AMD Shares Drop 3.9% Despite Strong AI Industry Demand Signals
Advanced Micro Devices (AMD) fell 3.9% on Thursday as investors look for the chip designer to convert its massive pipeline into actual profits.
Market news
Every story explained in plain English, with the prices that matter beside it.
Micron Technology Shares Decline 4.79% Despite Strong Industry Signals
Micron Technology shares dropped 4.79% to $1,036 despite a massive profit surge from competitor Samsung highlighting a memory chip pricing boom.
Nvidia Shares Fall as Upscale AI Opens Networks to Rival Chips
NVIDIA Corporation shares fell after Upscale AI launched a platform allowing data centers to connect rival chips.
Kopin Corporation Secures $18.6 Million U.S. Army Contract for MicroLED Technology
Kopin Corporation secured an $18.6 million sole-source U.S. Army award to advance its MicroLED display technology and expand domestic manufacturing.
Alphabet Unveils Universal Gemini Agent for Cross-Platform Work
Alphabet introduced a cross-platform Gemini agent to automate office tasks, but investors await details on pricing and revenue impact.
Palantir Technologies Shares Rise After Goldman Sachs Upgrade to Buy
Palantir Technologies stock gained as Goldman Sachs raised its rating to Buy, pointing to strong demand for customized artificial intelligence software.
Palantir Shares Rise as Goldman Sachs Upgrades Stock to Buy
Palantir Technologies shares jumped after Goldman Sachs upgraded the stock to Buy, citing strong growth in AI software and commercial sales.
Enerpac Tool Group Corp. Expands Board and Appoints Charles T. Lauber as Director
Enerpac Tool Group Corp. has expanded its board to nine members and appointed former A. O. Smith CFO Charles T. Lauber as a director.
Enerpac Tool Group Expands Board and Appoints Charles T. Lauber as Director
Enerpac Tool Group has expanded its board to nine members and appointed former A. O. Smith CFO Charles T. Lauber as a director.
Microsoft Expands Local AI Capabilities to Reduce Cloud Reliance
Microsoft Corporation is moving AI workloads to Windows PCs to lower costs, utilizing new security containers and compressed models.
Bitdeer AI Secures 8-Year Data Center Deal in Malaysia to Expand Capacity
Bitdeer AI signed an eight-year agreement for a 60-megawatt facility in Malaysia, securing 95% of its 2028 power goal.
XRP Governance Sparks Centralization Debate Ahead of Key Network Update
XRP faces criticism over closed-source security updates and validator lists ahead of an upcoming ledger amendment.
Meta Platforms Plans Windows App for Muse AI Agent as Stock Holds Flat
Meta Platforms is launching a native Windows app for its Muse AI agent, opening a new desktop channel, but commercial success remains unproven.
Atkore Announces Conditional Redemption of $400 Million Senior Notes Due 2031
Atkore Inc. plans to conditionally redeem $400 million of senior notes due 2031, contingent on completing its merger with Prysmian.
American Express Agrees to $350 Million Regulatory Penalty
American Express has agreed to pay a $350 million regulatory penalty to resolve reviews of its financial crimes compliance program.
Cisco Systems Introduces AI Webex Upgrades as Stock Falls
Cisco Systems introduced AI-driven Webex updates to automate post-call tasks, but shares fell over 2% amid valuation concerns.
Weatherford Secures Equinor Well-Completion Deals and Framework Extensions
Weatherford International plc secures offshore well-completion deals and framework extensions from Equinor ASA for North Sea projects.
IBM Launches SAP Modernization Service for Midsize Businesses
IBM has introduced a standardized SAP modernization service for midsize businesses to streamline operations and prepare for AI.
KB Home Third-Quarter Profit and Revenue Decline on Fewer Deliveries
KB Home reported a drop in third-quarter revenue and earnings due to pricing pressure and fewer home deliveries, though backlog value ticked up.
Netflix Shares Rise Despite Morgan Stanley Lowering Price Target
Netflix shares gained over 2% even after analysts lowered their price target, citing flat viewing hours but pointing to strong future revenue growth.