Applied Materials (NASDAQ:AMAT) Chief Executive Officer Gary Dickerson said artificial intelligence is driving a multi-year expansion in semiconductor manufacturing demand, with the company positioned around the areas he described as the fastest-growing parts of wafer fab equipment spending. Speaking at a Bernstein conference with Senior Analyst Stacy Rasgon, Dickerson called AI “the biggest technology inflection of our lifetimes” and said demand is centered on leading-edge foundry logic, DRAM and advanced packaging. He said those three categories represent “way more than 80%” of incremental wafer fab equipment spending in 2026 and are expected to remain central to growth. Dickerson said Applied is also using AI internally across innovation, product development, operations, supply chain, service engineering and process engineering. He said the technology is expected to help the company bring “multi-billion dollar products to market faster,” including some later this year, and make service engineers more productive. AI Demand Drives Logic, DRAM and Packaging In leading-edge foundry logic, Dickerson highlighted gate-all-around transistors, backside power delivery and wiring innovations as important drivers of Applied’s business. He said the adoption of gate-all-around and backside power increases Applied’s revenue per wafer start by about 30% and that the combination of transistor and wiring opportunities can move from $12 billion to $14 billion for 100,000 wafer starts. Dickerson said Applied has built “integration innovators” over the past seven to eight years and that about 30% of the company’s revenue now comes from integrated systems, where multiple technologies are combined under vacuum. He said that capability is important because some films are only one or two atoms thick and can be damaged if exposed to air. In DRAM, Dickerson said Applied has gained about 10 points of share in overall DRAM spending over a little more than a decade and is “by far the leader” ...

Authorities in the United States charged Michele Spagnuolo, a software engineer at Google, with allegedly using insider information to profit more than $1.2 million from Polymarket bets. The Department of Justice (DoJ) charged Spagnuolo with commodities fraud, wire fraud, ...

Korea’s pay model misprices chip talent as TSMC, US reward engineers - CHOSUNBIZ Chosunbiz

Source: Bloomberg, 0:00

A growing number of artificial intelligence researchers now aim to build AI that can improve itself. But first… Three things to know: • Anthropic raises at $965 billion valuation, eclipsing OpenAI • Meta to sell AI chatbot subscriptions to offset spending • AI coding startup Cognition raises $1 billion at $26 billion value Continuous self-improvement The current AI boom has been shaped by an elite group of artificial intelligence researchers building more sophisticated models. Now, some firms are betting the next phase of AI will increasingly be defined by how much the technology can make itself better. In tech circles, a growing number of AI companies are focusing on recursive self-improvement (RSI), or the idea of an AI system capable of improving itself with little to no help from humans. As AI models have gotten better at writing and debugging code, there has been greater attention on RSI for future AI development. The hope is RSI will serve as an inflection point toward the industry’s lofty goal of building superintelligent AI that outmatches humans across the board. The risk, some say, is spurring a new era of runaway AI development that causes more job displacement and is tougher to oversee and control. The method, still unproven, may hinge on technologists achieving other research breakthroughs, including continual learning , or the ability for an AI model to improve its intelligence even after completing the development process. RSI will also depend on whether AI systems can come up with novel research ideas and execute on them. Still, investors are pouring money into startups working on “AI for AI” efforts. Inherent, a new company founded by several former Google DeepMind alums, is set to announce Thursday that it has raised $50 million in funding to chase this ambition. Recursive Superintelligence, an AI lab from renowned scientist Richard Socher pursuing similar research, recently landed $650 million in financing. And Ricursive Intelligence has nabbed mo...

(Bloomberg) -- Apollo Global Management Inc. and Blackstone Inc. are working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic PBC build out its AI infrastructure. Most Read from Bloomberg The debt will be used to purchase Google’s custom chips called TPUs, or tensor processing units, which Anthropic will then lease, according to people with knowledge of the matter. Broadcom Inc., which helps Google develop the chips, is backstopping payments on the largest portions of the transaction, said the people, who asked not to be identified because the information is private. The move would mark one of the largest-ever private credit deals and also the biggest chip-financing debt transaction. It aims to tap Broadcom’s credit quality to provide computing-power access to Anthropic, which just eclipsed rival OpenAI in valuation. Shares of Broadcom and Google owner Alphabet Inc. climbed in late trading on the news. Broadcom rose as much as 1.9% to an aftermarket high of $434.84, while Alphabet advanced as much as 1.2% to $394.81. The financing plan will help the maker of Claude meet its ambitious goals for building infrastructure. The company is racing with OpenAI to line up an initial public offering later this year as investors throw vast sums of money at AI services. Apollo’s quest for more chip-financing investors — what’s known as a debt syndication — is private, meaning it controls the invitations to potential backers. Apollo and Blackstone are planning to sell down some of the debt and keep significant portions for themselves, according to the people. Investors are being asked to give their orders this week, and the deal is expected to wrap up next week, the people said. Still, discussions are ongoing and details could change. Representatives for Apollo, Blackstone and Anthropic declined to comment. Representatives for Broadcom and Google didn’t immediately respond to requests for comment. Anthropic announced Thursday that it ...

This article first appeared on GuruFocus. Advanced Micro Devices (AMD, Financials) is expanding its AI ecosystem after Rocket One said it joined the company's AI Developer Program. The program gives Rocket One access to AMD cloud resources, developer tools, technical training and AI infrastructure that can help speed up early-stage chip development. Rocket One said it plans to use the platform to model and simulate semiconductor technologies tied to AI computing systems, including nanomagnetic and spintronic chip designs aimed at improving efficiency and reducing power use. For smaller technology companies, building advanced chip systems is expensive and time-consuming. Access to cloud-based AI tools allows them to test ideas earlier without spending heavily on physical infrastructure. The company is mainly focused on AI acceleration and radiation-tolerant computing systems that could be used in defense, autonomous platforms and space applications. For AMD, partnerships like this help strengthen its position in the growing AI developer market as more companies look for alternatives to Nvidia's ecosystem. Investors are also watching how AMD continues building relationships with startups and enterprise developers as competition in AI hardware expands.

Rocket One Joins AMD AI Developer Program TradingView

SpaceX ’s plan for a massive initial public offering has been the talk of the investing world this spring. The confetti will barely have been swept off the floor of the Nasdaq when listings from OpenAI and Anthropic PBC get going. The firms, which are among the most influential in artificial intelligence, are expected to go public as soon as in the fall. They would be hitting the stock market after lucrative stints as private companies. ChatGPT developer OpenAI was valued at $852 billion in March, while Anthropic, creator of the AI model Claude, has raised capital at a valuation of more than $965 billion. At these levels, the companies would each be worth more than corporate giants such as JPMorgan Chase Inc . and ExxonMobil Inc . The mania surrounding these businesses has captivated private markets, where access to shares is restricted to wealthy investors, financial institutions and employees. But public listings would test whether ordinary investors share the private market’s excitement for the AI dynamos. Despite their huge valuations, neither OpenAI nor Anthropic is profitable, and they need massive amounts of capital to pay for the computing power to build and run their models. IPO buyers would be betting that underwriting one of the most costly endeavors in corporate history will ultimately turn rapid sales growth into real profits. Why would Anthropic and OpenAI want to go public now? The appeal is twofold: There is expected to be insatiable demand for the shares, and the companies are eager to raise as much money as they can to power their operations. An entry to the public markets would open the door for cheaper — and quicker — debt and equity financing to fund their cash-needy operations. There also is a sense of competition as the two AI companies weigh going public on the heels of a likely June IPO for Elon Musk ’s SpaceX. The company acquired xAI, Musk’s AI venture, in early 2026. SpaceX could seek to raise $75 billion in its IPO, Bloomberg has reporte...

Her approach mirrors Samsung’s own strategy: integration across cultures, markets, technologies and people. For her, capability matters more than gender, and leadership is measured by deliverables, curiosity and inclusion. Zhao, however, downplays the symbolism of her title. Asked about breaking the glass ceiling in a male-dominated industry, she redirects the focus from identity to impact. “I don’t think it’s really a personal milestone,” she says. “The company’s success is really built on diversified perspectives.” At the centre of this ecosystem is Yiyin Zhao, Samsung Electronics Hong Kong’s first female managing director. Since her appointment in 2018, the company has become a market leader in foldables, smartphones and TVs across Hong Kong and Macau, while accelerating adoption of wearables, tablets, connected appliances and digital payment services. A preview of Samsung technology does not arrive quietly. A screen renders three-dimensional imagery without glasses, an AI-powered refrigerator suggests recipes and phones shift into privacy mode – handy on the MTR. It is immersive, seamless and almost frictionless. As Managing Director of Samsung Electronics Hong Kong, Yiyin Zhao shows that global scale and local insight can drive meaningful innovation. She is steering Samsung Hong Kong through the AI revolution with human-centred leadership, localisation and accessible innovation. SCMP_C-Suite The Game Changers_Samsung_ Changing the game But to bring it to the start, she explains the wider ecosystem in which the company has to operate. Hong Kong is one of the world’s most unforgiving consumer electronics markets: compact, hyper-connected and intensely competitive, she explains. Advertisement “Consumers are extremely tech savvy, very advanced, very fast-paced,” she adds. It is also, she notes, “basically a test bed”. In a city where global brands collide and consumers upgrade quickly, survival depends on relevance. Samsung’s response has been twofold: build a conn...

What began as a rocket startup is now a big bet on satellites, AI and Mars. With a projected valuation near $2 trillion, SpaceX’s IPO could reshape markets. But is Wall Street rushing in too fast? (Source: Bloomberg)

VANCOUVER, British Columbia, May 28, 2026 (GLOBE NEWSWIRE) -- Central 1 Credit Union (Central 1) today reported first quarter financial results and provided an update on performance across its core businesses. “Our first quarter results reflect stable underlying performance and continued growth in our core businesses, amid a challenging economic environment,” said Sheila Vokey, President and CEO of Central 1. “We remain focused on disciplined execution, supporting our clients through transformation, and investing in the capabilities that will drive long-term growth.” First quarter 2026 compared with first quarter 2025: Net loss of $2.8 million, compared with net loss of $24.0 million Adjusted net loss 1 was $2.1 million, compared with adjusted net income of $6.6 million was $2.1 million, compared with adjusted net income of $6.6 million Net fair value gains of $0.4 million, compared with net fair value losses of $7.4 million Net interest income of $18.0 million, compared with $17.4 million ROE 2,3 was -1.3%, compared with -2.3% was -1.3%, compared with -2.3% Adjusted ROE 2 was -1.0%, compared with 0.8% was -1.0%, compared with 0.8% Total assets of $9.2 billion at March 31, 2026, compared with $9.6 billion as at December 31, 2025 Core Business & Financial Performance Treasury Treasury recorded a net loss of $1.2 million in the first quarter, primarily reflecting an increase in provision for credit losses related to the commercial loan portfolio. Excluding this item, underlying performance remained resilient, supported by solid revenue trends and higher net interest income driven by continued optimization of the funding mix. Payments Payments delivered strong top-line momentum in the quarter, generating notable revenue growth of 9.7% year-over-year driven by higher transaction volumes, customer expansion, pricing initiatives, and increased adoption of new and enhanced products. To support scalability, regulatory readiness, and long-term growth, Payments continued its ...

Across Wall Street, investors are assuming that a credible and lasting deal between the U.S. and Iran would be an unmitigated positive for stocks and other risky assets.

Dell Technologies stock climbed Thursday after the company secured a major Pentagon software contract ahead of quarterly earnings.

DOJ Launches Criminal Probe Into E. Jean Carroll Over Alleged Perjury In Trump Lawsuits The Department of Justice has opened a criminal investigation into E. Jean Carroll, the veteran advice columnist and author who won two major civil lawsuits against President Donald Trump, CBS News reports. Carroll accused Trump of sexually abusing her in a Bergdorf Goodman dressing room in the mid-1990s and then defaming her when he denied the encounter ever happened. The probe focuses on Carroll's 2022 deposition. She stated under oath that no outside parties were helping fund her cases . Later it came out that a nonprofit backed by billionaire Reid Hoffman – a sharp Trump critic and major Democratic donor – had covered some of her costs. The investigation is being handled by the U.S. Attorney’s Office in the Northern District of Illinois, led by Trump-appointed Andrew Boutros. No charges have been brought yet, and Acting Attorney General Todd Blanche has stepped aside from the matter. The Core Allegation: A Deposition Discrepancy During her October 2022 deposition, when asked directly if anyone else was paying her legal fees, Carroll said she was on a contingency arrangement with her lawyers and denied any outside funding . But in April 2023, her team disclosed that money had come from American Future Republic, a nonprofit largely funded by LinkedIn co-founder Reid Hoffman. Her lawyers called it an honest oversight – she simply forgot about the arrangement at the time . Trump’s side, however, called it suspicious and potentially damaging to her credibility. The Carroll-Trump Verdicts The lawsuits ended with big wins for Carroll: In 2023, a jury held Trump liable for sexual abuse and defamation, awarding Carroll about $5 million. In 2024, a second jury slapped him with an $83.3 million defamation verdict. Trump has vigorously appealed both outcomes, describing the entire process as a politically driven effort against him. The Reid Hoffman Connection Reid Hoffman has never hidde...

The S&P 500 (^GSPC +0.58%) struggled in the early part of 2026 but has gone on to rally in recent months. It's up close to 11% thus far, and even if it maintained such a gain through to the end of the year, it would perform better than its historical average of 10%. If that happens, it will mark a fourth consecutive year where the S&P 500 has generated above-average returns. But a lot hinges on how the economy is doing, or at least, how investors view things. And a lot of that is going to depend on economic data, such as inflation. On Thursday, the latest inflation numbers came out, and they weren't good, hitting their highest levels since late 2023. Here's why this could be a problem for the market. Inflation rose to 3.8% for April A key number the Federal Reserve typically considers when making monetary policy decisions is the Personal Consumption Expenditures (PCE) inflation rate, which covers a broader range of expenditures than the Consumer Price Index (CPI). Data released on Thursday showed that in April, the PCE inflation rate was 3.8%, up from 3.5% in March. And Core PCE, which excludes food and energy, was 3.3% -- the highest it's been since November 2023. Back then, inflation was on the way down, however, and investor sentiment was improving. Today, things are much different as consumers are more concerned about rising costs. Consumer sentiment hit a record low in May, falling even below levels it reached in 2022, when the stock market was crashing. It's yet another example of how there's been a disconnect between the economy and the stock market's overall performance. But whether that will continue to be the case is the big question moving forward. Could the S&P 500 be due for a pullback later this year? Generally, the stock market does well when inflation is low, and poorly when it's high, as is evident in the chart below. For now, it's still early, but it's a pattern worth watching. High inflation may lead to higher interest rates as the Fed seeks to sl...

美國通脹持續升溫，升至差不多3年來最高。市場估計，聯邦儲備局今年年底，加息機會率高於四成。 根據美國商務部數據，聯邦儲備局的通脹指標，個人消費開支物價，4月按年比較上升百分之3.8，為2023年5月以來最大升幅，較3月份高0.3個百分點，為連續第二個月升幅擴大。 扣除食品和能源的核心個人消費開支物價，按年比較上升百分之3.3，升幅為2023年11月以來最大，亦是連續第二個月擴大，較3月份高0.1個百分點。整體和核心物價升幅，都符合市場預測。 4月份個人支出按月比較增加百分之0.5，而扣除通脹的實則個人支出，只增加百分之0.1。個人收入則沒有增減。個人儲蓄率從3月份的百分之3.2，下降至百分之2.6，為2022年6月以來最低。數字反映，在通脹高於薪金增長的情況下，消費者正動用儲蓄維持生計。 利率期貨顯示，交易員幾乎肯定，聯邦儲備局下月16、17日的貨幣政策會議，將會維持利率不變，而在今年12月的會議，維持利率不變的機會率，大約為五成四，加息四分之一厘的機會率，為三成六左右，加息半厘的機會率大約為百分之9。

美國通脹持續升溫，升至差不多3年來最高。市場估計，聯邦儲備局今年年底，加息機會率高於四成。 根據美國商務部數據，聯邦儲備局的通脹指標，個人消費開支物價，4月按年比較上升百分之3.8，為2023年5月以來最大升幅，較3月份高0.3個百分點，為連續第二個月升幅擴大。 扣除食品和能源的核心個人消費開支物價，按年比較上升百分之3.3，升幅為2023年11月以來最大，亦是連續第二個月擴大，較3月份高0.1個百分點。整體和核心物價升幅，都符合市場預測。 4月份個人支出按月比較增加百分之0.5，而扣除通脹的實則個人支出，只增加百分之0.1。個人收入則沒有增減。個人儲蓄率從3月份的百分之3.2，下降至百分之2.6，為2022年6月以來最低。數字反映，在通脹高於薪金增長的情況下，消費者正動用儲蓄維持生計。 利率期貨顯示，交易員幾乎肯定，聯邦儲備局下月16、17日的貨幣政策會議，將會維持利率不變，而在今年12月的會議，維持利率不變的機會率，大約為五成四，加息四分之一厘的機會率，為三成六左右，加息半厘的機會率大約為百分之9。

Japan’s financial markets have entered a new phase in which rising bond yields no longer signal just the healthy normalization of monetary policy, but also the risk that inflation may increase too much. What began as a gradual and much-needed increase in yields in 2024 — when the Bank of Japan ended negative interest rates — has accelerated this year amid renewed concern over government spending and a surge in oil prices caused by war in the Middle East. The change is forcing investors to rethink long-held assumptions across Japanese assets. The yen is weakening even as yields rise, bonds now offer an income stream comparable to stocks and corporate borrowing costs are climbing. The shift higher in the 10-year government bond yield is emblematic of the new environment, with some investors forecasting it to reach 3% this year. While that’s not high by global standards, the impact on Japanese markets is far-reaching, given that the BOJ had chosen this yield as the centerpiece of its former policy to anchor borrowing across much of the economy near zero. “Japan presents the most consequential structural shift for global bond markets,” said Laura Cooper , global investment strategist and head of macro credit at Nuveen. Yields are not just pricing inflation volatility, but increasingly concerns over fiscal policy, rising government bond supply and reduced support from central banks, she said. Here are five charts showing how Japan’s markets are being reshaped by the new reality of higher yields. Higher-for-Longer Inflation Risks Inflation expectations in Japan have climbed to the highest level since at least 2004, moving sharply above the BOJ’s 2% target as markets increasingly factor in more persistent consumer price gains. The breakeven inflation rate — or the gap between nominal government bond yields and those on equivalent inflation-linked securities — has gained momentum this month as prospects for the reopening of the Strait of Hormuz remain uncertain. That’s rein...

(RTTNews) - Satellite communications company Viasat Inc. (VSAT) posted a profit for the fourth quarter compared to a year-ago loss. Net income attributable to shareholders was $58.8 million or $0.41 per share, compared with a net loss attributable to shareholders of $246.1 million or $1.89 per share in the year-ago quarter. Revenue increased 2% to $1.17 billion from $1.15 billion a year earlier. Communication Services segment revenue declined 2% year over year to $810 million, reflecting lower fixed services and product revenue, partly offset by growth in aviation and government satcom services. Defense and Advanced Technologies revenue increased 12% to $361 million, driven by strong growth in information security, cyber defense and space and mission systems. For fiscal 2027, Viasat expects mid-single-digit revenue growth, with adjusted EBITDA expected to be flat to slightly higher year over year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Speedy half-centuries from Yastika Bhatia and Jemimah Rodrigues helped India post 188 for seven and overcome hosts England by 38 runs in the first T20 international on Thursday. The debutant seamer Nandani Sharma, who took a hat-trick in January’s WPL, could not quite repeat the feat here, but three wickets in the space of five balls was nevertheless an impressive outing for the 24-year-old. England were trounced by India last summer, so this series promised to be a good test of progress over the past 12 months under the head coach, Charlotte Edwards. But despite the decision to hand a maiden T20 cap to the 18-year-old Tilly Corteen-Coleman, effectively giving England an extra bowling option, somehow they still seemed to lack depth in that department. Lauren Bell was as reliable as ever, finishing with three for 34 and ­ripping apart the India top-order with a ­double-wicket opening over. On the flip side, one powerplay over from Issy Wong cost 27 runs, while another from Dani Gibson at the death went for 17. In reply, Amy Jones struck 67 off 48 balls from the unfamiliar No 3 position – her first T20i half-century in almost six years. England’s keeper has been under scrutiny after a couple of under-par performances with the gloves, including letting through 14 byes at Canterbury last weekend. This innings should at least take some of that heat off ahead of the World Cup. But the lack of support for Jones told. Sophia Dunkley smashed a huge six straight down the ground but it was deja vu all over again when she was caught at mid-off swiping across the line. This match was Heather Knight’s 310th international across formats, making her the most‑capped England player. But 20-over cricket moves quickly these days and Knight’s innings of 22 from 24 balls made England’s task harder, not easier, as the run rate slowly climbed out of reach. Both regular captains were absent from the fray: Harmanpreet Kaur was rested for this match, while Nat Sciver-Brunt is still fighting h...