ADVFN US – Market Content Editor
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STMicro Raises Data Centre Revenue Forecast to $1 Billion as AI Demand Accelerates (STM)
STMicroelectronics (NYSE:STM) increased its revenue expectations for its data centre business on Tuesday, citing strong momentum from artificial intelligence infrastructure investment and ongoing expansion of manufacturing capacity. The Franco-Italian semiconductor manufacturer, which counts Tesla and Apple among its customers, now expects its data centre operations to generate approximately $1 billion in revenue during 2026. The…
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Abivax Shares Tumble Despite Strong Ulcerative Colitis Trial Results as Safety Concerns Emerge (ABVX)
Abivax (NASDAQ:ABVX) shares fell sharply on Tuesday after investors focused on reports of rare malignancy cases in a late-stage clinical trial, overshadowing better-than-expected efficacy results for the company’s experimental ulcerative colitis treatment. The Paris-listed biotech company saw its stock drop more than 32% in early European trading by 07:34 GMT. Obefazimod Delivers Strong Remission Rates…
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Stellantis Commits Over €1 Billion to Mulhouse Plant for New Peugeot Vehicle Programme (STLA)
Stellantis (NYSE:STLA) has announced plans to invest more than €1 billion in France to support production of three new Peugeot models at its Mulhouse manufacturing facility. The vehicles, which will be offered in both electric and hybrid versions, are expected to enter production in 2029. New C-Segment Models to Strengthen Peugeot’s Market Position According to…
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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…
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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…
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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…
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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…
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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…
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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…
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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…