The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but its refusal to raise its long-term sales target sent shares tumbling more than 12% in after-hours trading.View on euronews
The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but its refusal to raise its long-term sales target sent shares tumbling more than 12% in after-hours trading.View on euronews
Investing.com -- European semiconductor stocks fell on Thursday after Broadcom held its $100 billion artificial intelligence revenue forecast unchanged, disappointing investors and sending the U.S. chipmaker’s shares down more than 13% in premarket trading.
Investing.com -- European semiconductor stocks fell on Thursday after Broadcom held its $100 billion artificial intelligence revenue forecast unchanged, disappointing investors and sending the U.S. chipmaker’s shares down more than 13% in premarket trading.
Thailand’s richest man, Sarath Ratanavadi , plans to spend as much as 140 billion baht ($4.3 billion) through Gulf Development Pcl over the next five years to expand data centers and other infrastructure needed to support the artificial intelligence boom. The nation’s largest power producer aims to add as much as 2,000 megawatts of data center capacity during the period to meet rising demand for A...
Thailand’s richest man, Sarath Ratanavadi , plans to spend as much as 140 billion baht ($4.3 billion) through Gulf Development Pcl over the next five years to expand data centers and other infrastructure needed to support the artificial intelligence boom. The nation’s largest power producer aims to add as much as 2,000 megawatts of data center capacity during the period to meet rising demand for AI and cloud-computing services, Chief Financial Officer Yupapin Wangviwat said during a video conference with investors on Thursday. The company and its partners currently operate facilities with a combined capacity of about 200 megawatts. “We see AI and cloud computing as major growth opportunities for our company,” she said. “Our strong footprint and expertise in the power business give us a significant advantage as we expand into these areas.” The company’s shares jumped as much as 5.8% to a record on Thursday, set to push their gain for the year above 61%. The move reflects a growing race across Southeast Asia to build the computing power needed for AI. Technology companies are pouring billions of dollars into data centers as they seek more capacity for AI tools and online services, creating new opportunities for energy and infrastructure providers. After consolidating his power and telecommunications businesses into Gulf Development last year, Sarath — whose net worth stands at $18.3 billion, according to Bloomberg Billionaires Index — has been steering the company into new areas including digital infrastructure, virtual banking and AI-related services as it looks for new sources of growth. Gulf Development has been strengthening its presence in the sector through partnerships with companies including Microsoft Corp. and Singapore Telecommunications Ltd. , as demand for computing capacity accelerates across the region. It also entered into an agreement early this year with Alphabet Inc. ’s Google to jointly explore business opportunities. Read More: Thai Billionaire Sa...
Weiss Ratings analyst Chris Graebe outlines how Regulation A offerings let retail investors access private companies like FJET, NUCL, and CNXU before their public listings.
Weiss Ratings analyst Chris Graebe outlines how Regulation A offerings let retail investors access private companies like FJET, NUCL, and CNXU before their public listings.
(RTTNews) - The German stock market's benchmark index moved higher Thursday morning as oil prices fell sharply following Israel and Lebanon agreeing to renew their ceasefire.
(RTTNews) - The German stock market's benchmark index moved higher Thursday morning as oil prices fell sharply following Israel and Lebanon agreeing to renew their ceasefire.
England could face knockout ties against DR Congo, Mexico, Brazil and Argentina before facing Spain in the final By Opta Analyst Who will England have to beat to win the World Cup for the first time since 1966? We can’t predict the future but, with the help of the Opta supercomputer, we can give a probabilistic estimate of what could happen. Let’s establish the “what if” scenarios and map out Engl...
England could face knockout ties against DR Congo, Mexico, Brazil and Argentina before facing Spain in the final By Opta Analyst Who will England have to beat to win the World Cup for the first time since 1966? We can’t predict the future but, with the help of the Opta supercomputer, we can give a probabilistic estimate of what could happen. Let’s establish the “what if” scenarios and map out England’s potential route to the final. Continue reading...
AlexSecret Mobile app marketing and monetization platform Liftoff Mobile ( LFTO ) priced its IPO of 19M shares at $23 per share, raising ~$437M in gross proceeds. The pricing came above the previously marketed range of $20-$22 per share. The underwriters have a 30-day option to purchase up to an additional 2.85M shares to cover over-allotments. Shares are expected to begin trading on Nasdaq on Jun...
AlexSecret Mobile app marketing and monetization platform Liftoff Mobile ( LFTO ) priced its IPO of 19M shares at $23 per share, raising ~$437M in gross proceeds. The pricing came above the previously marketed range of $20-$22 per share. The underwriters have a 30-day option to purchase up to an additional 2.85M shares to cover over-allotments. Shares are expected to begin trading on Nasdaq on June 4 under the ticker symbol "LFTO," with the offering expected to close on June 5, 2026. The company said it plans to use the net proceeds to repay outstanding debt under its senior secured term loan facility, with the remaining proceeds earmarked for general corporate purposes and offering-related expenses. More on Liftoff Mobile, Inc. Financial information for Liftoff Mobile, Inc.