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South Korea's KOSPI leads AI infrastructure growth with 300% earnings surge forecast by 2026.

Market News
13 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

South Korea's KOSPI market has shifted from being undervalued to a leader in AI infrastructure, driven by strong demand in memory and semiconductors. Earnings for KOSPI companies are expected to grow by 300% by 2026, supported by broad strength beyond major players like Samsung and SK Hynix. Despite a significant rally and increased volatility, disciplined investment in Korea, especially through low-cost vehicles like FLKR, is recommended. Meanwhile, the U.S. AI sector faces margin pressures due to high capital expenditures but remains essential for diversified AI exposure across hardware, software, and infrastructure.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

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XRP price rises 4% amid market rebound, eyeing potential 20% gain if resistance breaks

XRP price rises 4% amid market rebound, eyeing potential 20% gain if resistance breaks

XRP surged about 4% to $1.11 following a broader crypto market rebound triggered by softer U.S. inflation data. Technical signals suggest a bullish inverse head and shoulders pattern, with potential for a 20% price increase if XRP breaks the $1.12–$1...

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Revolut gets preliminary UAE crypto license, expands services while removing USDT in Europe by August

Revolut gets preliminary UAE crypto license, expands services while removing USDT in Europe by August

Revolut has received preliminary approval from Dubai's Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE, including broker-dealer, asset management, and exchange functions. This approval allows UAE customers to trade and...

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4 hours ago
Rotork agrees to £4.1bn takeover by Swiss firm ABB, offering 73% premium to shareholders.

Rotork agrees to £4.1bn takeover by Swiss firm ABB, offering 73% premium to shareholders.

Rotork PLC has accepted a £4.1 billion takeover bid from Swiss engineering group ABB, offering shareholders 506p per share, a 73% premium over the previous closing price. The acquisition will enhance ABB's industrial automation business by adding Rot...

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Alexandria Real Estate Equities faces sharp stock drop amid high vacancy in life science hubs.

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Alexandria Real Estate Equities (ARE) is struggling with oversupply and vacancy rates exceeding 30% in key life science markets like Boston, San Francisco, and San Diego. This has caused an 80% decline in its stock price from its peak. The company's ...

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