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SK Hynix (KRX: 000660) said it plans to raise about $28 billion through a United States initial public offering (IPO) as the South Korean memory chipmaker seeks to tap sustained investor demand tied to artificial intelligence infrastructure growth. The company will offer 17.79 million common...
SpaceX's stock has been on a wild ride since its IPO last month. But buckle up: More big moves could be ahead. Elon Musk's rocket company will officially join the Nasdaq-100 index tomorrow, following Nasdaq's decision to fast-track newly public megacap companies under new inclusion rules.
📣 “The surge in oil supply is about to collide with a market that, at least for now, simply does not need it.” —Natasha Kaneva, head of the global commodities strategy team at JPMorgan. Read more about how the oil market has gone from supply-crunch fears to a glut.
Microsoft said on Monday it is cutting about 2.1% of its workforce, or roughly 4,800 jobs, as the Windows maker restructures parts of its commercial and Xbox businesses, joining other tech giants in a wave of layoffs as companies shift investment toward AI infrastructure. The cuts highlight deepening concern among investors and economists that AI adoption will upend established industries, with job losses already emerging in sectors most exposed to automation.
Investing.com -- Piper Sandler defended its Overweight rating on Oracle in a note to clients on Monday, arguing the company could generate approximately $2.2 billion in Oracle Cloud Infrastructure revenue not currently captured in consensus estimates, based on the firm’s analysis of capital expenditure to data center capacity to revenue conversion.
Solstice Advanced Materials sees Element Solutions giving it "increased exposure" to the AI boom. The Honeywell spinoff tumbled on the news.
Wall Street enters the week with investors focused on the start of the second quarter earnings season, the Federal Reserve's latest meeting minutes and a handful of economic releases that could offer fresh insight into the outlook for interest rates, economic growth and the artificial...
Broadcom on Monday disclosed a five-year deal to supply custom processors to consumer electronics giant Apple.
Ondas acquired DZYNE Technologies via a combination of cash and stock for $875.8 million.
Over the past six months, Hasbro’s stock price fell to $80.55. Shareholders have lost 7.7% of their capital, which is disappointing considering the S&P 500 has climbed by 7.7%. This might have investors contemplating their next move.
Investing.com -- Microsoft Corp (NASDAQ: MSFT) announced Monday it is eliminating approximately 4,800 positions—about 2.1% of its global workforce—as the tech giant shifts resources toward high-priority growth areas. In an internal memo to staff, Executive Vice President and Chief People Officer Amy Coleman contextualized the restructuring around a rapidly evolving tech landscape. “Our business is changing because the world around it is changing,” Coleman wrote. “Companies don’t get to choose wh
Microsoft is cutting about 2.1% of its workforce, or roughly 4,800 jobs, the latest in a wave of tech layoffs as the Windows maker spends heavily on AI infrastructure and uses the technology to improve efficiency across its business. Big Tech's historic AI outlays, set to top $700 billion this year, are piling pressure on companies to show returns from the technology and offset the rising cost of rolling it out across their businesses. Microsoft announced the cuts on Monday following a rough stretch, with its shares falling nearly 23% in the first six months of 2026, their worst first-half performance since 2022.
Lam Research will release its fourth-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
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