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The offering would be one of the biggest share sales in history, comparable to Saudi Aramco’s 2019 initial public offering and surpassing Alibaba’s U.S. ADR offering in 2014. Micron Technology shares were up about 10% in aftermarket trading. The chip maker reported fiscal third-quarter results after the close that beat consensus revenue and earnings estimates.
Investing.com - Qualcomm Incorporated (NASDAQ:QCOM) unveiled its Dragonfly C1000 data center CPU and secured Meta Platforms as its first major customer on Wednesday, announcing a strategic multi-generation supply agreement at its Investor Day 2026 in New York City. Despite the milestone announcements, Qualcomm shares are trading at $193.61, down 5.15% on the session, as investors weigh the near-term cost of a separate ~$4 billion acquisition against data center revenue that won’t arrive until th
BlackRock (NYSE: BLK) recently recommended Bitcoin (BTC) as a "complementary diversifier" for potentially higher investment returns as the leading cryptocurrency's role in portfolios evolves. Michael Gates, BlackRock's Head of Model Portfolios Solutions, Americas, Multi-Asset Strategies and ...
Honeywell's aerospace spinoff will be added to the S&P 500 index next week, while IES Holdings, a data center electric power provider, is going into the Midcap S&P 400. Both stocks rallied. Honeywell Aerospace will be officially in the S&P 500 at the start of trading on Monday, S&P Dow Jones Indices announced late Tuesday.
Micron (MU) reported third quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $25.11 (compared to analyst estimates of $20.49), and revenue came in at $41.46 billion (compared to analyst estimates of $35.69 billion). Yahoo Finance's Josh Lipton takes a closer look at the breaking numbers and guidance.
MEXT bridges the gap between low-cost flash memory and expensive DRAM, helping data centers improve their efficiency as a result.
The stock market is hitting record highs amid an oil shock, rising inflation, and tanking consumer sentiment. But everyone, even billionaires, is going all-in on AI.
Cerebras Systems (CBRS) posted its first earnings report as a public company on Tuesday, and the numbers pulled in opposite directions. Revenue nearly doubled. The stock fell anyway, dropping 10.5% in extended trading, according to a Seeking Alpha report. The disconnect is the story. Cerebras ...
Micron Technology forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that insatiable demand for AI-related infrastructure will continue to drive strong demand for its memory chips. Shares of the company rose around 4% in extended trading. The company expects fourth-quarter revenue of $50 billion, plus or minus $1 billion, compared with analysts' average estimate of $43.58 billion, according to data compiled by LSEG.
(Bloomberg) -- All of the biggest US banks cleared the Federal Reserve’s annual stress test, setting the stage for lenders to boost buybacks and dividends. 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 WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesChipmakers Fall Anew in Run-Up to Micron’s Results: Markets WrapThe Debasement Trade Is Unraveling and Kevin Warsh Is One Big Rea
Would rising rates change the calculus for the big banks?
Drug companies have found promising new options for one of the most aggressive and hardest-to-treat forms of breast cancer after decades with few breakthroughs. Gilead Sciences won Food and Drug Administration approval Wednesday to sell its drug Trodelvy as a first treatment for newly diagnosed patients with the advanced form of a type of breast cancer known as “triple negative” because it has characteristics that render common treatments ineffective. It is the second such approval in about a month: AstraZeneca and Daiichi Sankyo rival drug, Datroway, was approved for a similar group of patients in May.
Advanced Micro Devices (AMD) stock closed at $519.85 on June 23, down 5.76%. The stock was caught in the tech sector sell-off, as reported by Yahoo Finance. This drop is probably just a small hiccup, given how the stock has performed over the longer time frame and the bullish analyst consensus. The ...
Higher interest rates will generate tailwinds and headwinds for the financial data giant.
(Updates with Pfizer's response in the last two paragraphs.) Pfizer (PFE) has been dismissed as a
Johnson & Johnson (JNJ) just told Wall Street it will sit out the most lucrative drug race of the decade. The decision came straight from the top, at a public event in Washington, on June 16, and it surprised investors who assumed a large drugmaker like J&J would want a piece of the ...
The companies are combining to create what they called the largest distributed power plant in the country.
<body><p>STORY: Shares of FedEx fell Wednesday morning after the company posted lower margins in its core delivery segment.</p><p>That raised investor doubts about its future following the spinoff of its highly profitable trucking unit.</p><p>In a bid to focus on its delivery business, FedEx spun off its trucking unit, FedEx Freight, earlier this month. </p><p>The slimmed-down company is under investor scrutiny to bolster profits and reduce costs, which have climbed for employee salaries and benefits as well as for outsourced transportation and fuel.</p><p>U.S. logistics firms including UPS and FedEx have been battling volume decline due to changing U.S. trade policies, while the Iran war has pushed fuel prices higher.</p><p>Also weighing on volumes is the loss of duty-free "de minimis" treatment for low-value e-commerce shipments tied to China-linked discount sellers, such as Shein and Temu.</p></body>
Railroad companies Canadian National Railway (CNI), CSX (CSX), and Union Pacific (UNP) are well-posi
Mizuho reiterated its Outperform rating and $320 price target on Oracle after the company’s fourth-quarter results.Oracle’s cloud infrastructure business is growing quickly, but investors are focused on capital spending, debt, and free cash flow.The bigger question is whether the demand for ...
Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips. Analysts expect the San Diego-based company to name new customers for its AI chips as it tries to gain a foothold in a market dominated by Nvidia. The shift reflects mounting pressure in the smartphone market, where Qualcomm is one of the world’s largest chip suppliers to Android device makers.
FedEx is slowly redeploying its fleet of MD-11 aircraft that were grounded for seven months following the fiery crash of a UPS freighter, but has also decided to retire 10 aging aircraft. The post More FedEx MD-11 cargo jets return to service, others are retired appeared first on FreightWaves.
Investing.com -- Cerebras Systems CEO Andrew Feldman said Wednesday that investors "misunderstood" the artificial intelligence chipmaker's margin guidance after shares fell more than 17% following the company's first earnings report since going public.
The companies inside this popular semiconductor fund are signaling a clear direction for their earnings, and it's worth paying attention.
(Updates prices in the second and final paragraphs.) Gold traded at a seven-month low midafternoo
The life sciences giant is transforming its diagnostics segment with its acquisition of Masimo Corporation, shifting from traditional laboratory testing into patient-connected, real-time data streams.
The Chinese tech giant Alibaba has sued the U.S. Department of Defense, demanding that it be removed from the Pentagon's list of Chinese military companies that prohibits them from landing U.S. defense contracts and carries reputational damage. In the petition filed this week in the San Jose division of the U.S. District Court in the Northern District of California, Alibaba, which is publicly traded on the New York Stock Exchange, argued that the designation, announced on June 8, has “no basis in fact or law" and that the Pentagon failed to reach its conclusion through any fair process. It is the latest lawsuit by a Chinese company against the Pentagon over such national security labels.
Buying furniture has been a harder sell for retailers over the past few years. When mortgage rates are high and home sales slow, consumers feel stretched. That tends to make shoppers delay big home purchases. A couch, dining set, bed frame, or outdoor patio set can usually wait longer than ...
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