Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5 Top Stories

Siemens/Microsoft Partnership; Alibaba/Tencent Alliance; New Japan Chip Plant

Every day, we handpick the 5 Top Stories stock market investors need to know. In 5 minutes, you’ll learn the stocks, CEOs, and money managers moving markets.

Siemens/Microsoft Partnership on Industrial AI

Siemens [SIE.DE] has teamed up with Microsoft [MSFT] to develop an AI-powered Industrial Copilot, which uses generative artificial intelligence (AI) to improve collaboration between humans and machines. Microsoft has pioneered AI copilots in its own products, and is now expanding into industry. Elsewhere in the space, hype is mounting around the new Advanced Micro Devices [AMD] AI accelerator chip, with which it hopes to challenge Nvidia [NVDA], while Samsung [SSNLF] has said that AI will drive a recovery in chip demand in 2024.

Chinese Tech Giants Join Forces

Amid an economic slowdown, Chinese e-commerce giants Alibaba [9988.HK] and Tencent [0700.HK] have moved away from competition and towards cooperation, jointly investing in AI start-ups and dropping forced exclusivity terms that obliged retailers to choose between their respective platforms. They also agreed to work together for this year’s Singles’ Day shopping festival, during which Alibaba is encouraging merchants to offer items at aggressively low costs.

Big Chip Moves in Asia

Taiwan’s Powerchip Semiconductor Manufacturing Corp. [6770.TW] is to build a $5.3bn factory in Japan, which is racing to develop its chip ecosystem: the plant will be financed in part by the Japanese government. Meanwhile, Vietnam is moving to boost semiconductor investment and possibly build its first chipmaking plant; the country already hosts Intel's [INTC] largest semiconductor packaging and testing facility. Lastly, Reuters reported that China's state-backed chip fund invested nearly $2bn in a memory chip company called Changxin Xinqiao.

X Value More Than Halved Since Takeover

X, formerly known as Twitter, is valued at $19bn, one year after Elon Musk acquired it for $44bn, according to stock grants distributed to employees on Monday. Over 80% of the company’s employees were laid off or have quit since the takeover. Musk is scheduled for a live interview with UK Prime Minister Rishi Sunak on Thursday after he attends a global summit on AI.

New Apple Line Up

Apple [AAPL] released a new series of MacBook Pro and iMac computers on Tuesday, along with three new chips. The M3 chips are the newest Apple silicon custom chips; prior to 2020, Apple used processors from Intel. The new computers will have a secure screen-sharing feature to allow users to access their computers remotely. Reuters has reported that Nvidia plans to enter the personal computer market as early as 2025.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

Latest articles