Samsung to Invest in AI; Elliott Said to Build Stake in Invisalign-Maker Align; Rocket Lab Jumps
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Show Notes
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Samsung Electronics Co. plans to spend more than 110 trillion won ($73.3 billion) on chip capacity expansion and research this year, devoting a record amount of capital toward an effort to seize the lead in AI semiconductors.
- Elliott Investment Management has built a significant stake in Align Technology Inc., the maker of Invisalign teeth-straightening products, according to people familiar with the matter.
- Rocket Lab jumped after the space company announced a $190 million contract to perform 20 hypersonic test flights with its HASTE launch vehicle over a four-year period for the US Department of War’s MACH-TB 2.0 program.
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