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The San Francisco scooter-and-e-bike operator goes public as Neutron Holdings with Goldman Sachs and JPMorgan as joint book-runners. $686m in 2024 revenue and two consecutive years of free cash flow give it a financial profile that the rest of the category never reached. Lime, the Uber-backed shared scooter and e-bike operator, filed for a US […]
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NVIDIA will invest up to $2.1bn in IREN as part of a deal that pairs the chipmaker’s reference architecture with the data-centre operator’s 5-gigawatt infrastructure pipeline. The two companies announced the partnership on Thursday. The structure is unusual. Rather than a straight equity round, IREN has issued Nvidia a five-year warrant for up to 30 […]
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NVIDIA takes $2.1bn warrant in IREN as part of 5GW AI data-centre deal Read More »
FY26 guidance puts operating profit at ¥1.6 trillion. The PS5 install base, royalty income from streaming, and a smartphone-camera business with no obvious challenger are doing the work while the gaming hardware unit absorbs a memory-cost shock. Sony Group on Friday set out FY26 guidance the market had largely priced in: operating profit of ¥1.6 […]
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Samsung’s stock has more than quadrupled in a year. The KOSPI broke 7,000 for the first time. Two Korean chipmakers now account for 42% of the index. The supercycle that built this rally is, by Samsung’s own forecast, not yet at its peak. There is a particular type of market moment that does not happen […]
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Duolingo beat every Wall Street estimate for the first quarter of 2026. Revenue rose 27 per cent year on year to 292 million dollars. Earnings per share came in at 89 cents against expectations of 76 cents. Daily active users grew 21 per cent to 56.5 million. Paid subscribers grew 21 per cent to 12.5 […]
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Three months after a $30bn multi-currency raise, Google’s parent is back. The euro tranches expand one of the most active corporate borrowing programmes of the AI cycle. Three months after raising more than $30bn in a multi-currency global debt issue, Alphabet is back at the bond market. Bloomberg reported on Tuesday that Google’s parent has […]
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Three months after raising $30bn, Alphabet taps the euro market again Read More »
Blackstone Digital Infrastructure Trust will list on the NYSE under BXDC, targeting newly built data centres leased to hyperscalers. It is the most direct way Wall Street has yet packaged the AI build-out for public investors. For most of the past 18 months, the financial story behind the AI build-out has been a story about […]
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Blackstone wants $1.75bn for the first AI-era data-centre REIT Read More »
After a 30% year-to-date drawdown, Monday’s Q1 results are Palantir’s first chance to argue, not assume, that it does not belong in the broader AI software multiple compression. Until two weeks ago, Palantir was, by some measures, the best-performing large-cap software stock of the AI cycle. It had outpaced Salesforce, Microsoft, Oracle, and Adobe by […]
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Palantir’s earnings test arrives in the middle of an AI software sell-off Read More »
Three days after suggesting it might target up to $4bn at $40bn, the AI chipmaker has marketed 28 million shares at $115-$125 each, lining the deal up with its February private valuation rather than above it. Cerebras Systems was preparing to seek up to $4bn at a roughly $40bn valuation in its long-awaited initial public […]
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Cerebras files updated IPO terms: $3.5bn raise at $26.6bn valuation Read More »
Amazon reported first-quarter 2026 net sales of $181.5 billion, a 17 per cent increase year on year that exceeded analyst estimates by more than $4 billion. Net income reached $30.3 billion, nearly doubling from $17.1 billion in the same period last year. Earnings per share came in at $2.78, crushing the $1.64 consensus. AWS revenue […]
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