Broadcom Inc (NASDAQ: AVGO) rallied more than 10% on Monday after OpenAI confirmed it has partnered with the chipmaker to co-develop and deploy 10 gigawatts of custom AI accelerators. The announcement marks a major milestone in OpenAI’s infrastructure expansion, and follows 18 months of quiet collaboration with the San Jose-headquartered semiconductor behemoth. Following today’s pop,
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Broadcom Inc (NASDAQ: AVGO) rallied more than 10% on Monday after OpenAI confirmed it has partnered with the chipmaker to co-develop and deploy 10 gigawatts of custom AI accelerators. The announcement marks a major milestone in OpenAI’s infrastructure expansion, and follows 18 months of quiet collaboration with the San Jose-headquartered semiconductor behemoth. Following today’s pop,
4.6KWednesday brought a mix of economic, corporate, and political developments across the United States, with major movements in the technology, manufacturing, and financial sectors. Intel shares gained on reports of early-stage talks with AMD to become a foundry customer, signaling potential growth for the chipmaker’s manufacturing division. Meanwhile, US manufacturing continued to expand in September,
Wednesday brought a mix of economic, corporate, and political developments across the United States, with major movements in the technology, manufacturing, and financial sectors. Intel shares gained on reports of early-stage talks with AMD to become a foundry customer, signaling potential growth for the chipmaker’s manufacturing division. Meanwhile, US manufacturing continued to expand in September,
4.6KThe S&P 500 hit a new record high on Thursday, with investors largely brushing aside worries over the ongoing US government shutdown. The benchmark index gained 0.2%, while the Nasdaq Composite advanced 0.6% to reach its own record level. The Dow Jones Industrial Average added about 31 points, or 0.1%. The market sentiment seems to
The S&P 500 hit a new record high on Thursday, with investors largely brushing aside worries over the ongoing US government shutdown. The benchmark index gained 0.2%, while the Nasdaq Composite advanced 0.6% to reach its own record level. The Dow Jones Industrial Average added about 31 points, or 0.1%. The market sentiment seems to
4.6KThe surprising strength that characterized the start of September has given way to a palpable sense of fear, as a dark cloud of uncertainty rolls in from across the Atlantic. European stocks opened firmly in the red on Tuesday, with investors unnerved by the ominous twin threats of a potential US government shutdown and a
The surprising strength that characterized the start of September has given way to a palpable sense of fear, as a dark cloud of uncertainty rolls in from across the Atlantic. European stocks opened firmly in the red on Tuesday, with investors unnerved by the ominous twin threats of a potential US government shutdown and a
4.6KShares of Bloom Energy jumped sharply Monday after the company announced a major partnership with Brookfield Asset Management to supply power for artificial intelligence (AI) data centers. The deal marks one of the most significant investments yet aimed at addressing the growing energy demands of AI infrastructure. Brookfield to invest up to $5 Billion in
Shares of Bloom Energy jumped sharply Monday after the company announced a major partnership with Brookfield Asset Management to supply power for artificial intelligence (AI) data centers. The deal marks one of the most significant investments yet aimed at addressing the growing energy demands of AI infrastructure. Brookfield to invest up to $5 Billion in
4.6KIndia’s oil refiners are currently experiencing a robust supply of Russian crude in the global market, a situation largely attributed to recent geopolitical events. Ukraine’s sustained attacks on Russia’s energy infrastructure have significantly curtailed Moscow’s domestic refining capacity, according to a Reuters report. This reduction in refining capabilities has, in turn, diverted a greater volume
India’s oil refiners are currently experiencing a robust supply of Russian crude in the global market, a situation largely attributed to recent geopolitical events. Ukraine’s sustained attacks on Russia’s energy infrastructure have significantly curtailed Moscow’s domestic refining capacity, according to a Reuters report. This reduction in refining capabilities has, in turn, diverted a greater volume
4.6KDow futures surged over 120 points on Monday, indicating a positive start to the week ahead of key earnings and inflation data releases. The futures tied to other Wall Street indices like the S&P 500 and Nasdaq 100 also gained 0.3% and 0.4%, respectively. The uptick followed a week of volatility marked by trade tensions
Dow futures surged over 120 points on Monday, indicating a positive start to the week ahead of key earnings and inflation data releases. The futures tied to other Wall Street indices like the S&P 500 and Nasdaq 100 also gained 0.3% and 0.4%, respectively. The uptick followed a week of volatility marked by trade tensions
4.6KChina’s stock markets are staging a strong rally, with artificial intelligence emerging as the central force behind investor enthusiasm. The sharp rise follows a muted 2024, when Chinese equities were in decline for most of the year. In eight out of twelve months in 2024, the China A market fell, reflecting weak sentiment as Beijing
China’s stock markets are staging a strong rally, with artificial intelligence emerging as the central force behind investor enthusiasm. The sharp rise follows a muted 2024, when Chinese equities were in decline for most of the year. In eight out of twelve months in 2024, the China A market fell, reflecting weak sentiment as Beijing
4.6KNvidia Corp. gained fresh support from Wall Street on Wednesday after HSBC upgraded the semiconductor giant’s stock to buy from hold, citing sustained growth in artificial intelligence (AI) demand and an expanding total addressable market for graphics processing units (GPUs). The brokerage also lifted its price target on Nvidia shares to a Street-high of $320,
Nvidia Corp. gained fresh support from Wall Street on Wednesday after HSBC upgraded the semiconductor giant’s stock to buy from hold, citing sustained growth in artificial intelligence (AI) demand and an expanding total addressable market for graphics processing units (GPUs). The brokerage also lifted its price target on Nvidia shares to a Street-high of $320,
4.6KCoca-Cola Co. is considering taking its Indian bottling arm, Hindustan Coca-Cola Beverages Pvt. (HCCB), public, as per a Bloomberg report. The supposed IPO could be one of the most anticipated listings in India’s growing IPO market. The beverage giant has reportedly met with bankers in recent weeks to discuss a potential offering that could raise
Coca-Cola Co. is considering taking its Indian bottling arm, Hindustan Coca-Cola Beverages Pvt. (HCCB), public, as per a Bloomberg report. The supposed IPO could be one of the most anticipated listings in India’s growing IPO market. The beverage giant has reportedly met with bankers in recent weeks to discuss a potential offering that could raise
