Nvidia Rival Euclyd Seeks $118 Million as Europe’s AI Chip Market Gains Momentum
Dutch chip startup Euclyd is targeting at least €100 million in funding as Europe ramps up efforts to compete in the fast-growing AI semiconductor market.
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Uber Raises Stake in Delivery Hero With $318 Million Deal
Uber increased its stake in Delivery Hero through a $318 million share purchase, strengthening its position in the competitive food delivery market.
Oil Falls to $81 as Iran Reopens Strait of Hormuz, U.S. Markets Add $430 Billion
By
Nathan Cole
Oil dropped to $81 per barrel after Iran reopened the Strait of Hormuz, while U.S. markets surged, adding roughly $430 billion in market value.
Madison Air Raises $2.23 Billion in Largest U.S. Industrial IPO in 27 Years
Madison Air Solutions raised $2.23 billion in its IPO, marking the largest U.S. industrial listing in nearly three decades and signaling strong investor demand.
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Quantum Stocks Rally as Nvidia AI Models Spark Fresh Investor Interest
Quantum computing stocks surged after Nvidia unveiled new AI models designed to accelerate the technology, boosting investor optimism across the sector.
Deutsche Bank Warns of ‘Petroyuan’ Rise as Iran War Fuels Dollar Debate
Deutsche Bank flagged the potential rise of a “petroyuan” amid the Iran war, as analysts debate whether de-dollarization could accelerate despite continued dollar dominance.
Kering Targets Profit Growth as It Unveils Gucci Turnaround Plan
By
Emma Clarke
Kering outlined an ambitious plan to revive Gucci and double profits, aiming to restore growth after a prolonged slowdown in its flagship brand.
EasyJet Shares Fall as Middle East Conflict and Fuel Costs Hit Booking Outlook
EasyJet stock declined after the airline warned that rising fuel costs and Middle East tensions are weighing on its bookings outlook.
Samsung SDS Shares Jump 20% After KKR Deal and $820 Million Bond Investment
Samsung SDS stock surged after KKR agreed to invest $820 million via convertible bonds, forming a strategic partnership focused on AI expansion.
Luxury Stocks Slide as Iran War Hits Demand, Hermès Drops 14%
Luxury stocks declined sharply after weak earnings from Hermès and Kering, as the Iran war weighed on Middle East demand and tourism.
AMD, Qualcomm, Arm Back Wayve With New Funding to Accelerate Driverless AI
AMD, Qualcomm, and Arm have invested in autonomous driving startup Wayve, reinforcing growing demand for AI-powered vehicle technology.
Snap to Cut 16% of Workforce, Targeting $500 Million Savings Amid AI Push
By
Emma Clarke
Snap will lay off about 1,000 employees, or 16% of its workforce, as part of a cost-cutting plan tied to AI-driven efficiency and profitability goals.
Allbirds Stock Surges Over 900% After Pivot to AI Infrastructure Business
Allbirds shares skyrocketed after the struggling footwear brand announced a pivot to AI infrastructure, signaling a dramatic shift in its business model.