Chip stocks sell off as high expectations overshadow Samsung results

Investors dumped semiconductor stocks on Tuesday after results from Samsung Electronics failed to meet Wall Street’s lofty artificial intelligence demand expectations. Shares dropped 8% even after the South Korean electronics company’s quarterly profit surpassed both Nvidia and Apple, and the company said it expects operating profit to jump $1,800%. The results are the latest sign…

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Google backs Proxima Fusion in $468 million round

Google has backed Germany-based Proxima Fusion, which is looking to build Europe’s first commercial fusion power plant, in a 411 million euros ($468 million) round, the company announced on Tuesday. Nuclear fusion is the process of combining two hydrogen atoms to form one helium atom, releasing huge amounts of energy. While it promises an abundance…

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