Broadcom is emerging as a major beneficiary of the rapid expansion in artificial intelligence infrastructure, with its AI semiconductor business posting strong growth and the company raising its long-term revenue outlook. The semiconductor and infrastructure software company expects AI revenue to reach $115 billion in fiscal 2027 and $230 billion in fiscal 2028, supported by
Anthropic, the giant company in the artificial intelligence (AI) space, is planning to launch the biggest IPO in the coming weeks. As this happens, more details, including banker selection and prospectus release date are coming out. Goldman Sachs and Morgan Stanley scoop major roles One of the closely-watched move whenever a company as large as
GoPro stock GPRO has surged in recent sessions after the struggling action-camera maker announced a $285 million cash merger with Starman Optical, a privately held photonics company. Earlier, YouTube creator Mark Fischbach, better known as Markiplier, revealed an 8.5% stake in the company, making him the single largest stakeholder in the company. GoPro shares have
Earlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic’s launch of new plugins for its Claude Cowork system in February sparked a global selloff in software firms, with the US markets alone losing $300 billion in market value
Volkswagen announced a painful restructuring, and investors responded by sending the shares sharply higher. The German automaker plans to eliminate another 50,000 jobs by 2030, taking planned reductions to about 100,000, while cutting its model range roughly in half. Volkswagen stock jumped about 7% in early Frankfurt trading on Friday after its supervisory board unanimously
Fighting between the US and Iran intensified around the Strait of Hormuz, pushing energy prices higher as concerns grew over prolonged disruption to global supplies. Waymo is nearing a deal to raise more than $3 billion in debt as Alphabet’s autonomous-driving unit seeks additional funding for expansion. Gold rebounded from a near one-month low as
US stocks rose on Wednesday as Treasury yields eased from recent multiyear highs, allowing the major indexes to recover part of their losses from a three-day losing streak. Investors also assessed higher oil prices, renewed US-Iran tensions and recent economic data for clues about inflation and Federal Reserve policy. The Dow Jones Industrial Average gained
Dell Technologies DELL shares fell over 4% on Tuesday ahead of the company’s quarterly earnings report, as broader market weakness and rising bond yields weighed on technology stocks. Inflation concerns and elevated oil prices have pushed yields higher in the US and overseas, raising questions about whether the Federal Reserve could tighten monetary policy later
US stocks ended lower on Monday as renewed military hostilities between the United States and Iran pushed oil prices higher and revived concerns about inflation and monetary policy. The decline came as investors prepared to close out a volatile August, with all three major indexes still on track to post monthly gains. The Dow Jones
Crude oil prices held in a tight range this week as investors focused on the stalemate between the US and Iran. Brent, the global benchmark, ended the week at $88.28 a barrel, while West Texas Intermediate (WTI) settled at $83.45. Both benchmarks remain more than 30% below their highs for the year, and key developments