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The post Equities: Tech and chips drive relief rally – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank strategists say a strong semiconductor rally and lower oil prices helped lift global equities. The S&P 500 rebounded as investors rotated from defensive sectors into growth and cyclical stocks, while gains in Micron and SK Hynix reinforced confidence in the AI investment cycle. Chip strength underpins equity rebound “Whilst lower oil prices helped sentiment, markets got another boost yesterday from the latest tech headlines, which saw the Philly semiconductor index (+3.06%) post its best daily performance in 3 weeks. That included a very strong gain for Micron (+4.52%), who raised their planned spending on new US plants to $250bn by 2035, which was $50bn on top of previously announced commitments. The rally also saw the SK Hynix ADR officially became the largest foreign company offering as the South Korean chipmaker raised $26.5bn – greater than expected and just ahea
Read full articleSK Hynix's valuation surge underscores the transformative impact of AI on global tech markets, highlighting the strategic importance of memory innovation. The post SK Hynix rises to $1T valuation after two decades of growth, fueled by AI chip demand appeared first on Crypto Briefing.
Exclusive: Senator Ed Markey on why he has proposed legislation aimed at curbing datacenters, automated hiring systems and harm to children US senator Ed Markey is worried about the perils of unregulated artificial intelligence. What part? All of it: the costs associated with thirsty, energy-guzzling datacenters, intrusive workplace surveillance, bias in discriminatory algorithms, AI overriding workers’ judgments, and deepening economic inequality – as those who profit most from AI rake in extraordinary windfalls. Continue reading...
The post US Dollar: AI-driven imports reshape trade – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Volkmar Baur says AI-related capital-goods imports are structurally widening the US trade deficit. Strong foreign demand currently helps finance the gap, but weaker confidence in the United States (US) AI (Artificial intelligence) investment story could create risks for the Dollar. AI imports and trade deficit risks “For now, it seems safe to say that a much sharper rise – or at least a significantly higher level – in the oil price would be needed to move the fx markets significantly.” “After the tariffs caused significant volatility in US foreign trade data in recent months, the underlying trend has become apparent again. And this trend continues to point toward a rising foreign trade deficit. Even the currently very high exports of crude oil and petroleum products (+93% yoy in USD) cannot prevent this.” “However, the rise in oil exports points to an important developme
The intelligence sharing and military tensions could lead to sustained higher oil prices, complicating global economic conditions and impacting crypto. The post Israel shares intelligence with US on alleged Iranian plot to kill Trump, rattling crypto markets appeared first on Crypto Briefing.
The post Bitcoin Surges Past $64K as Tech Stocks and Crypto Markets Rally Together appeared on BitcoinEthereumNews.com. Key Highlights Bitcoin surged 3.5% to approach $64,000, closing the week with a 4.2% gain Major altcoins including Ether, XRP, Dogecoin, and Solana saw positive Friday sessions The Nasdaq outperformed with a 1.3% increase, while the S&P 500 advanced 0.8% Memory chip manufacturers like Micron and Sandisk dominated S&P 500 gains Dollar depreciation combined with robust AI semiconductor demand fuels coordinated crypto and stock market advances The leading cryptocurrency bounced back toward the $64,000 threshold on Friday, shaking off mid-week declines triggered by escalating geopolitical concerns. This resurgence coincided with substantial rallies across Asian trading floors and continued weakness in the U.S. dollar. Bitcoin (BTC) Price Digital gold experienced a 3.5% upward movement after temporarily sliding to approximately $61,850 in response to President Trump’s stat
CXMT's rise could disrupt global DRAM dynamics, intensifying competition, impacting pricing, and reshaping AI and tech infrastructure costs. The post China’s CXMT is building a full supply chain to take on the world’s biggest memory chip makers appeared first on Crypto Briefing.
SoftBank's strategic shift towards AI over blockchain signals a broader trend in institutional investment priorities, impacting capital flows. The post SoftBank appoints Mark Agne to oversee finance and technology at Vision Fund appeared first on Crypto Briefing.
The post Silver Price Forecast: XAG/USD rises as oil prices correct, US Dollar faces pressure appeared on BitcoinEthereumNews.com. Silver price (XAG/USD) trades 0.4% higher to near $60.22 during the European trading session on Friday. The white metal gains as the US Dollar (USD) continues to remain under pressure amid hopes that the restart of the war between the United States (US) and Iran won’t long last. At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.17% lower to near 100.76. The DXY fell further during the day to near its three-week low at around 100.60. Technically, a lower US Dollar makes the Silver price a favorable risk-reward bet for investors. Earlier in the day, a US official confirmed that technical talks with Iran remained continued, despite President Donald Trump declaring that the memorandum of understanding (MoU) with Tehran is over. Late Wednesday, US President Trump said that he had a conversation wi
