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KORE News28 articles
T1 Energy Stock Dips Ahead of Vote on Share Increase for KORE Power Deal and Plant Financing
T1 Energy stock slid 3.3% to $8.63 before a vote to double authorized shares to 1 billion, fueling dilution fears tied to the KORE Power buy and G2_Austin solar cell plant funding.
T1 Energy Slides on KORE Power Deal's Dilution Risk
T1 Energy shares dropped 3.2% to $9.13 after an SEC filing disclosed up to $24.7 million in stock-based payments for its $32 million KORE Power acquisition, spotlighting dilution risks.
Burry Warns South Korea Stimulus May Signal Market Top; NVIDIA Slips Below $200
Michael Burry warns South Korea's stimulus could mark the end of the rally. NVIDIA dips under $200 amid AI worries, while Meta surges on AI cloud service news.
Korea's $518B Chip Bet Drives Tool Maker Rally, ASML Surges
Samsung and SK Hynix plan 800 trillion won ($518B) for new fabs in southwest Korea, fueling a rally in chip equipment makers like ASML.
Micron's Data Center Earnings Surge to $20.3 Billion Amid Korean Supply Threat
Micron's data center units generated $20.3B in operating income, 2.2 times last year's quarterly revenue, as Korean rivals announce massive expansion plans.
Micron Shares Plunge 7.6% as South Korean Chip Expansion Stirs Oversupply Fears
Micron shares tumbled 7.6%, wiping out $98 billion in market value, as South Korea's $518 billion chip expansion plan ignited fears of oversupply and pressured memory pricing.
South Korea's $518B Chip Plan Fails to Impress Investors
South Korea's revised 800 trillion won ($518.3B) chip plan, down 60% from earlier estimates, sent Samsung down 4.86% and SK Hynix down 1.68% as investors focused on capex load.
Apple's Price Hike Hits Korean AI Stocks, Oil Drop Not Enough
South Korea's AI stocks fell Friday despite lower oil prices, as Apple's price hike on iPads and MacBooks due to higher chip costs and record margin debt weighed on markets.
Foreign Investors Retreat $8.6 Billion from Korean and Taiwanese Markets
Foreign investors withdrew $8.6 billion from South Korean and Taiwanese equities, even as the KOSPI rebounded 3.3%. Samsung Electronics jumped 9.84% on a reported $58.6 billion buyback plan, but analysts flag risks from retail trading and concentrated chip stock exposure.
Tech Selloff Drags US Futures Lower; South Korea's KOSPI Plunges 10%
US stock futures fell sharply Tuesday as a tech selloff erased optimism over US-Iran talks. South Korea's KOSPI plunged nearly 10% on regulatory ETF warnings.
SK Hynix Ousts Samsung as South Korea's Top Stock by Market Cap
SK Hynix overtook Samsung Electronics as South Korea's most valuable listed company, fueled by soaring demand for its high-bandwidth memory chips used in AI servers.
Coupang Shares Jump as South Korea Privacy Fine Decision Nears
Coupang shares climbed ahead of a South Korean privacy ruling that could fine the company up to 1.36 trillion won over a data breach. The decision, expected Thursday, will weigh on the stock.
T1 Energy Shares Slide 7.4% on Dilution Fears from KORE Deal Filing
T1 Energy shares plunged 7.4% to $8.46 on dilution fears after a filing detailed stock-based payments for the KORE Power acquisition, with share count tied to a 10-day VWAP.
Nvidia Gains on Korea AI Deals, But PC Demand Questions Loom
Nvidia shares rose 1.8% to $208.64 after announcing AI memory deals with SK Hynix and a sovereign AI buildout with NAVER, but analysts question mainstream AI PC demand.
Nvidia's AI Deals in South Korea Face Market Skepticism as Chip Rout Deepens
Nvidia shares remain under pressure near Friday's steep decline despite new AI infrastructure deals in South Korea, as the broader chip sector reels from rate hike concerns and valuation fears ahead of Monday's open.
T1 Energy Plunges 19% After $32M KORE Power Acquisition Deal
T1 Energy shares fell 19.13% to $9.43 after announcing a $32 million deal to acquire KORE Power, entering battery storage and AI data-center infrastructure, with heavy trading and sector-wide weakness.
T1 Energy Hits 52-Week High on $32M KORE Power Acquisition
T1 Energy shares hit a 52-week high after agreeing to buy KORE Power for $32 million, moving into battery storage and AI data center power.
T1 Energy Expands into Battery Storage with $32M KORE Power Acquisition
T1 Energy (TE) acquires KORE Power for $32 million, entering battery storage and data-center infrastructure. Northland initiates Outperform rating, $16 target.
T1 Energy Shares Dip After $32M KORE Power Acquisition
T1 Energy stock slipped 1.3% premarket after unveiling a $32M acquisition of KORE Power, targeting growth in battery storage and AI data-center markets.
AI Boom Lifts Asian Markets, Korea Inflation Tempers Optimism
Asian markets gained Tuesday as AI enthusiasm boosted sentiment, but South Korea's inflation data raised caution. Nvidia remains supply-constrained despite robust growth.
UiPath Stock Edges Up Ahead of Q1 Report; Cloud Expansion in Korea
UiPath shares edged up 1% to $10.65 as tech stocks rebounded. The company announced Automation Cloud on Azure in South Korea and reported the death of board member S. Somasegar. Earnings are due May 28.
Korean Investors' US Stock Holdings Break 300 Trillion Won Milestone
Korean investors' US stock holdings have exceeded 300 trillion won, driven by strategic bets on Intel and inverse ETFs amid semiconductor volatility.
XRP Surges on ETF Inflows and Ripple's Korean Bond Initiative
XRP gained 2.5% to $1.44, buoyed by $17 million in ETF inflows and Ripple's new Korean government bond settlement project. Trading volume exceeded $4 billion.
Ripple's Korean Bond Pilot Boosts XRP, Rakuten Delay Mutes Rally
XRP climbed toward $1.39 following Ripple's new partnership with South Korea's Kyobo Life Insurance for a blockchain bond settlement pilot. The advance was tempered by Rakuten Wallet's postponement of XRP and four other token listings.
Korean Markets Reel After Historic Plunge, Stabilization Fund Deployed
South Korea's benchmark KOSPI index suffered its worst weekly loss in years, plummeting over 11% amid a historic single-day crash. The government has activated a $68 billion stabilization fund to stem the bleeding.
BAT Hit with UK Shareholder Suit Over North Korea Sanctions
British American Tobacco is being sued in London by over 100 shareholders who allege the company did not properly disclose U.S. sanctions violations related to its North Korea operations. The legal action follows BAT's $635.2 million settlement with U.S. authorities in 2023.
Alphabet Gains Amid Regulatory Scrutiny and Korean Map Approval
Alphabet's Class C shares advanced 1.39% to $311.43, outperforming the broader market. The company faces a new antitrust probe in Belgium while receiving a key mapping approval in South Korea.
South Korean Regulators Eye Stricter Crypto Oversight After Bithumb's $40 Billion Error
South Korea's financial watchdog is pushing for tighter cryptocurrency regulations following a major incident at exchange Bithumb, which mistakenly distributed over $40 billion in Bitcoin to users. Authorities are considering enhanced inspections and addressing systemic vulnerabilities.