The AI chip frenzy is creating a new trillion-dollar contender

SK Hynix’s stock price has soared more than 200% this year, heading towards the trillion-dollar club. The South Korean company has benefited from surging demand for artificial intelligence memory chips used by Nvidia. South Korea’s stock market is riding the artificial intelligence boom, with Samsung’s valuation recently surpassing $1 trillion. The artificial intelligence boom is…

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Bullish (BLSH) earnings: Shares slide 7.9% following first quarter miss

Cryptocurrency platform and CoinDesk parent company Bullish (BLSH) reported first-quarter adjusted revenue that fell short of analysts’ expectations as weak digital asset trading activity at the start of the year hurt earnings. The company reported adjusted revenue of $92.8 million, compared with FactSet analyst estimates of $94.9 million. Adjusted earnings before interest, taxes, depreciation, and…

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Experimental obesity drug outperforms traditional weight-loss treatments in early research

A new weight-loss drug shows promise in early trials. Research from the Helmholtz Institute for Diabetes and Obesity in Munich, Germany, published in the journal Nature, tested an experimental obesity and diabetes drug called GLP-1-GIP-Lani. The drug combines GLP-1 and GIP (two natural hormones that help regulate appetite and blood sugar, similar to popular weight-loss…

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