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Marvell in advanced talks to buy Lumentum: Bloomberg NewsMarvell has emerged as one of the biggest beneficiaries of the AI boom, driven by strong demand for its custom AI chips and networking hard...- US Markets Today: S&P, Nasdaq end higher as Anthropic IPO filing revives AI optimism; Tesla hits 3 month highUS stocks ended higher as Anthropic's IPO filing rekindled interest in AI related investments and stocks. The S&P 500 gained 0.70% and the ...
- UK's IQE swings to first-half profit and sees more AI data centre upsideBritish chip maker IQE reported a first-half profit, supported by strong AI demand. The company maintained its annual outlook, exceeding ea...
- Global Market: China, Hong Kong stocks rise as AI rebound boosts investor sentimentOn Wednesday, stocks in China and Hong Kong surged, reflecting a favourable global market environment. Technology and artificial intelligen...
- Global Market: China stocks rise on AI optimism; Hong Kong shares mostly flatChinese mainland stocks advanced, led by optical communications and technology shares, as strong AI demand forecasts boosted sentiment. Hon...
- US stocks: S&P 500 ends higher as CoreWeave results fuel AI optimismUS stock markets closed higher on Wednesday, driven by strong AI infrastructure company earnings. Mild inflation data reinforced expectatio...
- Why US stocks are rising: Nasdaq leads Wall Street higher as AI stocks rally, inflation supports Fed pauseUS stock markets rallied on Wednesday, with the Nasdaq taking the lead in gains. Encouraging earnings reports from AI infrastructure compan...
- Sterlite Tech, HFCL gain 5% each on reports of US ban on Chinese data centre devicesShares of Sterlite Technologies and HFCL rallied 5% each after reports that the US administration is considering restrictions on Chinese da...
- Donald Trump administration weighs ban on Chinese AI data centre gear importsThe Trump administration is drafting a ban on new Chinese data center component imports. This measure aims to protect critical infrastructu...
- US stocks: S&P 500, Dow hit record highs on strong AI-linked earnings, Mideast deal hopesWall Street's S&P 500 index reached a new intraday record high on Tuesday. Upbeat artificial intelligence forecasts from Caterpillar and Pa...
- Trump administration drafting ban on Chinese data center devices, sources sayThe Trump administration is drafting a ban on new Chinese data center component imports. This measure aims to protect critical infrastructu...
- China's control over indium phosphide exports threatens AI data centre rolloutAnderson's visit was partly to raise the issue of delays in China's export licenses involving the highly strategic material, essential in m...
- Nvidia-backed startup Scintil Photonics starts testing laser chips with customersFrench startup Scintil Photonics is testing new laser chips for AI servers. These chips use light to move data, a significant upgrade for l...
- Nvidia-backed Ayar Labs raises $500 million at $3.75 billion valuationAyar Labs, supported by Nvidia, has secured $500 million in a new funding round. This brings their total funding to $870 million. The compa...
- Nvidia to invest $2 billion each in Lumentum, Coherent to bolster AI processorsNvidia is investing $2 billion each in Lumentum and Coherent. This move aims to enhance Nvidia's data centre chips. The company seeks techn...
- Several Indian-origin persons charged in insider trading cases in USIn another action, the SEC alleges insider trading by investment banker Brijesh Goel, 37 and his friend Akshay Niranjan, 33, both of New Yo...
- Gold eases as dollar steals safe-haven thunderSpot gold edged 0.1 per cent lower to $1,276.02 per ounce at 0106 GMT.
- Apple iPhone supplier Foxconn is said to plan deep cost cutsFoxconn, formally known as Hon Hai Precision Industry Co Ltd, counts Apple Inc as one of its top customers for assembling iPhones.
- Apple has a Plan B as iPhone demand peaks; Many suppliers don'tIf demand for newer, pricier iPhones wanes, Apple can cut component orders, or delay shipments, leaving suppliers with more inventory.
- Tech industry dealmaking is back with a bang. Here are the forerunnersResearch analysts from Goldman Sachs have updated the basket of companies the bank thinks could get acquired in the next 12 months.
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