Asian shares jump on AI trade revival despite SpaceX, AMD setbacks, as oil prices dip – business live

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Guardian Business

Asian shares jump on AI trade revival despite SpaceX, AMD setbacks, as oil prices dip – business live

Technology stocks booming again while Brent crude trades below $80 a barrel amid hopes for a Middle East interim deal James Bull, technology industry senior analyst at RSM UK, said: SpaceX’s first results as a public company are more encouraging than many investors expected. Revenue of $7.8bn was 15% ahead of forecasts and nearly double the same period last year, losses narrowed and the AI division delivered stronge…