Apple’s Bold iPhone Expansion: 5 New Models, 10 Million Foldables Drive Stock Jump
Strong production outlook helps Apple navigate global memory chip shortage.
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O’Reilly Automotive Makes Cash Bid for Genuine Parts’ $10B Auto Unit
The potential acquisition could reshape the auto aftermarket as GPC focuses on its industrial business.
Anthropic’s AI Chip Ambitions Spark Semiconductor Sell-Off
Anthropic has started developing a custom AI chip and is in early talks with Samsung. The news sparked a sell-off in Nvidia, AMD, and semiconductor stocks amid growing custom silicon trend.
Redemption Pressure Eases at Blue Owl as Withdrawals Slow in Q2
Blue Owl saw redemption requests fall in Q2, with its flagship fund dropping to 19% from 22%. Total withdrawals eased to $4.7 billion amid improving investor confidence.
Meta Plans Cloud Business to Monetize Excess AI Compute Capacity
Meta is developing a new cloud offering to monetize its massive AI infrastructure, selling GPUs, servers, and Llama models to external customers.
Jana Partners Builds Activist Stake in AI Data Powerhouse Everpure
The hedge fund’s intentions remain undisclosed for now.