Tag: per
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Cerebras raises annual targets on strong AI chip demand
Aug 12 : Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.Still, its shares were down more than 14 per cent in extended trading after closing up 11.6 per cent in the reg
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Oil dips on demand forecasts, global equities gain
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will hold interest rates steady, while oil prices dipped as investors balanced lower demand against a deadlock in U.S.-Iran talks.The United States and Yemen’s Iran-aligned Houthis
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Stocks inch up, oil dips as traders eye US-Iran talks
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday and oil prices dipped as traders eyed talks to end the Iran war and U.S. data showing only a slight rise in inflation damped some expectations for a Federal Reserve rate hike.Talks between the U.S. and Iran were deadlocked. The United States a
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CoreWeave, Super Micro surge on signs of sustained AI buildout
Aug 12 : Shares of CoreWeave and Super Micro Computer jumped to their highest since June on Wednesday after upbeat forecasts from the two AI infrastructure companies signaled booming demand for computing capacity.Both companies have been beneficiaries of the insatiable demand for AI infrastructure, as data ce
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Global stocks inch up, oil steady before US CPI
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday and oil prices dipped as traders eyed talks to end the Iran war and U.S. data showing only a slight rise in inflation damped some expectations for a Federal Reserve rate hike.Talks between the U.S. and Iran were deadlocked. The United States a
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Dollar slips as in-line CPI tempers rate-hike bets
Aug 12 : The dollar weakened on Wednesday after U.S. consumer price inflation matched economists’ expectations in July, easing concerns that a hot reading could reinvigorate expectations for a near-term interest rate hike.In the 12 months through July, the CPI advanced 3.4 per cent after rising 3.5 per cent i
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Global stocks hold gains after in-line US CPI
LONDON, Aug 12 : Global stocks held on to gains on Wednesday after U.S. inflation data came in as expected, while oil prices edged higher after a senior Iranian official told Reuters there were no discussions with Washington on extending a ceasefire.The Consumer Price Index edged up 0.1 per cent last month af
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Nebius beats quarterly revenue estimates as AI demand fuels growth
Aug 12 : Nebius Group surpassed second-quarter revenue estimates on Wednesday as booming demand for AI infrastructure and cloud services helped the company win larger contracts and raise prices for computing capacity, sending its shares up 12 per cent in premarket trading.The Amsterdam-based AI infrastructure
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Dollar ticks up on Iran tension, with US data in focus
Aug 12 : The dollar ticked higher on Wednesday, underpinned by renewed Gulf tensions, with markets focused on upcoming U.S. economic data for signals on the Fed’s policy trajectory.Oil prices edged up after the United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesday, wi
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Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short
BEIJING, Aug 12 : Tencent Holdings reported an 11 per cent rise in second-quarter revenue on Wednesday, driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.For the three months to the end of June, the Shenzhen-based gaming and internet company repo
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