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Paramount Is Pulling Every Lever to Sell LBO Debt
Bloomberg77d agobearish
Paramount Is Pulling Every Lever to Sell LBO Debt

(Bloomberg) -- Paramount Skydance Corp. stretched, then stretched, then stretched again in its audacious $110 billion takeover bid for Warner Bros. Discovery Inc.Most Read from BloombergAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarSingapore Hands Byju's Founder His First Ever Jail TermNow the companies

‘Dinosaur’ Tech Stocks Reborn as AI Fuels $1.7 Trillion Rally
Bloomberg78d agobullish
‘Dinosaur’ Tech Stocks Reborn as AI Fuels $1.7 Trillion Rally

(Bloomberg) -- They were all stars of the dot-com era before fading into the background as the bubble burst and a new generation of tech darlings rose to the forefront. But Dell Technologies Inc., Nokia Oyj and Lenovo Group Ltd. are back with a vengeance thanks to the unrelenting artificial intelligence spending boom.Most Read from BloombergStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseCVS Returns Zepbound to Drug Plans

Dell Shares Soar 40% After Outlook Tops Estimates on AI Boom
Bloomberg79d agobullish
Dell Shares Soar 40% After Outlook Tops Estimates on AI Boom

(Bloomberg) -- Dell Technologies Inc. shares gained almost 40% in extended trading after the hardware maker gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceIran’s Khamenei Says No Going Back for Middle Ea

Dell Shares Soar 40% After Outlook Tops Estimates on AI Boom
Bloomberg79d agobullish
Dell Shares Soar 40% After Outlook Tops Estimates on AI Boom

(Bloomberg) -- Dell Technologies Inc. shares gained almost 40% in extended trading after the hardware maker gave an outlook for annual sales that far surpassed analysts' estimates, fueled by demand for servers that power artificial intelligence work.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekIran's Khamenei Says No Going Back for Middle East Rocked by WarCVS Returns Zepbound to Drug Plans After Lil

Bloomberg79d agobullish
Dell Soars on Raised Outlook for $60 Billion in AI Server Sales

(Bloomberg) -- Dell Technologies Inc. shares gained more than 25% in extended trading after the hardware maker gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekIran’s Khamenei Says No Going Back for Middle East Rocked by WarUS, Iran Agree to 60-Day Truce Renewal Pe

SentinelOne provides tepid quarterly forecast, to cut 8% jobs
Reuters79d agoneutral
SentinelOne provides tepid quarterly forecast, to cut 8% jobs

Cybersecurity company SentinelOne forecast second-quarter revenue below analysts' expectations on Thursday and said it would cut ‌about 8% of its workforce as it looks to invest ‌in growth areas such as AI, data and cloud. • SentinelOne faces intense competition from larger rivals such as CrowdStrike and Palo Alto Networks, as well as from Microsoft, which is bundling security ‌features into its products. • ⁠Even as ransomware and nation-state threats boost cybersecurity demand, some corporate clients are tightening their budgets, scrutinizing ⁠deals and extending sales cycles.

Dell awarded $9.7B Department of Defense deal, shares gain
Proactive80d agoneutral
Dell awarded $9.7B Department of Defense deal, shares gain

Dell Technologies Inc (NASDAQ:DELL) shares rose about 7% on Wednesday after the US Department of Defense announced a five-year, approximately $9.7 billion enterprise software agreement involving Dell Federal Systems to provide and manage Microsoft-related software and cloud services for the US...

Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8
Reuters80d agoneutral
Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8

Anthropic on Thursday said it is launching an upgraded ‌Claude Opus 4.8 model even as ‌it works to release its powerful, market-moving Mythos model ​to all customers in the coming weeks. Mythos is the AI lab's large language model with advanced cybersecurity capabilities that have ‌raised concerns among ⁠executives and world leaders about its impact. As a part of Project ⁠Glasswing, major tech firms such as Amazon, Microsoft and Apple are permitted to ​use Mythos ​for cybersecurity purposes.

Microsoft to release new coding model next week, the Information reports
Reuters80d agoneutral
Microsoft to release new coding model next week, the Information reports

Microsoft will unveil a suite of new homegrown AI models next week at its annual "Build" conference for developers ‌in San Francisco, including a coding model to boost the ‌usage of its GitHub Copilot tool, the Information reported on Thursday. Microsoft declined to comment on the report. • Microsoft shares climbed ⁠on the report, and were last up nearly 3%.

Investing.com80d agoneutral
Microsoft stock rises 3% on push for in-house AI models

Investing.com -- Microsoft (NASDAQ:MSFT) shares rose 3% Thursday after The Information reported the company plans to release a new coding model next week as part of a broader push to reduce dependence on external AI partners.

Jim Cramer has bold new take on Elon Musk's SpaceX IPO
TheStreet80d agoneutral
Jim Cramer has bold new take on Elon Musk's SpaceX IPO

There is always one IPO that defines a generation of investors. For people who started buying stocks in the 1990s, it was Microsoft (MSFT) and Amazon (AMZN). For millennials, it was Facebook and Tesla (TSLA). Each one arrived with the same problem, a valuation that looked impossible right up until ...

From diapers to drugs: How India's global corporate hubs are putting AI to work
Reuters80d agoneutral
From diapers to drugs: How India's global corporate hubs are putting AI to work

May 28 (Reuters) - Whether they are recruiting the ideal "momfluencer" to sell diapers or trawling through reams of data to fast-track drug launches, global centers of multinational ‌firms in India are increasingly putting AI to work in creative ways. Heads of several Global ‌Capability Centres (GCCs) told Reuters they are deploying AI across a host of functions - from marketing and content creation to finance and human resources - ​to automate time-consuming, repetitive tasks that once require

Micron’s Cheap Stock Valuation Seen as a Contrarian Warning Sign
Bloomberg80d agoneutral
Micron’s Cheap Stock Valuation Seen as a Contrarian Warning Sign

(Bloomberg) -- Micron Technology Inc. is the third-best performer in the S&P 500 Index this year and at the same time one of the least expensive stocks in the market. While that dichotomy looks bullish on the surface, it may be more of a warning sign than a green light for investors.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil S

Nvidia Server Maker Wiwynn Sees AI Bottlenecks Beyond Memory
Bloomberg80d agoneutral
Nvidia Server Maker Wiwynn Sees AI Bottlenecks Beyond Memory

(Bloomberg) -- Wiwynn Corp., one of the biggest makers of Nvidia Corp. servers, warned of shortages developing in vital data center components beyond just memory chips, potentially slowing or inflating the cost of a global AI infrastructure buildout.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil Supertankers Exit Hormuz to Help Pu

Marvell’s Data-Center Boom Powers Earnings Beat—and a Stock Surge
Barrons.com80d agobearish
Marvell’s Data-Center Boom Powers Earnings Beat—and a Stock Surge

The data-center boom is still going strong for Marvell Technology The chip company reported better-than-expected first-quarter revenue and sees higher revenue than expected in the current quarter. Marvell reported revenue of $2.42 billion, compared with Wall Street estimates of $2.41 billion, according to FactSet. Adjusted earnings for the quarter of 80 cents per share were in-line with analyst expectations.

HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
Reuters80d agobullish
HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand

HP beat Wall Street estimates for second-quarter revenue and profit on Wednesday, driven by strong demand for ‌AI-optimized personal computers and the Windows 11 refresh cycle. PC makers ‌including HP, Dell Technologies and China's Lenovo Group are navigating a shortage of memory ​chips as data center buildout is sucking up capacity and triggering price increases of smartphones and PCs. That supply crunch is pushing some enterprises toward higher-margin premium devices during the Windows 11 upgrade cycle after Microsoft ended ‌support for Windows 10 in ⁠October last year.

Salesforce Earnings Can Put AI Fears to Bed, Give Stock a Lift
Bloomberg80d agoneutral
Salesforce Earnings Can Put AI Fears to Bed, Give Stock a Lift

(Bloomberg) -- While software stocks rebound from the artificial intelligence-driven wipeout earlier this year, Salesforce Inc. hasn’t really benefited. But its earnings after the close Wednesday could pull the company’s shares out of their malaise. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadEx-President Biden Sues to Stop DOJ Sharing I