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Micron forecasts quarterly revenue, profit above estimates on AI memory demand

Micron forecasts quarterly revenue, profit above estimates on AI memory demand

By Anhata Rooprai Sept 30 (Reuters) - Micron Technology forecast quarterly revenue above estimates on Wednesday, signaling it expects the AI-driven memory chip boom to continue powering its growth. Shares of the Boise, Idaho-based company rose over 1% in extended trading.
ReutersReuters
Wall St climbs as cooling inflation tempers Fed rate-hike concerns

Wall St climbs as cooling inflation tempers Fed rate-hike concerns

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 30 (Reuters) - Wall Street's main indexes gained on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.
TheStreetTheStreet
Anthropic's IPO filing reveals a staggering AI bet

Anthropic's IPO filing reveals a staggering AI bet

The number buried inside it is unlike anything Wall Street has seen from an AI company.
ReutersReuters
Exclusive-Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Exclusive-Anthropic's IPO prospectus shows sweeping AI vision, surging costs

By Echo Wang Sept 28 (Reuters) - Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering.
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Micron Anticipates 'Substantial' Capital Returns Program Amidst Surging AI Memory Demand

Micron Anticipates 'Substantial' Capital Returns Program Amidst Surging AI Memory Demand

Micron Anticipates 'Substantial' Capital Returns Program Amidst Surging AI Memory Demand
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Anthropic Plans $518 Billion AI Infrastructure Buildout with Non-Cancelable Deals

Anthropic Plans $518 Billion AI Infrastructure Buildout with Non-Cancelable Deals

Anthropic Plans $518 Billion AI Infrastructure Buildout with Non-Cancelable Deals
ReutersReuters
US stock futures inch up as yields ease, inflation report looms

US stock futures inch up as yields ease, inflation report looms

Sept 30 (Reuters) - US stock index futures were slightly higher on Wednesday as bond yields eased and some megacap and growth stocks ticked up heading into a crucial inflation report that could help shape market expectations about the Federal Reserve's rate path.
ReutersReuters
US stock futures flat as tech bounce meets crude-driven caution

US stock futures flat as tech bounce meets crude-driven caution

Sept 29 (Reuters) - US stock index futures traded sideways on Tuesday, though tech and AI-linked stocks ticked higher, as rising crude oil prices and steep bond yields kept risk appetite in check over the lack of progress in US-Iran peace talks.
ReutersReuters
Anthropic's $518 billion AI buildout hinges largely on deals that cannot be canceled, filing shows

Anthropic's $518 billion AI buildout hinges largely on deals that cannot be canceled, filing shows

NEW YORK, Sept 29 (Reuters) - Anthropic said it expects to spend at least $518 billion over a decade building AI infrastructure with six partners, according to a confidential IPO prospectus seen by Reuters — a plan that ranks among the largest AI buildout commitments on record.
TheStreetTheStreet
Baird's strong agentic AI call on Micron is spot on

Baird's strong agentic AI call on Micron is spot on

One analyst argues that the next leg of the AI trade runs through a corner of the chip market many overlook.
ReutersReuters
Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Anthropic's IPO prospectus shows sweeping AI vision, surging costs

By Echo Wang Sept 28 (Reuters) - Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering.
ReutersReuters
Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

By Anhata Rooprai Sept 28 (Reuters) - Nvidia boosted its share buyback authorization by a record $150 billion, eclipsing Apple's $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to peers.