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Walmart's AI Integration Yields $706 Million Margin Boost
Walmart Inc. (NASDAQ: WMT) said a 0.1-point margin increase from AI added $706 million. The retailer is pushing AI to boost margins and fill 200,000 jobs.
AtaiBeckley Soars on Lilly Deal; Market Weighs Milestone Value
AtaiBeckley shares surged 31% to $7.04 after Eli Lilly agreed to acquire the company for up to $9.25 per share, including contingent payments. The stock sits just $0.29 above the cash offer, reflecting cautious market expectations for milestones.
TSMC Shares Slide Despite Record Profit as Cash Conversion Deteriorates
TSMC shares fell 2.9% after a record profit, as free-cash-flow conversion dropped to 40.7% from 60.8% and capex guidance rose 14.8%.
Nokia Shares Slide on AI-RAN Timeline Gap and Rising Component Costs
Nokia shares dropped 3.6% amid a timing mismatch between its AI-RAN commercial rollout in 2027 and rising chip costs flagged by Ericsson.
Micron Drops Despite Auto Deals as Most DRAM Volume Remains Uncovered
Micron shares fell 4.6% in premarket trading despite new auto deals, as only 20% of DRAM volume is under contract, leaving the core business exposed to market volatility.
SK Hynix ADR Premium Signals Potential Conversion Ahead of Earnings
SK Hynix ADR premium surges to 42%, signaling potential conversion arbitrage. Seoul shares tumbled 11.5% as KOSPI fell 6.37% amid rate hike and ETF rule changes.
Nasdaq and Dow Diverge as Steady Data Tests Tech Valuations
U.S. stock futures fell Thursday as steady economic data widened the gap between the Nasdaq and Dow, with TSMC dropping 4.6% despite strong earnings and UnitedHealth rising 6.7%.
Abbott Q2 Beats Estimates, Lifts EPS Outlook; Sales Growth Target Looms
Abbott (ABT) reported Q2 adjusted EPS of $1.31, beating estimates, and raised its full-year EPS outlook. The company now needs 8.6%-10.5% H2 sales growth to hit its revenue target.
Bitcoin Slips Below $64,000 as ETF Inflows Prove Concentrated
Bitcoin dropped 1.8% to $63,940 on Thursday, failing to hold above $65,000 despite two days of ETF inflows, with BlackRock's IBIT accounting for 76% of new money.
UK Mid-Caps Rally on Rotork Takeover; FTSE 100 Slips
London stocks were mixed on Thursday with the FTSE 250 gaining 0.33% on a £4.14bn takeover bid for Rotork, while the FTSE 100 slipped 0.34%.
Sandisk's $22.6B Selloff Tests Revenue Conversion of $41.6B Order Backlog
Sandisk's market cap dropped $22.6B, 3.6 times its near-term revenue backlog, as shares slid 8.1% amid tech fatigue.