Key News
1. Challenger, a US employment data company, reported that the total number of layoffs in the US reached 97,006 in May, the highest May level since 2020.
Individual Stock News
1. According to media reports, South Korea's LG Group will purchase 10,000 GPUs from Nvidia (NVDA.O).
2. Market news: Foxconn announced a strategic partnership with Intel (INTC.O) to jointly develop an AI platform.
3. According to the Korea Economic Daily, government and industry insiders revealed that Hyundai Motor and Nvidia (NVDA.O) are discussing establishing an artificial intelligence R&D center in South Korea.
4. Amazon (AMZN.O): Will invest over €10 billion in Europe for logistics center construction, an investment that will create 25,000 new jobs.
5. IBM (IBM.N) and Google Cloud announced a strategic partnership to drive the large-scale deployment of AI by combining human expertise with AI-driven delivery models.
6. TSMC (TSM.N) CEO: CoPoS advanced packaging technology has pilot production lines, and we expect CoPoS production to increase significantly within two to three years.
7. According to the Wall Street Journal: Sources say Meta Platforms (META.O) has delayed the release of its Muse Spark AI model API due to vulnerabilities and infrastructure issues.
8. SK Group stated that its chairman met with the CEO of TSMC (TSM.N) on Wednesday to focus on strengthening cooperation in high-bandwidth memory (HBM) development and next-generation advanced packaging.
9. Broadcom (AVGO.O): Q2 2026 net profit was $9.31 billion, compared to $4.965 billion in the same period last year; the company expects semiconductor revenue from artificial intelligence in the third quarter to increase by more than 200% year-over-year, reaching $16 billion.
