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Besi orders more than double as AI and hybrid bonding tech drive demand
Reuters73d agoneutral
Besi orders more than double as AI and hybrid bonding tech drive demand

BE Semiconductor Industries (Besi) on Thursday reported quarterly orders significantly above last year's level, fuelled by strong ‌demand for AI, hybrid bonding, photonics and data centres. Investors are ‌betting on rising demand for Besi's hybrid bonding solutions, a chip-packaging technology that ​enables two chips to be directly bonded together, citing the company's first-mover advantage as AI-driven demand accelerates. The number of customers using Besi's hybrid bonding technology increased ⁠to 21 in the quarter from 15 at the end of last year, as the technology gained traction in logic, memory, co-packaged ​optics and ​consumer applications and drove capacity expansions ​among customers, it said.

Bloomberg73d agoneutral
China Resumes Issuing Robotaxi Licenses After Long Freeze

(Bloomberg) -- China has started issuing robotaxi permits again after a high-profile incident involving self-driving vehicles led authorities to suspend new licenses in April, according to people familiar with the matter.Most Read from BloombergHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyRetina Chip Designed to Restore Sight to Go on Sale in EuropeApple to L

Is Northrop Grumman (NOC) Undervalued As Earnings Beat And Guidance Rise?
Simply Wall St.73d agobullish
Is Northrop Grumman (NOC) Undervalued As Earnings Beat And Guidance Rise?

Northrop Grumman (NOC) has drawn fresh attention after reporting better-than-expected quarterly earnings and revenue, lifting full-year sales guidance and highlighting a record backlog following substantial contract awards across key defense programs. See our latest analysis for Northrop Grumman. The stronger second quarter and raised sales guidance come after a mixed stretch for Northrop Grumman’s stock, with the share price down about 10% year to date and the 1 year total shareholder return...

GE Vernova’s AI power trade has one weak link
TheStreet73d agoneutral
GE Vernova’s AI power trade has one weak link

GE Vernova (GEV) raised its 2026 revenue and free-cash-flow forecasts on July 22, but a widening loss in its Wind business sent shares lower. The stock fell about 6.3% to $1,011 in midday trading July 22 after dropping as low as $964.16 earlier in the session. Its second-quarter revenue rose ...

Exclusive-Intel, AMD sign long-term server CPU deals with Chinese clients as prices surge, sources say
Reuters73d agobullish
Exclusive-Intel, AMD sign long-term server CPU deals with Chinese clients as prices surge, sources say

U.S. chipmaking giants Intel and Advanced Micro Devices are signing longer-term purchase commitments with Chinese server customers for data-centre processors as prices ‌surge, two people familiar with the talks said. The move highlights a broader consequence of the ‌AI boom: demand has spread beyond AI accelerators to memory, networking gear and server processors, giving suppliers greater leverage to seek long-term purchase ​deals. AI data centres require not only Nvidia-style graphics processors (GPUs) but also large numbers of central processing units (CPUs) to support servers, storage, networking and inference workloads.

Mark Zuckerberg backs Elon Musk Silicon Valley decision
TheStreet73d agoneutral
Mark Zuckerberg backs Elon Musk Silicon Valley decision

A clip from an old Lex Fridman podcast interview with Mark Zuckerberg is making the rounds on X (the former Twitter), and the timing of its revival is the most interesting part of the story. The clip shows Zuckerberg praising Elon Musk's overhaul of Twitter at a moment when the two men were in the ...

Pichai pushes back on claims Google is losing ground in AI race
Reuters73d agoneutral
Pichai pushes back on claims Google is losing ground in AI race

Alphabet CEO Sundar Pichai used Wednesday's earnings call to mount a robust defence of Google's AI strategy, pushing back on concerns that the company has fallen behind rivals after ‌delaying a flagship model and ceding ground in AI coding. Investors have become increasingly uneasy over Google delaying the release of ‌Gemini 3.5 Pro, a model originally slated for June that was expected to bolster the company's standing in AI coding and autonomous "agent" tasks, two of the industry's most ​fiercely contested areas. The latest setback has fueled worries that Google was losing momentum just as OpenAI and Anthropic and a host of Chinese rivals have accelerated the pace of model releases.

Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap
Reuters73d agoneutral
Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap

Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to ‌dismiss the possibility and citing growing overlap between the companies. “As you can tell from the many ‌collaborations on so many fronts with SpaceX, there’s more and more overlap,” Musk said on Tesla's earnings call. “We can't talk about, you know, ​combining companies and that kind of thing on an earnings call," he added.

Tempus makes $1.5B bet to corner cancer-test market
TheStreet73d agoneutral
Tempus makes $1.5B bet to corner cancer-test market

Tempus AI (TEM) spent three years selling someone else's cancer test. On Monday, July 20, it decided to just buy the whole thing. The AI diagnostics company agreed to acquire Personalis (PSNL) in a deal valued at $1.5 billion. The move hands Tempus full control of a test that spots cancer ...

Delta Air Lines is betting big on Philippines travel
TheStreet73d agoneutral
Delta Air Lines is betting big on Philippines travel

An archipelago composed of over 7,600 islands in the western Pacific Ocean, the Philippines has gone from being largely overlooked to a travel destination that has skyrocketed in popularity among tourists from Western countries in the last five years. The number of international travelers to the ...