Anthropic weighs retail allocation of up to 20% in IPO
Senator Elizabeth Warren has separately sought answers about the company's AI risks, corporate ties and proposed stock market listing.
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Alphabet posts 25% revenue growth as quarterly profit declines
Google Cloud revenue increased 103%, with CEO Sundar Pichai citing demand for AI infrastructure and solutions.
Oracle shares rise as company forecasts US$30 billion in free cash flow
The company capped planned fundraising at US$20 billion through May 2030 and maintained its fiscal 2030 revenue goal of at least US$225 billion.
ASM lifts 2027 sales forecast by about 24% on AI chip demand
The Dutch equipment maker says the revised outlook puts its 2030 sales goal within reach three years early.
Memory stocks slide as strong earnings fail to reassure investors
Western Digital shares fell despite forecast-beating results and a dividend increase, while investors questioned the durability of AI spending.
Tesla sell recommendations dwindle as analysts weigh possible SpaceX deal
Barclays raised its Tesla rating to overweight, while Musk said board committees were examining a merger but cautioned that an agreement was not certain.
Neocloud stocks rebound after Musk warning on debt access
CoreWeave, Nebius and Iren recovered from early declines as industry executives disputed concerns about AI computing providers.
Revolut plans private tech investment platform for 2027
Access will be limited to eligible investors, but qualification rules, participating countries and minimum investments have not been disclosed.
Anthropic files for IPO as first-half revenue reaches US$16.3 billion
The company has not specified an offering price or share count, while its proposed governance structure limits public investors’ voting influence.
American Express to cut about 5% of staff in AI-related restructuring
Amex raised its full-year earnings guidance despite revenue missing analyst expectations. The restructuring carries a US$336 million charge.
