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Analysis-Europe's push to break Big Tech's grip tempered by internal debate
Reuters86d agoneutral
Analysis-Europe's push to break Big Tech's grip tempered by internal debate

European leaders are divided on how far to go in curbing Big Tech as they weigh momentous decisions over giving EU firms preferential access to mobile satellite spectrum and limiting large multinationals' access to EU cloud tenders. On Tuesday, ‌Reuters reported Brussels was likely to leave an opening for Elon Musk's Starlink and Amazon's low-earth-orbit satellite business Leo to acquire lucrative European ‌mobile satellite spectrum next year as a result of a compromise that will reserve the bulk of frequencies for European firms. A separate decision on EU cloud tenders set for June 3 is expected to ​temper the influence of U.S. firms such as Amazon, Alphabet's Google and Microsoft, which dominate the global cloud market with a combined 63% share.

Analysis-Samsung pay deal marks seismic change for South Korea, emboldening unions
Reuters86d agoneutral
Analysis-Samsung pay deal marks seismic change for South Korea, emboldening unions

The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip workers eye-popping bonuses. It also opens a Pandora's box for companies in South Korea - a country known for militant wage-bargaining. Unionised Samsung workers voted in favour of the government-mediated pact on Wednesday, marking the first big win for a Samsung union. ‌More significantly, it is only the second time that a major South Korean company has agreed in writing to reward workers with a fixed percentage of operating profit.

Nvidia CEO says Taiwan is 'epicentre' of AI revolution
Reuters86d agoneutral
Nvidia CEO says Taiwan is 'epicentre' of AI revolution

Nvidia CEO Jensen ‌Huang said ‌on Wednesday that Taiwan ​is the "epicentre" of the AI revolution and the island ‌will be ⁠the world's technology manufacturing hub ⁠for a long time to come. Huang ​was ​speaking ​at a ‌launch celebration in Taipei for the chip company's planned Taiwan headquarters, which he ‌said will ​break ground ​this ​year with ‌plans to become ​operational ​in 2030.

Memory Chip Frenzy Sends SK Hynix Into $1 Trillion Club
Bloomberg86d agoneutralVIDEO
Memory Chip Frenzy Sends SK Hynix Into $1 Trillion Club

The breakneck surge in memory-chip stocks is intensifying, sending the market capitalizations of SK Hynix and Micron Technology above $1 trillion for the first time, as investors bet the AI boom will lead to a sustained revaluation of the industry. Bloomberg's David Savage breaks down the trends.

Bloomberg86d agoneutral
BP’s Ousted Chairman Manifold Disputes Wrongdoing Claims

(Bloomberg) -- Former BP Plc Chairman Albert Manifold pushed back against what he described as a “false narrative” surrounding his surprise departure from the British supermajor. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivUS Strikes Targets in Iran Even as Trump Hails Progress on DealThese AI Gurus Are Charging Wall Street Bank

SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom
Reuters86d agoneutral
SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom

SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an AI-driven rally. Shares of SK Hynix closed ‌the session up 9.3%, after rising as much as 14.9% during the session to take the South Korean chipmaker's market value to a record ‌1,680 trillion won ($1.12 trillion) and propel the country's benchmark KOSPI index to a record high. Domestic rival Samsung surpassed $1 trillion in market value for the first time on May 6, while U.S.-listed Micron did ​so on Tuesday.

Bloomberg86d agoneutral
Fireworks AI in Talks for Funding at $15 Billion Valuation

(Bloomberg) -- Fireworks AI, a startup that helps companies run artificial intelligence models, is in talks to raise a new round of funding that would value the company at $15 billion, according to people familiar with the matter.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarRussia Tells US to Evacuate Its Diplomats and Citizens From KyivPutin Signs Law on Use of Army to Aid Russians Detained AbroadUS Strikes Targets in Iran Even as Trump Hails Progress

William Lauder Takes a $3.7 Million Loss on the Sale of His Manhattan Co-op
The Wall Street Journal86d agoneutral
William Lauder Takes a $3.7 Million Loss on the Sale of His Manhattan Co-op

PRIVATE PROPERTIES THE DEAL: Cosmetics billionaire William P. Lauder has sold a Manhattan co-op for $21.25 million—a $3.7 million loss from when he bought it three years ago.  THE BUYER: The buyers are financier David Rogers and Elizabeth Dexter, an interior designer, who own another co-op nearby, property records show.

Goldman Sachs gives harsh warning on market concentration
TheStreet86d agoneutral
Goldman Sachs gives harsh warning on market concentration

Goldman Sachs is sounding the alarm on what it sees as a dangerous concentration in the artificial intelligence-driven stock market rally. In a May 15 report, Goldman Sachs strategist Ben Snider said the S&P 500 has climbed 10% this year, but the gains have become heavily concentrated in ...

Zscaler Q3 Earnings Call Highlights
MarketBeat86d agoneutral
Zscaler Q3 Earnings Call Highlights

Zscaler (NASDAQ:ZS) reported stronger-than-expected fiscal third-quarter results, with management highlighting growth in annual recurring revenue, record operating margin and rising demand for its zero-trust security platform as enterprises adopt artificial intelligence tools. Chairman and CEO Jay

Zscaler (ZS) Q3 2026 Earnings Call Transcript
Motley Fool86d agoneutral
Zscaler (ZS) Q3 2026 Earnings Call Transcript

Including, but not limited to, the company's anticipated future revenue, annual recurring revenue, net new annual recurring revenue, operating margin, gross margin, operating profit, net other income, earnings per share, and free cash flow margin, our customer response to our products, our expectations regarding AI and its impact on our business and customers, and our market share and market opportunity and our objectives and outlook. First, we hide applications and data behind our zero trust exchange making them invisible from the Internet.

This Potato Tycoon Knew About Micron Before You Did
The Wall Street Journal86d agoneutral
This Potato Tycoon Knew About Micron Before You Did

Long before Micron Technology was one of the hottest commodities in the artificial-intelligence trade, it received $1 million from a potato tycoon named J.R. Simplot. Simplot, who died in 2008, invested in Boise, Idaho-based Micron in the early 1980s while it was still a nascent company in the computer-chip business. Micron on Tuesday crossed $1 trillion in market capitalization, the 12th U.S. company to reach that valuation and the first to be based in Idaho.