News
Huawei expects AI chip revenue to jump at least 60% this year, FT reports
3+ hour, 38+ min ago (170+ words) May 1 (Reuters) - Huawei expects revenue from its AI chips to "jump at least "60% this year, boosted by strong demand for domestic offerings from Chinese companies, "the "Financial Times "reported on Friday. The "Chinese tech company expects revenue fr. .. May 1 (Reuters)…...
S&P Dow Jones Indices considers new index rules as mega IPOs loom
5+ hour, 44+ min ago (224+ words) April 30 (Reuters) " S&P Dow Jones Indices said on Thursday it has kicked off a consultation that could result in "major changes to rules governing the "entry of companies into its indexes such as the S&P 500. As high-profile names…...
Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
6+ hour, 7+ min ago (324+ words) April 30 (Reuters) " Sandisk forecast quarterly revenue above estimates on Thursday, joining peers Western Digital and Seagate in signaling that enterprise spending on data storage "products used in artificial intelligence data centers remains "strong. Sandisk shares, which have risen about 350% this…...
Meta CEO Zuckerberg blames layoffs on capital spending, won’t rule out more job cuts | Conservative Talk - Freedom 95. 9
7+ hour, 41+ min ago (40+ words) By Katie Paul NEW YORK, April 30 (Reuters) - Meta Chief Executive Mark Zuckerberg attributed the Facebook parent's planned layoffs to increased capital spending for AI, and declined to rule out further job cuts, in "comments to employees at a company t. .....
Trading Day: AI glow brightens, Japan intervenes
7+ hour, 20+ min ago (546+ words) ORLANDO, Florida, April 30 (Reuters) " U. S. stocks surged on Thursday to close a remarkable month on a high as strong tech earnings and investment figures suggested that the AI boom has much further to run, while the yen had its best day…...
Western Digital forecasts quarterly revenue above estimates on AI storage demand
7+ hour, 37+ min ago (247+ words) April 30 (Reuters) " Western Digital forecast quarterly revenue above Wall Street estimates on Thursday, expecting strong demand for data storage from "artificial intelligence companies to fuel pricing "power. Shares of the company, however, fell nearly 5% in extended trading. As of Thursday's…...
FDA panel rejects risk-benefit profile of Astra Zeneca cancer drug
10+ hour, 41+ min ago (245+ words) April 30 (Reuters) " A panel of outside experts to the U. S. Food and Drug Administration voted against backing the risk-benefit profile "of Astra Zeneca's breast cancer drug, the company "said on Thursday. The FDA's Oncologic Drugs Advisory Committee voted 3 to 6 against Astra…...
US FDA approves Axsome's drug for Alzheimer's-related agitation
10+ hour, 15+ min ago (306+ words) By Kamal Choudhury and Mariam Sunny April 30 (Reuters) " The U. S. Food and Drug Administration has approved Axsome Therapeutics" drug to treat agitation in patients with Alzheimer"s disease, "the company said on Thursday, sending its shares 12% "higher in afternoon trading. Otsuka…...
Russian city faces toxic aftermath of refinery attack
10+ hour, 43+ min ago (414+ words) April 30 (Reuters) " Residents of the Russian port city of Tuapse were ordered not to drink tap water and schools remained closed on Thursday, as authorities grappled with the aftermath of the third Ukrainian drone strike "on its oil refinery this…...
Blue Owl sold about half its Space X holding at $1. 25 trillion valuation, co-CEO says
12+ hour, 41+ min ago (309+ words) By Isla Binnie and Manya Saini NEW YORK, April 30 (Reuters) " Blue Owl sold about half its investment in Space X at a $1. 25 trillion valuation, the alternative asset "manager's co-CEO Marc Lipschultz said on Thursday. "Specifically at "Space X " we made…...