Shares of Japanese robotics giant Fanuc Corp. tumbled after its first-quarter operating profit fell just short of analyst expectations, overshadowing a robust surge in orders and a raised full-year forecast.
Shares of the aluminum producer slid over 6% after announcing a private placement that has fueled investor concerns about potential shareholder dilution.
Energy stocks across Asia fell on Monday after crude oil prices extended losses on signs of potential diplomatic progress between the United States and Iran, easing concerns over supply disruptions in the Middle East.
Nvidia shares have pulled back 15% from their record high, placing the stock at the low end of analyst targets despite strong fundamentals and continued dominance in the AI chip market. Investors are weighing robust growth against high valuation metrics and emerging competitive and geopolitical risks.
Shares of the Japanese memory chip maker jumped after it reported a quarterly operating profit that exceeded the entire prior fiscal year, announced a massive share repurchase program, and issued a strong forecast driven by AI demand.
South Korean stocks led a broad decline across Asian markets as a sharp sell-off in artificial intelligence heavyweights like Samsung and SK Hynix overshadowed optimism from easing Middle East tensions.
The Chinese technology giant unveiled its latest generative AI system, Qwen 3.8-MAX, boasting improved performance and lower costs, which sent its Hong Kong-listed shares up more than 6% amid intense market competition.
Shares of Alibaba Group in Hong Kong climbed over 6% following the launch of its advanced Qwen 3.8-MAX artificial intelligence model and a reported cloud computing deal with startup Moonshot AI.
Meta Platforms has reportedly cut its outsourced work with Wipro by at least 25% after an AI-driven restructuring led to the closure of its digital marketing division, impacting a key revenue source for the IT services firm.
