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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.

Finance

AI infrastructure stocks stumble as Apple tops $5 trillion market value

AI infrastructure-related stocks fell on worries that corporate spending on AI may not rise fast enough to support current investment levels. Dell shares sank 11 percent and Hewlett Packard Enterprise, Oracle and Super Micro also declined. Barclays cut ratings on Dell, HPE and NetApp, citing recent share surges and a later timeline for corporate AI adoption. Apple, long viewed as behind in AI, closed with a $5 trillion market value, the second company after Nvidia to do so.

Industry

China\'s CXMT advances next-generation DRAM design, sending global memory stocks lower

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) disclosed progress in next-generation memory design, unsettling global memory-related stocks. Investors sold shares of Samsung Electronics, SK Hynix and Micron amid concerns China’s technology catch-up may accelerate. CXMT cited advances in a new memory-cell architecture based on 4F-squared design aimed at higher density. Its market share has risen, but hurdles remain, including U.S. export controls and limited access to EUV equipment.