Chip and AI Stocks Drop After CEOs Urge Caution on Development Pace
AI leaders including Amodei, Altman and Musk call to pace the frontier. Chip, memory and networking stocks fall as investors weigh spending and IPOs.
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KLA Results Top Wall Street Forecasts, Yet Stock Falls on High Expectations
AI-driven demand lifts KLA to $3.66B Q4 revenue and $1.05 EPS beat.
China Starts Making Its Own Advanced Chip Tools, ASML Shares Drop
China begins producing its own immersion DUV lithography machines. A state-backed firm will deliver units to SMIC and other companies in 2026.
"We Either Build Terafab or We Don't Have the Chips": Musk's Massive Austin Fab to Deliver 1 Terawatt of Compute Yearly
Elon Musk announces Terafab, a $20-25B Tesla-SpaceX-xAI joint venture to build the world's largest chip fab in Austin, targeting 1 terawatt of AI compute yearly for robots, cars, and space.
Wells Fargo Upgrades Broadcom, KLA, Lam Research, and Analog Devices
Wells Fargo upgrades Broadcom, KLA Corp., Lam Research, and Analog Devices to Overweight, citing strong growth potential, supply-demand dynamics, and positive market momentum.
TSMC's $56 Billion Bet: Chip Giant Goes All-In on AI Future
TSMC announces massive $56B spending plan for 2026, signaling confidence in AI boom. Strong earnings and expansion plans boost tech sector optimism.