Arm Holdings aims to gain more than 50% of the Windows PC market in five years, the chip designer’s CEO said, as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British firm’s technology.
Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand.
GameStop shares surged more than 70% premarket on Monday after “Roaring Kitty” Keith Gill, the stocks influencer behind the 2021 retail trading frenzy, returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
Billionaire Bill Ackman’s Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices, it said on Monday.
Global factory activity offered signs of recovery last month as contraction slowed in the euro zone and manufacturing activity in most of Asia’s largest economies picked up, private business surveys showed on Monday.
Mexico’s peso slipped nearly 3% against the dollar on Monday after Claudia Sheinbaum won a landslide victory in the presidential election and the ruling coalition looked poised for a super-majority that markets fear could bring constitutional change.
Nasdaq futures led Wall Street gains on Monday and were on track to begin June’s first trading day on a positive note as megacap growth stocks inched up, recovering some ground after closing Friday’s session in the red.
Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to increase margins.
Joe Gebbia, the Tesla director who exited a board committee that made key decisions about the car maker’s future, told Reuters that CEO Elon Musk had discussed purchasing a house from his start-up and that he was concerned their friendship could be seized on to attack the committee’s independence.
