Demand for AI
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STMicroelectronics raises data centre revenue target on AI demand
STMicroelectronics raises data centre revenue target on AI demand June 2 : STMicroelectronics raised the revenue target for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity. The Franco-Italian chipmaker now expects data centre revenue of about $1 billion in 2026, compared with its previous forecast for revenue "nicely above" $500 million. "Assuming the current dynamic continues and with the current engagements we...
AI demand, earnings optimism lift tech giants' market value in May
AI demand, earnings optimism lift tech giants' market value in May June 2 : The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI chips fuelled a rally in their shares. Apple, memory chipmakers Micron Technology, Samsung Electronics and SK Hynix led the gains, adding $598 billion, $512 billion, $481 billion and $377 billion, respectively, in market value. Their...
HPE fast forwards to 2028 goals on robust AI demand, shares surge 36%
HPE fast forwards to 2028 goals on robust AI demand, shares surge 36% June 1 : Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 36 per cent in extended trading. HPE, which competes with Dell and Super Micro Computer, is benefiting as customers increasingly buy its servers and networking products to power AI applications such as...
HPE lifts forecast past 2028 goals on robust AI demand, shares surge 36%
HPE lifts forecast past 2028 goals on robust AI demand, shares surge 36% June 1 : Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 36 per cent in extended trading. HPE, which competes with Dell and Super Micro Computer, is benefiting as customers increasingly buy its servers and networking products to power AI applications such...
STMicro lifts data centre revenue goals on AI demand, shares hit 25-year high
STMicro lifts data centre revenue goals on AI demand, shares hit 25-year high June 2 : STMicroelectronics raised the 2026 and 2027 revenue targets for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity. The Franco-Italian chipmaker's shares rose as much as 10 per cent to €65.21 per share, their highest since September 2000. They were up 8.4 per cent as of 0738 GMT, among top gainers on Europe's benchmark STOXX 600...
Broadcom forecasts quarterly revenue above estimates on strong AI chip demand
Broadcom forecasts quarterly revenue above estimates on strong AI chip demand (Corrects to say adjusted profit beat estimates, not trailed, in paragraph 7) June 3 : Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear. However, shares of the Palo Alto, California-based company fell more than 2 per cent in extended trading.
Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand
Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand June 9 : Super Micro Computer said on Tuesday it would raise $7 billion through a series of equity and equity-linked financing transactions to fund the purchase of components needed to meet the growing demand for its advanced AI servers. The company said it will use the proceeds to fulfill orders worth about $39 billion for its advanced AI servers from more than 20 customers. AI infrastructure firms have...
Driven by AI demand, China on track to pass US as top nuclear energy producer
Driven by AI demand, China on track to pass US as top nuclear energy producer Beijing is building new reactors at unrivalled speed – but the US still holds an edge in nuclear fusion research, analyst says While the US maintained the world’s largest operational fleet of nuclear reactors, China now accounted for nearly half of all those under construction globally and was expected to match American capacity within five years, Gavekal Technologies said on Monday. “By a wide margin, China will...
Applied Materials expands Singapore operations, plans 1,000 jobs amid AI chip demand
Applied Materials expands Singapore operations, plans 1,000 jobs amid AI chip demand The new roles are "good jobs" that will allow Singaporeans to work on frontier technologies and gain exposure to global operations, said Deputy Prime Minister Gan Kim Yong. Semiconductor equipment maker Applied Materials expects to create 1,000 new jobs in Singapore over the next few years as it expands its manufacturing and research operations to support a growing global demand for advanced chips driven by...
Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge
Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge June 2 : Palo Alto Networks raised its annual revenue and profit forecast on Tuesday, as enterprises increased spending on cloud, identity and AI-driven cybersecurity products amid a rising threat landscape, sending shares up 7.4 per cent in extended trading. Here are some details on the results: • Santa Clara, California-based Palo Alto expects revenue of $11.415 billion to $11.425 billion for fiscal 2026,...