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Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
Reuters60d agoneutral
Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say

Amazon and Microsoft's cloud computing services should ‌be designated gatekeepers under EU ‌rules aimed at reining in the power ​of Big Tech, EU antitrust regulators said on Thursday. Amazon Web Services and Microsoft Azure, the two largest ‌cloud providers globally, ⁠should be designated gatekeepers under the Digital Markets Act ⁠which sets out a list of dos and don'ts to ensure ​a level ​playing field, ​the European Commission ‌said. The preliminary findings by the EU competition enforcer came after a seven-month long investigation.

Bloomberg60d agoneutral
SK Hynix ADR Plans Leave Arb Traders Waiting on One Key Answer

(Bloomberg) -- SK Hynix Inc.’s planned $29 billion US listing has arbitrage investors dissecting securities filings and peppering brokers with questions about a single unresolved issue: whether the Korean chipmaker’s American depository receipts can be freely exchanged for Seoul-listed shares, a feature that could determine whether price gaps persist between the two markets.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale b

Pizza Has Gone Cold. Domino’s Is Still Worth a Look.
The Wall Street Journal60d agoneutral
Pizza Has Gone Cold. Domino’s Is Still Worth a Look.

Pizza chains once owned a reliable American ritual: a sit-down dinner under a red-roofed Pizza Hut or a predictable Domino’s delivery on a lazy TV night. The growing American appetite for chain pizza made Domino’s Pizza one of the best restaurant stocks to own for decades.

Bloomberg60d agoneutral
Amazon Pledges Additional $13 Billion in India AI Outlays

(Bloomberg) -- Amazon.com Inc. added $13 billion to its planned India investments, accelerating its buildout of artificial intelligence and cloud infrastructure in the world’s most populous country.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 M

Lockheed Martin's U.S. Missile Contracts to Boost Earnings Per Share
Barrons.com60d agobearish
Lockheed Martin's U.S. Missile Contracts to Boost Earnings Per Share

Lockheed Martin's latest contract award from the U.S. Government adds to sales growth in the defense group's missiles division, Jefferies' Sheila Kahyaoglu wrote. The company signed a seven-year contract worth up to $35 billion for Terminal High Altitude Area Defense interceptor missiles. The contract follows another government award for a significant ramp up in Patriot missile production, the analyst noted.

Amazon to invest additional $13 billion in India cloud, AI
Reuters60d agoneutral
Amazon to invest additional $13 billion in India cloud, AI

Amazon said on Thursday it will invest an additional $13 billion by ‌2030 in India to expand its AI ‌and cloud infrastructure. The new investment is in addition to ​its planned $35 billion funding announced last year, taking the e-commerce firm's investment in the country to $48 billion through 2030. The announcement follows a meeting ‌between Amazon ⁠CEO Andy Jassy and Indian Prime Minister Narendra Modi on Thursday in ⁠New Delhi.

Stretched Tech Valuations Raise Questions on Capex, BofA Says
Bloomberg60d agoneutralVIDEO
Stretched Tech Valuations Raise Questions on Capex, BofA Says

Sebastian Raedler, head of European equity strategy at Bank of America, discusses his concern that the tech rally is overdone after US chipmaker Micron gained on a blockbuster sales forecast. "Who is going to pay for this capital expenditure that is basically fueling the Micron demand," Raedler asks during an interview on Bloomberg Television.

Stock Futures Surge as Micron Earnings Revive AI Trade
Barrons.com60d agobullish
Stock Futures Surge as Micron Earnings Revive AI Trade

Stocks looked set to rally after memory-chip maker Micron’s strong earnings and guidance breathed some life into the artificial-intelligence trade, which has stumbled in recent sessions. Nasdaq 100 futures jumped 2% on Thursday. S&P 500 futures gained 0.7%.