Ralph Lauren expects modest sales growth (mid-single-digit) for the next three years, disappointing investors despite recent success from preppy trends and higher product prices. Shares fell 4%. The company plans to return $2 billion to shareholders by fiscal 2028.
Oracle shares climbed following speculation that the software company may be part of a deal between the U.S. and China regarding TikTok.
Nvidia's new China AI chip (RTX6000D) faces low demand due to high cost & low performance. Firms await better chips (H20, B30A) amid US export bans & China's push for domestic alternatives. Beijing also has anti-monopoly & information risk concerns.
Intel has reduced its full-year 2025 adjusted operating expense target to $16.8 billion, down from $17 billion, due to Altera deconsolidation.
CoreWeave scored a $6.3 billion cloud deal with Nvidia! Nvidia will buy CoreWeave's unused cloud capacity until 2032, deepening their partnership. Nvidia also owns a stake in CoreWeave and supplies its GPUs, easing concerns about CoreWeave's data center costs.
Applied Digital is currently engaged in advanced discussions regarding a significant lease agreement with a major tech company.
