Early results show Steve Hilton, Xavier Becerra and Tom Steyer emerging in front, with many ballots to be counted The high-stakes gubernatorial race in California remained too close to call on Tuesday night, with early results showing a tight contest in the crowded race. With many ballots still left to be counted, three candidates emerged at the top: Republican Steve Hilton and Democrats Xavier Be...
Early results show Steve Hilton, Xavier Becerra and Tom Steyer emerging in front, with many ballots to be counted The high-stakes gubernatorial race in California remained too close to call on Tuesday night, with early results showing a tight contest in the crowded race. With many ballots still left to be counted, three candidates emerged at the top: Republican Steve Hilton and Democrats Xavier Becerra and Tom Steyer. And results were clear enough that two Democratic candidates – San Jose mayor Matt Mahan and former Los Angeles mayor Antonio Villaraigosa – conceded the race shortly after polls closed. Continue reading...
MF3d/iStock via Getty Images Get ready for a magnificent month, and then some. Mega-cap tech stocks dominate the corporate event calendar in June, already highlighted by Nvidia ( NVDA ) CEO Jensen Huang’s keynote address at Computex 2026 in Taiwan earlier this week, one of many major conferences. He detailed the future of AI, along with how consumers will use the revolutionary technology. Nvidia d...
MF3d/iStock via Getty Images Get ready for a magnificent month, and then some. Mega-cap tech stocks dominate the corporate event calendar in June, already highlighted by Nvidia ( NVDA ) CEO Jensen Huang’s keynote address at Computex 2026 in Taiwan earlier this week, one of many major conferences. He detailed the future of AI, along with how consumers will use the revolutionary technology. Nvidia debuted its RTX processor for Windows, effectively taking aim at competitors Intel ( INTC ) and AMD ( AMD ). Shares of Qualcomm ( QCOM ) and Texas Instruments ( TXN ) also traded lower on June’s first trading day. NVDA lifted 6% to kick off the month. What else is on the docket before mid-year? Let’s dive in. The AI Rally Has Been Relentless First, we should catch our collective breath. The S&P 500’s Information Technology sector rallied 50% from its March 30 low, trouncing all other groups. Eye-popping, jaw-dropping, and face-ripping rallies from memory/storage and hardware names such as Micron ( MU ), SanDisk ( SNDK ), Dell Technologies ( DELL ), and now Hewlett Packard Enterprise ( HPE ) swiped some of the shine off the legacy Mag 7 companies. Indeed, the likes of Micron, SK Hynix ( HXSCL ), and Samsung ( SSNLF ) are now in the vaunted trillion-dollar market-cap club. Semiconductors Face Their First Test Turning back to the calendar, volatility catalysts appear mid-week. On Wednesday, June 3, Samsung presents at the Bank of America Global Technology Conference, with Broadcom ( AVGO ) Q2 results due out after the close. What's more, Taiwan Semiconductor ( TSM ) hosts its Annual General Meeting on Thursday. So, the VanEck Semiconductor ETF ( SMH ) could swing around amid all micro company and macro jobs data crossing the wires between now and 8:30 a.m. ET Friday. Nvidia Takes the Spotlight... Again Nvidia then grabs the mic at the BofA tech event Thursday morning. We could learn more about the world’s most valuable company’s inroads into the PC market. Could there be ...
peshkov/iStock via Getty Images Capital market activity in Europe's IT sector declined on a sequential and year-over-year basis to $804.7 million in April, according to S&P Global Market Intelligence data. By comparison, the sector raised $4.52 billion through capital offerings in March and $1.50 billion in April 2025. Debt offerings made up the bulk of the total in April at $531.2 million, while ...
peshkov/iStock via Getty Images Capital market activity in Europe's IT sector declined on a sequential and year-over-year basis to $804.7 million in April, according to S&P Global Market Intelligence data. By comparison, the sector raised $4.52 billion through capital offerings in March and $1.50 billion in April 2025. Debt offerings made up the bulk of the total in April at $531.2 million, while common equity offerings amounted to $273.5 million. German semiconductor company AIXTRON SE's ( AIXXF )( AIIXY ) $530 million convertible bond offering was the largest of the month and the eighth-largest in the sector year to date. The company intends to use the net proceeds for general corporate purposes, which may include investments to support organic growth, acquisitions and share buybacks. REC Silicon ASA ( RNWEF )( RNWEY ), a Norwegian producer and seller of silicon materials for the solar and electronics industries, completed a $100 million common equity offering on April 7. The transaction was a subscription rights offering, with Anchor AS, REC Silicon's largest shareholder, agreeing to fully guarantee the rights issue. Proceeds will be used to repay advance payments on a long-term $30 million offtake contract, repay existing debt facilities and for general corporate purposes. In the same month, Raspberry Pi Holdings PLC ( RPBPF ), a developer of single-board computers, compute modules and semiconductors, completed an $80 million common stock placement. The underwriters were Jefferies International Ltd. and Peel Hunt LLP. Nebius Group NV's ( NBIS ) offerings of $2.59 billion and $1.75 billion in March are the largest so far this year, followed by two Infineon Technologies AG offerings in February, each worth $890 million. Systems software companies in Europe raised the most capital so far this year, at $6.34 billion, while semiconductor companies raised $2.37 billion and communications equipment companies raised $780 million. Original Post Editor's Note: The summary...
SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon, according to people familiar with the matter. Separately, a report by Reuters said Elon Musk’s rocket launch, satellite and AI company aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion listing. Bloomberg's Danny Lee has more. (Source: Bloomberg)
SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon, according to people familiar with the matter. Separately, a report by Reuters said Elon Musk’s rocket launch, satellite and AI company aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion listing. Bloomberg's Danny Lee has more. (Source: Bloomberg)