The US technology IPO market, long dormant amid macroeconomic uncertainty, is showing signs of revival. Leading that resurgence is design software company Figma, which will debut on the New York…
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Stock
Roblox stock rockets 25% pre-earnings as user growth, AI bets fuel Wall Street hype
by adminby adminRoblox Corporation (NYSE: RBLX) shares surged 22% in premarket trading on Thursday ahead of its Q2 earnings report. The stock’s already been on a tear this year, as it doubled…
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July 29 (Reuters) – Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85-billion deal to create the country’s first coast-to-coast freight rail operator and…
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Morgan Stanley has raised its outlook for several top chipmakers, citing continued strength in artificial intelligence (AI) demand that is accelerating across both supply and customer pipelines. Analyst Joseph Moore…
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As major tech players double down on artificial intelligence investments, Apple’s relative silence in the space is raising concerns among analysts and investors. While companies like Microsoft, Google, and Meta…
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Business
Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics
by adminby adminSamsung Electronics has entered into a $16.5 billion contract for supplying semiconductors to Tesla, based on a regulatory filing by the South Korean firm and Tesla CEO Elon Musk’s posts…
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Shares of Spotify fell around 4% on Tuesday after the Sweden-based music streaming company reported second-quarter results that missed analyst expectations and issued weaker-than-anticipated guidance for the current quarter. For…
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Copenhagen-listed shares of Novo Nordisk plunged more than 21% on Tuesday after the Danish pharmaceutical company issued a profit warning, citing weaker-than-expected sales growth for its flagship drugs Wegovy and…