Marvell to Join S&P 500 After AI-Driven Rally
S&P Global said Marvell Technology will join the S&P 500 index on June 22, replacing Pool Corp and Campbell’s, and the announcement turned a stock that had already been one…
Tencent Returns to the Dollar Bond Market
Tencent Holdings has hired a group of investment banks to sell dollar-denominated benchmark bonds and offshore renminbi bonds, its first return to the dollar market since 2021, according to people…
Citi Raises S&P 500 Target to 8,100
Five days after the Nasdaq suffered its worst session since April 2025, Citi raised its year-end target for the S&P 500 to 8,100, according to CNBC. The call is the…
Sanxing Electric Poised for State Grid Contract
A Chinese maker of grid equipment has emerged as the leading candidate for a contract with the country’s biggest power utility, in a small deal that says something large about…
Alphabet Expands Equity Raise to $85 Billion
The offering grew a second time in as many weeks. Alphabet raised the size of its planned equity raise from $80 billion to $85 billion, according to people familiar with…
Browser Makers Demand Microsoft End Its Edge Push, Reviving a Decades-Old Fight
The letter is addressed to Satya Nadella, and its title leaves little room for interpretation: “Dear Microsoft, Enough is Enough.” Published June 3 by the Browser Choice Alliance, a coalition…
Broadcom’s Softer Outlook Shakes the Chip Trade, and Analysts See a Buying Window
The number that detonated the semiconductor market last week was not a loss. Broadcom reported record revenue of $22.19 billion for its fiscal second quarter, up 48 percent from a…
Microsoft and NVIDIA Draft a Standard for AI Agents
At Microsoft’s Build conference, the two companies did not just announce products. They announced a division of labor. NVIDIA will supply the acceleration layer — the GPUs and the software…
Meta’s Data Centers Get a Tent Upgrade
The satellite images show what look like enormous white structures rising outside New Albany, Ohio. City permits identify them as rapid deployment structures, which is Meta’s polite term for what…
Microsoft and OpenAI, Once Allies, Now Rivals
Mustafa Suleyman, the executive Microsoft put in charge of its artificial intelligence business, has a simple message for the company’s employees, partners and competitors: Microsoft no longer needs OpenAI. “We…