Latest Business News
US Tech Giants Face Production Delays Due to Memory Supply Shortage
Qualcomm shares plunged 8.46% after forecasting Q2 revenue below expectations, attributing declines entirely to memory shortages impacting smartphone processors. Nvidia and Apple CEOs confirmed high memory demand exceeds supply, prioritizing AI servers and causing production issues from Q1 2026.
Korean firms like Samsung and SK hynix see surging value as suppliers amid US-China tensions.
Qualcomm CEO Blames Memory Shortage for 13% Handset Revenue Drop
Qualcomm projected Q2 fiscal revenue at $10.2-11 billion, missing $11.11 billion expectations, with handset segment down 13% year-over-year. CEO Cristiano Amon stated the issue is '100 percent related to memory,' despite strong handset demand.
Macro indicators remain positive, but supply constraints dominate.
Nvidia Prioritizes AI Servers Amid Memory Chip Crunch
Nvidia dismissed shortage rumors but CEO Jensen Huang noted memory demand exceeds supply, straining the supply chain. The company is reportedly accelerating HBM4 supply from Samsung despite incomplete testing.
Limited resources focus on AI over consumer tech.
AI Tech Spending by Mag7 Crowds Out Other Investments
Massive tech capex by Magnificent 7, including Nvidia's 2026 guidance, is exploding, causing price pressures elsewhere. Non-tech cap-ex and jobs are shrinking as AI dominates short-term activity.
This raises inflation risks while US job market weakens.
US Job Market Concerns Amid AI Boom and Fed Policy Debate
Evidence points to faster job market deterioration than rising inflation, supporting forecast of three Fed rate cuts to 3% in 2026. Nonfarm payrolls delayed to Wednesday, CPI Friday, with Fed-speak expected.
AI contributes to uncertainty in dual mandate balancing.
AlUla Conference 2026 Kicks Off on Global Trade Reset
IMF and Saudi Ministry host second AlUla Conference for Emerging Market Economies on Feb 8-9, focusing on trade tensions and geopolitical fragmentation. Sessions cover monetary policy, fiscal resilience, and AI's role in private sector growth.
High-level policymakers discuss shocks and EME resilience.
Emerging Markets Face Trade Risks and AI Opportunities
Conference agenda addresses lower global trade impacts on EME growth, industrial policies, and AI-driven productivity. Discussions on private investment amid high public debt and state roles.
Emphasis on policy tools to leverage technology.
ET NOW Global Business Summit Announces Star Speakers
New Delhi event on Feb 13-14 features economists like Ann E. Harrison, former Haas dean, and World Bank veteran Joseph Stiglitz. Speakers include EPC CEO Fabian Zuleeg and London Business School dean Nitin Nohria on global integration.
Focus on political economy, development, and geoeconomics.
Central Banks in Spotlight: Peru, Russia Decisions and BoC on AI
Only Peru and Russia central banks decide this week, amid Fed-speak on jobs data and CPI. BoC views on AI inflation risks ahead of policy insights.
UK Q4 GDP, China CPI, and others provide global economic cues.
Saudi Arabia Hosts Discussions on Fiscal Policy in Shock-Prone World
AlUla Conference tackles fiscal resilience, public policies for economic transformation, and EME shocks from global uncertainty. Aims to boost international coordination for sustainable growth.
Highlights EMEs' pivotal global role.
Korean Memory Makers Gain as US Tech Faces Supply Crunch
Samsung Electronics and SK hynix shares surge from US giants' shortages, with Nvidia requesting early HBM4 delivery. Analysts see stable Korean market share despite US-China relations.
Spillover benefits strengthen supply chain position.