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Marvell Technology (NasdaqGS:MRVL) Expands AI Push With Nvidia Deal And Two Acquisitions
Simply Wall St.70d agoneutral
Marvell Technology (NasdaqGS:MRVL) Expands AI Push With Nvidia Deal And Two Acquisitions

Marvell Technology (NasdaqGS:MRVL) agreed to issue equity to Nvidia as part of a wider collaboration focused on AI data center infrastructure. The company announced acquisitions of Celestial AI and XConn Technologies to deepen its capabilities in connectivity and custom silicon for AI workloads. Nvidia CEO Jensen Huang publicly endorsed Marvell, highlighting closer alignment in serving hyperscale data center customers. For investors tracking AI infrastructure plays, Marvell Technology now...

OpenAI IPO delay sends AI tokens crashing
TheStreet70d agobearish
OpenAI IPO delay sends AI tokens crashing

Cryptocurrencies tied to decentralized artificial intelligence sold off on June 26 as reports surfaced that OpenAI is leaning toward delaying its initial public offering (IPO). As per The New York Times, the maker of ChatGPT is reportedly planning to hold off until next year. People ...

OpenAI vs. Anthropic: The Race to IPO Before the AI Hype Peaks Is On
24/7 Wall St.70d agoneutral
OpenAI vs. Anthropic: The Race to IPO Before the AI Hype Peaks Is On

On CNBC’s Closing Bell Overtime Thursday, the conversation circled back to the question every AI investor is now asking out loud. When do OpenAI and Anthropic stop pretending they want to stay private? The reporters laid out a clock that is mostly running on revenue physics. Anthropic’s revenue is up roughly 4x from last year, ... OpenAI vs. Anthropic: The Race to IPO Before the AI Hype Peaks Is On

OpenAI’s IPO Delay Could Be the Biggest Warning Yet for AI Investors
24/7 Wall St.70d agoneutral
OpenAI’s IPO Delay Could Be the Biggest Warning Yet for AI Investors

The AI trade has gone from unstoppable to unpredictable in a matter of weeks. After driving one of the strongest rallies in market history, artificial intelligence stocks have run into a wall of rising valuations, growing capital spending concerns, and a string of volatile IPOs. Earlier this week, I suggested the changing market mood might ... OpenAI’s IPO Delay Could Be the Biggest Warning Yet for AI Investors

Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year
24/7 Wall St.70d agoneutral
Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year

The ARK Space Exploration & Innovation ETF (CBOE:ARKX) has become a popular parking spot for investors seeking space exposure without waiting for the SpaceX IPO. With Elon Musk’s rocket company reportedly headed toward a public listing at a valuation north of a trillion dollars, retail demand for a single ticker capturing the theme has surged. ARKX, with ... Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year

This Week In AI Chips - Onsemi Expands Into Physical AI With Synaptics Acquisition
Simply Wall St.70d agoneutral
This Week In AI Chips - Onsemi Expands Into Physical AI With Synaptics Acquisition

onsemi has announced its agreement to acquire Synaptics for approximately $7 billion, signaling a significant expansion into "Physical AI" systems. This acquisition is part of onsemi's strategic initiative to enhance its capabilities by integrating Synaptics’ Edge AI compute solutions, which will help onsemi address broader end markets including automotive and industrial sectors. The transaction is expected to position onsemi at the intersection of power, sensing, connected computing, and...

ON Semiconductor Joins ‘Edge AI’ Market With $7 Billion Acquisition. The Stock Falls.
Barrons.com70d agoneutral
ON Semiconductor Joins ‘Edge AI’ Market With $7 Billion Acquisition. The Stock Falls.

ON Semiconductor has agreed to buy internet-of-things company Synaptics as it vies to bring artificial-intelligence from data centers into the physical world. Synaptics shareholders will receive 1.35 shares of Onsemi stock for each Synaptics share in the all-stock deal, representing an enterprise value of around $7 billion. Onsemi stock dropped 14% to $102.35 in premarket trading Friday.

Eli Lilly (LLY) Acquires Centessa Pharmaceuticals to Advance Orexin Receptor 2 Agonists
Insider Monkey70d agoneutral
Eli Lilly (LLY) Acquires Centessa Pharmaceuticals to Advance Orexin Receptor 2 Agonists

Eli Lilly and Company (NYSE:LLY) is one of the best stocks for beginners to buy now. On June 24, Eli Lilly completed its acquisition of Centessa Pharmaceuticals, aiming to advance the development of orexin receptor 2 agonists. This new class of medicine is designed to treat narcolepsy and other sleep-wake disorders by targeting the brain’s […]

Investing.com70d agoneutral
Open AI IPO delay; SpaceX mulls mobile networks - what’s moving markets

Investing.com - U.S. stock futures were mixed on Friday as investors remain cautious after another difficult week for technology stocks. Reports that OpenAI may delay its highly anticipated stock market debut added to concerns around lofty AI valuations, while Apple’s recent price hikes continued to weigh on sentiment.

Bio-Techne (TECH) Soars 20% on Merck $11.3B Merger
Insider Monkey70d agobullish
Bio-Techne (TECH) Soars 20% on Merck $11.3B Merger

Bio-Techne Corp. (NASDAQ:TECH) is one of the 9 Stocks Winning by Double Digits. Bio-Techne rallied for a third straight day on Thursday, surging 20.08 percent to close at $70.70 apiece, as investors gobbled up shares following news that it is merging with pharmaceutical giant Merck for $11.3 billion. In a statement, Bio-Techne Corp. (NASDAQ:TECH) said […]

AMD (AMD) Acquires MEXT To Tackle AI Memory Bottlenecks In Data Centers
Simply Wall St.70d agoneutral
AMD (AMD) Acquires MEXT To Tackle AI Memory Bottlenecks In Data Centers

Advanced Micro Devices (NasdaqGS:AMD) has agreed to acquire MEXT, a company focused on AI driven memory optimization. The deal is aimed at addressing AI memory bottlenecks in data centers by integrating predictive memory technology into AMD’s platform. This move is positioned to broaden AMD’s data center capabilities and support enterprise AI infrastructure customers. For investors watching AMD’s push into data center and enterprise AI, the MEXT acquisition focuses on one of the less talked...