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AI startups ride on investor frenzy to raise billions in 2024

FACTBOX- AI startups ride on investor frenzy to raise billions in 2024 Oct 4 (Reuters) - OpenAI recently closed a $6.6 billion funding round at a $157 billion valuation that highlighted the enthusiasm around generative artificial-intelligence technology since the startup burst onto the scene with the launch of ChatGPT in late 2022. Since then a number of AI startups have managed to attract funding from well-known venture-capital funds and angel investors.
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Biden exempts some semiconductor factories from environmental reviews

UPDATE 1-Biden exempts some semiconductor factories from environmental reviews Adds details of bill, comments by U.S. lawmakers, White House, background, paragraphs 2-13 By David Shepardson WASHINGTON, Oct 2 (Reuters) - President Joe Biden on Wednesday signed legislation that will exempt some U.S. semiconductor manufacturing facilities from federal environmental reviews that are receiving government subsidies.
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Biden signs bill exempting some semiconductor factories from new environmental reviews

Biden signs bill exempting some semiconductor factories from new environmental reviews Oct 2 (Reuters) - President Joe Biden on Wednesday signed legislation that will exempt some U.S. semiconductor manufacturing facilities from new federal environmental reviews that are receiving government subsidies, the White House said. Without the new law, projects from the $52.7 billion semiconductor chips manufacturing and research program could have been forced to get new environmental reviews under a fed
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Germany aims to be world leader in quantum technologies, says Scholz

Germany aims to be world leader in quantum technologies, says Scholz BERLIN, Oct 1 (Reuters) - German Chancellor Olaf Scholz vowed to support the development of quantum technologies, saying at the opening of an IBM data centre on Tuesday that investment in the sector was crucial for the future of Europe's biggest economy. "Our goal is clear: to be global leader in quantum technologies," said Scholz, adding Germany had invested 2 billion euros ($2.22 billion) on quantum technology since 2020. "Th
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Intuitive Surgical Inc ISRG.OQ +2.4% GE Healthcare Technologies Inc GEHC.OQ +1.8% Cintas Corp CTAS.OQ +1.7% Apple Inc AAPL.OQ +1.6% Palo Alto Networks Inc PANW.OQ +1.4% Bottom Performers Percent Change Micron Technology Inc MU.OQ -4.7% Dollar Tree Inc DLTR.OQ -4.2% ON Semiconductor Corp ON.OQ -3.9% Intel Corp INTC.OQ -3.2% Lululemon Athletica Inc LULU.OQ -3.1% The Nasdaq 100 .NDX
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U.S. chipmakers fall as jittery investors await jobs data, Fed comments

BUZZ-U.S. chipmakers fall as jittery investors await jobs data, Fed comments ** Shares of U.S. chipmakers fall as investors turn cautious ahead of several job reports and remarks through the week from Federal Reserve policymakers ** Shares of AI chipmaker Nvidia NVDA.O fall 1.4% ** "NVDA underperformance likely due to broader macro concerns this mo
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Intel and US to finalise $8.5 bln in chips funding by year-end, FT reports

UPDATE 1-Intel and US to finalise $8.5 bln in chips funding by year-end, FT reports Adds details in paragraph 2, background in paragraph 4 onwards Sept 27 (Reuters) - Intel INTC.O and the U.S. government will likely finalise $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions.
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Intel and US to finalise $8.5 bln in chips funding by year-end, FT reports

Intel and US to finalise $8.5 bln in chips funding by year-end, FT reports Sept 27 (Reuters) - Intel INTC.O and the U.S. government are on track to finalise $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions. Reporting by Rhea Rose Abraham
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Intel & U.S. Race To Finalise $8.5 Bln In Chips Funding By Year's End- FT

BRIEF-Intel & U.S. Race To Finalise $8.5 Bln In Chips Funding By Year's End- FT Sept 27 (Reuters) - Intel Corp INTC.O : INTEL AND US RACE TO FINALISE $8.5BN IN CHIPS FUNDING BY YEAR'S END- FT Source text: https://tinyurl.com/29z5rf37 Further company coverage: INTC.O
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Intel rejects Arm's approach for product division, Bloomberg News reports

UPDATE 2-Intel rejects Arm's approach for product division, Bloomberg News reports Adds Intel declining to comment in paragraph 4 Sept 26 (Reuters) - Arm Holdings ARM.O approached Intel INTC.O about potentially acquiring the company's product division but was told that the business is not for sale, Bloomberg News reported on Thursday. The British chip firm did not express interest in Intel's manufacturing operations, the report added, citing a person familiar with the matter.
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Arm showed interest in Intel's product division, Bloomberg News reports

Arm showed interest in Intel's product division, Bloomberg News reports Sept 26 (Reuters) - Arm Holdings O9Ty.F approached Intel INTC.O about potentially acquiring the company's product division but was told that business isn't for sale, Bloomberg News reported on Thursday. Reporting by Gursimran Kaur in Bengaluru; Editing by Nivedita Bhattacharjee
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U.S. STOCKS Starbucks, Crocs, Accenture

BUZZ-U.S. STOCKS ON THE MOVE-Starbucks, Crocs, Accenture Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes rose in choppy trading on Thursday, with the S&P 500 hitting an intraday record high after Micron's upbeat forecast rekindledthe hype around artificial intelligence, and a soft jobless claims report soothed worries about the labor market.
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U.S. STOCKS Crocs, First Solar, Qualcomm

BUZZ-U.S. STOCKS ON THE MOVE-Crocs, First Solar, Qualcomm Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes rose on Thursday, with the S&P 500 hitting a record high, as Micron's upbeat forecast revived the frenzy around artificial intelligence, and a softer-than-expected jobless claims report soothed worries about the labor market.
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Chipmaker stocks rally after Micron's forecast points to steady AI demand

RPT-BUZZ-Chipmaker stocks rally after Micron's forecast points to steady AI demand Repeats to widen distribution with no changes to text ** Shares of chipmakers advance after Micron Technology MU.O signals robust demand for semiconductors used to power generative AI technology with strong revenue forecast ** The broader Philadelphia Semiconductor Index .SOX opened at a two-month high, last up 3.87%, set to add to the nearly 23% gain this year ** Largest chipmaker Nvidia NVDA.O , which uses Micro
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Micron rises 13% as strong forecast impresses hungry investors

UPDATE 2-Micron rises 13% as strong forecast impresses AI-hungry investors Recasts paragraph 1, updates market cap addition in paragraph 2, shares in paragraphs 7,8, adds analyst comments in paragraphs 5, 13, 14 By Arsheeya Bajwa Sept 26 (Reuters) - Micron Technology MU.O surged more than 13% on Thursday, after its first-quarter revenue forecast indicated strong demand and pricing for the high-bandwidth memory chips (HBM) used to support booming generative artificial intelligence technology.
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Chipmaker stocks rally after Micron's forecast points to steady AI demand

BUZZ-Chipmaker stocks rally after Micron's forecast points to steady AI demand ** Shares of chipmakers advance after Micron Technology MU.O signals robust demand for semiconductors used to power generative AI technology with strong revenue forecast ** The broader Philadelphia Semiconductor Index .SOX opened at a two-month high, last up 3.87%, set to add to the nearly 23% gain this year ** Largest chipmaker Nvidia NVDA.O , which uses Micron's high-bandwidth memory chips (HBM) for its AI processor
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Micron fuels chip stock rally as AI demand powers revenue forecast

Micron fuels chip stock rally as AI demand powers revenue forecast By Arsheeya Bajwa Sept 26 (Reuters) - Micron Technology MU.O surged 15% on Thursday in premarket trading , leading a rally in chip stocks after its strong revenue forecast signaled robust demand for semiconductors used to power generative AI technology. The company, whose high-bandwidth memory chips (HBM) are used in Nvidia's NVDA.O popular artificial intelligence processors, was set to add more than $17.5 billion to its market v
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Visa taps hardened D.C. duo to battle US monopoly lawsuit

Visa taps hardened D.C. duo to battle US monopoly lawsuit By Mike Scarcella Sept 25 (Reuters) - Visa V.N has hired a pair of prominent Washington, D.C., antitrust lawyers to help it fight the U.S. Justice Department's new lawsuit accusing the payments giant of monopolizing debit card markets. Visa’s defense lawyers include longtime trial lawyer Beth Wilkinson of the litigation firm Wilkinson Stekloff, and Jonathan Gleklen, who leads the antitrust group at 1,000-lawyer Arnold & Porter Kaye Scho
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U.S. STOCKS DoorDash, KB Home, Tyson Foods

BUZZ-U.S. STOCKS ON THE MOVE-DoorDash, KB Home, Tyson Foods Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed on Wednesday, with the S&P 500 hovering near record highs, as investors awaited more indicators on the state of the economy and upcoming interest rate reductions.
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Constellation Energy Corp CEG.OQ +4.2% Intel Corp INTC.OQ +3.4% NVIDIA Corp NVDA.OQ +2.2% Arm Holdings PLC ARM.OQ +2.2% Advanced Micro Devices Inc AMD.OQ +2.0% Bottom Performers Percent Change Amgen Inc AMGN.OQ -4.7% Diamondback Energy Inc FANG.OQ -2.1% Charter Communications Inc CHTR.OQ -1.9% CoStar Group Inc CSGP.OQ -1.9% Dexcom Inc DXCM.OQ -1.7% The Nasdaq 100 .NDX gained 31.72
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