China’s artificial intelligence industry is seeing rapid adoption of its homegrown models, but the pace of monetisation remains well behind that of leading US developers, raising questions over whether lofty startup valuations can be justified by current revenues. US research firm Rhodium Group estimated that all major Chinese AI models combined generate only about 10%
UK inflation accelerated to 3.1% in August, moving further above the Bank of England’s target and exposing a widening gap between actual price pressures and the central bank’s assumptions just a day before its latest interest-rate decision. Consumer prices rose from 2.9% in July, matching economists’ expectations and reaching their highest annual rate since March.
Ethereum (ETH) declined nearly 4% toward $2,400 on Wednesday after the CLARITY Act failed to advance in the US Senate, triggering broad selling across the cryptocurrency market. Expectations that the Federal Reserve will raise interest rates at its next meeting have added to the pressure. However, declining exchange reserves, whale accumulation, and consecutive inflows into
Oil prices fell on Wednesday even as Saudi Arabia’s damaged East-West pipeline remained offline, highlighting a crucial distinction for traders: a threatened export route is not the same as four million barrels a day disappearing from the market. Brent crude slipped towards $108 a barrel and West Texas Intermediate traded around $105 after both benchmarks
Micron Technology has more than tripled this year, yet the stock looks cheaper than much of the US market compared with the broader market today. Shares have gained 224% in 2026, but Micron trades at roughly 6.3 times forward earnings ahead of its September 30 fiscal fourth-quarter results. The S&P 500 trades at 19 times
While investors assess whether a potential slowdown in artificial intelligence development could weaken demand for chips and data-centre infrastructure, Bank of America analyst Vivek Arya is taking a longer-term view, forecasting a sharp expansion in the semiconductor industry over the coming years. Arya expects the total addressable market for the semiconductor industry to reach $3.2
Top neocloud companies have dropped sharply this year, even as their revenue growth continues. CoreWeave, the pioneer of the industry, slipped to $87, down sharply from its all-time high of $186. This retreat has pushed its market capitalization from over $88 billion to $49 billion today. Nebius stock slipped to $224 from the year-to-date high
Wall Street’s main indexes opened lower on Monday as a selloff in major AI and semiconductor stocks added to pressure on US equities. The decline followed calls from senior artificial intelligence executives for a slower pace of AI development amid growing safety concerns. The Dow Jones Industrial Average declined 153 points. The S&P 500 fell
Former White House senior advisor Amos Hochstein has issued a stark warning on energy markets, calling current oil benchmarks “wrong and too low” despite WTI and Brent trading over $100. In an interview with CNBC this morning, the former diplomat – who is now with TWG Global as a Managing Partner – said paper market
Bitget is marking its eighth anniversary with a focus on expanding its Universal Exchange (UEX) strategy across crypto, traditional financial markets and institutional trading. The Seychelles-based crypto platform said non-crypto assets accounted for as much as 40% of its total trading volume over the past year. Trading in traditional finance perpetual contracts and contracts for