Tag: Forbes

AISemiconductorsTechnology

Cambricon CEO’s Wealth Soars Amid US-China Chip Trade War

Chen Tianshi, founder of AI chip startup Cambricon Technologies, has seen his personal wealth increase dramatically during ongoing US-China trade tensions. The company’s stock surged following a quarterly report showing massive revenue growth as China pushes for semiconductor self-sufficiency.

Chinese Chip Executive’s Fortune Rises With Trade War Tensions

The CEO of Chinese artificial intelligence chipmaker Cambricon Technologies has reportedly seen his personal wealth surge by billions of dollars amid escalating trade tensions between the United States and China, according to financial analysts tracking the semiconductor industry.

by Harlow Wesley
BusinessEnergyTechnology

NuScale Power Stock Shows Bullish Signals Despite Recent Pullback

NuScale Power shares have retreated from record highs but are approaching a historically bullish technical level. Options market data reveals significant put activity that could fuel a rebound if sentiment shifts.

Recent Market Movement and Investor Activity

NuScale Power (SMR) shares declined significantly this week, reportedly falling 12.4% to $33.60 amid news that Starboard Value acquired an almost 5% stake in Fluor Corporation, which maintains majority ownership in the nuclear technology company. Despite this pullback, sources indicate the stock remains up 89.6% for 2025 and had reached an all-time high of $57.42 just last week.

by Owen Holt
AIAutomationTechnology

Amazon’s Automation Drive Puts 600,000 Positions in Jeopardy by 2033, Report Reveals

Amazon’s internal strategy indicates automation could replace approximately 600,000 positions by 2033. The shift toward robotics and AI is expected to significantly impact warehouse and delivery roles. Industry analysts suggest this move could set a precedent for other major employers nationwide.

Massive Workforce Transformation Ahead

Amazon is planning one of the largest workforce automation initiatives in corporate history, with internal strategy documents indicating approximately 600,000 jobs could be replaced by robotics and artificial intelligence by 2033, according to reports first covered by The New York Times. The tech giant, which ranks as America’s second-largest employer, appears to be accelerating its automation timeline even as it plans to significantly increase operational output.

by Owen Holt
BusinessFinanceHealthcare

Elevance Health Q3 Profits Surge to $1.18 Billion Amid Cost Management Strategy

Elevance Health announced third quarter net income of $1.18 billion despite increasing medical expenses across its health plans. The health insurer’s revenue grew 12.4% to $50.7 billion, driven by premium yields and Medicare Advantage growth.

Strong Financial Performance Despite Cost Pressures

Elevance Health, the nation’s second-largest health insurer, reportedly achieved $1.18 billion in net income during the third quarter, representing a 17.8% increase compared to the same period last year, according to the company’s earnings report. The performance comes amid what analysts describe as ongoing cost pressures in the healthcare sector, particularly within government-subsidized insurance programs.

by Harlow Wesley