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Novartis and Boston Scientific Slide, Intel Price Hikes | Stock Movers
Bloomberg17d agoneutralVIDEO
Novartis and Boston Scientific Slide, Intel Price Hikes | Stock Movers

On this episode of Stock Movers: - Novartis (NOVN) shares are lower as it suffered its third clinical-trial setback in a week after a treatment for a rare muscle-wasting disease failed a late-stage study. - Boston Scientific (BSX) shares are moving on news it said that fallout from a cybersecurity incident has impacted its ability to ship its products to customers and will cause the medical devices company to miss its sales growth and earnings estimates for the year. - Intel (INTC) is rising on a report that the company could raise computer chip prices next month.

XPeng Beats Tesla With This Humanoid Robot Milestone
Investor's Business Daily17d agobullish
XPeng Beats Tesla With This Humanoid Robot Milestone

At XPeng's factory in Guangzhou, China, machines assembled parts, installed electrical circuits and welded it all together. On Tuesday, Chinese electric vehicle company XPeng announced it completed assembly of its Iron humanoid robot. The production of the first Iron robot is a milestone for XPeng as it works toward its ultimate goal of mass production, scheduled to start by the end of the year, according to the company.

Anthropic delays IPO to October: What that could mean for the AI player
Yahoo Finance Video17d agoneutralVIDEO
Anthropic delays IPO to October: What that could mean for the AI player

Anthropic (ANTH.PVT) may be shifting its IPO launch date to mid-October, according to Reuters. Morning Brief Host Julie Hyman is joined by Yahoo Finance Breaking Business News Reporter Jake Conley and TMX Wall Street Horizon head of corporate event research Christine Short to discuss how the private AI developer now finds its IPO stuck between a rock and a hard place: a public offering in September — a time usually tough for markets — or October, right before the US midterm elections.

GameStop Profit Rises, Boosts Full Year Outlook
The Wall Street Journal17d agoneutral
GameStop Profit Rises, Boosts Full Year Outlook

GameStop reported higher profit in its latest quarter, boosted by an increase in collectibles sales, and raised its full-year outlook. The videogame retailer on Tuesday posted a second-quarter profit of $298.7 million, or 51 cents a share, compared with $168.6 million, or 31 cents a share, a year earlier. Adjusted earnings per share were 27 cents.

Investing.com17d agoneutral
JPMorgan starts FedEx Freight at Overweight on post-spin turnaround

Investing.com -- In a note to clients on Tuesday, JPMorgan initiated coverage of FedEx Freight with an Overweight rating and a December 2027 price target of $160, arguing the recent spin-off gives North America's largest less-than-truckload carrier room to improve profitability and service as a stand-alone company.

Robinhood Strikes Prediction-Market, Equity Deal With OG.com
Bloomberg17d agoneutral
Robinhood Strikes Prediction-Market, Equity Deal With OG.com

Robinhood Markets Inc. will take equity stakes in Crypto.com and its prediction-markets platform spinoff OG.com as part of a multiyear agreement that will add another provider of event contracts to the brokerage’s predictions business.

Investing.com17d agobullish
Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant

Investing.com -- Qualcomm Technologies (NASDAQ: QCOM) shares spiked 9.5% following the announcement of a multi-generational collaboration with Amazon to build customized silicon and ultra-fast optical connectivity solutions for AI data centers. Under the agreement, Qualcomm will issue a warrant to Amazon to purchase up to 25 million shares of QCOM common stock, signaling a deep, long-term alignment between the two tech giants. The partnership centers on heavy-duty AI inference workloads and opti

Circle Doubles Down on Stablecoin Payments With Tazapay Acquisition
Benzinga17d agoneutral
Circle Doubles Down on Stablecoin Payments With Tazapay Acquisition

Circle Internet Group Inc. (NYSE:CRCL) said Tuesday it signed a definitive agreement to acquire Singapore-based cross-border payments platform Tazapay. Financial terms of the transaction were not disclosed.The deal is expected to close in 2027. It remains subject to customary conditions and regulatory approvals, including clearance from the Monetary Authority of Singapore.Expands Global Payments ReachTazapay provides business-to-business payment infrastructure to payment service providers and fi

Investing.com17d agobullish
UBS upgrades Lockheed Martin to Buy, sees 26% upside on missile growth

Investing.com -- Lockheed Martin is poised for stronger and more durable earnings growth than investors currently expect, with rising missile demand, F-35 sustainment and other defense programs supporting a multi-year expansion, UBS said on Tuesday as it upgraded the defense contractor to Buy from Neutral. UBS raised its 12-month price target to $674 from $581, implying about 26% upside from the report's Sept. 4 share price of $524.48. The bank expects the company to deliver a 9% revenue compoun

AI Infrastructure Will Cost Trillions More
The Wall Street Journal17d agoneutral
AI Infrastructure Will Cost Trillions More

Global spending on AI infrastructure is expected to reach a whopping $31.6 trillion through 2050, according to projections from PricewaterhouseCoopers. Right now, annual data center capital expenditure lands roughly at $800 billion, but that’s expected to increase to $1.8 trillion in 2050. For one, unlike traditional infrastructure booms—which taper off after the initial build-out—AI infrastructure investment is expected to accelerate, according to PwC’ s Global Data Centre Outlook.

Qualcomm Signs Deal to Provide Amazon With Custom AI Chips
Bloomberg17d agoneutral
Qualcomm Signs Deal to Provide Amazon With Custom AI Chips

Qualcomm Inc., the largest maker of smartphone processors, said it’s signed up Amazon.com Inc. as a data center chip customer in a deal that will span “multiple generations” and gives Amazon the right to acquire as much as $4 billion in shares.