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(Bloomberg) -- Memory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan’s largest company by market value, underscoring how the global artificial intelligence boom is reshaping the country’s corporate landscape. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE

Nvidia has told Chinese clients that its new "Vera" central processors for AI data centres could be available as soon as August and that they can begin placing orders, three sources familiar with the matter said. Nvidia's market share in China has effectively fallen to zero, its CEO Jensen Huang said in October, hurt by U.S. export controls on advanced ​chips and Beijing's push for self-reliance in key technologies. The move also raises the stakes in its competition with major CPU firms Intel and AMD, which are racing to increase supplies of server CPUs for AI data centres.

(Bloomberg) -- Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Fa

Yields are stable, Fed interest-rate cuts are off the table, and increasing market volatility is adding to the allure of cash-like investments.

(Bloomberg) -- Shadow markets are pricing a blockbuster SpaceX stock debut, indicating a pop of at least 35% for Elon Musk’s rocket, satellite and AI company.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsDerivatives offered by o

Investment bank Oppenheimer Holdings Inc. (NYSE:OPY) has launched the first coverage of commercial space flight company SpaceX on Wall Street, predicting a near 41% upside for the Elon Musk-led company ahead of Friday’s IPO. Oppenheimer Sets $190 Price Target In a new investor note released on Thursday, the investment bank set a price target of $190 for SPCX, a nearly 41% upside compared to the IPO offer price of $135/share. Read Also: SpaceX IPO Valuation Is Worth More Than Boeing, RTX, GE Aero

(Bloomberg) -- Bayer AG shares are facing a make-or-break few weeks, with two upcoming court developments key to stemming a more than $60 billion wipeout in market value since the German company’s ill-fated purchase of Monsanto eight years ago.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy Targe

For decades, Walmart has built its reputation on helping shoppers stretch every dollar. Its price points, brand range, and product assortment have all reflected that budget-friendly strategy. More recently, however, the chain’s been experimenting with a shift toward premiumization. From adding ...

The head of Taiwan's TSMC, the world's largest contract chipmaker, said on Friday that what his company lacks most is talent, ‌while also worrying about water shortages. Taiwan produces most of the advanced chips powering ‌the AI revolution, but the industry has long complained about what executives call the "five shortages" - water, power, labour, ​land and talent. Speaking at a rain-drenched ceremony for a new science park in southern Taiwan's Pingtung, TSMC CEO C.C. Wei said he was happy about the weather.

Adobe Inc (ADBE) reports robust financial performance with significant growth in AI-driven products, while navigating strategic transitions and freemium model expansion.

More than £75bn has been ploughed into SpaceX shares by armchair investors before the rocket company’s stock market debut on Friday.

SpaceX needs to capitalize on one key opportunity to justify its IPO valuation.

Asian chip stocks rebounded, capping a roller coaster week amid geopolitical volatility, concerns over inflation and worries over a bubble in artificial-intelligence-related stocks.

<body><p>STORY: SpaceX has officially priced its stock market listing at $135 per share.</p><p>The IPO has raised a record $75 billion for the rockets and AI firm, and sees it valued at $1.77 trillion.</p><p>That immediately makes it one of the world’s most valuable firms, and makes founder Elon Musk the world’s first trillionaire.</p><p>Shares in the company will now begin trading Friday (June 12) on the Nasdaq.</p><p>Whether $135 is the right price, however, that’s another matter.</p><p>Morningstar analyst Nicolas Owens is among those who think&nbsp;it looks high:</p><p>“We value it at $63 a share, which is the blended average of a range of scenarios that can be as high as $154 if you believe everything will go right and data centers in space are highly competitive. Or as low as a $40 a share if you really are just getting the rockets and Starlink, and the AI doesn't work out, so to speak.”</p><p>Owens says everything will have to go perfectly for SpaceX in future years to justify the sky-high valuation.</p><p>That includes its pledge to dominate industries that don’t even exist yet, such as data centers in space.</p><p>If the share price does fall, many small investors will feel the pain, with 30% of the offering reserved for retail buyers.</p><p>That’s far more than normal for a major IPO, and likely a move to capitalize on Musk’s cult-like following.</p><p>Morningstar’s Owens argues investors should wait to see how the company fares:&nbsp;</p><p>"Everyone will be monitoring these operational milestones around Starship reusability, the commercial model for data centers in space. And so, as you get more information on those, could be good, could be bad, but, we think it's probable that investors would have a better margin of safety at some future point.”</p><p>Other concerns include Musk’s unusual dominance over decision-making.&nbsp;</p><p>The IPO has been structured to give him 82% of voting power, leaving shareholders with little say.</p><p>SpaceX also remains unprofitable, having posted a loss of close to $5 billion last year.</p><p>While its Starlink satellite internet business is in the black, its AI unit is deep in the red amid huge costs to develop the new technology.</p><p>So far, however, none of that seems to have worried Musk’s eager investors.</p></body>

The S&P 500 index is sticking to its rules, but other indexes are making changes to add SpaceX as quickly as possible.

Bitcoin ETFs posted a record $4.4B outflow streak. Trump's Iran deal lifted BTC 3%, but the Fed meets June 16.

Industrial action by South Korean truck drivers tasked to transport concrete is raising ‌concerns over possible delays to major semiconductor plant ‌expansion projects by Samsung Electronics and SK Hynix, South Korean media reported ​on Friday. The National Ready-Mixed Concrete Transport Workers' Union suspended deliveries in the Seoul metropolitan area starting on Monday, a work stoppage it said would involve around 8,000 members as ‌it demanded higher rates ⁠and other changes. Participating union members also blocked deliveries on Thursday from two concrete plants in ⁠Pyeongtaek, halting the pouring of concrete at the construction site for Samsung Electronics' chip plant, the Chosun Ilbo reported.

There is a pattern in technology spending cycles that Goldman Sachs thinks is repeating right now, and investors who recognize it early tend to be rewarded. When cloud infrastructure scaled between 2015 and 2020, security spending lagged by approximately 2 years before inflecting from less than 1% ...

Broadcom dropped nearly 15%, despite reporting solid numbers.

Cathie Wood built a controversial reputation through high-conviction, concentrated bets on disruptive technologies. Electric air taxis were one of those bets, with Archer Aviation (ACHR) being among her biggest. That changed on Monday, June 8, 2026. Wood's firm, ARK Invest, sold 2,222,392 shares of ...

Thirty years ago, having a six-figure income meant you could live comfortably, with all the accoutrements of wealth. These days, it’s just enough to make you a regular shopper at Dollar General. As inflation continues to rise and economic headwinds continue to squeeze household budgets, the “value ...

The biggest catalyst for markets on Friday is the SpaceX IPO, set to debut on the Nasdaq under the ticker SPCX.

The jump in sales tax receipts in the Louisiana parish provides a new talking point in the debate over the AI construction boom.

The biggest IPOs ever are coming, but historically, this period calls for caution, and these deals, in particular, may need some seasoning.

Elan Microelectronics Corp (TPE:2458) focuses on security and commercial markets while lacking clarity on financial performance and future projections.

Elon Musk’s   SpaceX is set to make its stock-market debut Friday in the largest IPO ever—and perhaps the most closely watched. SpaceX executives are set to ring the Nasdaq’s opening bell in New York, but shares in buzzy initial public offerings don’t tend to start trading until later in the day. Bankers leading an IPO typically want to match buyers and sellers for about 10% of the shares sold before opening trading to lessen volatility.

SpaceX has locked in its IPO at $135 per share, raising $75 billion from the sale of 555.56 million shares and valuing the company at $1.77 trillion.

Oppenheimer analysts argued that keeping the two companies separate would better support Elon Musk’s long-term artificial intelligence ambitions.

Amazon (AMZN) has spent years establishing one of the most formidable cloud businesses in the world, but the artificial intelligence explosion is requiring every big cloud provider to face a tougher question. No longer is it enough to rent out computational power. Customers are now looking for ...

Adobe (NASDAQ:ADBE) reported record fiscal second-quarter revenue and raised its full-year revenue outlook, while executives outlined a strategic shift toward more aggressive freemium user acquisition across Acrobat, Express and Firefly that is expected to weigh on second-half annual recurring reven