KGWV · U.S. MARKET INTELLIGENCE
Nebius shares surged 34% as the computing-power leasing company reported a 514% increase in second-quarter cloud revenue, igniting the AI infrastructure sector, according to the supplied headline.
Cisco shares rose more than 7% at one point in after-hours trading after the company’s financial outlook for its first fiscal quarter came in above market expectations, according to CLS.
Intel CEO Lip-Bu Tan will spend $12 million of his own money, along with a family member, to participate in the company’s expanded stock offering, which would bring the offering to $20 billion. Daniel Newman, an executive at Futurum Group, said the move repres…
Google’s AI push is intensifying, from a founder stepping in to oversee the effort directly to a major reshuffle at DeepMind. Can Gemini break through?
Coherent reported fourth-quarter revenue of $2.05 billion, compared with an estimate of $1.99 billion. Fourth-quarter adjusted earnings per share were $1.74, versus an expectation of $1.62. The company expects first-quarter revenue of $2.2 billion to $2.4 bill…
Duang Yongping has bought back shares of Pop Mart just one week after his stake in the company was reduced by an option exercise. On Aug. 12, filings with the Hong Kong Stock Exchange showed that H&H International Investment, LLC, managed by Duang, increased i…
The artificial intelligence boom is facing a problem that money alone cannot solve: a severe shortage of computing capacity that could limit the industry’s growth for years. Markets had previously been gripped by concerns about excess computing capacity and wh…
Bond-market traders appeared far from reassured Wednesday, even as the probability of a Federal Reserve rate hike in September fell sharply after the release of U.S. consumer-price data for July, which was broadly in line with market expectations. So-called bo…
SpaceX stock has rebounded about 35% from its low, while short positions have fallen sharply from their peak last week.
Foxconn Industrial Internet (601138) reported 2Q26 results that were broadly in line with expectations, according to the Citi research note. Its cloud business, particularly AI servers, grew strongly, while revenue from data-center networking equipment doubled…