Cadence Reports Record $8.1 Billion Backlog and Lifts Full-Year Outlook
Cadence beats Q2 expectations with $2.11 EPS and $1.58B revenue.
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$200 Billion Deal: Samsung Becomes Key AI Chip Supplier for Broadcom Through 2030
Samsung locks in a $200 billion multi-year deal with Broadcom for AI chips, HBM memory & foundry through 2030—boosting its race against TSMC.
China Starts Making Its Own Advanced Chip Tools, ASML Shares Drop
China begins producing its own immersion DUV lithography machines. A state-backed firm will deliver units to SMIC and other companies in 2026.
Piper Sandler Upgrades Rivian to Overweight on Smooth R2 Launch and Stronger Demand
Piper Sandler upgrades Rivian to Overweight with a $20 target, citing smooth R2 launch, stronger demand, and a de-risked balance sheet.
Circle Secures Massive Blockchain Patent Portfolio from IBM to Supercharge USDC and Arc
Circle buys nearly 1,000 blockchain patents from IBM, becoming the top U.S. holder.
Jefferies Turns Bullish on Detroit: Upgrades Ford and General Motors
Jefferies upgrades Ford to Buy ($17.50 PT) and GM to Buy ($99 PT). Stronger production, healthy U.S. demand and solid 2027 outlook drive the dual upgrades.