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Europe Stocks Climb to Record Highs on Chip Boost and Fed Rate Cut Hopes

European equity markets soared on Thursday as a strong rally in semiconductor and technology stocks, along with renewed optimism about possible U.S. Federal Reserve rate cuts, pushed indices to new highs. The pan-European STOXX 600 rose about 0.7 % to 568.7 points, marking an intraday record. Germany’s DAX led the gains, climbing around 1.3 %. […]

AI Chip Boom Propels SK Hynix to Stunning $2.5B Quarterly Profit

The South Korean memory chip leader smashed expectations with a 326% operating profit surge to 3.42 trillion won ($2.5 billion) in Q1, trouncing the 2.8 trillion won Wall Street forecast. The stellar performance was driven by unprecedented demand for high-bandwidth memory (HBM) chips used in artificial intelligence servers, which now account for 38% of total […]