Category: Latest News
-
Nvidia Confident on AI Chip Supply Despite Continuing Constraints (NVDA)
Nvidia (NASDAQ:NVDA) has secured enough supply capacity to support continued expansion in both its central processing unit and graphics processing unit businesses, even as demand for artificial intelligence hardware remains exceptionally strong, according to comments from Chief Executive Jensen Huang reported by Reuters on Tuesday. The update offers reassurance to investors that the company remains…
-
CEPI Awards Funding to Advance Ebola Bundibugyo Vaccine Development
Global health organisation CEPI has committed approximately $60 million to Moderna (NASDAQ:MRNA) and two additional research groups to accelerate the development of vaccines targeting Ebola Bundibugyo, the deadly virus responsible for a growing outbreak in eastern Democratic Republic of Congo. The Coalition for Epidemic Preparedness Innovations, which played a key role in supporting vaccine development…
-
Amazon Shifts Prime Day to June While Retaining Four-Day Format (AMZN)
Amazon.com (NASDAQ:AMZN) has moved its flagship Prime Day shopping event to late June after holding the promotion in July for the previous five years, with the company citing a busy calendar of global sporting events and national celebrations as key factors behind the change. The annual sales campaign will run from June 23 through June…
-
Hewlett Packard Enterprise Raises Growth Targets as AI Demand Fuels Strong Results (HPE)
Hewlett Packard Enterprise (NYSE:HPE) delivered record second-quarter results on Monday, prompting the company to bring forward key long-term financial objectives by two years as surging investment in AI data centres drives demand for its server and networking solutions. The strong performance sent HPE shares up around 28% in premarket trading on Tuesday. Revenue and Earnings…
-
Oil Prices Ease as Investors Assess Mixed Signals on U.S.-Iran Negotiations
Oil prices edged lower on Tuesday after posting strong gains in the previous session, as traders continued to evaluate conflicting reports surrounding diplomatic efforts between the United States and Iran. On Monday, U.S. President Donald Trump said discussions with Tehran were still underway, while Iranian news agency Tasnim had earlier reported that Iran had suspended…
-
Gold Recovers as Investors Await Clarity on U.S.-Iran Negotiations
Gold prices moved higher on Tuesday, recovering a portion of their recent declines as investors continued to assess the uncertain state of diplomatic discussions between the United States and Iran. The precious metal had come under pressure during the previous session after reports indicated that Iran had suspended peace talks with Washington following an escalation…
-
Markets Cautious as Iran Diplomacy Remains Unclear; HPE Surges on AI-Fueled Results: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures traded little changed on Tuesday as investors assessed conflicting signals surrounding negotiations between Washington and Tehran. Meanwhile, Hewlett Packard Enterprise (NYSE:HPE) delivered stronger-than-expected quarterly results driven by artificial intelligence-related demand, while Alphabet (NASDAQ:GOOG) unveiled plans for a major capital raise to expand its AI infrastructure. Futures Drift Lower Ahead of Market…
-
Anthropic Files Confidentially for U.S. IPO
Artificial intelligence company Anthropic, the developer of the widely used Claude chatbot, announced Monday that it has confidentially submitted paperwork to the U.S. Securities and Exchange Commission as it prepares for a potential initial public offering (IPO) later this year. A public listing would allow investors to buy and trade shares of the company on…
-
Nvidia’s New PC Chip and Strong Factory Data Lift Wall Street to Fresh Records
U.S. stocks closed at all-time highs on Monday as a surge in technology shares — led by Nvidia’s announcement of a new PC chip — combined with better-than-expected manufacturing data to push all three major indexes into record territory. The gains were modest in headline terms, but the session marked a notable milestone with the…
-
Investors seeking SpaceX exposure have alternatives ahead of blockbuster IPO
Interest in commercial space investing has surged in recent years, with SpaceX emerging as one of the sector’s most sought-after private companies thanks to its reusable rocket business and rapidly expanding Starlink satellite network. According to recent SEC filings, SpaceX (NASDAQ:SPCX) is preparing for a potential June IPO at a valuation target of approximately $1.75…