AMD reported Q2 revenue up 50% with data center sales more than doubling, but shares declined in extended trading after the company gave an AI growth outlook that disappointed investors expecting stronger returns from AI data center expansion.
Record fiscal 2027 budget of over 800 trillion won ($530.97 billion) proposed by Seoul, fueled by a 500 trillion won tax revenue estimate driven by record profits at SK Hynix and Samsung Electronics amid the global AI semiconductor boom.
Apple Inc. announced price increases across its Mac, iPad, and other product lines on Thursday, citing rising costs from an unprecedented shortage of memory and storage chips driven by AI demand. Apple shares fell 6% following the announcement.
According to analyst Ming-Chi Kuo, OpenAI is working with MediaTek and Qualcomm on custom smartphone processors, with Luxshare as exclusive partner for system design and manufacturing, with potential mass production in 2028.
