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Lam Research CFO Forecasts $135B Chip Equipment Boom by 2026, Cites AI and Packaging Demand
Lam Research's CFO anticipates wafer-fab equipment spending could reach $135 billion in 2026, up from $110 billion in 2025, fueled by AI and advanced packaging demand, though cleanroom limitations pose a challenge.
Applied Optoelectronics Gains on Insider Sale Plan, Sets $250M ATM Offering
Applied Optoelectronics shares advanced 2.9% to $98.07 after a director disclosed plans to sell up to 102,347 shares. The company also established a $250 million at-the-market stock offering program.
Mondelez Appoints Danone Veteran to Lead Africa Push Amid Volume Pressures
Mondelez International has appointed Hisham Ezz El-Arab, a former Danone executive, to lead its Sub-Saharan Africa operations. The move comes as the snack giant's Oreo brand surpasses $4 billion in global annual revenue while the company faces volume declines.
Caterpillar Gains as Dow Stabilizes; CONEXPO Tech and Jobs Data in Focus
Caterpillar shares advanced 1.6% to $733.99, providing a key lift to the Dow Jones Industrial Average. The industrial giant highlighted innovation at the CONEXPO trade show while warning of a significant global technician shortage.
Applied Materials Recovers as Chipmakers Demand Timely Tool Deliveries
Applied Materials shares recovered 1.9% Wednesday, partially offsetting a 5.6% decline from the prior session. A company executive noted chipmakers are pressing for on-schedule equipment deliveries amid strong demand.
BitMine's $9.9B Crypto Treasury Reveal Fuels BMNR Rally with Ethereum Surge
BitMine Immersion Technologies reported holdings worth $9.9 billion as of March 1, including 4.47 million ether and $868 million cash. Its stock rose 9.7% alongside a 9.9% jump in Ethereum's price.
Lithium Futures Volatile as Albemarle Strengthens Balance Sheet
Albemarle shares gained over 3% following strategic financial moves, while Chinese lithium futures experienced significant price swings, reflecting ongoing market volatility and demand uncertainty.
Oracle Cloud Disruption Impacts TikTok Ahead of Key Earnings Report
A service disruption in Oracle's US East cloud region caused posting delays for TikTok users this week, highlighting ongoing reliability challenges. The incident occurs just days before Oracle's fiscal Q3 earnings release.
Oil Prices Choppy as Hormuz Disruption, Diplomacy Drive Volatility
Oil prices fluctuated Wednesday, with Brent crude near $81, as market participants weighed supply disruptions in the Strait of Hormuz against potential U.S.-Iran diplomatic talks. Major banks have revised price forecasts upward.