Datavault AI Stock Rallies After Board Fires CEO, Several Execs Replaced
Datavault AI shares jumped after a leadership overhaul that followed invalidated financial statements tied to a $150 million Bitcoin deal.
Economy · News reference
Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Rising borrowing costs could pressure fab and AI infrastructure while straining customers budgets. Semiconductor stocks also faced pressure after South Korea’s Kospi index fell more than 7% overnight.
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