Dell Doubles Down on AI: Massive Growth Forecasts Ahead
Dell doubled its growth forecast through 2030 due to massive AI server demand. They plan to improve their struggling PC business.
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Sanmina's Potential Boost from the AMD-OpenAI AI Deal
AMD and OpenAI's AI partnership is beneficial for Sanmina. The company builds AMD's GPU racks, but the exact financial impact is "difficult to determine," according to BofA.
IBM and Anthropic Join Forces to Boost AI for Business
IBM is partnering with Anthropic to add the powerful Claude AI model into IBM software used by large companies. The first tool getting Claude helps software engineers automate coding tasks, making development faster. IBM provides expertise selling tech to major businesses.
Wall Street's High-Stakes Battle for the Fannie Mae and Freddie Mac IPO
Major banks are competing for lead roles in what could be history's largest IPO as Trump administration plans to take Fannie Mae and Freddie Mac public, with Goldman Sachs, JPMorgan, and others vying for position.
NYSE Owner ICE Makes a $2 Billion Investment in Prediction Platform Polymarket
NYSE owner ICE plans a $2B investment in Polymarket, a crypto betting platform, to help it legally return to the controversial U.S. market.
Constellation Brands Beats Forecasts Despite Headwinds, Guidance Cut
Constellation Brands' Q2 profits beat analyst forecasts, causing shares to rise. Despite cutting their full-year outlook due to reduced spending by Hispanic customers, the company leads the U.S. beer market.