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GlobalFoundries Shares Rise After Micron Expands U.S. Semiconductor Supply Chain Investment (GFS)
Micron Investment Boosts Confidence in U.S. Chip Manufacturing GlobalFoundries Inc. (NASDAQ:GFS) shares climbed 6% after Micron Technology Inc. (NASDAQ:MU) unveiled plans to invest up to $3 billion to strengthen the U.S. semiconductor supply chain. As part of the initiative, Micron will provide $500 million in strategic financing to GlobalWafers Co., Ltd. to support construction of…
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Applied Materials Shares Jump as CEO Highlights Long-Term Chip Investment Outlook (AMAT)
CEO Points to Strong Multi-Year Demand for Semiconductor Equipment Applied Materials (NASDAQ:AMAT) shares climbed 6% in pre-market trading on Thursday after Chief Executive Gary Dickerson said semiconductor manufacturers are providing equipment demand forecasts that extend several years into the future, with some visibility reaching as far as 2030. Speaking to Nikkei Asia, Dickerson said customers…
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Bloom Energy Shares Climb After Company Rebuts Short-Seller Report (BE)
Bloom Energy Rejects Allegations Over Financial Reporting Bloom Energy (NYSE:BE) shares gained 6% in Thursday morning trading after the fuel cell manufacturer strongly rejected allegations contained in a recent short-seller report concerning its financial reporting and supply chain. The company issued a statement responding to claims published on 8 July 2026 by Hunterbrook Media LLC,…
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U.S. Weekly Jobless Claims Unexpectedly Decline as Labour Market Stays Resilient
Initial Unemployment Claims Fall Below Expectations New data from the U.S. Labor Department showed an unexpected decline in first-time applications for unemployment benefits during the week ended July 4, pointing to continued resilience in the labour market. Initial jobless claims fell by 2,000 to 215,000 from the previous week’s revised total of 217,000. Economists had…
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Wall Street Futures Rise as Chip Stocks Gain Despite Middle East Tensions: Dow Jones, S&P, Nasdaq
Futures Signal Higher Opening for U.S. Markets U.S. stock index futures pointed to a firmer start on Thursday, with investors looking to build on the mixed finish from the previous session. Technology shares, particularly semiconductor companies, were expected to provide early support after helping the Nasdaq recover from steep losses on Wednesday to close slightly…
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PepsiCo Revenue Tops Forecasts as Global Volumes Strengthen (PEP)
PepsiCo Delivers Revenue Beat in Second Quarter PepsiCo (NASDAQ:PEP) reported second-quarter results that exceeded revenue expectations, although adjusted earnings per share came in just below Wall Street forecasts. Investors reacted positively, sending the stock around 1% higher following the announcement. Adjusted earnings were $2.20 per share, narrowly missing analysts’ consensus estimate of $2.21 by one…
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Nvidia H200 Chips Could Return to China as Beijing Weighs Limited Approval (NVDA)
Report Suggests China May Permit Limited H200 Chip Sales Nvidia (NASDAQ:NVDA) could regain limited access to the Chinese artificial intelligence market, according to a report from The Information, which said Beijing is considering allowing domestic companies to purchase a restricted number of the chipmaker’s H200 AI processors. The report says Chinese technology groups including Alibaba,…
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IBM Expands Bob AI Platform With Multi-Agent Features and Cost Management Tools (IBM)
IBM Enhances Bob With New AI Development Capabilities IBM (NYSE:IBM) has introduced a series of upgrades to its IBM Bob agentic software development platform, adding multi-agent functionality, integrated AI cost monitoring and new enterprise modernization workflows designed to simplify software development and legacy system transformation. Among the latest additions is Bobalytics, a feature that enables…
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Levi Strauss Shares Fall Despite Earnings Beat as Guidance Disappoints (LEVI)
Strong Quarterly Results Fail to Lift Shares Levi Strauss (NYSE:LEVI) shares fell nearly 5.8% in pre-market trading, slipping to $22.96 as investors focused on the company’s outlook despite better-than-expected second-quarter earnings. The apparel maker reported fiscal second-quarter 2026 adjusted earnings of $0.28 per share after the market closed on July 8, comfortably ahead of the…
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Paramount Delays Warner Bros Acquisition Closing as Oregon Review Continues (PSKY)
Closing Timeline Extended Pending Regulatory Review Paramount (NASDAQ:PSKY) has confirmed that it will not complete its proposed $110 billion acquisition of Warner Bros (NASDAQ:WBD) before 22 July, extending the expected closing timeline by at least another week as Oregon authorities continue reviewing the transaction. The announcement follows action by the Oregon Attorney General’s office, which…