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U.S. stocks weekly: Birthday bull

BUZZ-U.S. stocks weekly: Birthday bull ** S&P 500 .SPX advances fifth straight week, adds 1.1% as earnings season gets underway .N ** This as the bull market hits a birthday , and it still may be young at heart ** Indeed, SPX scores new highs, and has now posted its 45th record closing high so far this year ** Benchmark U.S. 10-year Treasury yield US10YT=RR forges back over 4%, but streak may have it stretched to the upside ** Majority of sectors celebrate: Technology and Industrials party most,
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What Masayoshi Son can teach us about investing

RPT-BREAKINGVIEWS-What Masayoshi Son can teach us about investing The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Felix Martin LONDON, Oct 11 (Reuters Breakingviews) - When OpenAI raised $6.6 billion of fresh capital last week , the pioneering artificial intelligence startup’s implied $157 billion valuation was the headline-grabbing news.
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Japan's Nikkei rises as Fast Retailing jumps; earnings jitters weigh

Japan's Nikkei rises as Fast Retailing jumps; earnings jitters weigh Updates prices as of 0600 GMT By Brigid Riley TOKYO, Oct 11 (Reuters) - Japan's Nikkei share average rose to a two-week closing high on Friday, propelled by gains in index heavyweight Fast Retailing, even as investors turned cautious as the earnings season kicked into high gear. The Nikkei .N225 closed 0.6% higher at 39,605.80, logging a 2.5% gain for the week.
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What Masayoshi Son can teach us about investing

BREAKINGVIEWS-What Masayoshi Son can teach us about investing The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Felix Martin LONDON, Oct 11 (Reuters Breakingviews) - When OpenAI raised $6.6 billion of fresh capital last week , the pioneering artificial intelligence startup’s implied $157 billion valuation was the headline-grabbing news.
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Japan's Nikkei firms on Fast Retailing, chip share gains

Japan's Nikkei firms on Fast Retailing, chip share gains By Brigid Riley TOKYO, Oct 11 (Reuters) - Japan's Nikkei share average rose on Friday, buoyed by index heavyweight Fast Retailing and major semiconductor-related shares, while investors awaited another round of domestic companies earnings reports. The Nikkei .N225 rose 0.6% to 39,612.82 by the midday break after touching its highest intraday trading level in two weeks at 39,662.42. The index is on track for a more than 2% gain for the week
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Tesla gambles on ‘black box’ AI tech for robotaxis

RPT-INSIGHT-Tesla gambles on ‘black box’ AI tech for robotaxis rpt with digital headline By Norihiko Shirouzu, Chris Kirkham Oct 10 (Reuters) - Tesla aims to stun investors Thursday night with its long-awaited “robotaxi unveil," a potential milestone after a decade of Elon Musk’s unfulfilled promises to deliver self-driving vehicles. The automaker is widely expected to showcase a prototype called the "Cybercab" rather than a road-ready driverless taxi.
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Wall St mixed as inflation data backs bets of 25 bps rate cut in November

US STOCKS-Wall St mixed as inflation data backs bets of 25 bps rate cut in November For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. September CPI data higher than expected Delta Air Lines down after Q3 results Energy stocks track oil prices higher Banks to kick off Q3 earnings season on Friday Indexes: Dow down 0.08%, S&P 500 flat, Nasdaq up 0.18% Updated at 12:07 pm ET/1607 GMT By Lisa Pauline Mattackal and Pranav Kashyap Oct 10 (Reute
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AMD sees next AI chip in mass production later this year

UPDATE 6-AMD sees next AI chip in mass production later this year Adds CEO comments, background, updates shares, paragraphs 2-3 and 11-12 AMD's MI325X AI chip to start mass production in Q4 2024 Next-gen MI350 series chips to release in H2 2025 with improved performance New server and PC chips unveiled based on Zen 5 architecture Shares fall nearly 5% By Max A.
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Tesla gambles on ‘black box’ AI tech for robotaxis

INSIGHT-Tesla gambles on ‘black box’ AI tech for robotaxis By Norihiko Shirouzu and Chris Kirkham Oct 10 (Reuters) - Tesla aims to stun investors Thursday night with its long-awaited “robotaxi unveil," a potential milestone after a decade of Elon Musk’s unfulfilled promises to deliver self-driving vehicles. The automaker is widely expected to showcase a prototype called the "Cybercab" rather than a road-ready driverless taxi.
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AMD likely to launch new AI chips at San Francisco data center event

AMD likely to launch new AI chips at San Francisco data center event By Max A. Cherney SAN FRANCISCO, Oct 10 (Reuters) - Advanced Micro Devices AMD.O is expected to announce several new artificial intelligence processors and other chips at an event in San Francisco on Thursday, as it grows as a supplier of AI chips in a market dominated by Nvidia NVDA.O .
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Bosch, Tenstorrent to collaborate on standardizing automotive chips

Bosch, Tenstorrent to collaborate on standardizing automotive chips By Max A. Cherney SAN FRANCISCO, Oct 10 (Reuters) - German industrial giant Bosch will collaborate with U.S. chip startup Tenstorrent to develop a platform for standardizing the building blocks of automotive chips, Tenstorrent executives said. The plans include developing a standard method to use a building block of modern chips, called chiplets , to create systems that can power vehicles with significantly different needs , Ten
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Space startups see funding growth as investors bet on capex-intensive ventures, report says

Space startups see funding growth as investors bet on capex-intensive ventures, report says By Akash Sriram Oct 10 (Reuters) - Space startups raised $1.9 billion in the third quarter, up nearly a fifth from a year earlier, fueled by strong investor interest in rocket launchers and satellite manufacturers, according to a Seraphim Space report on Thursday.
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Applied Digital rises on smaller-than-expected Q1 adj loss

BUZZ-Applied Digital rises on smaller-than-expected Q1 adj loss ** Shares of data center operator Applied Digital APLD.O rise 3.4% to $7.65 in volatile after-market trading ** APLD Q1 revenue stood at $60.7 mln vs analysts' estimates of $54.9 mln ** Co posts Q1 adj.loss of $15 cents/shr, compared to estimate of $29 cents/shr ** Co names Saidal Mohmand as its new CFO, effective Oct.
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Wall Street rises with Fed minutes, inflation data in focus; Alphabet drops

US STOCKS-Wall Street rises with Fed minutes, inflation data in focus; Alphabet drops For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Google-parent Alphabet down on potential DOJ action Boeing falls after talks with union halted Fed minutes due at 2:00 p.m. ET Indexes: Dow up 0.92%, S&P 500 up 0.60%, Nasdaq up 0.45% Updated at 12:10 p.m.
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Wall St. mixed with Fed minutes, inflation data in focus

US STOCKS-Wall St. mixed with Fed minutes, inflation data in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Google-parent Alphabet down on potential DOJ action Boeing falls after talks with union halted Fed minutes due at 2:00 p.m. ET Indexes: Dow up 0.35%, S&P 500 flat, Nasdaq down 0.25% Updated at 9:45 a.m.
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Japan's Nikkei gains on tech, China boosts; 7-Eleven owner jumps

Japan's Nikkei gains on tech, China boosts; 7-Eleven owner jumps Updates with closing prices By Kevin Buckland TOKYO, Oct 9 (Reuters) - Japan's Nikkei share average rose on Wednesday, as tech stocks tracked their U.S. peers higher and renewed hopes of a China stimulus helped lift the mood. Shares of 7-Eleven owner and takeover target Seven & i Holdings 3382.T jumped following a media report of a sweetened bid.
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TSMC's third-quarter revenue easily beats market forecast

UPDATE 1-TSMC's third-quarter revenue easily beats market forecast Recasts, updates throughout TAIPEI, Oct 9 (Reuters) - TSMC 2330.TW , the world's largest contract chipmaker, reported on Wednesday third-quarter revenue that easily beat both the market and company's own forecasts as it reape d the benefit from artificial intelligence (AI) demand. Taiwan Semiconductor Manufacturing Co, whose customers include Apple AAPL.O and Nvidia NVDA.O , has been at the forefront of the march towards AI that
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TSMC's third-quarter revenue easily beats market forecast

TSMC's third-quarter revenue easily beats market forecast TAIPEI, Oct 9 (Reuters) - TSMC, the world's largest contract chipmaker, reported on Wednesday third-quarter revenue of T$759.69 billion ($23.62 billion), according to Reuters calculations, easily beating the market forecast, as the company reaps the benefit from artificial intelligence (AI) demand.
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Asian currencies eke out gains on muted dollar

CORRECTED-EMERGING MARKETS-Asian currencies eke out gains on muted dollar Corrects third bullet to say Shanghai stocks reverse Tuesday gains, not Monday, paragraph 15 to say "10-day" from "seven-day" Thailand baht gains most among Asian FX RBI holds interest rates at 6.50% Shanghai stocks reverse Tuesday's gains By Sneha Kumar and Archishma Iyer Oct 9 (Reuters) - Most emerging Asian currencies gained ground against a muted dollar on Wednesday as investors stood on the sidelines to assess the fut
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Asian currencies eke out gains on muted dollar

CORRECTED-EMERGING MARKETS-Asian currencies eke out gains on muted dollar Corrects third bullet to say Shanghai stocks reverse Tuesday gains, not Monday, paragraph 15 to say "10-day" from "seven-day" Thailand baht gains most among Asian FX RBI holds interest rates at 6.50% Shanghai stocks reverse Tuesday's gains By Sneha Kumar and Archishma Iyer Oct 9 (Reuters) - Most emerging Asian currencies gained ground against a muted dollar on Wednesday as investors stood on the sidelines to assess the fut
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