(Bloomberg) -- European equity futures declined alongside Asian stocks Thursday as investors began pulling back on the artificial-intelligence frenzy that has powered the bull market this year. The yen rose for a fourth day ahead of next week’s Bank of Japan meeting.Most Read from BloombergHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.Stocks Tumble as Wall Street Gets AI Wake-Up Call: Markets WrapWhat Initial Polling Data Show About the Trump-H
After a slow start of the year marked by weakness in mainstream assembly markets, Besi is banking on a wider adoption of its hybrid bonding tools by chipmakers, driven by booming demand for AI-enabling technology. Hybrid bonding is Besi's top product used to create tighter interconnections inside a chip. The chip assembly equipment maker's new order bookings rose to 185.2 million euros ($200.74 million) in the three months to the end of June, above analysts' consensus of 179 million euros compiled by Visible Alpha and cited by ING analysts.
(Bloomberg) -- Shares of SK Hynix Inc. slid by the most in 20 months after a rout in tech stocks, overshadowing strong financial results for the supplier to Nvidia Corp. in the June quarter.Most Read from BloombergHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.Stocks Tumble as Wall Street Gets AI Wake-Up Call: Markets WrapWhat Initial Polling Data Show About the Trump-Harris Matchup$1 Trillion Rout Hits Nasdaq 100 Over AI Jitters in Worst Day Si