By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Asian chip stocks slide as AI funding doubts and China competition weigh
Asian chip stocks tumbled Tuesday, led by South Korea's Samsung and SK Hynix, as investors questioned the sustainability of AI infrastructur
Asia chip stocks plunge as AI funding fears and Fed hike odds rattle markets
Asia's chip-heavy markets tumbled Tuesday, with South Korea's KOSPI triggering a circuit breaker after an 8% drop. Traders are worried about
South Korea mulls retail cap on single-stock leveraged ETFs after chip rout
South Korea's top financial regulator is considering a cap on how much retail investors can put into single-stock leveraged ETFs. The move f
DFZQ to acquire Shanghai Securities in 25.1 billion yuan stock-and-cash deal
DFZQ has agreed to acquire Shanghai Securities for 25.1 billion yuan, paying primarily with newly issued A-shares. The deal would lift DFZQ'
Zhongji Innolight prices Hong Kong IPO at HK$980, raising $6.8 billion
Zhongji Innolight, a Chinese maker of optical transceivers used in AI data centers, priced its Hong Kong IPO at HK$980 per share, raising HK
Iluka's mineral sands sales surge despite sharp production drop
Iluka Resources sold 157,000 tonnes of mineral sands in the June quarter, far outpacing production of just 58,000 tonnes. The company now wa
Nucor beats Q2 estimates on strong steel volumes and firm pricing
Nucor topped Wall Street's second-quarter expectations with adjusted earnings of $4.84 per share on $10.4 billion in revenue. Strong steel p
Welltower lifts 2026 outlook again as senior housing occupancy climbs
Welltower raised its 2026 outlook for the second time, now expecting FFO of $6.36-$6.44 per share. The healthcare REIT also boosted its quar
Applied Digital's AI Data Centers Drive 407% Revenue Surge
Applied Digital's revenue soared 407% to $258.7 million, beating analyst estimates by a wide margin. The growth came from long-term colocati
TSX Hits Record Close as Tech Surge Overpowers Energy Slide
The S&P/TSX Composite closed at a record 35,568.14, up 0.6%, driven by a tech sector surge. Shopify led the charge with an 11.6% gain, while
Nvidia may back OpenAI's $500 billion Ohio data center lease
OpenAI wants to lease a $500 billion data center in Ohio, but its credit is weak. Nvidia, with strong finances, may back the deal. This high
Biotech and AI stocks tumble: MapLight, AiRWA, and Nvidia all fall
MapLight Therapeutics plunged 68% after its schizophrenia trial showed mixed results, while AiRWA dropped 74% on a $50 million acquisition d