SoftBank Group Corp is on track for the best weekly gain since March 2020 as analysts and investors become more bullish on its potential as an artificial intelligence (AI) stock.

The shares rose as much as 6% on Friday (June 2), and are poised for a jump of about 18% on the week. Jefferies provided the latest spark, upgrading SoftBank to buy from hold, saying it is a “likely beneficiary” of the frenzy in recent stocks following Nvidia Corp’s bullish sales forecast last month.

Now seen as an AI stock, SoftBank is set for its best week in three years

(June 2): Russia’s main security service accused a US intelligence agency of hacking several thousand iPhones, including devices belonging to Russian nationals and others linked to diplomatic missions and embassies in the country.

The statement from Russia’s Federal Security Service, kn...

Russia accuses US intelligence of hacking thousands of iPhones

(June 2): Apple Inc. is working on plans to expand and revitalize its retail chain, aiming to push deeper into China and other parts of Asia while overhauling established locations in the US and Europe.

Through 2027, the iPhone maker is discussing opening 15 new stores across the Asia-P...

Apple plans major retail push with new stores across China, US

The implementation of the National Digital Network Plan (Jendela) Phase 1 (2020-2023) has surpassed its set network coverage area, mobile network speed and fibre connectivity targets.

Malaysian Communications and Multimedia Commission (MCMC) chief operating officer Datuk Mohd Ali Hanafiah Mohd Yunus said Jendela Phase 1 which concluded on Thursday, saw 7.74 million premises installed with fibre internet connections, exceeding its initial target of 7.5 million.

Jendela Phase 1 implementation successful, exceeds targets — MCMC

Apple Inc supplier Foxconn will start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, the state government said on Thursday (June 1).

The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at 130 billion rupees (US$1.59 billion or RM7.27 billion), is expected to create around 50,000 jobs.

Foxconn to make iPhones in India's Karnataka by next April, says state govt

Russia's Federal Security Service (FSB) said on Thursday (June 1) it had uncovered a US National Security Agency (NSA) plot using previously unknown malware to access specially made so-called backdoor vulnerabilities in Apple phones.

Russia says US accessed thousands of Apple phones in spy plot

A Russian court on Thursday (June 1) fined messenger service WhatsApp three million roubles (RM170,800) for not deleting banned content, its first fine in Russia for that offence.

Russia fines WhatsApp for first time for not deleting banned content

Southeast Asian e-commerce and gaming giant Sea Ltd is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations.

Southeast Asian tech giant Sea disbands investment arm, say sources

Nvidia Corp chief executive officer Jensen Huang is heading to China to meet with tech executives in the world’s biggest chip market, despite rising tensions between Washington and Beijing, according to people familiar with the matter.

Nvidia's CEO planning trip to meet China executives despite US curbs — sources

CelcomDigi Bhd has officially commenced its full-scale programme to build a future digital network by integrating and modernising the largest 4G network in Malaysia with the latest long term evolution (LTE) and 5G-ready technologies.

CelcomDigi initiates programme to integrate, modernise largest 4G network

Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI), feels "perfectly safe" about relying heavily on Taiwan for manufacturing, its chief executive Jensen Huang said on Thursday (June 1).

Nvidia CEO feels safe relying heavily on Taiwan manufacturing

Investors riding the rapid ascent of the artificial intelligence theme are experiencing a hiccup as shares of Nvidia Corp and other major players slip after a powerful rally.

Nvidia fell 5.7% Wednesday (June 1), the most since Jan 30, after the chipmaker briefly reached a US$1 trillion (RM4.61 trillion) market cap earlier this week.

AI boom gets fresh gut check as Nvidia drops most since January

North Korea's latest space launcher appears to be a new design and most likely uses engines developed for the nuclear-armed country's intercontinental ballistic missiles (ICBM), analysts said on Thursday (June 1).

New North Korean space rocket features engine from ICBMs, analysts say

Big companies including a Foxconn joint venture that bid for India's US$10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi's chipmaking ambitions.

Modi's chipmaking plan flounders as firms struggle to find tech partners

CGS-CIMB lifts the construction and materials sector to ‘overweight’ from ‘neutral’

Slower US job, wage gains expected in May

'Relentless' heatwaves scorch southern China, test power grids

Chanel adds new Hong Kong retail space as tourists return

Debt holders of Brazilian retailer Americanas to rebuff recovery plan

US imposes sanctions on companies tied to Sudan forces as fighting rages

PwC contracts frozen by US$191b Australian pension fund

Malaysia’s economic growth to moderate to 4.5% in 2023, says IMF

Oil prices rise as Congress approves US debt ceiling bill

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

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