SoftBank reported a fiscal Q1 net profit of 347.3 billion yen ($2.2 billion), surpassing analyst expectations of 120.23 billion yen, despite an 18% year-on-year decline. The profit was driven by a 1.3 trillion yen ($8.2 billion) gain from its stake in Intel, alongside a $2.2 billion increase in the value of its ByteDance investment, which helped offset losses in other Vision Fund holdings. This strong performance highlights SoftBank's successful investment strategy in key tech companies, although overall profit declined compared to last year. Investors will watch how these holdings perform in coming quarters amid market volatility.
Initta Technology showcased its new AI-driven retail solutions at its annual partner conference in Nanchang, emphasizing its shift from hardware supplier to AI-enabled service provider. The company highlighted its partnership with Intel, using Intel'...
Intel's stock fell 5% to $96.97 following its announcement of a $15 billion public stock offering aimed at funding growth opportunities in AI computing and expanding its chip foundry capabilities. The offering, including a 30-day option for an additi...
Intel announced a $15 billion common stock offering to support rising demand for AI computing. The funds will be used for capital expenditures, working capital, and growth in physical AI, purpose-built silicon, and advanced packaging. This move align...
The Global X Artificial Intelligence and Technology ETF (AIQ) provides dynamic exposure to leading AI and big data companies through systematic rebalancing and thematic screening, reducing risk from single stocks. With over $10 billion in assets unde...
Micron Technology reported a blockbuster fiscal Q3 with $41.456 billion revenue, up 345.72% year-over-year, driven by strong demand for AI-related memory products like HBM4. It achieved an 84.6% gross margin and expects even stronger Q4 results, sign...
