Oil reverses losses, rises after an Iran attack on cargo vessel
Oil prices turned around and rose Thursday, hitting their session highs in late-day trading after Iran attacked a vessel on the Strait of Hormuz.
CNBC Daily Open: Nvidia may still be tech’s king, but Micron just stole a scene
Micron overtakes Nvidia and Meta to be Wall Street’s new margin king
SK Hynix surges 12% after Micron earnings; blockbuster Nasdaq listing
Shares of South Korean chip giant SK Hynix surged 12% on Thursday after the company said it is seeking to raise as much as $29.4 billion.
Inside India newsletter: Meet the humans teaching robots to perform routine tasks, as India finds a way to enter the AI race
Several companies have cropped up in India providing video training data made by humans that is being used to teach robots in the U.S. and China.
Chip supply to stay constrained ‘beyond 2027,’ Micron executives say
Demand driven by artificial intelligence will keep conditions tight beyond calendar year 2027, said CEO Sanjay Mehrotra.
South Korea’s IPO bust clouds equity markets as Chaebol structure restrains listings
South Korea’s IPO activity has lagged that of its regional peers as the structure of the market and governance reforms collide.
S&P 500 futures rise as Micron surges after earnings; Wall Street awaits key inflation reading: Live updates
May’s personal consumption expenditures price index reading, the Fed’s preferred inflation gauge, comes out at 8:30 a.m. ET on Thursday.
Micron is tech’s new margin king as memory crisis pushes company past Nvidia and Meta
Micron said in its earnings report that its gross margin jumped to 84.9% from 39% a year ago.
Anthropic accuses Alibaba of campaign to ‘brazenly’ and ‘illicitly’ extract AI capabilities
The letter, which was obtained by CNBC, claims Alibaba carried out “the largest known distillation attack on Anthropic to date.”
Energy secretary says U.S. has ended Iran’s ability to close Strait of Hormuz
Some 72 ships loaded with 19 million barrels of oil have passed through Hormuz in the past 24 hours, Energy Secretary Chris Wright said.
