Chinese AI developer Zhipu, listed in Hong Kong, saw its shares surge almost 1,000% this year, boosting Chairman Liu Debing's net worth to $22.4 billion. The company has gained recognition for its advanced large language models, including GLM-5.1, which rivals global AI leaders in reasoning and coding. Despite heavy R&D losses, Zhipu's revenue grew 132% last year, and it plans to raise $2.2 billion to expand further. However, analysts caution about volatile trading and high stock valuations amid rapid market shifts.
Snow Rothschild Acquisition Corp. priced its initial public offering (IPO) at $200 million, issuing 20 million units at $10 each. Each unit includes one Class A share and half a warrant, allowing purchase of additional shares at $11.50. The units wil...
Eloxx Pharmaceuticals announced a public offering of nearly 3 million common shares and pre-funded warrants, aiming to raise $66 million before expenses. The funds will support the company's development of novel small molecule drugs targeting genetic...
The VanEck Gaming ETF (BJK) officially became the VanEck Digital Native Economy ETF (GENZ) on April 9, 2026, shifting its portfolio from casino operators to digital economy companies like Uber, NetEase, and Charles Schwab. This change affects the fun...
Asian technology stocks rose sharply as investors returned to AI-linked companies, with major gains in South Korean and Japanese semiconductor firms. This rebound follows Wall Street's positive momentum, driven by optimism around artificial intellige...
Solana (SOL) is attempting a rebound after falling to a three-year low near $60, but faces strong resistance between $75 and $81, limiting upside potential. The token remains below key moving averages, signaling a cautious market outlook, while insti...
