Microsoft on Monday unveiled the second generation of its in-house artificial intelligence chip, along with software tools that take aim at one of Nvidia’s biggest competitive advantages with developers. The new “Maia 200” chip comes online this week in a data centre in Iowa, with plans for a second location in Arizona, Microsoft said. It is the second generation of an AI chip called Maia that...
Microsoft on Monday unveiled the second generation of its in-house artificial intelligence chip, along with software tools that take aim at one of Nvidia’s biggest competitive advantages with developers. The new “Maia 200” chip comes online this week in a data centre in Iowa, with plans for a second location in Arizona, Microsoft said. It is the second generation of an AI chip called Maia that Microsoft introduced in 2023. The Maia 200 comes as major cloud computing firms such as Microsoft, Alphabet’s Google and Amazon.com’s Amazon Web Services - some of Nvidia’s biggest customers - are producing their own chips that increasingly compete with Nvidia. Google, in particular, has garnered interest from major Nvidia customers such as Meta Platforms, which is working closely with Google to close one of the biggest software gaps between Google and Nvidia’s AI chip offerings. For its part, Microsoft said that along with the new Maia chip, it will be offering a package of software tools to program it. That includes Triton, an open-source software tool with major contributions from ChatGPT creator OpenAI that takes on the same tasks as Cuda, the Nvidia software that many Wall Street analysts say is Nvidia’s biggest competitive advantage. Like Nvidia’s forthcoming flagship “Vera Rubin” chips introduced earlier this month, Microsoft’s Maia 200 is made by Taiwan Semiconductor Manufacturing Co using 3-nanometer chipmaking technology and will use high-bandwidth memory chips, albeit an older and slower generation than Nvidia’s forthcoming chips. But Microsoft has also taken a page from the playbook of some of Nvidia’s rising competitors by packing the Maia 200 chip with a significant amount of what is known as SRAM, a type of memory that can provide speed advantages for chatbots and other AI systems when they field requests from a large number of users. Cerebras Systems, which recently inked a $10 billion deal with OpenAI to supply computing power, leans heavily on ...
PM Images/DigitalVision via Getty Images Dave ( DAVE ) is seeing significant revenue growth and sustained profitability as demand for its financial products continues to grow against a broader economic backdrop defined by stubborn inflationary pressure, rising U.S. unemployment , and weak consumer sentiment . The fintech company has seen its common shares rally 100% over the last one year on the b...
PM Images/DigitalVision via Getty Images Dave ( DAVE ) is seeing significant revenue growth and sustained profitability as demand for its financial products continues to grow against a broader economic backdrop defined by stubborn inflationary pressure, rising U.S. unemployment , and weak consumer sentiment . The fintech company has seen its common shares rally 100% over the last one year on the back of what can only be described as hockey stick revenue and cash from operations growth. DAVE recorded fiscal 2025 third-quarter revenue growth of $150.8 million , a 63% growth rate over its year-ago comp and a beat by $17.3 million on consensus. The company is guiding for full-year 2025 revenue in the range of $544 million to $547 million, which would place its multiple against the midpoint of this range at 4.7x. DAVE currently swaps hands at a $2.57 billion market cap. YCharts Critically, bulls would be able to highlight a price-to-sales multiple that has actually dipped from their summer 2025 high despite the corresponding move up in DAVE's stock price as signs that revenue growth remains at a pace that's being underappreciated by the market. This opens up the commons to further upside from their current level, especially if DAVE is able to ramp up ExtraCash origination volume without a corresponding uptick in credit losses. ExtraCash is an overdraft product that provides members with up to $500 of credit. This is offered without credit checks and does not lean on any FICO or credit bureau data. The company held around $268.29 million in ExtraCash receivables on its balance sheet as of the end of its third quarter, a material 52.6% growth from the start of the year. I last covered the ticker with a buy rating in 2024, with DAVE realizing a substantial return since then. Dave Fiscal 2025 Third Quarter Form 10-Q ExtraCash, Profitability, Share Buybacks, and Downside Risk DAVE's move to a new fee model for ExtraCash has been doing some heavy lifting in ongoing profitabili...
SK Hynix Inc. ( HXSC.F ) shares surged toward a record closing high after local media reported the company is the exclusive supplier of advanced memory for Microsoft’s ( MSFT ) new AI chip. The stock rose as much as 7.7% on the Korea Exchange, erasing an early loss on the latest tariff threat from US President Donald Trump. The stock has kept rising this year, fueling an AI-driven rally that has p...
SK Hynix Inc. ( HXSC.F ) shares surged toward a record closing high after local media reported the company is the exclusive supplier of advanced memory for Microsoft’s ( MSFT ) new AI chip. The stock rose as much as 7.7% on the Korea Exchange, erasing an early loss on the latest tariff threat from US President Donald Trump. The stock has kept rising this year, fueling an AI-driven rally that has pushed the South Korean company’s market value close to $400 billion. More on SK hynix Inc. Excerpt: SK hynix - Trading At A Mere 7x With Growing HBM Complexity Micron dips after reports of Samsung nearing Nvidia certification for HBM4 chips Samsung nears Nvidia certification for HBM4 AI memory - report Seeking Alpha’s Quant Rating on SK hynix Inc. Financial information for SK hynix Inc.
(RTTNews) - MODEC, Inc. (MDIKF, 6269.T), a supplier and operator of offshore floating platforms, on Tuesday said it has signed a joint development agreement with Norway-based Eld Energy AS to develop an integrated 120-kilowatt solid oxide fuel cell and Carbon dioxide capture system for floating production, storage and offloading vessels. The onshore operational testing is planned for 2027 and the ...
(RTTNews) - MODEC, Inc. (MDIKF, 6269.T), a supplier and operator of offshore floating platforms, on Tuesday said it has signed a joint development agreement with Norway-based Eld Energy AS to develop an integrated 120-kilowatt solid oxide fuel cell and Carbon dioxide capture system for floating production, storage and offloading vessels. The onshore operational testing is planned for 2027 and the offshore demonstration is targeted to commence from 2028. Under the new agreement, the SOFC output will be scaled up from 40 kilowatts to 120 kilowatts, representing a key step toward phased deployment on FPSOs. The system will also integrate a CO2 capture and fuel recovery unit optimized for SOFC exhaust. The joint development aims to deliver a scalable multi-megawatt power system capable of meeting full FPSO power demand with zero carbon intensity, supporting improvements in both environmental performance and operational value. The agreement covers prototype design and manufacturing of a low-carbon offshore power solution. The company and Eld Energy have been jointly advancing the design and manufacturing of a pilot-scale 40-kilowatt SOFC offshore power system since 2025, using associated natural gas produced during FPSO operations. MODEC is currently trading 2.04% higher at JPY 14,255 on the Tokyo Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
JHVEPhoto China's Anta Sports ( ANPDY ) to acquire a 29.06% stake in Puma ( PMMAF ) from the French Pinault family's Artémis holding company for ~$1.8B, making it the largest shareholder of the German sportswear maker. Anta ( ANPDY ) will purchase 43M Puma ( PMMAF ) shares at €35 each in an all-cash transaction funded by its internal cash reserves. The price represents a 62% premium to Puma's €21....
JHVEPhoto China's Anta Sports ( ANPDY ) to acquire a 29.06% stake in Puma ( PMMAF ) from the French Pinault family's Artémis holding company for ~$1.8B, making it the largest shareholder of the German sportswear maker. Anta ( ANPDY ) will purchase 43M Puma ( PMMAF ) shares at €35 each in an all-cash transaction funded by its internal cash reserves. The price represents a 62% premium to Puma's €21.63 closing price on Monday. The stock price jumped about 17% on the European exchange after the news. The deal is expected to close by the end of 2026. The Hong Kong-listed company explicitly rules out a full takeover, committing to Puma's independent governance while exploring future partnership enhancements. "ANTA has always admired PUMA’s long-term brand value and potential. Such strong brand DNA and value heritage are rare to come by. We believe PUMA’s share price over the past few months does not fully reflect the long-term potential of the brand. We have confidence in its management team and strategic transformation." Ding Shizhong, board chairman of ANTA Sports, commented . More on PUMA SE, ANTA Sports Products Limited PUMA: Why I Don't Think The Acquisition Will Materialize PUMA SE 2025 Q3 - Results - Earnings Call Presentation Puma gains on report Anta Sports offered to buy Pinault family's 29% stake Seeking Alpha’s Quant Rating on PUMA SE Historical earnings data for PUMA SE
Diminishing perspective of downtown London skyscrapers Chunyip Wong | E+ | Getty Images LONDON — European stocks are expected to open higher Tuesday, as a busy earnings week gathers pace. The U.K.'s FTSE index is seen opening 0.18% higher, Germany's DAX up 0.15%, France's CAC 40 up 0.3%, and Italy's FTSE MIB 0.4% higher, according to data from IG. Earnings season is getting underway again with reg...
Diminishing perspective of downtown London skyscrapers Chunyip Wong | E+ | Getty Images LONDON — European stocks are expected to open higher Tuesday, as a busy earnings week gathers pace. The U.K.'s FTSE index is seen opening 0.18% higher, Germany's DAX up 0.15%, France's CAC 40 up 0.3%, and Italy's FTSE MIB 0.4% higher, according to data from IG. Earnings season is getting underway again with regional investors keeping an eye on the latest financial reports from ASML , Volvo, LVMH and Deutsche Bank , among others, this week. On Tuesday, Atlas Copco , Sandvik and Logitech International are due to report. There's been more global trade uncertainty overnight after U.S. President Donald Trump took aim at South Korea Monday, saying he would increase tariffs on Asia's fourth-largest economy. Trump said on Truth Social that the country's legislature has not approved Seoul's trade deal with Washington, and that tariffs on South Korean autos, pharmaceuticals and lumber would rise from 15% to 25%. Shares of South Korean autos fell sharply but pared losses overnight. S&P 500 futures were near the flatline overnight after the major averages started the busy earnings week on a positive note. Investors are also waiting for the Federal Reserve's rate decision later this week. The central bank is widely expected to keep its key rate at a target range of 3.5% to 3.75%, but traders will search for clues on when future cuts may come. European data releases include EU new car registrations, Spanish unemployment data and French consumer confidence figures. — CNBC's Pia Singh contributed to this market report.
TLDRs; Qualcomm shares edged lower despite leading an $8 million funding round for India-based AI contract platform SpotDraft. The deal highlights Qualcomm’s strategy to expand on-device AI use cases beyond consumer and into regulated enterprise workflows. SpotDraft’s offline legal AI, running on Snapdragon processors, signals growing momentum for NPU-powered professional applications. Investors w...
TLDRs; Qualcomm shares edged lower despite leading an $8 million funding round for India-based AI contract platform SpotDraft. The deal highlights Qualcomm’s strategy to expand on-device AI use cases beyond consumer and into regulated enterprise workflows. SpotDraft’s offline legal AI, running on Snapdragon processors, signals growing momentum for NPU-powered professional applications. Investors weighed long-term AI PC opportunities against near-term valuation and broader market caution, pressuring the stock slightly. 💥 Find the Next KnockoutStock! Get live prices, charts, and KO Scores from KnockoutStocks.com , the data-driven platform ranking every stock by quality and breakout potential. Qualcomm stock slipped marginally in recent trading even as the chipmaker unveiled a strategic investment and partnership aimed at pushing artificial intelligence deeper into enterprise workflows. Through its venture arm, Qualcomm Ventures, the company led an $8 million Series B extension in SpotDraft, an India-based AI contract management platform, lifting the startup’s total funding to $92 million. The investment is not just financial. Qualcomm is working with SpotDraft to develop fully on-device legal AI that runs entirely on Snapdragon processors, allowing sensitive contract analysis to be performed locally without continuous cloud connectivity. This move aligns with Qualcomm’s broader vision of positioning its Snapdragon X Elite and upcoming AI PC chips as the foundation for secure, high-performance, and power-efficient on-device intelligence. Despite the strategic significance, QCOM shares dipped fractionally, reflecting a market that appeared more focused on near-term valuation and macro factors than on the long-term promise of niche enterprise AI deployments. Offline Contract Intelligence Showcased SpotDraft recently demonstrated its technology at the Snapdragon Summit 2025, where it showed contract review, clause extraction, and risk scoring running offline on Snapdragon...