<p>SpaceX is going public on June 12 — nine days from now — at a valuation of approximately $1.75 trillion, which would make it the largest IPO in history. For ETF investors, the event is unavoidable: index rules will force an estimated $22–27 billion in automatic buying from funds tracking the S&P 500 and Nasdaq-100. Here's which ETFs will hold SpaceX, when they'll buy, and what the IPO means for your portfolio.</p>
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Foxconn Technology Group and Intel are partnering to develop artificial-intelligence infrastructure, aiming to address critical bottlenecks in modern data centers.
Investors are gearing up for Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh. Economists expect the report to show that U.
Partners Group shares slid 16% after the Swiss-based private-equity firm limited redemptions from a flagship private-markets fund. That sparked more worries about the health of the sector in general, driving stocks like KKR, Blackstone and Blue Owl down around 4% on Wednesday.
CRWD's Q1 FY27 call touts AI as a cybersecurity tailwind after a beat, lifts net new ARR outlook by $50M+, and announces a 4-for-1 split.
Quantinuum stock, with the ‘QNT’ symbol, will begin trading on the Nasdaq Global Market on Thursday.
Investor demand is being driven by SpaceX's upcoming $75 billion IPO and $1.8 trillion valuation target.
European stocks defied falls in the U.S. and Asia with banking, retail-focused companies and software stocks rallying. Travel and leisure stocks also gained.
When Nvidia CEO Jensen Huang makes his second visit to South Korea in just seven months this week, it won't be only to meet top memory chip and robotics executives, but to throw the first pitch at a baseball game and appear on a TV talk show. Samsung Electronics and SK Hynix between them make about 70% of the memory needed for AI chips like Nvidia's. And the country's strength in manufacturing and robotics sets it up to be a key player in physical AI, where AI is embedded in robots, cars and factories. "Nvidia's dependence on South Korean suppliers is rising," Jeff Kim, an analyst at Seoul-based KB Securities, wrote in a research note.
SK Hynix told investors this week it received "tremendously positive" feedback on its proposed U.S. listing as the chipmaker benefits from strong demand for advanced memory semiconductors needed to run AI data centers, a source familiar with the matter said on Thursday. SK Hynix told some investors this week that it had "tremendously positive" feedback from stockholders to its U.S. listing plan given AI demand and the company's competitive position in the memory-chip market, the person said. The company, a major supplier to Nvidia, expects a U.S. listing to broaden its investor base, as some U.S.-based institutional investors invest in U.S.-listed stocks only due to internal mandates, the person said.
The company said on Wednesday that it plans to list its shares at $135 each. The offering would value SpaceX at around $1.77tn (€1.56tn), making it one of the world's most valuable listed companies and potentially the largest IPO in history.View on euronews
Expect Starlink to be a major beneficiary of the SpaceX IPO.
TAIPEI, June 4 () - Taiwan's Foxconn announced on Thursday a strategic collaboration with Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms. Foxconn, the world's largest contract electronics manufacturer, said in a statement that the partnership aims to create comprehensive AI solutions spanning silicon, rack, system and application layers.
TAIPEI, June 4 (Reuters) - Taiwan's Foxconn announced on Thursday a strategic collaboration with Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing
Foxconn said on Thursday it will work with U.S. chipmaker Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Taiwan's Foxconn, the world's largest contract electronics manufacturer, said in a statement that the partnership would combine Intel's chip technology with Foxconn's manufacturing and system-building expertise. The companies plan to work on equipment used in AI data centres, including server racks powered by Intel Xeon processors and AI accelerator chips.
Dimon's investor push comes as SpaceX expands access to its IPO beyond traditional Wall Street buyers and into the retail market.
Veeva Systems Inc (VEEV) reports strong revenue growth and introduces Veeva Falcon, an AI-driven product set to revolutionize drug development processes.
C3.ai Inc (AI) outlines its path to recovery with strategic restructuring and a focus on sales execution amid financial challenges.
Broadcom Inc (AVGO) reports a 48% revenue increase, fueled by a 143% rise in AI semiconductor sales, despite margin pressures.
CrowdStrike Holdings Inc (CRWD) reports robust financial performance with significant ARR growth and announces a four-for-one stock split to enhance investor accessibility.
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Investors have multiple ways to get indirect exposure to SpaceX, even before the IPO.
Taiwan Semiconductor Manufacturing isn’t falling behind in next-generation chipmaking, its CEO said.
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Money is a story we agree to believe. A dollar buys a dollar's worth because we all act as if it does, and a company is worth whatever the next buyer will pay, not a penny more. For most of the past century, the biggest stores of that belief were countries and the giant public companies their ...
Oil prices fell back after surging Wednesday as renewed fighting threatened the U.S.-Iran ceasefire. Early Thursday in Asia, Brent crude was $1.17 lower at $96.64 per barrel, while benchmark U.S. crude oil shed $1.08 to $94.94 per barrel. Oil prices had climbed a day earlier after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones.
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Oil is up more than 50% since the Iran war began. The Strait of Hormuz is running at less than 10% of normal vessel traffic. And the world's largest energy companies are being asked to make billion-dollar decisions in an environment that has rarely been harder to read. On May 29, the CEO of one of ...