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Latest: Fintech News

AI Boom Fuels Record Weekly Inflow For Tech Stocks: BofA
AI Boom Fuels Record Weekly Inflow For Tech Stocks: BofA

Technology firm equities recorded $8.5 billion of inflows in the week to Wednesday which also saw a 30% rise in shares of chipmaker Nvidia

AI Chip Gold Rush Pumps Up SoftBank Shares Ahead of Arm IPO
AI Chip Gold Rush Pumps Up SoftBank Shares Ahead of Arm IPO

The Japanese conglomerate, whose tech portfolio has slumped in value due to an array of troubled investments, passed the psychological level of 6,000 yen on Friday

Elon Musk Accused of Dogecoin Insider Trading by Investors
Elon Musk Accused of Dogecoin Insider Trading by Investors

A class action accuses Musk of deliberately driving up Dogecoin's price by more than 36,000% over two years and then letting it crash

Nvidia Feels ‘Perfectly Safe’ Relying Heavily on Taiwan Chips
Foreigners Pulled $1.7 Billion Out of China Shares in May
Singapore Tech Giant Sea Pulls Plug on Investment Arm
China Starts Drilling 10,000-Metre Deep Hole in Xinjiang – Xinhua
US to Target Investment in China Chips, AI, Quantum Computing
India to Allow Tech Firms Greater Time to Set up Chip Plants
AI Poses Extinction Risk, as Bad as Nuclear War, AI CEOs Say

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors