Broadcom leads in application-specific AI chips, securing 70% market share with long-term hyperscaler partnerships. Broadcom has overtaken Nvidia in custom AI chips, holding a 70% share of application-specific integrated circuits (ASICs). The company partners with hypersca
Inditex reported €8.75 billion in Q1 net sales, beating expectations with an 8.8% rise in constant currency terms. Inditex posted first-quarter net sales of €8.75 billion, an 8.8% increase in constant currency, driven by robust early summer trading. The company’s stock ros
The AI infrastructure firm will deploy NVIDIA's next-gen systems in Q1 2027 to scale its GPU-as-a-service platform. Digi Power X Inc (NASDAQ:DGXX) will invest $35 million to acquire NVIDIA’s Vera Rubin systems, targeting deployment in Q1 2027. The purchase supports the exp
Annual US auto sales fall to 16 million vehicles from pre-pandemic levels of 17 million, driven by high prices and interest rates. US new-car sales are projected to remain near 16 million units this year, down from 17 million before 2020, as one million potential buyers ex
High-earning retirees face income-based Medicare premium adjustments reducing benefits by hundreds monthly, delayed two years after income spikes. Retirees earning above certain thresholds face an Income Related Monthly Adjustment Amount (IRMAA) surcharge, reducing Social
Quick Read - LLY's Mounjaro surged 125% to $9 billion in Q1, while NVO's oral Wegovy generated $2 billion, driving GLP-1s toward 90 million prescriptions. - BRBR dropped 69% on a tariff-driven margin miss, but Premier Protein volume grew 12% and eight directors bought shares on...</strong
Traders are pricing a $43 move in AVGO shares after Wednesday’s earnings, reflecting a potential 9% shift toward the $500 level. Broadcom’s June 5 weekly options are pricing in a roughly 9% move following the chipmaker’s earnings report after Wednesday’s close. With shares
Geopolitical risks in the Gulf push Brent crude toward $100, pressuring global stocks amid stalled U.S.-Iran negotiations. U.S. and European equities retreated as oil prices climbed for a third session, driven by renewed hostilities between Iran and the U.S. S&P 500 future
As the travel and gambling markets evolve, choosing between MGM Resorts International (NYSE:MGM) and Caesars Entertainment (NASDAQ:CZR) requires a close look at their differing strategies, financial health, and global footprints. MGM focuses on high-end luxury destinations
Morgan Stanley upgraded Yum! Brands (YUM) on Wednesday on its view that the restaurant stock does not seem to get full credit for potentially improved growth going forward The restaurant stock was boosted to an Overweight rating from Equal-weight. Analyst
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