Author: Fiona Craig
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TSMC Sees Strong Long-Term Growth as AI Demand Continues to Accelerate (TSM)
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) remains confident in its long-term growth trajectory, with Chief Executive C.C. Wei highlighting sustained demand for advanced computing infrastructure and cutting-edge semiconductors driven by the rapid expansion of artificial intelligence. Speaking at the company’s annual shareholder meeting on Thursday, Wei said customer sentiment toward AI-related spending remains highly positive, reinforcing…
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Meta Pushes Back Developer Release of New AI Model Amid Ongoing Testing (META)
Meta Platforms (NASDAQ:META) has reportedly postponed the release of its latest artificial intelligence model to external developers several times, according to a report from The Wall Street Journal, raising questions about the timing of the company’s next major AI rollout. The report said the delay has now extended to nearly two months after Meta’s head…
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Broadcom Shares Slide as Revenue Miss and AI Outlook Disappoint Investors (AVGO)
Broadcom (NASDAQ:AVGO) came under pressure in after-hours trading after reporting second-quarter results that fell slightly short of Wall Street expectations and maintaining its long-term artificial intelligence revenue targets rather than raising them. The semiconductor group reported second-quarter revenue of $22.19 billion, marginally below analysts’ consensus forecast of $22.27 billion. The results arrive as Broadcom continues…
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Intel and Foxconn Join Forces on AI Infrastructure Development (INTC)
Intel (NASDAQ:INTC) and Taiwanese manufacturing giant Foxconn (USOTC:FXCOF) have announced a strategic collaboration aimed at developing next-generation artificial intelligence infrastructure and intelligent computing platforms, positioning both companies to benefit from rising global demand for AI-powered computing solutions. The partnership was well received by investors, with Intel shares climbing 4.43% on Wall Street to close at…
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U.S. Futures Mixed as Middle East Diplomacy, Broadcom Earnings and SpaceX IPO Capture Investor Attention: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded in mixed territory on Thursday as investors balanced renewed diplomatic developments in the Middle East against corporate news from major technology companies and the upcoming public debut of SpaceX. By 03:32 ET, Dow Jones futures were up 122 points, or 0.2%, while S&P 500 futures slipped 0.2% and Nasdaq 100 futures…
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Guardian Metal Resources Expands Pilot Mountain Footprint With Discovery of New Tungsten Target (GMTL)
Guardian Metal Resources (AMEX:GMTL) (USOTC:GMTLF) (LSE:GMET) has identified a previously unrecognised tungsten-bearing zone at its wholly owned Pilot Mountain project in Nevada, adding a new area of mineralisation outside the project’s existing resource base. The newly named Tremor Zone was encountered during condemnation drilling carried out to support infrastructure planning for Pilot Mountain’s ongoing pre-feasibility…
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Medtronic Shares Slip Despite Earnings Beat as Fiscal 2027 Outlook Disappoints (MDT)
Medtronic plc (NYSE:MDT) traded modestly lower in premarket activity on Wednesday after issuing fiscal 2027 earnings guidance that fell short of analyst expectations, overshadowing quarterly results that exceeded Wall Street forecasts. While the medical technology company delivered stronger-than-expected revenue and earnings for its fiscal fourth quarter, investors focused on a more cautious profit outlook for…
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AT&T Teams Up With Disney and Pixar on Toy Story 5 Promotional Campaign (T)
AT&T Inc. (NYSE:T) has launched a new marketing partnership with Disney (NYSE:DIS) and Pixar centered on the upcoming release of Toy Story 5, combining original advertising content, retail activations and community-focused events ahead of the film’s theatrical debut on June 19. The campaign is designed to engage families through a mix of in-store experiences, exclusive…
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IREN Secures Grid Connection for 800MW Australian Data Center Development (IREN)
IREN Limited (NASDAQ:IREN) has taken a major step forward in its artificial intelligence infrastructure strategy after signing a transmission connection agreement for a planned 800MW data center campus in South Australia. The project marks the company’s first publicly announced data center development in Australia and significantly expands its footprint in the Asia-Pacific region. Bundey Campus…
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Macy’s Shares Advance After Strong First-Quarter Results and Improved Full-Year Forecast (M)
Macy’s Inc. (NYSE:M) shares moved higher in premarket trading on Wednesday after the department store operator delivered first-quarter earnings and revenue ahead of expectations while raising its outlook for the remainder of the year. The results suggest the company’s ongoing transformation strategy is beginning to generate measurable improvements across its retail portfolio. Profit and Revenue…