Increased spending on data center expansion and road building projects bolstered equipment sales during the second quarter.
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Philip Morris International said it is booking a roughly $500 million impairment charge in the second quarter to reduce the carrying value of its investment in Canadian affiliate Rothmans Benson & Hedges, or RBH.
The “Intel Inside” marketing campaign made Intel a household name and a ubiquitous personal-computer chip supplier in the 1990s. These days, “Nvidia Inside” has a lot more selling power. Intel shares fell yesterday after Nvidia unveiled a new line of PC chips, and are down a further 2% in premarket trading.
The retailer swung to a $47.7 million profit in the first quarter, from a $1.7 million loss a year earlier.
The company raised its full-year earnings guidance by $1 per share and said it is now two years ahead of its long-term financial plan
CrowdStrike is set to report earnings Wednesday afternoon, with the stock seen potentially extending its record rally following the results.
Michael Saylor, the founder of Strategy, has spent years urging his social-media followers to never sell bitcoin. “Sell a kidney if you must, but keep the bitcoin,” he urged early last year. Now his bitcoin-hoarding firm has decided to sell some of its holdings to stay solvent.
Philip Morris International (NYSE:PM) shares edged lower in premarket trading on Tuesday after the tobacco group reduced its full-year adjusted earnings guidance, reflecting the impact of an expected impairment charge and currency-related headwinds. The stock slipped around 1% before the opening bell as investors assessed the updated outlook.
Amazon was sued on Monday by a Virginia resident over what he said were privacy violations after the company's Ring doorbell cameras at friends and family members' homes collected and stored images of his face using facial recognition software. The plaintiff, Charles Sigwalt, who is seeking class-action status, sued Amazon in federal court in Seattle alleging a feature known as “Familiar Faces” retains images of passersby without their consent. Familiar Faces, which is optional, uses artificial intelligence to identify and remember people so that when they return to a home or a business, notifications can include specific names.
In 2019, while researching a book on the U.S.-China competition, I visited Huawei’s sprawling new R&D campus in Dongguan, a city about an hour’s drive from the company’s Shenzhen headquarters. A Huawei executive explained the design to me with a straight face: “We’re doing well in Europe.” In a Wall Street Journal interview that November, founder Ren Zhengfei invited President Trump to come visit and brushed off U.S. sanctions with characteristic bravado.
Find insight on Blackstone, Australian banks and more in the latest Market Talks covering Financial Services.
Intel laid out a strategy to capitalize on the latest shifts in artificial intelligence on Tuesday, reiterating its focus on the full-stack ecosystem as it looks to pull off a pivot to AI. Emphasizing value over single chips, Intel CEO Lip-Bu Tan outlined four pillars to meet modern software and hardware demands: PCs, edge and agentic AI, foundational data centers, and intelligence centers.
It is a golden rule of finance that what goes out must, at some point, come in. That’s why AI’s biggest spenders are starting to seek new ways...
U.S. stock futures point to small losses while markets in Europe and Asia were largely in positive territory amid AI fever versus Mideast disquiet.
(Bloomberg) -- Bitcoin dipped below $70,000 for the first time in almost two months, as concerns about the conflict in Iran and selling by major holder Strategy Inc. dented investor appetite.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found Guilty in Case That Spoo
Shares in Alphabet are down premarket after the Google parent unveiled a giant equity issue plan that underscored the epic bill for the AI buildout. The stock is down 2.5% premarket, enough to wipe more than $100 billion off the company’s market value.
Autodesk's Q1 beat highlights its planned MaintainX acquisition, pushing deeper into operations while tying AI to engineering-grade validation.
Microsoft will hold its annual software developer conference on Tuesday, where the company is expected to showcase new tools for developers building AI software for PCs and the cloud. In a keynote address in San Francisco, Microsoft CEO Satya Nadella is expected to outline how the technology company plans to compete both in the cloud, where it is both an investor and a rival to firms such as OpenAI, and increasingly on PCs. But OpenClaw, which has gained popularity in China and helped Microsoft's longtime rival Apple sell Mac computers, and other such tools are also risky for most businesses to use.
(Bloomberg) -- The White House said it will reduce tariffs on farm and construction equipment such as harvesters and forklifts, in an effort to boost investment in the industrial economy through next year.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found Guilty in
Investing.com -- Broadcom shares gained over 6% in premarket trading Tuesday after Alphabet unveiled plans to raise $80 billion in equity, a massive fundraise aimed at accelerating its AI infrastructure buildout.
Arm Holdings CEO Rene Haas said on Tuesday that it would be difficult to block the export to China of CPUs that are useful for AI because of their widespread use and as it would be difficult to block only AI CPUs. "CPUs are kind of like oil relative to the application space," Haas said in an interview with Reuters. Banning artificial intelligence CPUs would be nearly impossible because of the challenge of establishing specific performance thresholds and memory bandwidth limits as is possible with the graphics processing units (GPUs) made by Nvidia, Haas said.
STMicroelectronics is likely to decide on a further expansion of its Crolles chipmaking site in France by the end of 2026, as demand for silicon photonics used in AI data centres accelerates, its chief executive said on Tuesday. CEO Jean-Marc Chery, speaking at a conference in Geneva, Switzerland hosted by BNP Paribas, said the expected shift towards so-called near-package optics, where optical engines sit closer to processors, would require a capacity decision. (Reporting by Nathan Vifflin in Gdansk, editing by Milla Nissi-Prussak)
June 2 (Reuters) - The S&P 500 and the Nasdaq 100 futures edged lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment
By Amanda Cooper LONDON, June 2 (Reuters) - Global stocks rallied on Tuesday, buoyed by fresh AI optimism after Anthropic moved towards a U.S. stock market listing, while oil prices and bond yields
(Bloomberg) -- Extended positioning in US technology stocks is putting investors at risk of a reversal, according to Citigroup Inc. strategists. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found Guilty in Case That Spooked Short SellersSustained enthusiasm over the
The world’s only $5 trillion company can sell the concept that AI computing won’t be confined to data centers.
The numbers don't add up for SpaceX's astronomical IPO valuation.
Stocks often pop on their first trading day, but larger IPOs tend to the S&P 500 over time.
(Bloomberg) -- SK Hynix Inc. plans to double its memory chip capacity over the coming half-decade, a major expansion that should help ease a global shortage of an essential component of AI.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found Guilty in Case That Spooke