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Business

AI Stock Rout Wipes Trillions as Asia Markets Tumble

Nasdaq's deepest drop since April 2025 spreads to chipmakers across Asia

The Nasdaq fell 5.5% and Asia's tech markets tumbled as investors feared tighter AI and data-center regulation after US midterms.

#Stock market #AI #Nasdaq

Entro Nov 06, 2026 · 2 min

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Business

Nvidia Eyes Arm's Rene Haas as Staff and Musk Push for Huang's Return

The board says it hasn't formally engaged any candidates, but an FT report puts a former Nvidia insider in the frame as Arm and Nvidia shares slide

Nvidia's board has reportedly approached Arm CEO Rene Haas to succeed Jensen Huang, while employees and Elon Musk back a push to r...

#Nvidia #Arm Holdings #Rene Haas

Entro · 6 min

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Business

Jensen Huang Quits Nvidia: CFO Colette Kress Takes the Wheel as the AI Giant Faces Its Biggest Test

Nvidia's co-founder resigned as CEO and director effective immediately, the board named its first-ever chair, and shares plunged before recovering to close more than 4% lower

Jensen Huang has resigned as Nvidia CEO after a week of scandal. CFO Colette Kress is interim CEO, Harvey Jones becomes chair, and...

#Nvidia #Jensen Huang #Colette Kress

Entro · 5 min

Empty executive chair under a spotlight at the head of a dark boardroom table, with a glowing green microchip and a falling red stock line

Business

Nvidia's Board Moves on Jensen Huang: Shares Sink as Directors Weigh Ousting the AI King

Days after backing its founder, Nvidia's board met to decide Huang's future after a second affair report, wiping hundreds of billions off the chipmaker's value

Nvidia's board met late Wednesday to decide whether to oust CEO Jensen Huang after reports of a second affair, sending shares down...

#Nvidia #Jensen Huang #Corporate Governance

Entro · 6 min

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Technology

Nvidia's Board Weighs Ousting Jensen Huang After Second Affair Report

Directors met late Wednesday as shares sank more than 8% after hours, with CFO Colette Kress reportedly favoured by some as interim CEO

Nvidia's board met to decide whether to remove CEO Jensen Huang after a report of a second affair, this time with a direct report....

#Nvidia #Jensen Huang #AI Chips

Entro · 6 min

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Business

CoreWeave Calms AI Bubble Fears: Revenue Soars 168%, Profit Promised by 2028

The Nvidia-backed AI cloud raised its forecasts, pledged no new parent-level unsecured debt at current yields and saw its battered shares jump more than 13% premarket

CoreWeave's Q3 revenue jumped 168% to $3.66 billion, it raised 2026 guidance and targeted adjusted profit in the first half of 202...

#CoreWeave #AI Infrastructure #Earnings

Entro · 5 min

A glowing AI processor chip with circuit traces rising above a night-time harbour skyline, with an upward trend line

Business

Alibaba Readies Hong Kong IPO for T-Head, Its Homegrown AI Chip Unit

The Hong Kong exchange has cleared Alibaba to spin off its chip designer, which filed confidentially in September. Reports put the deal at $2 billion to $3 billion.

Alibaba has the Hong Kong exchange's go-ahead to spin off and list T-Head, the maker of its Zhenwu AI chips. The size and timing o...

#Alibaba #T-Head #IPO

Entro · 6 min

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Business

Anthropic Launches $64 Billion IPO Roadshow, Eyeing a Valuation of Up to $1.4 Trillion

The Claude maker is marketing 825 million shares at $70-$78 on Nasdaq under 'ANT', plus a $26 billion private placement with Big Tech

Anthropic set a $70-$78 price range for 825 million shares, aiming to raise up to $64.35 billion on Nasdaq, alongside a $26 billio...

#Anthropic #IPO #Nasdaq

Entro · 5 min

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Business

Wall Street Roars Back as Oil Plunges on Trump's Iran Signal, With CPI Up Next

The S&P 500 posted its best day since April and chip stocks soared as Brent sank to late-August lows; only Nvidia missed out

US stocks had their best day since April as Brent crude fell more than $7 after Trump downplayed new Iran strikes. Asia extended g...

#Stock Market #Oil Prices #Wall Street

Entro · 5 min

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Business

Nvidia Slides Nearly 5% as Huang Probe Puts a $250 Billion Question Over the AI Trade

Investors weigh key-person risk at the world's most valuable chipmaker even as Asian suppliers like TSMC rebound from last week's AI rout

Nvidia fell nearly 5% in premarket trading after its board opened a probe involving CEO Jensen Huang, threatening about $250 billi...

#Nvidia #Jensen Huang #Stock Market

Entro · 5 min

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Technology

Trump Softens on AI: 'I Don't Mind Guardrails' as Long as America Beats China

Weeks after calling AI fears a 'hoax,' the president told 60 Minutes he would work with Democrats on safeguards, but not at the cost of the US lead

Trump told CBS's 60 Minutes that AI risks can be managed and he doesn't mind guardrails, signaling openness to work with Democrats...

#Artificial Intelligence #AI Regulation #Donald Trump

Entro · 5 min

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Business

Fox Closes $22 Billion Takeover of Roku Months Ahead of Schedule

Anthony Wood joins the Fox board as the media company pledges to keep Roku an open streaming platform in more than 100 million homes

Fox has completed its $22 billion acquisition of Roku far earlier than the 2027 target, creating a combined streaming and TV busin...

#Fox #Roku #Streaming

Entro · 5 min

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Business

Chip Stocks Snap Back as Wall Street Digests the AI Selloff

Semiconductors led a Friday rebound after midterm jitters wiped out trillions in market value, even as weekly losses stuck.

Chip stocks rallied as the Nasdaq rose 1.1% on Friday, recovering from an AI regulation scare after Democratic midterm wins.

#Wall Street #Semiconductors #AI stocks

Entro · 2 min