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Why are Marvell and Lumentum share prices down over $115 billion acquisition?Marvell and Lumentum shares have dropped after Marvell announced that it will be acquiring Lumentum in a $115 billion all stock deal. Marve...- US Stock Market today: Why are S&P 500, Dow Jones, Nasdaq down? Check top and worst performing stocks at Wall StreetWall Street today saw one of the shocking losses as Google-parent Alphabet sufferedthe worst day since the company began trading at the US ...
- US Markets Today: US stocks end lower as Alphabet revenue miss revives AI capex jittersWall Street ended the day on a sour note, as Alphabet's revenue shortfall cast a shadow over the AI investment landscape and overall market...
- US stocks today: Nasdaq slides over 1% as Alphabet's AI spending revives investor concernsThe Nasdaq Composite dropped over 1% as Alphabet reported disappointing advertising results. The downturn was worsened by software stocks, ...
- 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...
- 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...
- 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 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...
- 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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