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RAIN News7 articles
AirAsia X to Launch Daily London Route via Bahrain Hub in 2026
AirAsia X will commence daily service between Kuala Lumpur and London Gatwick via Bahrain on June 26, 2026. The carrier aims to establish Bahrain as its first operational hub outside Asia, with plans to station up to 100 aircraft there within eight years.
Qualcomm Shares Gain Amid Analyst Caution Over Memory Supply Constraints
Qualcomm stock rose 0.5% to $139.61, stabilizing after recent volatility. Morgan Stanley resumed coverage with an underweight rating and a $132 target, citing memory shortages and weak handset demand.
Intel Surges Past $50 on AI Demand and Supply Constraints
Intel shares rallied 4.9% to close at $50.59, buoyed by reports of server CPU shortages in China and broader AI-related capital expenditure trends. The chipmaker also plans a $100 million investment in AI startup SambaNova Systems.
Intel Shares Surge on AI Demand and China Supply Constraints
Intel stock climbed nearly 5% to $50.59 as AI-driven data center spending boosts chip sector. Supply delays in China and a potential investment in AI startup SambaNova Systems add momentum.
Siemens Gains on €3 Billion Copenhagen Automated Train Contract Ahead of Quarterly Results
Siemens shares rose 2.45% to €250.50 after its Mobility unit, with partner Stadler, secured a €3 billion framework contract for 226 driverless trains in Copenhagen. The company reports Q1 earnings and holds its AGM on February 12.
GE Aerospace Surges 4.8% on 31% Dividend Boost; Aviation Demand Soars Amid Supply Strains
GE Aerospace shares climbed 4.78% to $321 after announcing a 31% dividend increase to $0.47 per share. Trading volume exceeded the 50-day average as the stock neared its 52-week high.
Tencent Shares Decline Amid AI Security Concerns and Chip Supply Constraints
Tencent stock dropped 2% in Hong Kong trading, pressured by regulatory warnings over an AI agent and reported server CPU shortages from Intel and AMD affecting data center operations.