AMD (NasdaqGS:AMD) announced a multi year collaboration with the French government to support France’s national AI strategy, focused on sovereign and data center level AI infrastructure. The company also committed a US$60 million investment in UK self driving startup Wayve, alongside Arm and Qualcomm, targeting next generation automotive AI systems. For readers tracking AMD’s shift toward AI centr...
AMD (NasdaqGS:AMD) announced a multi year collaboration with the French government to support France’s national AI strategy, focused on sovereign and data center level AI infrastructure. The company also committed a US$60 million investment in UK self driving startup Wayve, alongside Arm and Qualcomm, targeting next generation automotive AI systems. For readers tracking AMD’s shift toward AI centric revenue streams, these moves expand the story beyond core CPUs and GPUs. The France...
In this article PRX-NL NVDA TSM ASML Follow your favorite stocks CREATE FREE ACCOUNT This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here. Nvidia has cemented itself at the heart of the AI boom with a monopoly on the most powerful chips to train and run models, but a growing crop of startups are set on challenging the company's supremacy. And incr...
In this article PRX-NL NVDA TSM ASML Follow your favorite stocks CREATE FREE ACCOUNT This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here. Nvidia has cemented itself at the heart of the AI boom with a monopoly on the most powerful chips to train and run models, but a growing crop of startups are set on challenging the company's supremacy. And increasingly, investors are throwing huge sums behind them. In 2026, AI chip startups raised $8.3 billion in funding, globally, according to Dealroom. Barring a near total collapse of the market, the sector is expected to see record sums pumped into it this year. So what's causing the spike? While Nvidia's graphics processing units (GPUs) — which were originally designed for gaming — have been effectively repurposed for AI training, focus is now shifting to the most efficient ways to actually deploy the tech in applications, known as AI inference. The argument of these chip upstarts is this: GPUs weren't purpose-designed for AI, and therefore, novel system architecture will bring big savings in energy and cost. "Inference is dominant now, and the existing GPU architecture wasn't built for it in ways that matter most at scale," Patrick Schneider-Sikorsky, director at the Nato Innovation Fund (NIF), which has invested in U.K. AI chip startup Fractile, told me. Nvidia, which has huge advantages as the world's most valuable company with an almost limitless supply of cash, is still racing to develop new chips to power AI. In December, the company acquired assets from AI inference startup Groq for $20 billion and announced it had invested $4 billion into two companies developing photonics technology in March. The chip giant also spent more than $18 billion on research and development in its most recent full financial year, ending January 2026. Startup funding But investors haven't been deterred from throwing money behind new, and often untested at scale, AI chip technology. In the U....
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at a banner week for Blue Owl, one firm’s sobering take on stress in US loans and why buyout houses should plan sales immediately after their acquisitions. But first we explore fresh demands on private credit firms...
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at a banner week for Blue Owl, one firm’s sobering take on stress in US loans and why buyout houses should plan sales immediately after their acquisitions. But first we explore fresh demands on private credit firms to fill a data void on loan performance. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Beware the Bogeyman Cast your mind back to childhood nightmares about the Bogeyman lurking in the darkness. How often did you return to peaceful slumber without flicking on the lights to check under your bed? An uneasy calm is descending on private credit markets after weeks of turmoil sparked by the so-called ‘SaaSpocalyse’ and the rapid flight of retail investors from direct lending funds managed by the most trusted names in the industry. The likes of Apollo’s Mark Rowan , Ares’ Mike Arougheti and Blue Owl’s Marc Lipschultz have been quick to reassure clients about the resilience of the asset class but others say the sector must now address an unacceptable dearth in performance data before a new shock crushes rebounding sentiment. Transparency is the only way to address Bogeyman fears about asset-quality and “sell first, ask questions later” investor behaviors, Jeff Diehl , managing partner and head of investments at Adams Street Partners told Going Private. “Current disclosure standards are incomplete, and for the benefit of investors and the health of the private credit industry, that needs to change,” he said. Business development companies give individuals and small institutions access to private credit via portfolios of direct loans, which have historically offered attractive yields relative to more liquid credit investments. But the majority of retail backers are lacking timely and comprehensive data to distinguish quality...
Elon Musk is working at “light speed” to sign up chip suppliers to fulifill his $25B Terafab semiconductor dream. Speedy Price Estimates According to a report on Bloomberg, Musk’s team is reaching out to a number of chip industry suppliers such as Applied Materials (AMAT), Tokyo Electron (TOELY) and Lam Research Corporation (LRCX). It is reported that employees working for the Tesla (TSLA) and Spa...
Elon Musk is working at “light speed” to sign up chip suppliers to fulifill his $25B Terafab semiconductor dream. Speedy Price Estimates According to a report on Bloomberg, Musk’s team is reaching out to a number of chip industry suppliers such as Applied Materials (AMAT), Tokyo Electron (TOELY) and Lam Research Corporation (LRCX). It is reported that employees working for the Tesla (TSLA) and SpaceX joint venture have, over the last seven days, sought price quotes and delivery times for a range
STORY: From a major Netflix exit to luxury being out of fashion for cost-conscious spenders... this is The Week in Numbers. :: 9% As much as 9% is how far Netflix shares plunged on the news of a big departure. Company chairman and co-founder Reed Hastings announced he's leaving after 29 years with the entertainment giant. It comes with Netflix looking for new avenues of growth as sales slow due to...
STORY: From a major Netflix exit to luxury being out of fashion for cost-conscious spenders... this is The Week in Numbers. :: 9% As much as 9% is how far Netflix shares plunged on the news of a big departure. Company chairman and co-founder Reed Hastings announced he's leaving after 29 years with the entertainment giant. It comes with Netflix looking for new avenues of growth as sales slow due to competition... The firm also forecast earnings per share in the current quarter below analyst expectations. :: 58% 58% is how high first-quarter profit leapt for TSMC to hit a record $18.2 billion. The world's biggest contract manufacturer of advanced AI chips saw massive demand for its products. The company further raised its annual revenue forecast. And said it's stepping up capital spending this year to potentially as high as $56 billion. :: $11.5 billion $11.5 billion is how much Amazon said it would pay to buy satellite firm Globalstar. Shares in both firms soared after the update. It's another sign the online giant wants to compete with Elon Musk's rival Starlink. The deal sees Amazon add Globalstar's two dozen satellites to its existing network of more than 200. :: 14% As much as 14% is how far Hermes shares sank after a weak sales update. It was a tough week for luxury fashion brands as stock prices dropped at other top names like Gucci owner Kering. Investors sold off as the war in Iran weighed on demand in the Middle East and tourism in Europe. The conflict has been felt from Dubai mall sales to soaring energy prices hitting consumer spending. :: 20% And 20% is how high analysts raised earnings forecasts for BP. The energy major said it expects its huge oil trading desk to post 'exceptional' results for the first quarter. It signals a windfall from the spike in oil prices caused by the U.S.-Israeli war against Iran. Rival Shell also gave a similar outlook for Q1 due to strong oil trading results.
Just_Super/E+ via Getty Images From time to time, I screen for stocks that might be interesting and fit my investment criteria of high-quality businesses with a wide economic moat. And when looking for companies with stable margins and high return on invested capital, we will find, at some point, Automatic Data Processing, Inc. ( ADP ). However, ADP is also showing up in other screenings due to th...
Just_Super/E+ via Getty Images From time to time, I screen for stocks that might be interesting and fit my investment criteria of high-quality businesses with a wide economic moat. And when looking for companies with stable margins and high return on invested capital, we will find, at some point, Automatic Data Processing, Inc. ( ADP ). However, ADP is also showing up in other screenings due to the steep declines in the last few months. Presently, ADP is among the top 5% of worst performers in the S&P 500 over the last six months and has declined 40% from its previous all-time high. Data by YCharts In the following article, we will analyze ADP and determine whether the company is actually a business with a wide economic moat and whether the stock is a good investment at this point. We will see that ADP might have a wide economic moat around its business. However, there is a risk that the moat might erode, and high-growth rates are still necessary for the stock to be clearly undervalued. And with the rising risk of GenAI being a challenge to ADP, I don’t know whether we should assume such high growth rates. Company Description As always, when writing about a business for the first time, we start with a business description. If you are already familiar with the business, you can skip this section. Automatic Data Processing is an American provider of cloud-based human resource management and payroll processing services. The software application company was founded in 1949 and had its IPO in 1980. Today, the company has about 67,000 employees and generates about $20 billion in annual revenue. The company has about 1.1 million customers and is processing the payroll for about 42 million people in 140 countries around the world, and the employee tax statements for about 78 million people. ADP Investor Day Presentation The business is reporting in two different segments: Employer Services: This segment offers human resources outsourcing solutions, including software platfo...
Kura Oncology ( KURA ) added ~5% in the premarket on Friday after releasing positive data from a Phase 1 trial for its next-gen farnesyl transferase inhibitor, darlifarnib (KO-2806), in patients with clear cell renal cell carcinoma, a type of kidney cancer. Citing a subset analysis of the ongoing FIT-001 clinical trial, the cancer drug developer stated that darlifarnib led to tumor shrinkage in 75...
Kura Oncology ( KURA ) added ~5% in the premarket on Friday after releasing positive data from a Phase 1 trial for its next-gen farnesyl transferase inhibitor, darlifarnib (KO-2806), in patients with clear cell renal cell carcinoma, a type of kidney cancer. Citing a subset analysis of the ongoing FIT-001 clinical trial, the cancer drug developer stated that darlifarnib led to tumor shrinkage in 75% of patients when combined with cabozantinib, a tyrosine kinase inhibitor marketed by Exelixis ( EXEL ) as Cabometyx. The analysis focused on 16 patients who had previously received cabozantinib, a group the company said is unlikely to respond to another round of cabozantinib therapy. Additional results from FIT-001 indicate a 44% objective response rate and a 94% disease control with treatment durations ranging from 8 to 86 weeks. At the time of the data cut, six patients remained on therapy, according to the results presented at a kidney cancer event in France. “These data highlight the potential of darlifarnib to overcome resistance to prior cabozantinib and enhance the activity of VEGF TKIs in patients with advanced RCC,” Kura’s ( KURA ) medical chief Mollie Leoni remarked. More on Kura Oncology Kura Oncology: Commercialization In AML Presents Asymmetric Upside Kura Oncology, Inc. (KURA) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Kura Oncology, Inc. 2025 Q4 - Results - Earnings Call Presentation Kura Oncology anticipates $7B AML opportunity as KOMZIFTI launches and combination strategies advance Kura Oncology GAAP EPS of -$0.92 misses by $0.18, revenue of $17.34M misses by $18.11M