(Reuters) -AMD shares rose nearly 5% in premarket trading on Wednesday, a day after it laid out ambitious plans to reach $100 billion in annual data center revenue in five years by taking a bigger slice of the AI market from Nvidia. CEO Lisa Su said on Tuesday the market for the company’s data center…
(Reuters) -EchoStar (SATS) said it would sell a set of wireless spectrum licenses to SpaceX (SPAX.PVT) for about $2.6 billion in exchange for stock in the space startup, expanding on the $17 billion deal the companies struck in September. Shares of the telecommunications services company rose about 1% in premarket trading. The AWS-3 licenses cover…
By Akriti Shah (Reuters) -Shares of Texas Instruments sank more than 8% on Wednesday in premarket trading, after the chipmaker’s downbeat fourth-quarter profit and revenue outlook deepened worries over a drawn-out recovery in the analog chip market as tariff uncertainty plagues the wider industry. While TI has reduced some of its business exposure to the…
By Alun John, Ankur Banerjee and Manya Saini SINGAPORE/LONDON (Reuters) -Fear over credit quality in U.S. regional banks rippled through markets on Friday, dragging global financial stocks lower and reviving memories of the crisis of confidence that shook sentiment just over two years ago. The selloff hit Wall Street’s main indexes, with futures pointing to…
Plug Power Inc. (NASDAQ:PLUG) stock rose in Tuesday’s premarket trading as the company disclosed updates to its regulatory filings and highlighted continued operational progress. On September 22, Plug filed a prospectus supplement tied to its May 2025 registration statement with the U.S. Securities and Exchange Commission. The document covers the resale of common stock related…
Yahoo Finance’s Jake Conley reports: Nuclear energy represents a $10 trillion potential market opportunity that could hold “the answer to the world’s power shortages,” according to a new report from Bank of America. Rising demand, combined with strong support from the Trump administration and a public narrative turning positive after years of a dour outlook…
Eightco Holdings Inc. (NASDAQ:OCTO) shares surged 1000% in premarket trading after the company said it raised $250 million through a private placement to adopt Worldcoin (WLD) as its primary treasury reserve asset. Eightco also appointed well-known Wall Street analyst Dan Ives as chairman of the board, signaling a bold strategic shift. Eightco priced the private…
(Reuters) -China’s Alibaba (BABA) missed market estimates for quarterly revenue on Friday as the company’s e-commerce business grapples with tough competition and choppy consumer demand, eclipsing gains in its cloud computing business. U.S.-listed shares of the company fell 1.5% in premarket trading. Consumer confidence in China has taken a beating from persistent weakness, with the…
(Reuters) –Nvidia investors accustomed to blowout forecasts were left divided after the AI chip giant excluded some China sales from its current-quarter guidance in the face of a trade war between Washington and Beijing. The company’s shares fell about 2% in premarket trading on Thursday, even as CEO Jensen Huang dismissed concerns about the AI…
(Reuters) -Shares of UnitedHealth Group surged more than 12% in premarket trading on Friday after Warren Buffett’s Berkshire Hathaway revealed a new investment in the health insurer. Berkshire owned 5.04 million UnitedHealth shares worth about $1.57 billion as of June 30, it said in a U.S. Securities and Exchange Commission filing. The investment comes at…