Chipmakers Drag Asian Stocks Lower on Renewed AI Valuation Worry
  • September 3, 2024

Chipmakers Drag Asian Stocks Lower on Renewed AI Valuation Worry

(Bloomberg) -- Asian semiconductor-related stocks tumbled, putting regional benchmarks on course for their worst drops in a month amid renewed concerns of overheating in the artificial intelligence rally.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe MSCI Asia Pacific Index fell as much as 2.2%, the most since the Aug. 5 panic selloff. Taiwan’s Taiex tumbled as much as 5.3% while Japan’s Topix slid 3.4% and K

KKR-Bain Bidding War Sends Fuji Soft Stock Soaring Above Offers
  • September 3, 2024

KKR-Bain Bidding War Sends Fuji Soft Stock Soaring Above Offers

(Bloomberg) -- Fuji Soft Inc.’s stock surged to above the price offered in Bain Capital’s surprise ¥600 billion ($4.1 billion) buyout bid, signaling expectations for a rare Japan bidding war with KKR & Co.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatBain’s offer threatens to derail an acquisition agreement between the Yokohama-based software company and KKR last month. Bain has now submitted a non-binding propo

FTNT, CRWD, or PANW: Which Cybersecurity Stock Is the Best Pick?
  • September 3, 2024

FTNT, CRWD, or PANW: Which Cybersecurity Stock Is the Best Pick?

Cyber attacks have been rising amid growing digitization and geopolitical tensions. Moreover, the sophistication of these attacks has increased, with cyber criminals leveraging advanced technologies and artificial intelligence (AI). As per Check Point Research, cyber attacks rose 30% year-over-year to 1,636 attacks per organization per week globally in Q2 2024. Given this favorable demand backdrop, we used TipRanks’ Stock Comparison Tool to place Fortinet (FTNT), CrowdStrike (CRWD), and Palo Alt