Mirae Asset

AI Stock Bounce May Be Temporary, Charts Warn

Technical analysis from Fairlead Strategies published on CNBC Pro warns that the AI trade—proxied by the Global X Artificial Intelligence & Technology ETF (AIQ)—has weakened and faces additional downside. AIQ has corrected roughly 19% from its recent peak, the weekly MACD has flipped to a sell signal, and weekly stochastics point lower, indicating loss of intermediate-term upside momentum. The ETF's top holdings (including SK Hynix, Micron, AMD, Apple and NVIDIA) give it broad exposure to semiconductors and mega-cap AI infrastructure. Short-term oversold conditions may allow a bounce near daily cloud support, but analysts view any near-term rebound as an interruption rather than a new uptrend and recommend reducing exposure until momentum improves.

PixVerse Raises $439M, Valuation Tops $2B

Singapore-based video generation startup PixVerse closed a Series C extension raising $439 million, bringing its valuation above $2 billion. The company plans to use the capital to expand its world model offering, accelerate product development (including new V-series and world model releases) and grow enterprise sales and research headcount across geographies. The initial Series C was closed in March and led by CDH Investments. Investors in the extension include Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, CloudAlpha, and returning backers iGlobe Partners and OCBC’s LionX Ventures. PixVerse, founded in 2023 by Wang Changhu and Jaden Xie, offers multiple video models (V-, C-, and R-series) and says its consumer product has over 150 million registered users and 15 million monthly active users.

Samsung-backed Rebellions Raises $400M Ahead of IPO

South Korean AI chip startup Rebellions has raised $400 million in a funding round led by Mirae Asset Financial Group and the Korea National Growth Fund, valuing the company at $2.34 billion. Backers also include Samsung, SK Hynix and Saudi Aramco. Rebellions makes inference-focused hardware — including the Rebel-Quad (four-chip system) and Rebel100 NPU-based servers — and plans to use the proceeds to expand into the U.S. market and prepare for an initial public offering. CEO Sunghyun Park said the company is targeting large AI labs (e.g., Meta, xAI) for proof-of-concept trials and cited memory-chip supply constraints as a near-term challenge.