Nicolas Thomas
Journalist
Super Micro sharply raises guidance on demand for AI servers
Super Micro Computer has raised its revenue and gross margin guidance for Q1, driven by strong demand for infrastructure dedicated to artificial intelligence. The US server maker now expects revenue of between $18.5bn and $19.5bn, compared with its previous range of $14.5bn to $15.5bn and a consensus estimate of $15.23bn. The announcement sent its stock up more than 13% after Wall Street's close.
October 21, 2026 at 12:27 pm IST
Starboard takes stake in Solstice and calls for $100m in savings
Activist investor Starboard Value announced it had taken a stake in Solstice Advanced Materials, formerly a Honeywell subsidiary, arguing that the group is suffering from significant stock market undervaluation. Speaking at a conference in New York, Chief Executive Jeffrey Smith called on management to improve performance and restore investor confidence. He advocates refocusing on the company's traditional refrigerants and nuclear businesses, alongside a cost-cutting program of approximately $100m.
October 21, 2026 at 12:20 pm IST
SpaceX Reports 161% Revenue Growth, Driven by AI and Starlink
SpaceX yesterday reported a 161% increase in Q3 revenue to $14.58bn, surpassing the $12.72bn expected by analysts. Net income reached $4.4bn, well above the $1.57bn anticipated, following a $541m loss in the previous quarter. Performance was driven by the expansion of artificial intelligence activities and Starlink's growth. In AI, the group derives most of its revenue from leasing computing capacity to companies such as Anthropic, Google and Reflection AI, while its own solutions, notably Grok, continue to face intense competition.
October 21, 2026 at 11:57 am IST
Qualcomm prepares worldwide job cuts
US semiconductor manufacturer Qualcomm plans to reduce its global workforce following its annual reviews, aiming to strengthen its performance-driven culture. According to an internal memo from CEO Cristiano Amon, affected employees will be notified starting in November. Decisions will take into account individual performance, business priorities and the evolution of the skills needed by the group. The number of positions to be eliminated was not specified, while Qualcomm employed approximately 52,000 people as of last September.
October 21, 2026 at 11:55 am IST
Hilton to transfer listing to Nasdaq to strengthen its technology positioning
Hilton Worldwide announced plans to leave the New York Stock Exchange (NYSE) for Nasdaq in an effort to strengthen its image as an innovative company and increase its visibility among growth-focused investors. The move marks a new milestone for the US hotel group, which became the first company in its sector to be listed on the NYSE in 1946. Hilton returned to the public markets in 2013 after six years under the control of private equity firm Blackstone. Its shares will begin trading on Nasdaq on November 5 under its current ticker symbol, "HLT".
October 20, 2026 at 07:51 pm IST
Salesforce announces $5.66bn acquisition of Braze
On Tuesday, Salesforce announced an agreement to acquire Braze, a platform specializing in customer engagement, for an estimated $5.66 billion. The deal is intended to integrate Braze's operations into the American customer relationship management (CRM) group. Under the terms announced, Braze Class A shareholders will receive $47.50 in cash for each share held.
October 20, 2026 at 07:37 pm IST
Nscale reportedly negotiating $45bn cloud contract with Anthropic
Nscale, an artificial intelligence cloud infrastructure provider backed by Nvidia, is reportedly in talks with Anthropic over a computing capacity supply contract worth up to $45bn, according to Bloomberg. The proposed agreement would involve a second facility at the Monarch data center campus in West Virginia, United States. It would allow Nscale to strengthen its business relationship with the developer of the Claude artificial intelligence assistant.
October 20, 2026 at 12:57 pm IST
Unilever sells Welly to Forward Consumer Partners
Unilever announced the sale of Welly Health PBC, a US brand specializing in colorful adhesive bandages, to investment firm Forward Consumer Partners. The financial terms of the transaction were not disclosed. The British group acquired a majority stake in Welly from co-founder Eric Ryan in 2021. According to The Wall Street Journal, the deal is expected to close in the fourth quarter, subject to customary closing conditions.
October 20, 2026 at 12:00 pm IST
JPMorgan finally turns optimistic on Intel
In addition to the rebound in technology stocks, the US semiconductor maker is also benefiting from a more encouraging note from JPMorgan, which has upgraded its rating from "underweight" to "neutral", sending the stock up 3.2%. The US bank praised the operational progress made under the leadership of Lip-Bu Tan, while warning that the group's turnaround will still take several years.
October 20, 2026 at 11:59 am IST
SoftBank considers $18bn acquisition of Allied Universal to accelerate its push into robotics
SoftBank Group is considering a potential acquisition of US security specialist Allied Universal in a transaction that could value the company at approximately $18bn, Bloomberg News reported. The deal would fit the strategy of Masayoshi Son, founder of the Japanese conglomerate, to strengthen its investments in artificial intelligence, robotics and technology infrastructure. The discussions remain preliminary, however, and no final decision has been made regarding either the deal itself or the financial terms of a potential acquisition.
October 19, 2026 at 12:52 pm IST
Tesla Wins Dismissal of Class Actions Over Self-Driving Claims
A US federal appeals court overturned a decision allowing thousands of Tesla customers in California to pursue three class actions against the automaker over allegedly misleading statements about the fully self-driving capabilities of its vehicles. Ninth Circuit judges in San Francisco found that the circumstances specific to each buyer required individual review, preventing the complaints from being grouped together. The decision represents a temporary legal victory for Tesla, but does not end the dispute or resolve the merits of the allegations.
October 19, 2026 at 12:52 pm IST
Apple Bets on $1,999 iPhone Duo to Support Growth Through Premium Segment
Apple has opened preorders for the iPhone Duo, its first foldable smartphone, priced from $1,999 and up to $3,199 for the 2 TB version. Initial in-store inventory quickly sold out, while some deliveries have been pushed back to late January. With the new model, the company is seeking to strengthen its premium positioning and increase revenue generated by its highest-spending customers, rather than immediately target the mass market. According to IDC, foldable smartphones are expected to account for just over 2% of global volumes this year, but nearly 7% of industry revenue, a share that could reach 10% by 2030.
October 19, 2026 at 12:51 pm IST
Nvidia takes on Intel and AMD's turf with its AI-powered PCs
After largely dominating the market for chips designed for data centers in recent years, Nvidia is now seeking to establish itself in the personal computer market. The US giant launched its first PCs equipped with the RTX Spark platform this Friday, developed with MediaTek and marketed by six manufacturers, including Dell, HP, Lenovo and Microsoft, starting at $2,599.
October 19, 2026 at 12:51 pm IST
Eli Lilly moves closer to European approval for its anti-obesity pill Foundayo
Eli Lilly has received a favorable opinion from a committee of the European Medicines Agency (EMA) for Foundayo, its oral treatment for obesity and Type 2 diabetes in adults. The final decision now rests with the European Commission, as the U.S. drugmaker intensifies its competition with Novo Nordisk in an obesity-treatment market that could exceed $100 billion by 2030. Foundayo thus becomes the second weight-loss pill to receive a positive recommendation from the EMA, after the oral version of Wegovy.
October 19, 2026 at 12:48 pm IST
CoreWeave CEO has sold nearly $1bn worth of shares since IPO
Michael Intrator, CEO of CoreWeave, and several entities affiliated with him have sold over 10 million shares of the US artificial intelligence cloud specialist since its IPO in March 2025, for close to $1bn. The transactions come as the stock faces heavy pressure, with a weekly decline of about 24% expected. Investors are particularly concerned about the company's substantial spending and its reliance on debt, amid the risk of rising interest rates.
October 19, 2026 at 12:48 pm IST
UniCredit wins ECB approval to take control of Commerzbank
UniCredit has obtained authorization from the European Central Bank (ECB) to take control of Commerzbank, clearing a major hurdle in its plan to combine with the German bank. The decision comes after a hostile EUR45 billion takeover bid completed in July, which enabled the Italian group to raise its stake to 48%. The transaction could become Europe's largest cross-border bank acquisition since the global financial crisis.
October 16, 2026 at 01:30 pm IST
Amazon unveils two AI devices capable of listening to everyday conversations
Amazon has unveiled two new wearable artificial intelligence devices designed to analyze everyday conversations and automatically generate reminders, recommendations and personalized insights. Marketed under the Bee brand, which it acquired last year, the devices combine voice interactions with data from calendars and apps. The Frontier smart bracelet will sell for $75, while Eclipse, a magnetic accessory that attaches to a smartphone, will cost $100.
October 16, 2026 at 12:25 pm IST
Apple and Meta team up to run Muse Spark Open AI model on Mac Studio
Apple and Meta have announced a collaboration allowing developers to run Muse Spark Open, Meta's new open-weights artificial intelligence model, locally on the most powerful Mac Studio computers. The first partnership between the two rivals in several years aims to reduce dependence on cloud infrastructure while strengthening their respective positions in artificial intelligence.
October 16, 2026 at 12:17 pm IST
CNN signs multi-year partnership with Google on generative artificial intelligence
CNN, now under Skydance's control, announced a multi-year agreement with Google to develop new generative artificial intelligence applications for its news platforms. The collaboration, the first since Skydance merged with Paramount, reflects David Ellison's goal of strengthening the media group's technological focus.
October 16, 2026 at 12:16 pm IST
GL Events puts on a show, tech loses its footing
GL Events raises its forecasts after an exceptional quarter, while Ericsson leads the Stoxx 600 thanks to results far above expectations. By contrast, semiconductor stocks are plunging in the wake of Asia, hit by rising interest rates and doubts over the financing of AI infrastructure.
October 15, 2026 at 02:51 pm IST
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