weighs a U.S. IPO after a bank bake-off, with sources citing up to $150 billion

Reuters reports the NAND and enterprise-SSD subsidiary held pitch meetings with banks for a possible listing as early as next year that could raise about $15 billion. The $150 billion figure is source-reported valuation context—not a priced IPO.

Anthropic shifts planned IPO to November, later than investors expected, WSJ reports

Advisers say waiting could showcase third-quarter results after OpenAI’s Astra launch; Reuters sources say the listing could slip past U.S. midterms.

SoftBank plans about $11B in bonds as a $10B OpenAI installment nears

Nikkei Asia reported a dollar-and-euro sale due at month’s end with a BB+ rating, as SoftBank’s third $10 billion OpenAI tranche is scheduled for Oct. 1.

Bond buyers grow selective as AI and hyperscaler debt widens credit spreads

J.P. Morgan says the widening has stayed in hyperscaler names so far, while Apollo’s Torsten Slok sees a repricing of cash flow and payback.

SEC grants five-year Innovation Exemption for trading tokenized NMS stocks

Conditional relief lets Tokenized Securities Venues use permissioned AMM pools if tokens carry real equity rights—and bars synthetic lookalikes.

China slows humanoid robot IPO rush after Unitree’s volatile debut, Reuters reports

Regulators are using informal guidance to cool listings as they weigh valuations and state-linked revenue against commercial demand; sources differ on whether deals are frozen or merely slowed.

Nscale files for NYSE IPO under ticker NSCL

The AI cloud and data-center builder tapped Goldman Sachs, J.P. Morgan and Morgan Stanley as lead bookrunners; share count and price are still blank.

Nvidia said to weigh up to $10B Anthropic IPO stake

Anonymous Reuters sources say the chipmaker could anchor a listing near a $2 trillion valuation — talks remain fluid, and both companies declined or did not respond to comment.

Oracle’s $664B AI cloud backlog is booked demand that still needs financing to deliver

RPO conversion timing, customer prepayments and bring-your-own-hardware deals shape Oracle’s capex, debt and cash needs as it competes with AWS, Azure and Google.

Enflame closes 179% higher on Shanghai STAR Market AI-chip debut

The Tencent-backed chip designer raised about 6.12 billion yuan on China’s tech board after pricing shares at 142.18 yuan.

Warsh says inflation still isn't getting better

He would not lock in a September move. After Jackson Hole, CME FedWatch showed a higher chance of a hike.