ADVFN US – Market Content Editor
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Intel Shares Jump on Report Linking Chipmaker to Nvidia’s Long-Term GPU Plans
Shares of Intel (NASDAQ:INTC) climbed in U.S. premarket trading on Wednesday after a media report suggested the company could play a role in Nvidia’s (NASDAQ:NVDA) next-generation semiconductor roadmap. According to Taiwan-based DigiTimes, recent supply chain intelligence indicates that Nvidia plans to work with Intel on elements of its Feynman microarchitecture, a future graphics processing unit…
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Amazon Plans 16,000 Job Cuts in Second Large-Scale Layoff This Year
Amazon (NASDAQ:AMZN) said on Wednesday it will eliminate 16,000 roles globally, marking its second major round of job cuts in the past three months as the company continues to reshape its workforce following pandemic-era hiring and accelerates the use of artificial intelligence across its operations. The move follows the reduction of 14,000 corporate positions announced…
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Join Jason Wood, the founder of Specificity for a live x space today – 4pm est.
Specificity (USOTC:SPTY) Join LIVE Today at 4 PM EST! https://twitter.com/i/spaces/1vAxRQvaEjqJl?s=20 We’re diving into the future of marketing with a behind-the-scenes conversation about how Specificity Inc. is rewriting the rules of digital advertising. From bot-free, intent-based audience targeting to AI-driven precision and real-world ROI, this is the space every marketer, founder, and growth leader should tune…
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At the intersection of immersive gaming, health, and artificial intelligence
Hello, I’m Ricki Lee, and this is The Capital Compass. Today we’re taking a look at Virtuix, a company at the intersection of immersive gaming, health, and artificial intelligence — and one that’s just listed on (NASDAQ:VTIX). Virtuix is best known for Omni One, an immersive treadmill that lets players physically walk, run, and move…
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Texas Instruments Shares Climb After Q1 Outlook Beats Forecasts
Texas Instruments (NASDAQ:TXN) shares rose about 7% in U.S. premarket trading on Wednesday after the chipmaker issued first-quarter guidance that came in ahead of market expectations at the midpoint. For the fourth quarter, TI reported revenue of $4.42 billion, narrowly below the consensus estimate of $4.45 billion but representing a 10% increase from a year…
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Seagate Rallies After Strong Results and Upbeat Outlook Highlight AI-Driven Demand
Shares of Seagate Technology (NASDAQ:STX) jumped sharply in U.S. premarket trading on Wednesday after the data storage specialist delivered second-quarter adjusted earnings that came in well ahead of market expectations and issued robust guidance. Seagate’s stock has risen almost fourfold over the past year, propelled by the rapid expansion of artificial intelligence data centres. That…
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C3.ai Shares Surge After Reported Merger Discussions With Automation Anywhere
Shares of C3.ai (NYSE:AI) jumped as much as 10% in U.S. premarket trading on Wednesday following a report from The Information that the enterprise artificial intelligence firm is in talks over a potential merger with Automation Anywhere. According to the report, the discussions centre on combining C3.ai’s enterprise-focused AI software platform with Automation Anywhere’s robotic…
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Shell, BP Apply for U.S. Sanctions Waivers to Advance Caribbean Gas Developments
Shell (NYSE:SHEL) and BP (NYSE:BP) are pursuing approvals from the U.S. Office of Foreign Assets Control to move ahead with natural gas projects spanning Trinidad and Tobago and Venezuela, according to Trinidad’s energy minister Roodal Moonilal. Addressing delegates at the Indian Energy Week conference on Wednesday, Moonilal said Shell is seeking authorization to develop the…
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Qorvo Shares Drop After Weak Outlook Flags Apple-Related Slowdown
Shares of Qorvo Inc (NASDAQ:QRVO) fell around 10% in U.S. premarket trading on Wednesday after the radio-frequency chipmaker issued softer-than-expected guidance for the current quarter, citing weaker seasonal demand from its largest customer, Apple (NASDAQ:AAPL). Qorvo, which is in the process of being acquired by larger rival Skyworks Solutions Inc (NASDAQ:SWKS), supplies radio-frequency components such…
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Oil Edges Higher as Supply Disruptions and Weak Dollar Support Prices
Oil prices pushed modestly higher on Wednesday, extending the previous session’s gains as supply concerns lingered following weather-related disruptions in the United States, alongside output issues in Kazakhstan. A softer U.S. dollar and ongoing tensions in the Middle East also provided support. By 09:00 GMT, Brent crude futures were up 23 cents, or 0.3%, at…