Navitas Semiconductor Corp (NVTS) reports a 22% revenue increase and strategic growth in high-power markets, while navigating legal disputes and rising operational costs.
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(Bloomberg) -- Taiwanese prosecutors have detained an Nvidia Corp. employee and searched the company’s offices as part of a widening probe into the alleged smuggling of AI accelerators into China, according to people familiar with the matter. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapASML Slides on Report of China Starting DUV Tool Production
Johnson & Johnson (J&J) has offered to pay $5.5bn (£4.13bn) to resolve tens of thousands of lawsuits in the US alleging its talcum powder caused ovarian cancer. The company said the settlement covers around 76,000 claims, having already settled most cases alleging its talc contained asbestos and caused mesothelioma. J&J's vice president of litigation, Erik Haas, said the move was motivated by a desire to get closure – describing the claims themselves as "meritless".
The company's second quarter was mixed, with a beat on revenue but a wide miss on profitability.
Nvidia has signed leases worth up to $50 billion for a data center in Texas that Hut 8 is building, the Financial Times reported on Tuesday, citing five people familiar with the deal. Reuters could not immediately verify the report. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sonia Cheema)
The report couldn't be more timely.
South Korea’s Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence. Oil prices fell more than 1%, while U.S. futures were little changed. Trading was temporarily halted as Kospi dropped to its lowest level since April as shares in chipmakers Samsung Electronics and SK Hynix dropped sharply.
Nvidia has signed leases worth up to $50bn for a massive Texas data centre, a previously undisclosed commitment that shines a new spotlight on...
Paramount Skydance, Uber and Stem fell to fresh annual lows on Monday amid growing regulatory, competitive, and financial concerns.
Investors were betting the S&P 500’s next leg higher would come from a broader rally, with more cyclical and speculative stocks joining the biggest winners. Morgan Stanley sees something else. Instead of spreading the risk, investors are apparently retreating toward high-quality ...
SINGAPORE, July 28 (Reuters) - Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little to lift
In the midst of an expensive AI transformation, the company is grappling with litigation that could cost it billions and force painful changes.
(Bloomberg) -- Silicon Valley leaders, including Anthropic PBC Chief Executive Officer Dario Amodei and Nvidia Corp. CEO Jensen Huang, are warning against a broad government crackdown on open-weight artificial intelligence systems as a response to a breakthrough Chinese AI model that’s challenged US leadership in the technology.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offse
South Korea's top financial regulator said on Tuesday that authorities would consider a cap on single-stock leveraged exchange-traded funds (ETF) investments for retail investors if needed, local media reports said. Lee Eog-weon, chairman of the Financial Services Commission, told a meeting with local brokerages and asset managers in Seoul that the regulator would review and prepare additional measures to curb the demand for the ETF products, such as putting a cap on total value of investments for each individual.
The artificial intelligence (AI) buildout has entered a new phase. Companies are no longer just buying chips in bulk. They now hunt land, power, and financing on a scale the tech industry rarely attempts. Nvidia (NVDA) sits at the center of that shift, and its next move could reshape how AI ...
Tesla’s vehicle sales recovered in the second quarter, but negative free cash flow, declining margins and increasing AI spending present new threats for TSLA investors. Tesla (TSLA) finally gave investors the car comeback they’ve been waiting for. But the profits and cash flow never came. Revenue ...
The company reports its highest quarterly profit while navigating increased expenses due to strategic investments in digital and brand technology.
South Korean chip stocks slumped on Tuesday, with Samsung Electronics and SK Hynix falling as much as 9.5% and 10.9%, respectively, as investors dumped AI-related bets amid mounting concerns over financing risks tied to AI infrastructure spending and intensifying competition from China. SK Hynix's U.S.-listed shares had already slumped overnight, closing at $143.02, below their initial public offering price of $149. The benchmark KOSPI was trading down 7.3% as of 0032 GMT.
(Bloomberg) -- South Korean stocks plunged, dragged by the nation’s memory chipmaking powerhouses as investor sentiment continues to worsen on the artificial intelligence boom.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPOASML Slides on Report of China Starting DUV Tool ProductionThe b
Every consumer technology gets a reputation before it gets a rulebook. The camera phone was a toy until it turned up as a courtroom exhibit. Rules arrive after behavior, and by then, the behavior already has an audience. Meta Platforms (META) has spent three years building the first real hardware ...
0014 GMT — Japanese stocks are lower in early trade following overnight drops in U.S. technology stocks. Uncertainty over the Iran conflict is also weighing on the market. Investors are closely watching crude oil prices and developments in the Middle East after Saudi Arabia said it had intercepted drones that Iran-backed militias in Iraq had launched at the kingdom’s oil facilities.
Upstart’s stock price has taken a beating over the past six months, shedding 40.1% of its value and falling to $27.06 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
By Yantoultra Ngui and Roshan Thomas SINGAPORE, July 28 (Reuters) - Chinese optical parts maker Zhongji Innolight said on Tuesday it had priced its Hong Kong listing at HK$980 per H share, raising HK$
Moby summary of Rambus Inc.'s Q2 2026 earnings call
Wall Street spent most of July bracing for a rough quarter for SLB N.V. (SLB), formerly known as Schlumberger Limited. Fighting in the Middle East had shut in wells, and oil prices were sliding amid U.S.-Iran peace talks. This caused six brokers to trim their price targets going into the ...
Cloud results will again be a major impacting force behind sentiment on AMZN and MSFT's earnings.
The company said it reached an agreement with firms representing plaintiffs in the outstanding talc cases to pay up to $3 billion in claim payments in 2027, with no further payments due before 2028.
The healthcare company said the agreement covers the remaining ovarian talc litigation in federal multidistrict litigation proceedings and related state court cases.
(Bloomberg) -- A $470 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPOASML Slides on Report of China Starting DUV Tool ProductionS
Starbucks has found the perfect mix of digital and human ordering. You can use the company's app to place your complicated order and know it will be made exactly the way you want. And people who don't want to use the app can stand in line or go through the drive-through to order from an actual ...