Business

Super Micro Computer Slides Ahead of Earnings as Analysts Debate Value Play or Trap

Super Micro Computer shares extend a three-month decline ahead of earnings as analysts split over whether the AI server maker is a value play or a value tr

Archer Aviation Shares Surge After Deal to Acquire Boeing’s Wisk eVTOL Unit

Archer Aviation shares jumped after agreeing to acquire Boeing's Wisk Aero and two subsidiaries, giving Boeing a near-20% equity stake in the combined firm

Intel Launches $15 Billion Stock Sale as Turnaround Rally Lifts Shares

Intel plans to sell about $15 billion in common stock after a 400% share rally, funding growth in AI, custom chips and advanced packaging.

Trump Pivots to Sanctions and Naval Blockade in Prolonged Iran Standoff Over Hormuz

The US is pivoting from military strikes to sanctions and a naval blockade against Iran as oil prices stabilise and the Strait of Hormuz crisis drags on.

TSMC Sales Surge 45% in July as AI Chip Demand Fuels Record Growth

TSMC posted a 45% surge in July revenue as demand for AI chips from customers like Nvidia and Google continues to drive record growth for the chipmaker.

Google Updates AI Principles, Removing Pledge Against Military and Surveillance Use

Google has updated its AI Principles, removing previous commitments to refrain from developing weapons and surveillance technologies that violate international norms. The revised guidelines...

Uber Reports Strong Q4 Revenue but Stock Drops Amid EPS Miss and Soft Guidance

Uber shares fell more than 7% after the company’s fourth-quarter earnings report showed strong revenue growth but missed earnings per share (EPS) expectations and...

Teladoc Acquires Catapult Health in $65M Deal to Expand Preventative Care

Teladoc Health shares rose nearly 6% after the company announced its acquisition of preventative care provider Catapult Health in an all-cash $65 million deal....

Alphabet Shares Drop 7% as AI Investment and Cloud Growth Raise Concerns

Alphabet’s stock fell 7.2%, marking its worst session since January 2024, after the company missed fourth-quarter revenue expectations and unveiled significant investment plans for...

AMD Shares Drop 6% Amid Disappointing Data Center Revenue

Advanced Micro Devices (AMD) saw its stock drop 6.3%, closing at $112.01, its lowest level since November 2023, after reporting data center revenue that...

Qualcomm Reports Strong Q1 Earnings and Positive 2025 Outlook

Qualcomm posted better-than-expected fiscal Q1 results, with strong revenue growth across its key markets. The company reported $3.41 in adjusted earnings per share, surpassing...

Salesforce Appoints Robin Washington as President, CFO, and COO

Salesforce has named Robin Washington as its new President, Chief Financial Officer, and Chief Operating Officer, effective March. Washington, a longtime board member and...

Disney Reports Strong Q1 Earnings Amid Streaming and Theme Park Challenges

Disney reported better-than-expected Q1 earnings, despite a slight decline in Disney+ subscribers. The streaming platform saw a 1% drop in total subscriptions, with international...

Immersive Sports Tech Company Cosm Expands with Global Ambitions

Cosm, an immersive sports-viewing technology company, is rapidly expanding across the U.S. and exploring international opportunities. The company has already built two dome venues...

Novo Nordisk Reports Strong Q4 Results and Optimistic 2025 Outlook

Novo Nordisk has faced challenges in recent months, including increased competition from Eli Lilly’s Zepbound and disappointing trial results for its obesity drug candidate...

Ford Reports Strong Q4 Earnings but Warns of Challenges Ahead in 2025

Ford Motor exceeded Wall Street expectations for the fourth quarter, reporting strong revenue and earnings. However, the company warned of a challenging year ahead...

LVMH Sees Watch and Jewelry Sales Rebound Amid Strong U.S. Demand

After a period of decline, LVMH’s watch and jewelry division experienced a rebound in sales during the latest quarter, with growth continuing into January....

Shein Boosts Product Safety Efforts as It Eyes London IPO

Shein is intensifying its efforts to improve its public image as the fast-fashion giant prepares for a potential London IPO later this year. In...

UPS Shares Drop 14% as Company Cuts Amazon Deliveries and Lowers Revenue Forecast

United Parcel Service (UPS) shares fell 14% after the company announced plans to reduce its Amazon delivery volume by more than half by the...

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