ADVFN US – Market Content Editor
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Flex Expands Modular AI Data Centre Portfolio Ahead of Planned Axiom Spinoff in 2027
Flex (NASDAQ:FLEX) has introduced an expanded range of prefabricated modular data centre solutions designed to accelerate the deployment of artificial intelligence infrastructure, as the company prepares to separate its Cloud and Power Infrastructure business into an independent publicly traded entity. Announced on 12 October 2026, the new AI Modules combine power conversion, advanced cooling systems…
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Marvell Introduces Second-Generation CXL 3.2 Memory Expanders for AI Inference Workloads
Marvell Technology (NASDAQ:MRVL) has unveiled its second-generation Structera X 3406 and 3506 memory expansion controllers, designed to increase memory capacity, bandwidth and efficiency for artificial intelligence inference applications and large-scale data centre infrastructure. The new devices support Compute Express Link (CXL) 3.2 and PCIe Gen 6 connectivity, with Marvell describing them as the industry’s first…
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Texas Instruments Introduces Three Analog Chips to Support AI Data Centre Infrastructure
Texas Instruments (NASDAQ:TXN) has unveiled three new semiconductor products designed to address power monitoring, high-voltage distribution and signal timing requirements in artificial intelligence data centres. The products were introduced at the Open Compute Project (OCP) Global Summit in San Jose, California, as demand for AI computing infrastructure continues to increase the technical requirements of data…
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Starbucks Shares Rise 1.5% After Company Denies Chipotle Acquisition Reports
Starbucks (NASDAQ:SBUX) shares advanced 1.5% on Monday after the coffee chain rejected reports that it was considering an acquisition of Chipotle Mexican Grill (NYSE:CMG), ending speculation about a potential combination of the two restaurant companies. Chipotle shares fell 2.5% following the denial, reversing some of the gains generated by earlier takeover speculation. “Starbucks is not…
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AMD Introduces Helion Agentic AI Rack With Support From Major Technology Partners
Advanced Micro Devices (NASDAQ:AMD) has unveiled AMD Helion, a new rack-scale infrastructure platform designed to support agentic artificial intelligence workloads across hyperscale data centres and enterprise computing environments. Announced on 12 October 2026, the platform provides an open infrastructure blueprint based on an Open Compute Project (OCP) specification design, combining AMD processors, graphics processing units…
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World Steel Association Cuts 2026 Steel Demand Forecast Amid China Weakness and Middle East Conflict
The World Steel Association has lowered its global steel demand forecasts for 2026 and 2027, citing weaker consumption in China, a slower recovery in European construction and disruptions linked to the US-Israeli war with Iran. The industry organisation now expects worldwide steel demand to decline by 0.1% in 2026, reversing its April projection of 0.3%…
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Wall Street Futures Flat as Investors Await US Inflation Data and Major Bank Earnings: Dow Jones, S&P, Nasdaq
US stock futures pointed to a broadly unchanged opening on Monday, suggesting a cautious start to trading as investors prepared for important inflation figures and the beginning of a busy corporate earnings period. The subdued outlook followed Friday’s recovery on Wall Street, when the major indices advanced after experiencing selling pressure during the previous session.…
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First Tracks Biotherapeutics Shares Jump 20% After Positive Phase 1b Celiac Disease Trial Results
First Tracks Biotherapeutics (NASDAQ:TRAX) shares surged 20% on Monday after the biotechnology company reported positive top-line results from a Phase 1b clinical trial evaluating its investigational treatment ANB033 in patients with celiac disease. The study demonstrated statistically significant improvements across key measures of intestinal damage and disease symptoms compared with placebo, supporting further clinical development…
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DraftKings Faces Pressure as Susquehanna Flags Weak Sports Betting Margins in October
DraftKings (NASDAQ:DKNG) and other US online sports betting operators face potentially weaker revenue performance following unfavourable betting results during the fifth week of the NFL season and sixth week of college football, according to analysis from Susquehanna. The investment firm’s proprietary model indicates that bookmaker hold was unfavourable during the latest reporting week, raising concerns…
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Contineum Therapeutics Shares Surge 27% After Bristol Myers Squibb Reports Positive Phase 3 Trial Results
Contineum Therapeutics (NASDAQ:CTNM) shares climbed 27% in premarket trading on Monday after Bristol Myers Squibb (NYSE:BMY) reported positive Phase 3 clinical trial results for a pulmonary fibrosis treatment targeting the same biological pathway as Contineum’s lead drug candidate. Contineum shares were indicated at $16.99 before the market opened, compared with Friday’s closing price of $13.38,…