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Enflame Plans $892 Million Shanghai IPO, Offering 43 Million Shares as China’s AI Chip Race Heats Up
China’s AI chip race is entering another busy phase as Enflame Technology targets a 6 billion yuan ($892 million) Shanghai IPO. The Tencent-backed chipmaker plans to issue 43.04 million new shares, with subscriptions set to open on September 2, 2026. Price consultations will start on August 28. The offering comes as Chinese AI chipmakers draw…
Xiaomi (HK: 1810) Launches In-House Xring O3 Chip and Partners with TSMC for Production
Xiaomi unveiled its Xring O3 chip on August 24, 2026, adding another in-house processor to its growing semiconductor effort. Sources familiar with the plans say TSMC will manufacture the chip using 3nm technology. The processor is expected to power Xiaomi’s next flagship foldable, with initial shipments estimated at 200,000 to 300,000 units. Developing its own…
Welspun Corp (WELCORP) Share Price Soars 16% to Record High After ₹17,200 Crore Mega Order
On August 21, 2026, Welspun Corp shares surged after the company won its largest-ever single order, valued at about $1.8 billion (₹17,200 crore). The contract covers pipe supplies from its US manufacturing facility and sent the stock to a record high. The deal also pushed Welspun Corp’s global order book to around $4.4 billion, giving…
Samsung Electronics Eyes $72 Billion Shareholder Return Package Amid AI Boom
Samsung Electronics is weighing a massive shareholder return package worth more than 100 trillion won ($72 billion) as strong AI chip demand drives record profits. On August 21, 2026, the South Korean tech giant is set to discuss the plan at a board meeting. The package could include a special dividend, share buybacks, and cancellations….
AMD Shares Down 0.43% Despite Bullish $650 Price Target From Roth MKM
AMD shares traded down 0.43% to $464.43 in early Thursday trading on August 20, 2026, even after Roth MKM reiterated a bullish call. The stock later reversed course, closing the session up 0.65% at $469.46. Analyst Suji Desilva maintained a Buy rating and $650 price target on the chipmaker. That target implies roughly $302 billion…
AI Investment Gets Boost as South Korea Plans New Fund From Chip Boom
South Korea is looking to turn its semiconductor boom into a new source of AI investments. On August 21, 2026, the government announced plans for a Future Response Fund that would use excess tax revenue from the chip industry to support AI and other future technologies. Local media estimates put the potential size of the…
NVDA Stock: Nvidia Earnings Preview as Wall Street Eyes ~$92B Revenue
NVDA stock heads into its most important catalyst of the quarter on August 26, 2026. Nvidia reports Q2 FY27 earnings after market close, covering the period ending July 27. FactSet and LSEG consensus places revenue between $91.85 billion and $92.10 billion, just above management’s own guidance of $91.0 billion, plus or minus 2%. That midpoint…
Tech Stocks to Watch: Alphabet Lifts 2026 Capex Forecast to $195B-205B
Alphabet is spending more to keep up with demand for artificial intelligence. On July 22, 2026, the Google parent raised its 2026 capital expenditure forecast to $195 billion-$205 billion, up from $180 billion-$190 billion. The increase comes as Google Cloud revenue jumped 82% to $24.8 billion in the second quarter. As AI demand drives higher…
SK Hynix Stock Gains 0.35% as Company Plans to Pay 60% of Bonuses in Shares
SK Hynix is changing the way it rewards employees as the AI chip boom lifts earnings. On August 20, 2026, the South Korean memory-chip maker reached a tentative wage deal under which 60% of 2026 performance bonuses will be paid in company shares, with the remaining 40% paid in cash. Employee payouts are expected to…