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South Korea’s Kospi fell 6% as investors sold AI-related technology stocks after the index briefly crossed 8,000.
Alibaba’s profit dropped 84% as the company increased spending on AI infrastructure and quick-commerce expansion.
Alphabet plans its first yen bond issuance to help finance rising AI infrastructure and cloud computing investments.
HSBC raised its S&P 500 target as AI-driven earnings growth continues to strengthen major technology companies.
Ed Yardeni raised his S&P 500 target to 8,250 for 2026 and sees the index reaching 10,000 by 2029.
Samsung’s market capitalization surpassed $1.2 trillion as AI-driven semiconductor demand boosted investor sentiment.
Dell shares climb 19% after earnings beat and strong guidance anchored in AI server demand.
Nvidia launched its open Nemotron 3 AI model family and announced Super and Ultra versions coming in 2026, sending shares up 1.7%.