Sundry Photography/iStock Editorial via Getty Images SpaceX's ( SPCX ) revenue could reach $3.4T in 2040, and adjusted EBITDA could top $2.7T, according to a Morgan Stanley analysis shared with top investors, The Wall Street Journal reported Friday. SpaceX ( SPCX ), which will seek to raise ~$75B next week in what would be the largest-ever IPO, amassed revenue of $18.7B in 2025 and a loss of $4.9B...
Sundry Photography/iStock Editorial via Getty Images SpaceX's ( SPCX ) revenue could reach $3.4T in 2040, and adjusted EBITDA could top $2.7T, according to a Morgan Stanley analysis shared with top investors, The Wall Street Journal reported Friday. SpaceX ( SPCX ), which will seek to raise ~$75B next week in what would be the largest-ever IPO, amassed revenue of $18.7B in 2025 and a loss of $4.9B. Research analysts at Goldman Sachs and Morgan Stanley both projected SpaceX's ( SPCX ) 2028 revenue at ~$160B, with Goldman estimating revenue would exceed $470B in 2030 and Morgan Stanley forecasting nearly $330B, the report also said. Investment bankers at Goldman and Morgan Stanley secured the top two roles out of the 21 banks on SpaceX's ( SPCX ) IPO, putting their banks in line to grab the biggest shares of fees totaling hundreds of millions of dollars. More on SpaceX SpaceX: The Lockup Schedule And AI Losses Are Pushing Me To The Sidelines Wall Street Lunch: SpaceX Eyes $75B IPO At $1.75T Valuation SpaceX: Lessons From The Post-IPO Drawdowns Of Mega-Tech Royalty
Investing.com -- The most closely watched element of Apple's Worldwide Developers Conference this year will be how the company integrates a revamped Siri across its operating system and ecosystem, with particular focus on whether it lays the groundwork for agentic AI workflows, Citi said following an expert call with IDC analysts.
Investing.com -- The most closely watched element of Apple's Worldwide Developers Conference this year will be how the company integrates a revamped Siri across its operating system and ecosystem, with particular focus on whether it lays the groundwork for agentic AI workflows, Citi said following an expert call with IDC analysts.
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Broadcom ( AVGO ) is well-positioned to capture the second wave of the Generative AI deployment cycle, particularly the surge in usage of inference Application Specific Integrated Circuits "ASICs". Large tech companies are increasingly utilizing their own chips, which some argue are more cost-efficient than NVIDIA's ( NVDA ) GPUs in cer...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Broadcom ( AVGO ) is well-positioned to capture the second wave of the Generative AI deployment cycle, particularly the surge in usage of inference Application Specific Integrated Circuits "ASICs". Large tech companies are increasingly utilizing their own chips, which some argue are more cost-efficient than NVIDIA's ( NVDA ) GPUs in certain applications. Broadcom is a leading designer of these chips, and stands to benefit from this secular tailwind as AI transitions from training into inference and agentic workloads. In the past article , I highlighted early on Broadcom's favorable position in the ASIC market, and rightly predicted a surge in revenue, although one might argue that my call was a bit premature. However, despite Broadcom's post-market stock price drop, shares don't look particularly attractive in terms of valuation, raising concerns over long-term returns. Spectacular Q2'26 Results Broadcom reported exceptional Q2'26 results. Total revenue stood at $22.2 billion, up 47.8% YoY and 14.8% QoQ. The Semiconductor Solutions segment, which houses ASIC and high-performance interconnect products, grew by 78.5% YoY and 19.9% QoQ. This could be an early sign of an inflection point, as hyperscalers increase the use of ASIC chips. This conclusion is supported by management's Q3'26 guidance, with Broadcom forecasting $29.4 billion in total revenue, up 84% YoY and 33% QoQ, the type of exponential growth that has become the hallmark of the AI buildout trade. Non-GAAP EPS stood at $2.44/share, above Wall Street's consensus estimates of $2.4/share. Equally important, management seems to expect more or less stable profitability despite the rise in revenue, another hallmark of the AI trade. In Q3'26, management expects non-GAAP operating margin at 67% versus 67.3% in Q2'26. Early Signs of AI Industry Pivot Prior to FQ4'25, Broadcom's growth has been lumpy, lacking the defining features of double-digit QoQ reven...
Comparing iShares U.S. Technology ETF (NYSEMKT:IYW) and Vanguard Information Technology ETF (NYSEMKT:VGT) reveals that while both offer aggressive growth through the tech sector, VGT provides lower costs and broader diversification. Both funds target the high-growth domestic technology market, but they follow different indexing philosophies. Investors frequently use these instruments to gain conce...
Comparing iShares U.S. Technology ETF (NYSEMKT:IYW) and Vanguard Information Technology ETF (NYSEMKT:VGT) reveals that while both offer aggressive growth through the tech sector, VGT provides lower costs and broader diversification. Both funds target the high-growth domestic technology market, but they follow different indexing philosophies. Investors frequently use these instruments to gain concentrated exposure to the silicon and software giants that drive modern markets, though their underlying indexes treat specific megacap stocks differently. While IYW includes certain internet-based communication giants, VGT sticks to a more traditional information technology definition. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
BlockchAIn Digital Infrastructure ( AIB ) on Friday announced the pricing of its underwritten public offering of 33.33M shares of its common stock at a public offering price of $1.65 per share, for total gross proceeds of approximately $55 million. The company intends to use the net proceeds from the offering for working capital, capital expenditures relating to growing its business, and general c...
BlockchAIn Digital Infrastructure ( AIB ) on Friday announced the pricing of its underwritten public offering of 33.33M shares of its common stock at a public offering price of $1.65 per share, for total gross proceeds of approximately $55 million. The company intends to use the net proceeds from the offering for working capital, capital expenditures relating to growing its business, and general corporate purposes. All of the shares of common stock to be sold in the offering will be sold by the company. In addition, the company has granted the underwriter a 45-day option to purchase up to an additional 4.99M shares of its common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about June 8, 2026. More on BlockchAIn Digital Infrastructure, Inc. Financial information for BlockchAIn Digital Infrastructure, Inc.
ABM Industries (ABM) delivered earnings and revenue surprises of -2.05% and +2.95%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
ABM Industries (ABM) delivered earnings and revenue surprises of -2.05% and +2.95%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
Goldman Sachs has told clients to be aggressive buyers of Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) on any share price weakness following the US chipmaker's second-quarter results. In doing so, it argued that the modest near-term disappointment relative to elevated expectations masks an...
Goldman Sachs has told clients to be aggressive buyers of Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) on any share price weakness following the US chipmaker's second-quarter results. In doing so, it argued that the modest near-term disappointment relative to elevated expectations masks an...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I write about the rupee’s turning fortunes and my colleague Anto Antony unpacks Blackstone’s Royal Challengers Ben...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I write about the rupee’s turning fortunes and my colleague Anto Antony unpacks Blackstone’s Royal Challengers Bengaluru bet. The Showstopper India’s central bank held fire on rising prices, and, with help from the government , pulled out a bazooka to rescue the rupee . The currency-related measures are expected to boost fresh dollar inflows by an estimated $30 billion-$50 billion in the current financial year, according to Radhika Piplani, an economist with Motilal Oswal Financial Services. “This was a well-choreographed move between the RBI and government to attract foreign capital,” she said. “This is positive for the rupee.” The currency rallied almost 1% against the dollar. Five big moves today 1. Foreign investment in government bonds has been exempted from tax on interest and capital gains, effective April 1, 2026. This will increase the returns for foreign portfolio investors by 15-20%, according to Rajesh Gandhi, a partner at Deloitte India. It will make Indian government bonds more attractive by improving their returns relative to bonds in other countries, he said in an emailed comment. 2. The pool of government bonds eligible for unrestricted foreign investment has been widened to include longer-tenor bonds, whereas certain limits on investments in the general category have been removed. The combined foreign holding through both routes is currently just over 3% . 3. The central bank will subsidize hedging costs for state-owned companies taking overseas loans and for authorized dealer banks raising three-to-five-year foreign currency deposits. These facilities will be provided till Sept. 30. 4. The time limit for exporters to bring back proceeds has been restored to nine mont...
Evercore Holdings ( OTC: EVHO ) on Friday said its board of directors approved a reduction in the company's authorized common shares to 500 million from 10 billion. The company said the reduction, representing a 95% decrease in authorized shares, has been approved by a majority of the board and a majority of shareholders. Evercore Holdings said it expects to file the required amendment with the Se...
Evercore Holdings ( OTC: EVHO ) on Friday said its board of directors approved a reduction in the company's authorized common shares to 500 million from 10 billion. The company said the reduction, representing a 95% decrease in authorized shares, has been approved by a majority of the board and a majority of shareholders. Evercore Holdings said it expects to file the required amendment with the Secretary of State within the next seven business days. Source: Press Release More on Kona Gold Solutions Financial information for Kona Gold Solutions
If you're a decade away from retirement, you're at a critical point in your savings journey. You still have plenty of time for your investments to grow. But you're also reaching the point when protecting your savings becomes increasingly important. The 401(k) moves you make in the near term could help you feel more secure about your impending retirement, even if you're not quite ready to begin tha...
If you're a decade away from retirement, you're at a critical point in your savings journey. You still have plenty of time for your investments to grow. But you're also reaching the point when protecting your savings becomes increasingly important. The 401(k) moves you make in the near term could help you feel more secure about your impending retirement, even if you're not quite ready to begin that final countdown. Here are three key moves to keep on your radar. Image source: Getty Images. Continue reading
欧盟委员会日前正式推出名为“技术主权一揽子计划”的政策提案，其核心法律文本为《云与人工智能发展法案》（Cloud and AI Development Act），旨在降低欧洲对美国科技巨头的数字化依赖，防范供应链被“武器化”的风险。然而，该法案在试图兼顾“减少依赖”与“避免激怒美方”双重目标时，引发了欧洲内部及美方产业界的强烈质疑，被指陷入“两头不讨好”的政策困境。 根据欧盟委员会公布的法案内容，...
欧盟委员会日前正式推出名为“技术主权一揽子计划”的政策提案，其核心法律文本为《云与人工智能发展法案》（Cloud and AI Development Act），旨在降低欧洲对美国科技巨头的数字化依赖，防范供应链被“武器化”的风险。然而，该法案在试图兼顾“减少依赖”与“避免激怒美方”双重目标时，引发了欧洲内部及美方产业界的强烈质疑，被指陷入“两头不讨好”的政策困境。 根据欧盟委员会公布的法案内容，该规划引入了一套针对数字化工具的四级认证机制。根据该机制，欧盟公共机构必须评估数字化工具抵御外部干预的脆弱性，并在特定关键领域及敏感部门，强制要求使用欧洲本土供应链替代外国技术服务。但批评人士指出，该法案仍为美国科技巨头留出了大量的欧洲市场空间。法案能否在敏感领域实质性收紧限制，完全取决于布鲁塞尔及各成员国是否有足够的政治意愿来承担激怒华盛顿的风险。 在欧洲内部，该法案因“力度不足”和“缺乏战略雄心”遭到多方抨击。欧洲议会中左翼议员萨拉（Aura Salla）在针对欧盟负责技术事务的委员海娜·维尔库宁（Henna Virkkunen）的听证会上直言，欧盟委员会应当明确向公众宣布，美国在数字化公共服务领域已不再是可信赖的伙伴。中派议员格鲁德勒（Christophe Grudler）和绿党议员斯帕伦塔克（Kim van Sparrentak）则分别指出，提案过于纵容、漏洞颇多，仍允许外国公司渗透欧洲经济的敏感部分，根本不足以确保欧洲关键数字基础设施的长期独立性。此外，法案还因缺乏对数据中心能耗和清洁能源的约束，引发了绿党等阵营对环保标准缺失的不满。 与此同时，尽管欧盟委员会极力将该法案粉饰为不针对特定国家的常态化监管，但仍引发了美国政商界的强烈反弹和“保护主义”指责。美国信息技术工业理事会（ITI）、计算机与通信工业协会（CCIA）以及进步商会（Chamber of Progress）等代表 亚马逊 、 微软 、 谷歌 、Meta等美资巨头利益的行业游说组织密集发声。美方团体发表声明称，该法案基于地理和国籍的准入标准破坏了公平竞争，实际上是给欧洲各成员国颁发了“全权委托书”，企图将欧盟以外的所有全球成熟供应商排除在欧洲主要技术市场之外。 值得注意的是，在欧盟委员会极力向华盛顿妥协、辩称“技术主权不等于保护主义”的同时，欧洲内部的政策协调也面临地缘政治的多重拉扯。就在维尔库宁向媒...
Nvidia and Siemens have partnered with nVent Electric (NYSE:NVT) to create a blueprint for AI data centers. The collaboration focuses on critical electrical, cooling and safety infrastructure tailored to AI workloads. The project highlights nVent's role in next generation data center design tied to rising AI demand. For investors tracking NYSE:NVT, this development adds a new angle beyond recent s...
Nvidia and Siemens have partnered with nVent Electric (NYSE:NVT) to create a blueprint for AI data centers. The collaboration focuses on critical electrical, cooling and safety infrastructure tailored to AI workloads. The project highlights nVent's role in next generation data center design tied to rising AI demand. For investors tracking NYSE:NVT, this development adds a new angle beyond recent share price moves. The stock trades at $173.88, with returns of 5.5% over the past week, 62.8%...