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Crypto

16 U.S.-listed companies including Goldman Sachs and Microsoft oppose tokenised versions of their shares

Tokenised stock trading is growing quickly in overseas markets, but major U.S.-listed companies are opposing the tokenisation of their shares, slowing moves into regulated U.S. markets. CNBC reported that companies including Goldman Sachs, Microsoft, Qualcomm, Caterpillar, McDonald\'s, Western Digital and Alphabet objected to tokenised versions trading on OKXICE, taking the total to 16 firms. Control over issuance and protection of shareholder rights have emerged as key issues.

AI & Enterprise

CoreWeave credit fears spread as 68 trillion won debt weighs on AI stocks

Selling pressure is spreading across AI-related stocks as credit risk rises at AI infrastructure firm CoreWeave. Its five-year credit default swap spread topped 1,140 basis points intraday before easing to 1,088, up 33% from a week earlier and 177% from a year ago. CoreWeave has more than $51 billion in debt and financial obligations. Investors are focusing on when cash flow will arrive to support heavy capital spending.

AI & Enterprise

Q3 semiconductors slide, software stocks rise; which stock Jim Cramer says can climb more

U.S. corporate software stocks posted the most notable rebound in the third quarter, CNBC reported, citing Jim Cramer’s review of the market. He said software shares returned to leadership as selling tied to artificial intelligence worries faded. The iShares Expanded Tech-Software Sector ETF rose 17 percent in the quarter, while the iShares Semiconductor ETF fell 11 percent. Cramer highlighted Salesforce and Microsoft and flagged rate hikes as his top concern for the new quarter.