Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
HPE's AI server demand outpaces supply, BofA sees Q3 beat
Hewlett Packard Enterprise can't ship AI servers fast enough to meet customer demand. Bank of America expects a fiscal Q3 beat and a lift to
BofA: AI storage demand could lift NetApp's outlook
BofA Securities says NetApp is benefiting from AI inference workloads and data-lake upgrades, and management could raise fiscal 2027 guidanc
OpenAI's ChatGPT ads hit $1B run rate as global expansion begins
OpenAI says ChatGPT Ads has hit a $1 billion annualized revenue run rate. The company is expanding its self-serve Ads Manager to India, Euro
Nvidia invests $3.5B in MediaTek and opens its data centers to custom AI chips
Nvidia is investing $3.5 billion in chip designer MediaTek via convertible bonds and rolling out NVLink Fusion, a technology that lets custo
Tencent-backed AI chipmaker Enflame prices Shanghai IPO at 142.18 yuan
AI chipmaker Enflame has priced its Shanghai IPO at 142.18 yuan per share, targeting 6.1 billion yuan on the STAR Market. The company remain
Adobe gives Saudis free AI tools in $4B push to win Gulf market
Adobe is giving more than 27 million eligible Saudis a year of free access to its AI design tools, including a culturally tuned image model.
AI labs turn Apple's Mac mini into a quiet AI workhorse
OpenAI and Anthropic are snapping up thousands of Apple Macs for AI development, helping Mac sales jump 29% in Q2. The shift highlights how
OpenAI gets $5.5B warrant sweetener in SB Energy IPO filings
SB Energy's draft IPO filings show it granted OpenAI warrants valued at $5.5 billion to win the AI firm as a data-center tenant. The move un
Mech-Mind launches Hong Kong IPO with $186M cornerstone backing
Mech-Mind Robotics Technologies has launched a Hong Kong IPO targeting up to HK$2.35 billion. Cornerstone investors, including Baillie Giffo
China's CXMT ramps up LPDDR6 output for Xiaomi's foldable amid Pentagon fight
CXMT, China's leading memory chipmaker, is mass-producing LPDDR6 mobile memory for Xiaomi's upcoming foldable, the 18 Fold, launching in Sep
Pasqal's Nasdaq debut lifts quantum stocks, but use cases remain elusive
Pasqal's shares jumped as much as 73% after its $2 billion SPAC merger brought the French quantum computing firm to the Nasdaq. The rally hi
Marvell's AI data center growth could get a Google boost, RBC says
RBC Capital Markets sees Google becoming a bigger growth driver for Marvell's AI data center business from fiscal 2029. The stock slid nearl