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Broadcom Surges on $100B AI Chip Forecast and $10B Buyback Plan
Broadcom shares climbed more than 4% following an ambitious AI revenue forecast and a substantial new share buyback authorization. The company also raised its near-term outlook.
Gold Retreats as Dollar Strength, Rising Yields Outweigh Geopolitical Tensions
Gold prices declined on Thursday, erasing earlier gains, as a stronger U.S. dollar and higher Treasury yields offset safe-haven demand spurred by Middle East tensions. The market's focus shifts to Friday's U.S. employment report.
Circle Stock Rises on Oil-Driven Inflation Fears, Renewed Focus on USDC Yield
Circle shares advanced Thursday, tracking a jump in oil prices that stoked inflation worries and refocused attention on the company's revenue from USDC reserve yields. Mizuho raised its price target on the stock.
Indian Equities Rebound on Reliance, Metals Surge; Rupee Firms
Indian stock indices snapped a three-day losing streak, climbing over 1% on Thursday. Gains were led by Reliance Industries and metal stocks, while the rupee firmed after central bank action.
Broadcom CEO's Copper Comments Trigger Selloff in Optical Networking Stocks
Corning shares dropped sharply after Broadcom's leadership indicated a slower-than-expected transition to optical links within AI server racks, favoring copper for near-term scale-up connections. The shift pushes the anticipated inflection for advanced optics technology further into the future.
Salesforce Unveils AI Healthcare Agents, Stock Gains Amid Sector Competition
Salesforce introduced six new AI agents for healthcare workflows, with integrations from HealthEx, Verily, and Viz.ai. The company's stock climbed 3.8% as competitors AWS and Google Cloud announced similar healthcare AI platforms.
Robinhood Debuts High-Fee Platinum Card in Bid for Affluent Investors
Robinhood Markets introduced an invite-only Platinum credit card with a $695 annual fee and expanded into family wealth planning with custodial and trust accounts. The move aims to attract wealthier clients and reduce reliance on volatile trading revenue.
Booking Holdings Soars on OpenAI's Strategic Pivot Away from Direct Chatbot Commerce
Booking Holdings shares jumped sharply after reports indicated OpenAI is pulling back from developing a native checkout feature within ChatGPT, reducing perceived competitive threats to established travel platforms.
Google Slashes Play Store Fees, Settles Epic Antitrust Case
Alphabet's Class C stock declined after Google unveiled significant reductions to its Play Store commission structure and expanded billing flexibility for developers, stemming from an updated legal settlement with Epic Games.
Netflix Doubles Down on 'One Piece' as Subscriber Growth Strategy Faces Test
Netflix launches the second season of its live-action 'One Piece' series, a key part of its international franchise strategy, as J.P. Morgan upgrades the stock on strong content and advertising potential.
AMD Partners with University of Toronto on Major AI Research Initiative
Advanced Micro Devices has established a collaborative artificial intelligence research laboratory with the University of Toronto, committing to support 100 projects over a three-year period while donating advanced computing hardware.