(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…