Keywords: Technology sector


AI boom boosts tech giants' profits by more than $160 billion

The rapid expansion of artificial intelligence is generating gains for the world's largest technology companies far beyond direct sales of chips, software and cloud services. Rising valuations of AI-related investments have also become a significant contributor to their financial results. During......

South Korea: Bank of Korea Raises Growth Forecast to 3.3% for 2026

The South Korean economy is expected to experience stronger growth than previously anticipated in 2026. The Bank of Korea (BOK) raised its forecast for gross domestic product growth to 3.3%, up from 2.6% projected last May. This revision of 0.7 percentage points primarily reflects the strength of semiconductor......

ECB warns that AI stock boom could end in painful market correction

The European Central Bank has warned that the rapid rise in US technology stocks linked to artificial intelligence could leave financial markets vulnerable to a sharp correction if investors' expectations become disconnected from companies' actual performance. In a recent report, the ECB said......

Nasdaq futures rise as AI optimism lifts markets ahead of earnings and economic data

Nasdaq futures moved higher on Tuesday as renewed optimism around artificial intelligence demand boosted investor confidence ahead of a busy session focused on corporate earnings, economic indicators and global developments. Technology stocks received support after stronger-than-expected outlooks from......

Apple shares fall as supply constraints raise concerns over growth and iPhone demand

Apple shares fell sharply in premarket trading on Friday after the company warned that ongoing supply constraints are expected to weigh on future growth, prompting investors to reassess both production prospects and consumer demand for upcoming iPhone models. The stock dropped 7.3% before the opening......

Cognizant lowers revenue outlook as cautious IT spending weighs on growth

Cognizant Technology Solutions has issued a cautious revenue forecast for the coming quarter, signaling continued pressure on corporate technology spending as businesses remain selective about new investments. The IT services provider said Wednesday that third-quarter revenue is expected to fall between......

Apple reclaims the world’s most valuable company title as Nvidia shares slide

Apple has once again become the world’s most valuable publicly traded company, overtaking Nvidia after a sharp decline in the chipmaker’s market value. The shift highlights changing investor sentiment toward artificial intelligence spending and the long-term prospects of the technology sector. Apple’s......

DeepSeek reportedly pauses second funding round as investors await further developments

Chinese artificial intelligence startup DeepSeek has reportedly informed potential investors that it is putting its second fundraising round on hold, according to a report by Bloomberg News citing people familiar with the matter. The company’s decision to suspend the planned investment process......

Amazon cuts jobs in AI division as it reshapes investment priorities

Amazon is restructuring parts of its artificial intelligence operations, reducing staff within its artificial general intelligence division as the technology sector becomes increasingly competitive and companies reassess how they allocate resources. The company said the workforce changes are part of......