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3,000% bonuses but a growing wealth divide: South Korea grapples with its AI chip boom

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Powered by chipmakers Samsung Electronics and SK Hynix, South Korea is seeing a surge in wealth, but there are questions over who gets to share in the profitsWhen South Korea’s most high-profile divorce case returned to court last month, the lawyers were arguing not just about the breakdown of a relationship, but also the exact […]

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Shares in chipmakers underpinning AI boom rocket in first half of 2026

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Value of some chip manufacturers have tripled, or more, driving Asia Pacific stock markets sharply higherShares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis.Investors have driven up the value of semiconductor and memory chip manufacturers, whose

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The AI bubble has further to run despite the looming crash

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As tech firms make huge profits and investors fear losing out, both are doing their best to hold off the day of reckoningOpenAI staggers AI model release after White House requestEvery couple of decades, investors will ask themselves how long can the stock market keep climbing. Is it safe to buy more shares? Is their

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Elon Musk loses trillionaire status as SpaceX and Tesla stock drops

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Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaireElon Musk was no longer a trillionaire by the time markets closed on Wednesday. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET, Forbes listed Musk’s net worth as

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US AI stock sell-off shakes markets from Wall Street to Asia

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Losses spread globally as investors questioned soaring valuations and spending on AI infrastructureA tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs.The tech-heavy Nasdaq index opened 2% lower

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‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

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Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accountsElon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn.Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US

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After SpaceX’s huge IPO, Americans’ financial future will be bound to AI

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They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfoliosAmericans are growing worried about what artificial intelligence portends for their futures. Eight in 10 Americans report concern over AI, compared with a third who report being excited, according to a recent Quinnipiac poll. More than half think

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SpaceX to list on US stock market at historic $1.77tn valuation

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IPO for Elon Musk’s company comes in what is predicted to be a banner year for public offerings of AI companiesSpaceX will become publicly traded on Friday after nearly two and a half decades as a private company. Executives are slated to ring the bell on Wall Street with the rocket ship maker’s historic stock

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Stock markets fall as concerns persist over tech firms at heart of AI boom

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Falls follow sharp sell-off of US tech stock last week while oil prices jump after Iran and Israel exchange strikesBusiness live – latest updatesGlobal stock markets have fallen amid concern about the prospects for tech stocks while oil prices have risen as attacks in the Middle East stoked fears that a fragile truce in the

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Billions spent and hypothetical returns: the AI boom explained with six charts

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Expenditure is growing fast and consumer take-up accelerating. But alarm bells are sounding The race is very much on. Elon Musk’s SpaceX, which makes AI models as well as space rockets, announced last week it is seeking a $1.77tn (£1.31tn) valuation on the US stock market while Anthropic, the startup behind the Claude chatbot, said

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