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(Repeats October 15 story with no changes) By Anhata Rooprai and Aditya Soni Oct 15 (Reuters) — CoreWeave's mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed to build data centres. Shares and bonds of the Nvidia-backed company have tu
By Anhata Rooprai and Aditya Soni Oct 15 (Reuters) — CoreWeave's mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed to build data centres. Shares and bonds of the Nvidia-backed company have tumbleddespite its CEO's assurances of a stro
The WSJ reports that scarce computing power is pushing AI companies into costlier contracts, improvised deals and new partnerships as demand outstrips available capacity. Google, Anthropic and xAI are among the firms cited in the industry scramble.
BP said it has curbed production at its Na Kika and Thunder Horse platforms in the Gulf of Mexico as it prepares for Hurricane Isaias. The company said all personnel have been evacuated from both platforms.
A Dow Jones roundup highlighted several company updates, including BP curbing production at two Gulf of Mexico platforms before Hurricane Isaias and Volkswagen being fined $1.3 million by German regulators.
Delta said it posted record revenue in its latest quarter, but the carrier cut its earnings guidance. The stock was falling after Friday's third-quarter results.
Delta Air Lines said it posted record revenue but slashed earnings guidance after third-quarter results. The stock was falling following the report.
Delta said it posted record revenue but slashed earnings guidance after its third-quarter results. The stock was falling after Friday's earnings release.
Goldman Sachs raised Palantir to Buy from Neutral and increased its price target to $230, citing growing demand for custom AI software and sovereign AI. Palantir shares rose 1.8% to $197.53 on Thursday.
Goldman Sachs analyst Gabriela Borges raised Palantir to Buy from Neutral and set a $230 price target. The note said demand for custom, localized AI software and sovereign AI could expand Palantir’s market opportunity.
Jaguar Ditches the Pink Branding in Unveil of Its Big, Sleek Type 01 EV Long-promised vehicle will start around $130,000 in the U.S. as Jaguar aims to sell fewer cars at higher prices. ---- Constellation Brands Profit Rises on Higher Beer, Spirits Sales Sales in Constellation's beer business, which includes Corona and
Constellation Brands Profit Rises on Higher Beer, Spirits Sales Sales in Constellation's beer business, which includes Corona and Modelo, rose 5%, while its wine and spirits business saw a 17% increase in sales. ---- Fair Isaac to Cut About 15% of Workforce as Competition Intensifies The job cuts come as the company be
Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit driven by robust AI demand, though analysts have cut forecasts by nearly 8% since the end of August. Chip prices rise but pace of growth slows, with memory chip margins potentially flat.
Constellation Brands Profit Rises on Higher Beer, Spirits Sales Sales in Constellation's beer business, which includes Corona and Modelo, rose 5%, while its wine and spirits business saw a 17% increase in sales. ---- Google and Constellation Energy Strike a Sweeping Nuclear-Power Deal The deal is the largest-ever "upra
Microsoft Corp. (NASDAQ: MSFT ) is pushing Copilot beyond a workplace chatbot and into a broader AI platform as it looks to drive new revenue across Microsoft 365 and Azure. The strategy comes as Microsoft ramps up spending on data centers and computing capacity to meet surging AI demand. At the same time, higher Treas
Apple Inc (NASDAQ: AAPL ) investors enjoyed sizable returns during the time with Tim Cook leading the company as CEO from 2011 to 2026. New CEO John Ternus has big shoes to fill and entrepreneur/investor Jason Calacanis has some ideas of what Apple could do to get a head start. • Apple stock is showing upward bias. Wha
General Motors Co. (NYSE: GM ) has a $4-plus-a-gallon problem: Americans are increasingly turning to hybrids to cut fuel bills, but the top-selling U.S. automaker has almost none to sell them. Hybrids accounted for 19% of U.S. retail vehicle sales in August, up from around 16% before the Iran war sent gasoline prices s
Bank of America semiconductor analyst Vivek Arya said Monday's AI-driven sell-off is noise within a secular bull market for semiconductors. He said AI capex could top $3 trillion by 2030 and remained bullish on semis despite near-term volatility.
Elastic reported adjusted earnings of 70 cents a share on $478 million in revenue, raised full-year guidance and said AI adoption is accelerating across its platform.
Marvell Technology shares rose about 5% to $257.39 in Thursday premarket trading as investors bought growth and semiconductor stocks, with the move supported by broader tech strength.
NVIDIA shares rose 7.41% to $225.19 in premarket trading after the company reported second-quarter revenue of $96.22 billion and adjusted EPS of $2.22, both above estimates, and issued third-quarter revenue guidance of $105.84 billion to $110.16 billion.
Custom silicon stocks may outperform Nvidia by 2030, driven by growing demand for specialized chips. This could impact the semiconductor industry.