Nebius Shares Drop on $4.5 Billion Convertible Notes Offering and Exchange Deals
Shares fall in premarket on dilution fears as funds target AI data centers and GPUs.
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Shares fall in premarket on dilution fears as funds target AI data centers and GPUs.
Marvell issues Google a $12.2 billion warrant for 59M shares in a multi-year partnership to develop custom AI chips for Google’s TPU ecosystem.
JPMorgan keeps Overweight rating and $21 target on Nokia, citing strong AI/cloud orders and IP network gains. Company also plans major China site closures.
TJX expects Q3 adjusted EPS of $1.30 to $1.32, below the $1.35 consensus, with comparable sales growth of 2% to 3% amid resilient off-price demand.