Lam Research will release its fourth-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
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July 6 (Reuters) - Wall Street's main indexes opened higher on Monday, extending last week's rally as chip stocks rebounded, while investors looked ahead to central bank minutes and the start of the
(Bloomberg) -- President Donald Trump rang the opening bell for the New York Stock Exchange and the Nasdaq from the Oval Office on Monday, a celebratory event to mark the launch of Trump Accounts, a new investment vehicle for children.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From Motorists
(Bloomberg) -- Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Mi
Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well as consumer discretionary, transport and biotechnology shares. In a note dated Monday, the brokerage said hyperscalers — an industry term for tech companies that are spending big on data centers — could benefit from a rotation away from semiconductor stocks as the AI cycle shifts. Although the likes of Alphabet and Amazon have committed billions to scale up their AI infrastructure, skyrocketing the share prices of semiconductor companies, clear evidence that AI products can generate returns that justify the spending is yet to be seen.
Micron Technology and Ford Motor on Monday signed a long-term agreement to secure the supply for memory and storage platforms used in the automaker's next-generation vehicle production. This comes days after Micron's similar agreement with General Motors, as part of the chipmaker's ongoing investments to expand manufacturing in the United States for automotive customers, including its expansion of advanced DRAM production in Virginia. DRAM, or dynamic random-access memory, is a critical component for servers that power cloud computing, databases and AI workloads.
SK Hynix filed to offer ADRs in the US as it seeks to raise roughly $28 billion amid the AI boom.
(Bloomberg) -- Executives at some of Wall Street’s biggest names have faced a barrage of recent questions about whether artificial intelligence has crippled the value of their software investments.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsFIFA Allows Balogun to Play After Trum
CNBC’s Jim Cramer strongly endorsed a potential merger between Honeywell International‘s (NASDAQ:HON) spinoff Solstice Advanced Materials Inc. (NASDAQ:SOLS) and Element Solutions Inc. (NYSE:ESI) on Monday. Cramer Backs Megamerger Reacting to financial reports of a $27 billion tie-up, Cramer stated that shares of both companies could “go higher” because the combination “would create a chemical tech powerhouse.” He ultimately labeled the ongoing negotiations a “really smart deal.” Solstice to merg
First Bancorp’s 23.7% return over the past six months has outpaced the S&P 500 by 16.1%, and its stock price has climbed to $64.78 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Microsoft and Chipotle both crushed the market over the past decade, but their recent stumbles reveal two very different problems and two very different bets on what comes next.
Investors are assessing strong momentum for hardware companies in the first half of the year.
Investing.com -- Micron Technology Inc and Ford Motor Company announced Monday a long-term strategic customer agreement to strengthen the supply of memory and storage solutions for Ford’s next-generation vehicle production.
TeraWulf will partner with Anthropic to build an artificial-intelligence infrastructure campus in Kentucky that could generate $19 billion in revenue.
Gold rose for a third session early on Monday, climbing to a two-week high as Treasury yields retrea
Nike’s turnaround is showing signs of progress, but not enough for Wall Street to call it a clean comeback. And this is a problem for investors. The athletic giant is still one of the strongest brands in the world, with a major global sports presence and powerful franchises across running, ...
Rep. Dan Meuser and Rep. Gil Cisneros disclosed purchases of SpaceX stock days after the company's June 12 IPO, raising questions about their committee roles
Slower comparable sales and tariff concerns remain key risks.
Ford ranked No. 1 among mass-market brands in J.D. Power's initial quality study.
(Bloomberg) -- Honeywell International Inc. spinoff Solstice Advanced Materials Inc. will acquire Element Solutions Inc. in a cash-and-stock deal valued at about $14.5 billion, creating a market leader in the specialty chemicals sector.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From Motorist
Data center provider Csquare is targeting a valuation of up to $4.18 billion in its U.S. initial public offering, riding a wave of investor enthusiasm for companies expected to benefit from the AI boom. The Dallas-based company said on Monday it aims to raise up to $1.35 billion in the IPO by offering 50 million shares at $23 to $27 apiece. New listings in the U.S. have picked up after geopolitical tensions briefly cooled issuance earlier this year, while surging demand for AI computing infrastructure has boosted investor interest in data center operators.
Investing.com - U.S. stock index futures edged higher on Monday as investors returned from a long holiday weekend, with technology shares leading gains.
Broadcom said on Monday that the chipmaker and Apple have agreed to expand their partnership through 2031 to develop and supply a range of custom chips. Broadcom has been a long-standing supplier to Apple, providing key components, including custom radio frequency chips used in iPhones, Wi-Fi and Bluetooth connectivity chips, and other networking semiconductors. Apple is one of Broadcom's largest customers.
(Bloomberg) -- A violent rotation in the underbelly of a bullish stock market is extending the worst run for quantitative hedge funds since 2023. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutA long-short momentum str
(Bloomberg) -- Reddit Inc. is battling a new kind of spam: stealth marketing content created by brands that want to get mentioned by popular artificial intelligence chatbots like ChatGPT and Gemini.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbling Prices Re
Some S&P 500 companies' second-quarter earnings grew so fast — even analysts are having trouble keeping up.
"Warsh explicitly avoided policy guidance in the statement and press conference, so it seems unlikely that he would permit such guidance via the minutes," writes Englander, head of G-10 foreign-exchange research at the bank. Englander's prediction chimes with the way that Warsh, who spent more than a decade arguing that the Fed should say less, has approached his new post so far.