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AI data centre supplier Zhongji InnoLight tumbles on Hong Kong debut
AFP59d agoneutral
AI data centre supplier Zhongji InnoLight tumbles on Hong Kong debut

Shares in Chinese data centre supplier Zhongji InnoLight tumbled more than nine percent in its Hong Kong debut on Thursday, after raising at least US$6.8 billion in the city's biggest IPO for seven years, driven by a demand for AI components.The Shenzhen-listed firm priced its shares at HK$980 on Thursday, raising about HK$53.4 billion (US$6.8 billion), the most since Chinese tech behemoth Alibaba listed in the city in 2019.

Johnson Controls International Q3 Earnings Call Highlights
MarketBeat59d agoneutral
Johnson Controls International Q3 Earnings Call Highlights

Johnson Controls International (NYSE:JCI) reported fiscal third-quarter results marked by double-digit organic sales growth, expanding margins and record backlog, as demand for data-center and other mission-critical thermal-management systems remained strong. Chief Executive Officer Joakim Weideman

Nvidia CEO takes Al fight from X to Capitol Hill
TheStreet59d agoneutral
Nvidia CEO takes Al fight from X to Capitol Hill

There is a moment in every industry when the argument stops being about the product and starts being about the rules. Companies that hit that moment usually send a lawyer. The rare ones send the founder. Nvidia (NVDA) has spent three years as the loudest argument in the stock market. Jensen Huang ...

Overlooked AI stock is growing faster than Nvidia
TheStreet59d agoneutral
Overlooked AI stock is growing faster than Nvidia

AI stocks like Nvidia (NVDA) have taken haymakers for much of the year, with investors firmly in "show-me" mode. Circular financing, ballooning hyperscaler spending, and questions over risk-reward continue weighing down the market. Yet one overlooked name tied to that buildout emerged ...

XOVR Isn’t About SpaceX or Space. So What Is It About?
etf.com60d agoneutral
XOVR Isn’t About SpaceX or Space. So What Is It About?

<p>ERShares Chief Investment Strategist and COO says XOVR isn’t a SpaceX or even a space ETF, despite all the attention-grabbing headlines this year. Tune into this episode to fund out what the fund actually is and how it's structurally unique compared to other ETFs in the category. </p>

ARM Q1 Earnings Call Highlights
MarketBeat60d agoneutral
ARM Q1 Earnings Call Highlights

ARM (NASDAQ:ARM) reported record first-quarter fiscal 2027 results, with revenue rising 22% year over year to $1.29 billion as demand for its computing platform expanded across cloud AI infrastructure, edge devices and physical AI applications. Chief Executive Officer Rene Haas said the company del

Bloomberg60d agobullish
Senators Warn Apple Not to Buy Memory Chips From Chinese Firms

(Bloomberg) -- A bipartisan group of US senators urged Apple Inc. to abandon any efforts to buy chips from blacklisted Chinese semiconductor suppliers CXMT Corp. and Yangtze Memory Technologies Co., warning that the iPhone maker risked becoming reliant on a US adversary for crucial components.Most Read from BloombergStocks Fall as 30-Year Bond Yields Surge After Fed: Markets WrapWarner Bros. Deal Collapse Would Cost the Ellisons $9.8 BillionTrump Says US Will Strike Iran Hard as War Escalates Ag