Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
GigaDevice Shifts 500 Million Yuan to DRAM R&D Center After Share Placement Revision
GigaDevice is reallocating 500 million yuan from its recent share placement to fund a DRAM R&D center at subsidiary Zhuhai Hengqin Xincun Se
SoftBank-Backed InMobi Taps JPMorgan, Jefferies for $1 Billion India IPO
InMobi, a SoftBank-backed ad tech company, is preparing a $1 billion IPO with JPMorgan and Jefferies as bookrunners. The firm is also shifti
China Tech Firms Raise $27.5 Billion in Hong Kong This Year, Led by AI and Chip Companies
Chinese tech companies have raised HK$214.39 billion (about $27.5 billion) in Hong Kong this year, according to a Reuters tally. AI, chip, a
China's CXMT Raises $8 Billion in Mega IPO on Shanghai's STAR Market
ChangXin Memory Technologies (CXMT) raised 57.9 billion yuan ($8 billion) in its Shanghai STAR Market IPO, with retail investors oversubscri
Morgan Stanley Warns Cybersecurity Stocks Overvalued After 25% Rally
Morgan Stanley says cybersecurity stocks have become too expensive after a sharp rally, favoring Palo Alto Networks and CrowdStrike over Qua
Amazon's B2B Unit Hits $60 Billion in Annualized Sales, Adding 1.8 Million Customers
Amazon Business, the company's B2B shopping platform, hit $60 billion in annualized sales in the second quarter after adding 1.8 million cus
Morgan Stanley Downgrades Workday on Slowing HCM Growth, Slow AI Payoff
Morgan Stanley downgraded Workday to underweight, warning that its core HR software growth is cooling while AI features remain in pilot prog
Morgan Stanley Downgrades Salesforce on Slow AI Growth Payoff
Morgan Stanley downgraded Salesforce to equal-weight and slashed its price target to $185 from $287. The bank says the company's Agentforce
Morgan Stanley Downgrades Wix on AI Cost Concerns, Slashes Price Target
Morgan Stanley downgraded Wix to equal-weight and cut its price target to $60 from $112, pointing to heavy costs from its AI 'vibe-coding' p
Morgan Stanley Downgrades BlackLine on Slow AI Adoption, Cuts Price Target to $33
Morgan Stanley downgraded accounting-software firm BlackLine to equal-weight and slashed its price target to $33, warning that cautious cust
UK Robotics Startup Humanoid Raises $152M, Hits $1.35B Valuation in Physical AI Push
UK robotics startup Humanoid raised $152 million in Series A funding, valuing it at $1.35 billion. The company plans beta deployments in Q4
Chip Stocks Surge as TSMC Considers Up to 10% Price Hike Starting in 2027
Semiconductor stocks outpaced the broader tech sector in premarket trading Tuesday after a report that TSMC, the world's largest contract ch