Tag: Business
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Micron stock jumps over 16% in premarket trading after blockbuster earnings
The company’s revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion, it reported on Wednesday
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Defense stocks slide again, as Germany’s naval U-turn shakes confidence in Europe’s rearmament boom
Rheinmetall and other European defense stocks fell for a second day, after Germany scrapped the F126 naval program, raising procurement concerns.
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Global chip stocks surge as blowout Micron results reignite AI rally
SEOUL/MILAN, June 25 : Global chip stocks surged on Thursday after Micron Technology’s blockbuster results reignited the AI-driven rally, lifting tech shares from Seoul to Frankfurt as investors grew more confident about persistent demand and tightening supply.Micron, a key supplier for Nvidia’s AI chipsets
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Kadokawa CEO’s support falls to 60% at AGM after activist campaign
TOKYO, June 25 : Kadokawa’s CEO Takeshi Natsuno suffered a sharp drop in shareholder support at the Japanese anime and gaming giant’s annual general meeting after an activist campaign to unseat him.While he retained his board seat at Wednesday’s AGM, shareholders voted only 59.68 per cent in favour of his re-
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Amazon to invest additional $13 billion in India cloud, AI
June 25 : Amazon said on Thursday it will invest an additional $13 billion by 2030 in India to expand its AI and cloud infrastructure.The new investment is in addition to its planned $35 billion funding announced last year, taking the e-commerce firm’s investment in the country to $48 billion through 2030.
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Air con and building efficiency stocks rally as Europe bakes in extreme heat
The latest heat wave has underscored the need for efficient technologies and adequate power supply to keep Europe cool.
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Shareholder support for CEO of anime and gaming giant Kadokawa tumbles to 59.68%
TOKYO, June 25 : The CEO of Japanese anime and gaming giant Kadokawa suffered a sharp drop in shareholder support at the annual general meeting following a high-profile activist campaign to unseat him. While Takeshi Natsuno retained his board seat on Wednesday, shareholders voted only 59.68 per cent in favou
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France’s OVHcloud confirms outlook, posts higher quarterly growth on public cloud strength
June 25 : French cloud computing group OVHcloud reported organic revenue growth of 6.9 per cent in the third quarter, up from 5.1 per cent in the previous quarter, supported by its public cloud division, and also confirmed its full-year outlook. The growth was led by markets outside France, with the rest
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Frasers Property plans to sell stakes in five properties to Thai conglomerate
The five assets, valued at S$1.1 billion, are spread across Singapore, Malaysia, the UK and Japan.
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Korean chip shares surge on Micron’s blowout earnings, SK Hynix’s US listing plan
SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology’s quarterly results and forecast beat expectations, boosting optimism over AI-driven chip shortages. South Korea’s SK Hynix also said on Wednesday it plans to raise up to $29.4 billion throug
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