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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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.
Uber increased its stake in Delivery Hero through a $318 million share purchase, strengthening its position in the competitive food delivery market.
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 Solutions raised $2.23 billion in its IPO, marking the largest U.S. industrial listing in nearly three decades and signaling strong investor demand.
Quantum computing stocks surged after Nvidia unveiled new AI models designed to accelerate the technology, boosting investor optimism across the sector.
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 outlined an ambitious plan to revive Gucci and double profits, aiming to restore growth after a prolonged slowdown in its flagship brand.
EasyJet stock declined after the airline warned that rising fuel costs and Middle East tensions are weighing on its bookings outlook.
Anthropic’s estimated valuation has climbed to $851 billion, highlighting explosive growth in AI startups as investors pour capital into the sector ahead of major IPOs.
Samsung SDS stock surged after KKR agreed to invest $820 million via convertible bonds, forming a strategic partnership focused on AI expansion.
Luxury stocks declined sharply after weak earnings from Hermès and Kering, as the Iran war weighed on Middle East demand and tourism.
AMD, Qualcomm, and Arm have invested in autonomous driving startup Wayve, reinforcing growing demand for AI-powered vehicle technology.
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 shares skyrocketed after the struggling footwear brand announced a pivot to AI infrastructure, signaling a dramatic shift in its business model.
The SEC approved the removal of the $25,000 minimum requirement for pattern day traders, expanding access to active trading for retail investors.