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🔎 Under the Radar: AtaiBeckley Stock Soars on Eli Lilly Deal
The Wall Street Journal21d agobullish
🔎 Under the Radar: AtaiBeckley Stock Soars on Eli Lilly Deal

Eli Lilly has struck a deal to buy mental-health-focused AtaiBeckley for an initial $2.8 billion, continuing a recent buying spree. Eli will pay $6.75 a share in cash for the biopharma company, a 26% premium to yesterday's closing price of $5.

UNH Stock Flashes Buy Signal On Massive Earnings Beat
Investor's Business Daily21d agobullish
UNH Stock Flashes Buy Signal On Massive Earnings Beat

UnitedHealth Group crushed Q2 earnings forecasts amid lower-than-expected benefit costs and gave a big boost to its full-year outlook. Humana, Centene and CVS Health all got a sizable lift from the warm reception for UnitedHealth's earnings report.

Investing.com21d agobullish
UnitedHealth shares surge on strong earnings beat and guidance

Investing.com -- UnitedHealth Group (NYSE:UNH) reported second quarter results that exceeded analyst expectations across earnings, revenue and guidance, sending shares up 7% premarket as investors responded positively to the healthcare giant's improved outlook.

AI Weekly: SK Hynix shares jump up and down, Apple sues OpenAI
Reuters Videos21d agobullishVIDEO
AI Weekly: SK Hynix shares jump up and down, Apple sues OpenAI

<body><p>STORY: From SK Hynix shares yo-yoing to Apple suing OpenAI...</p><p>This is AI Weekly.</p><p>:: AI Weekly</p><p>SK Hynix shares went on a wild ride after its U.S. listing last week.</p><p>Shares plunged 15% in trading on Monday, marking the South Korean chip giant's biggest one-day fall on record.</p><p>But the firm's stock bounced back almost 13% later in the week.</p><p>It followed gains made in U.S. tech stocks after softer-than-expected U.S. inflation data and upbeat analyst forecasts for AI memory demand.</p><p>Meta plans to produce AI chips this September.</p><p>That's according to a memo seen by Reuters.</p><p>The move would help Meta gain more independence from chip suppliers like Nvidia.</p><p>Apple sued OpenAI and two former employees.</p><p>The U.S. tech giant alleged misappropriation of its trade secrets to benefit the ChatGPT-maker's move into consumer hardware.</p><p>It accused OpenAI of orchestrating an effort to acquire and exploit Apple's confidential information through former employees, recruiting practices and supplier relations.</p><p>OpenAI said in a statement they "have no interest in other companies’ trade secrets."</p><p>IBM shares plunged by a quarter in one day.</p><p>Investors sold off after the U.S. tech company signaled the AI infrastructure boom has drawn spending away from the software sector.</p><p>IBM said it expected revenue to rise just 1% in the second quarter, falling short of Wall Street hopes.</p><p>The announcement added to worries over a software industry already rocked by the rise of AI tools.</p><p>And TSMC raised it forecast for capital spending by up to 14% for this year.</p><p>It comes after the chipmaker and major Nvidia supplier posted a 77% jump in second-quarter profit of $22 billion.</p><p>That was well ahead of market forecasts and the firm's ninth straight quarter of double-digit percentage growth.</p><p>Looking ahead, capital expenditure for this year is forecast to now be between $60 billion and $64 billion.</p></body>

Explainer-What are leveraged ETFs and how are they driving the AI rally?
Reuters21d agobullish
Explainer-What are leveraged ETFs and how are they driving the AI rally?

Exchange-traded funds have been a fixture of financial markets since the 1990s as a popular low-cost way for investors to buy baskets of stocks and trade them like shares on a brokerage account. Leveraged ETFs, which promise to multiply ‌the daily returns of their targets, have been around for two decades and are now exploding in popularity, particularly around the AI theme and ‌some of the companies at the forefront of hardware sales. Single-stock leveraged ETFs, which launched in the U.S. in 2022, are booming in Asia as a way to juice bets on South Korean chipmakers ​Samsung Electronics and SK Hynix and are driving so much money they are reshaping the market, lifting volatility and worrying regulators.

Bloomberg21d agobullish
Japan to Buy Nvidia Rubin Chips to Build Sovereign AI for Robots

(Bloomberg) -- Sign up for the Next Japan newsletter, for an inside view of the forces reshaping Japan, and what’s next for its businesses, markets and consumers.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOnePlus, Once Popular with Tech Fans, to Pull Out of US and EuropeTrump Drops 20% Fee for Hormuz Cargo After G

Bloomberg21d agobullish
Uber Agrees to Buy Delivery Hero in $14.8 Billion Deal

(Bloomberg) -- Uber Technologies Inc. has agreed to buy Delivery Hero SE in a deal that values the German food-delivery company at $14.8 billion.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOnePlus, Once Popular with Tech Fans, to Pull Out of US and EuropeTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUber

Uber Reaches Deal for $14.8 Billion Takeover of Delivery Hero
The Wall Street Journal21d agobullish
Uber Reaches Deal for $14.8 Billion Takeover of Delivery Hero

Uber Technologies agreed to acquire Germany’s Delivery Hero in a deal that values the German food-delivery company at $14.8 billion and seeks to strengthen the U.S. tech company’s footprint in international markets. The San Francisco-based company said Thursday that it entered into a combination agreement with Delivery Hero under which it will offer 41.50 euros a share in cash.

TSMC Q2 profit jumps 77% to record, far surpasses expectations
Reuters21d agobullish
TSMC Q2 profit jumps 77% to record, far surpasses expectations

TSMC, the world's largest ‌contract chipmaker, posted ‌a 77% jump in second-quarter ​net profit on Thursday, beating market forecasts and hitting a record, ‌riding ⁠the wave of surging global demand for ⁠its artificial intelligence processors. Taiwan Semiconductor Manufacturing ​Co, whose ​customers ​include Nvidia and ‌Apple, saw April-June net profit rise to T$706.6 billion ($21.99 billion). The profit handily beat a T$632.6 ‌billion LSEG ​SmartEstimate, which ​is ​weighted toward forecasts ‌from analysts who are ​more ​consistently accurate.