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Tech stocks boosted by Micron but Treasury rout hangs over markets

Tech stocks boosted by Micron but Treasury rout hangs over markets

By Ankur Banerjee SINGAPORE, Oct 1 (Reuters) - Asian technology stocks rose on Thursday boosted by blockbuster earnings from AI chipmaker Micron, although US bonds struggled after their sharpest quarterly selloff in more than three decades as inflation risks from elevated energy prices linger.
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South Korea's monthly exports top $120 billion for the first time on record chip sales

South Korea's monthly exports top $120 billion for the first time on record chip sales

By Cynthia Kim SEOUL, Oct 1 (Reuters) - South Korea's exports jumped 83.5% in September from a year earlier to a record $120.9 billion, government data showed on Thursday, as semiconductor shipments more than tripled on global spending on artificial intelligence.
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Micron's AI-fueled revenue forecast blows past estimates, backlog swells

Micron's AI-fueled revenue forecast blows past estimates, backlog swells

By Anhata Rooprai Sept 30 (Reuters) - Micron Technology forecast quarterly revenue above estimates on Wednesday and said customers had increased commitments under its long-term supply agreements to $32 billion, signaling unabated demand for AI memory chips.
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Wall St climbs as cooling inflation tempers Fed rate-hike concerns

Wall St climbs as cooling inflation tempers Fed rate-hike concerns

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 30 (Reuters) - Wall Street's main indexes gained on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.
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S&P 500, Nasdaq advance as soft inflation tempers Fed rate-hike bets

S&P 500, Nasdaq advance as soft inflation tempers Fed rate-hike bets

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 30 (Reuters) - The Nasdaq jumped more than 1% on Wednesday, leading gains among Wall Street's main indexes, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.
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US stock futures inch up as yields ease, inflation report looms

US stock futures inch up as yields ease, inflation report looms

Sept 30 (Reuters) - US stock index futures were slightly higher on Wednesday as bond yields eased and some megacap and growth stocks ticked up heading into a crucial inflation report that could help shape market expectations about the Federal Reserve's rate path.
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Micron forecasts quarterly revenue, profit above estimates on AI memory demand

Micron forecasts quarterly revenue, profit above estimates on AI memory demand

By Anhata Rooprai Sept 30 (Reuters) - Micron Technology forecast quarterly revenue above estimates on Wednesday, signaling it expects the AI-driven memory chip boom to continue powering its growth. Shares of the Boise, Idaho-based company rose over 1% in extended trading.
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Nvidia Board Authorizes $150 Billion Increase to Share Buyback Program

Nvidia Board Authorizes $150 Billion Increase to Share Buyback Program

Nvidia Board Authorizes $150 Billion Increase to Share Buyback Program
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Baird's strong agentic AI call on Micron is spot on

Baird's strong agentic AI call on Micron is spot on

One analyst argues that the next leg of the AI trade runs through a corner of the chip market many overlook.
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Republican committee chair calls for scrutiny of Seoul's China ties

Republican committee chair calls for scrutiny of Seoul's China ties

By David Brunnstrom and Alexandra Alper WASHINGTON, Sept 30 (Reuters) - The Republican chair of the congressional committee focused on China is calling on the Trump administration to scrutinize US ally South Korea's warming ties with China, which he said pose "significant risks" to the United States
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BMW bets on cuts, new models and AI to revive its fortunes

BMW bets on cuts, new models and AI to revive its fortunes

By Christina Amann and Rachel More MUNICH, Sept 30 (Reuters) - BMW set out a restructuring plan on Wednesday centred on AI, management cuts and two new model launches as the German luxury automaker seeks to restore investor confidence after a string of profit warnings and a deep slump in its share
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Factbox-Key points of BMW's strategy update

Factbox-Key points of BMW's strategy update

FRANKFURT, Sept 30 (Reuters) - BMW is holding a two-day capital markets event to brief investors about the premium carmaker's strategy, the first for new CEO Milan Nedeljkovic, who took over in May.