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…
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…
Global Selloff Deepens as AI Trade Unwinds
The selloff that began with an earnings call in Santa Clara ended three days later with a circuit breaker in Seoul. Monday morning, the Korea Composite Stock Price Index opened…
Anthropic’s IPO Push and the Non-Proliferation Pitch
The essay arrived weeks before a listing expected to value Anthropic at $965 billion, and it read like a treaty proposal for the age of artificial intelligence. Anthropic published a…
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…
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…
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…
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 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…
Honor Launches Magic V6 Folding Phone With Waterproofing First
The most durable folding phone yet is going on sale outside China. Honor has begun shipping the Magic V6, its latest foldable, in Singapore and Malaysia at a price of…
