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DeepSeek's new model, coupled with AI financing concerns, has led to continuous declines in Asian chip stocks.

46 minutes ago

According to Bloomberg, Asian semiconductor stocks extended their decline on Monday, with the Bloomberg Asia Chip Index plunging over 2% to its lowest level since July. TSMC, SK Hynix, and Japan’s Advantest were the primary drags on the index. Market anxiety stems from two key concerns: First, lingering financing pressures in the U.S. AI infrastructure sector, with doubts over CoreWeave’s funding viability and cooling IPO expectations for Anthropic and Nscale. Second, Chinese AI firm DeepSeek rolled out a new model update over the weekend, claiming faster performance and lower resource consumption—sparking fears that reduced storage needs for AI models could dampen chip demand. Last week, South Korea’s Kospi notched its worst weekly performance since October 2008. On Monday, the index fell as much as 3% before paring losses; Japan’s Nikkei 225 dropped 2.3% at its low, while Taiwan’s Weighted Index slipped 2%. Kang DaeKwun, CEO of Life Asset Management, said current market uncertainty is too elevated to time a bottom for South Korea’s stock market, with U.S. corporate AI project financing a major risk. He emphasized that South Korean chipmakers’ earnings remain heavily reliant on sustained U.S. investment in AI infrastructure. This week’s earnings reports from tech giants like Meta and Tesla will be a critical gauge of AI capital expenditure trends.

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South Korea's KOSPI index rose 1% intraday.

According to Bitget's market data, South Korea's KOSPI index posted an intraday gain of 1.00%.

3 minutes ago

A certain crypto whale re-staked nearly 500,000 HYPE tokens, valued at $38.92 million.

According to monitoring by Onchain Lens, a crypto whale has staked a total of roughly 500,000 HYPE tokens over the past 24 hours, valued at approximately $38.92 million. The latest stake alone amounts to 399,994 HYPE tokens, worth around $30.92 million. Notably, this whale had previously unstaked its holdings two months ago.

3 minutes ago

Details of Character.AI’s bankruptcy have been revealed: Disney plans to spend $180 million over three years to retain staff, and the platform now has only 18 employees.

Beating AI News Flash: Before Character.AI filed for bankruptcy, Disney had already extended job offers to 66 of its employees. 56 have left the company, while 10 are awaiting work visa adjustments. According to bankruptcy court documents, Disney plans to invest approximately $180 million in these employees over the next three years, including $30 million in retention bonuses. In comparison, Disney’s bid for some of Character.AI’s technology and patents is only $20 million, in exchange for permanent, non-exclusive usage rights. The agreement explicitly excludes existing apps, brands, user chat logs, and finished models; Disney does not intend to take over the entire chat platform. When Character.AI filed for bankruptcy, it only had 18 full-time employees left, 10 of whom are still waiting to join Disney. The company expects only 8 employees will remain through critical bankruptcy stages, with around 6 handling security-related work. Due to staffing shortages, Disney will also temporarily recall some employees who have transitioned roles to help maintain operations on the original platform. Meanwhile, 40 U.S. state attorneys general have intervened in the bankruptcy process, demanding protection of users’ private chat logs to prevent the data from being misused after asset sales. Other bidders may submit acquisition offers by November 20. If no party agrees to continue operations, Character.AI will shut down its services.

3 minutes ago

TD Cowen cuts Cerebras Systems' target price from $275 to $175.

TD Cowen said it has lowered its price target for Cerebras Systems from $275 to $175, and cut Intel (INTC.O)’s price target from $115 to $95.

3 minutes ago

A crypto whale has withdrawn a total of $3.01 million worth of LINK from Binance over the past four days.

According to monitoring by Onchain Lens, a whale has withdrawn a total of 246,800 LINK tokens from Binance over the past four days, valued at approximately $3.01 million. It withdrew 182,160 LINK in the past 24 hours, worth around $2.18 million, with the latest withdrawal amounting to 67,560 LINK, valued at roughly $808,400.

3 minutes ago

The three major crypto storage giants all rebounded more than 4% intraday, with related on-chain contract positions hitting $880 million.

Compared to 00:00 today, the main mapped contracts of SK Hynix, Micron, and SanDisk rebounded by approximately 5.24%, 4.26%, and 6.11% respectively. The total open interest nominal value of these contracts stands at around $881 million. SK Hynix’s Korean stock mapped contract SKHX is currently quoted at $940.60, with an open interest nominal value of approximately $384 million; its ADR mapped contract SKHY rose around 4.78% over the same period, currently priced at $139.72, with a position nominal value of approximately $200 million, bringing the combined nominal value of the two contracts to roughly $584 million. Micron’s MU contract is currently quoted at $897.74, with a position nominal value of around $163 million. SanDisk’s SNDK contract is currently quoted at $1,336.40, with a combined position nominal value of approximately $134 million across two markets: Trade.xyz and Entropy, including roughly $126 million on Trade.xyz and $7.9 million on Entropy.

3 minutes ago

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