Is the AI Gold Rush Over? Costco and Walmart Just Delivered a Sobering $163 Billion Warning to Shareholders of Nvidia, Palantir, and Other Red-Hot AI Stocks. The Globe and Mail
Is the AI Gold Rush Over? Costco and Walmart Just Delivered a Sobering $163 Billion Warning to Shareholders of Nvidia, Palantir, and Other Red-Hot AI Stocks. The Globe and Mail
Robert Way Alibaba ( BABA ) and China Telecom are launching a data center in southern China using the e-commerce giant’s own chips, as the country steps up efforts to build domestic AI infrastructure. The facility, announced on Tuesday, will feature 10,000 of Alibaba’s Zhenwu semiconductors, which are designed for AI training and inferencing, along with the ability to support AI models the size of...
Robert Way Alibaba ( BABA ) and China Telecom are launching a data center in southern China using the e-commerce giant’s own chips, as the country steps up efforts to build domestic AI infrastructure. The facility, announced on Tuesday, will feature 10,000 of Alibaba’s Zhenwu semiconductors, which are designed for AI training and inferencing, along with the ability to support AI models the size of hundreds of billions of parameters, according to reports. The Zhenwu-powered cluster is the latest evidence that China is doubling down on home-grown infrastructure to supercharge rapidly evolving AI development and meet surging demand as the artificial intelligence race with U.S. rivals including Meta ( META ), Microsoft ( MSFT ), and Elon Musk’s xAI ( X.AI ) intensifies, t he South China Morning Post said. Alibaba, one of China’s largest tech firms, has been designing its own chips through its T-head unit . The Hangzhou-headquartered company is also one of China’s biggest cloud computing players. The development comes as the U.S. has looked to restrict China’s access to key semiconductor technology, including AI chips from Nvidia ( NVDA ) , which has accelerated the country’s efforts to develop domestic alternatives. More on Alibaba Alibaba Q3: AI Transition From An E-Commerce Giant Is Painful; Expecting Growth Inflection In FY2027 Alibaba: Shockingly Bad Q3, Yet Astoundingly Good Buy (Rating Upgrade) Alibaba: On Track To $100B In Cloud Revenue Alibaba unveils agentic AI-focused model Qwen3.6-Plus Nvidia's lead narrows as Chinese chipmakers claim 41% of local market: report
Israel renewed its strikes in southern Lebanon and urged residents in parts of Beirut to evacuate on Wednesday, after Israeli Prime Minister Benjamin Netanyahu insisted the US-Iran truce does not extend to the war against Hezbollah. Hours earlier, the United States and Iran agreed to a two-week ceasefire brokered by Pakistan, potentially suspending a six-week-old war that has killed thousands, sp...
Israel renewed its strikes in southern Lebanon and urged residents in parts of Beirut to evacuate on Wednesday, after Israeli Prime Minister Benjamin Netanyahu insisted the US-Iran truce does not extend to the war against Hezbollah. Hours earlier, the United States and Iran agreed to a two-week ceasefire brokered by Pakistan, potentially suspending a six-week-old war that has killed thousands, spread across the Middle East and caused unprecedented disruption to the world’s energy supplies. Both...
Wallbox N.V. ( WBX ) announced that it has signed its restructuring plan and related agreements under terms previously disclosed on April 1. The Barcelona-based company said the signing marks a significant step in the ongoing efforts to strengthen its financial position and support its long-term business objectives. As part of the restructuring process, Wallbox ( WBX ) secured €11 million in inter...
Wallbox N.V. ( WBX ) announced that it has signed its restructuring plan and related agreements under terms previously disclosed on April 1. The Barcelona-based company said the signing marks a significant step in the ongoing efforts to strengthen its financial position and support its long-term business objectives. As part of the restructuring process, Wallbox ( WBX ) secured €11 million in interim financing to ensure near-term liquidity. The interim financing included a €5.65M bridge loan from key shareholders, expected to be offset against their future equity subscriptions, in addition to a €5.35M loan from participating banks under the new money financing program. The funds are anticipated to be disbursed shortly to facilitate continued execution of Wallbox's ( WBX ) business plan. The restructuring plan has broad backing, with financial creditors representing roughly 83% of the company’s debt joining key shareholders and a new institutional investor. Major participants include Banco Santander, BBVA, CaixaBank, ICO, Mora Banc, EBN Banco de Negocios, and the Generalitat de Catalunya, among others. Investor support also includes Orilla Asset Management, Iberdrola’s Inversiones Financieras Perseo, AM Gestio, Consilium, Mingkiri, and CEO Enric Asunción through his investment vehicle. The breadth of participation in the restructuring plan was noted to reflect the continued support of the company's financial partners and institutional stakeholders for Wallbox's ( WBX ) long-term strategy. Shares of Wallbox ( WBX ) are down more than 40% from their 52-week high. More on Wallbox N.V Wallbox N.V. (WBX) Q4 2025 Earnings Call Prepared Remarks Transcript Wallbox N.V. 2025 Q4 - Results - Earnings Call Presentation Wallbox receives NYSE non-compliance notice Top Quant rated Spanish stocks as Trump threatens trade cut off with the country Seeking Alpha’s Quant Rating on Wallbox N.V - Class A
(RTTNews) - U,K.'s equity benchmark FTSE 100 rose sharply on Wednesday thanks to hectic buying across the board following the U.S. and Iran agreeing to a two-week ceasefire to ensure stability in the region's critical energy corridor.
(RTTNews) - U,K.'s equity benchmark FTSE 100 rose sharply on Wednesday thanks to hectic buying across the board following the U.S. and Iran agreeing to a two-week ceasefire to ensure stability in the region's critical energy corridor.
Arxis Inc. , a maker of electronic and mechanical parts for aerospace and defense firms is seeking to raise as much as $1.06 billion in its US initial public offering. The Bloomfield, Connecticut-based firm plans to market 37.7 million shares for $25 to $28 each, according to a filing with the US Securities and Exchange Commission on Wednesday. At the top of the price range, the company would have...
Arxis Inc. , a maker of electronic and mechanical parts for aerospace and defense firms is seeking to raise as much as $1.06 billion in its US initial public offering. The Bloomfield, Connecticut-based firm plans to market 37.7 million shares for $25 to $28 each, according to a filing with the US Securities and Exchange Commission on Wednesday. At the top of the price range, the company would have a market value of $11.2 billion based on the outstanding shares listed in the filing. Arxis, which makes electronic and mechanical components for aerospace and defense, medical technology, and specialized industrial markets is backed by Arcline Investment Management . As defense budgets rise, Arxis’ offering aligns with growing investor interest in from increased defense demand and spending. In the US, the Trump administration is expected to prioritize new contractors as it bolsters and modernizes its missile munitions stockpile. Defense and space represent Arxis’s largest end market, accounting for approximately 47% of revenue in 2025, while its commercial aerospace segment accounts for about 23% of revenue in the same period, the filing shows. Read More: Carlyle Said to Plan Defense Fund as Governments Hike Spending The company had net income of roughly $46 million on revenue of $1.6 billion last year, compared with a net loss of $55 million on revenue of $743 million in 2024. Arxis has over 5,000 customers and generates about 90% of revenue from proprietary products, according to the filing. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The company’s debut is set to join a handful of industrial sector IPOs in the US expected this year, including Madison Dearborn Partners -backed Aevex Corp. and nuclear energy company X-Energy Inc. Goldman Sachs Group Inc. , Morgan Stanley and Jefferies ...
Nurix Therapeutics (NRIX) delivered earnings and revenue surprises of -4.22% and -57.21%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?
Nurix Therapeutics (NRIX) delivered earnings and revenue surprises of -4.22% and -57.21%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?
Spain's Prime minister Pedro Sanchez addresses parliament over the war in the Middle East at the congress in Madrid on March 25, 2026. Thomas Coex | Afp | Getty Images Spanish Prime Minister Pedro Sánchez on Wednesday joined a chorus of world leaders welcoming the announcement of a U.S.-Iran ceasefire but issued a thinly veiled swipe at the Trump administration for having initiated the hostilities...
Spain's Prime minister Pedro Sanchez addresses parliament over the war in the Middle East at the congress in Madrid on March 25, 2026. Thomas Coex | Afp | Getty Images Spanish Prime Minister Pedro Sánchez on Wednesday joined a chorus of world leaders welcoming the announcement of a U.S.-Iran ceasefire but issued a thinly veiled swipe at the Trump administration for having initiated the hostilities. "Ceasefires are always good news. Especially if they lead to a just and lasting peace. But this momentary relief cannot make us forget the chaos, the destruction, and the lives lost," Sánchez said in a social media post, according to a translation. "The Government of Spain will not applaud those who set the world on fire just because they show up with a bucket." Sánchez, who has emerged as one of the European Union's leading critics of U.S. and Israeli strikes against Iran, called for "diplomacy, international law and PEACE" to prevail. His comments come shortly after the U.S. president said he had agreed to suspend attacks on Iranian infrastructure for two weeks, sparking a broad-based relief rally across risk assets. Trump had earlier threatened that "a whole civilization will die tonight, never to be brought back again" if no deal was struck by his Tuesday deadline. Iranian officials said the temporary truce meant safe passage through the strategically vital Strait of Hormuz would be "possible," subject to coordination with its armed forces and "technical limitations" — caveats that may give Tehran some room to define compliance on its own terms. World leaders welcomed the ceasefire, although analysts characterized the agreement as fragile and warned that a substantial lack of trust on both sides will likely complicate the path to lasting peace. Read more A fragile U.S.-Iran ceasefire sparks market relief — but no clear path to lasting peace Spain rejects White House claim it agreed to cooperate with U.S. forces amid Iran war 'No to war’: Spain PM hits back at Trump th...