Nvidia Supplier SK Hynix Dips as Goldman Sees Competition Rising
The stock slid as much as 8.8%, the most since April 7, after analysts led by Giuni Lee lowered their rating to neutral from buy. Meanwhile, shares of larger rival Samsung Electronics Co. rose 2.3%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
44 minutes ago
- Bloomberg
Japan's Voters Head to Polls With Ishiba's Premiership at Stake
Japan's voters will deliver a verdict on Prime Minister Shigeru Ishiba's 10 months in office on Sunday, in an upper house election that takes place amid simmering discontent over inflation and unresolved negotiations with the US on tariffs. The ruling Liberal Democratic Party and its junior coalition partner Komeito are battling the opposition for 125 spots in the 248-member chamber. Ishiba is aiming to win 50 of those seats to retain an overall majority, a goal that would still mean the coalition losing as many as 16 seats.
Yahoo
an hour ago
- Yahoo
Microsoft says it will no longer use engineers in China for Department of Defense work
Following a Pro Publica report that Microsoft was using engineers in China to help maintain cloud computing systems for the U.S. Department of Defense, the company said it's made changes to ensure this will no longer happen. The existing system reportedly relied on 'digital escorts' to supervise the China-based engineers. But according to Pro Publica, those escorts — U.S. citizens with security clearances — sometimes lacked the technical expertise to properly monitor the engineers. In response to the report, Secretary of Defense Pete Hegseth wrote on X, 'Foreign engineers — from any country, including of course China — should NEVER be allowed to maintain or access DoD systems.' On Friday, Microsoft's chief communications officer Frank X. Shaw responded: 'In response to concerns raised earlier this week about US-supervised foreign engineers, Microsoft has made changes to our support for US Government customers to assure that no China-based engineering teams are providing technical assistance for DoD Government cloud and related services.'
TechCrunch
2 hours ago
- TechCrunch
Microsoft says it will no longer use engineers in China for Department of Defense work
Following a Pro Publica report that Microsoft was using engineers in China to help maintain Department of Defense cloud computing systems, the company said it's made changes to ensure this will no longer happen. The existing system reportedly relied on 'digital escorts' to supervise the China-based engineers. But according to Pro Publica, those escorts — U.S. citizens with security clearances — sometimes lacked the technical expertise to properly monitor the engineers. In response to the report, Secretary of Defense Pete Hegseth wrote on X, 'Foreign engineers — from any country, including of course China — should NEVER be allowed to maintain or access DoD systems.' On Friday, Microsoft's chief communications officer Frank X. Shaw responded: 'In response to concerns raised earlier this week about US-supervised foreign engineers, Microsoft has made changes to our support for US Government customers to assure that no China-based engineering teams are providing technical assistance for DoD Government cloud and related services.'
