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Firmus has abandoned its attempt at one of Australia’s biggest-ever initial public offerings after failing to lure global investors. Bloomberg’s Manuel Baigorri says the news comes amid global concerns over frothy AI valuations (Source: Bloomberg)
Shares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placement, as competition with other Chinese Nvidia challengers intensifies. The sell-off followed a stock exchange filing by the Hong Kong-listed company on late Wednesday, which revealed it had engaged placing agents on a “best effort” basis to issue 130 million new shares at HK$31.08 apiece. The offering...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Myles O'Grady, Bank of Ireland CEO; Kristalina Georgieva, IMF Managing Director; Miles Celic, TheCityUK CEO; Ian Bremmer, Eurasia Group President & Founder (Source: Bloomberg)
Firmus Grid Ltd. plans to allocate about half of the shares in its initial public offering to existing shareholders, putting Nvidia Corp and Blackstone Group in a position to increase their stakes, according to people familiar with the matter.
Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst, joined Bloomberg's Paul Sweeney and Scarlet Fun to talk about the top tech stories of the day, including Nvidia's new systems and buybacks. Nvidia Corp., the chip developer at the heart of the artificial intelligence boom, increased the size of its share buyback plan by $150 billion, increasing the total remaining amount authorized to $235 billion. Nvidia will complete the buyback through fiscal 2028, the Santa Clara, California-based company said in a statement on Monday. (Source: Bloomberg)
On this episode of Stock Movers: - Nvidia (NVDA) shares are up after the board of the leader in AI chips authorized an additional $150 billion under the company’s existing share-repurchase program. The move increases the total remaining amount authorized to $235 billion. - Australia’s Northern Star Resources Ltd. rejected a takeover approach from South African rival Gold Fields Ltd. that could have created the second-largest gold miner, saying the A$38.7 billion ($27.1 billion) cash-and-shares offer undervalued its business. - Roblox (RBLX) was cut to underperform from hold at Jefferies, which said the stock’s 30% rally since the gaming company’s second-quarter results in July reflects an overly optimistic view of bookings for the next 12 months. (Source: Bloomberg)
US equity futures and Treasuries fall as uncertainties around the conflict between the US and Iran push oil higher and lifts concerns around inflation. Tehran says it's sticking to its proposal to reopen the Strait of Hormuz that President Trump has rejected. The US and China release a detailed plan to cut tariffs on about $30 billion of imports from each nation. Nvidia introduces a new double-layered AI security system that will keep agents from going awry. Aneeka Gupta of Wisdomtree joins "Bloomberg Brief" to discuss the market pricing in long-term uncertainty. (Source: Bloomberg)
There is little question that Jensen Huang and Lisa Su, the heads of US semiconductor chip giants Nvidia and Advanced Micro Devices (AMD), had secured two of the best seats in the house at the White House state dinner on Thursday evening: at the head table alongside the two presidents and their wives. But what remains unclear is how much progress they were able to make on their primary goal of restoring access to the Chinese market, amid entrenched opposition to that happening in both China and...
Derivatives tied to Nvidia Corp. are now among the most traded in the US credit default swaps market, as investors seek to hedge their exposure to the firm’s debt in the wake of June’s $25 billion bond sale.
The shares sell for half the multiple they fetched in 2025.
Nvidia Corp.’s sinking stock valuation is sending a warning signal about the chipmaker’s prospects for maintaining its booming profit growth.
Tokyo, Sept. 12 (Jiji Press)--Shoichiro Irimajiri, former president of what is now Japan's Sega Co., said in a recent interview that he had decided to invest 5 million dollars in then-fledgling U.S. chipmaker Nvidia Corp. in the late 1990s because he was impressed by the character of its CEO, Jensen Huang. Irimajiri, 86, was head of then-Sega Enterprises Ltd. when he persuaded the company's ...