Palantir reports Q3 revenue up 63% YoY to $1.18B, vs. $1.09B est., US government revenue up 52% YoY to $486M, and projects Q4 revenue above est.; PLTR drops 5%+
So Why Is The Stock Crashing? Naomi Li Gan / Tech in Asia : Palantir posts $1.2b Q3 revenue on strong AI demand Danny Vena / Motley Fool : Palantir CEO Alex Karp Just Delivered Incredible News for Nvi...
Taiwan's vice premier, who is leading US negotiations, says Taiwan would not agree to a 50-50 split in chip production, adding no such condition was discussed
trade discussion to be focused on Section 232 investigation for preferential deal on semiconductors DigiTimes : Taiwan rejects US proposal for 50-50 chip production split John Liu / CNN : Taiwan says ...
Lenovo reports Q1 revenue up 22% YoY to $18.8B, vs. $17.4B est., and net profit up 108% YoY to $505M, vs. $307.7M est., despite the US tariffs on Chinese goods
Update Xinmei Shen / South China Morning Post : PC maker Lenovo reports record quarterly revenue despite the ‘challenges’ of US tariffs MarketWatch : Lenovo First-Quarter Net Profit Soars Despite Tari...
Regeneron Pharmaceuticals says it will acquire 23andMe's assets, including its Personal Genome Service, for $256M, set to close in Q3, in the bankruptcy auction
But What Happens to Your Data? David Braue / Information Age : Biotech buys bankrupt DNA data firm 23andMe for $400m Naomi Li Gan / Tech in Asia : Pharma giant Regeneron to buy genetics firm 23andMe f...
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023
Bill Peters / MarketWatch :
Klaviyo closes up 9.2% in its New York Stock Exchange debut, valuing the Shopify-backed e-commerce marketing company at $9.9B on a fully diluted basis
but Important—IPO — We tend to lionize founders who start companies with the splashiest … Fortune : A day after a blockbuster debut, Instacart's shares go in reverse and briefly sink below their IPO...
Coinbase reports Q1 revenue down 34% YoY to $772.5M, vs. $655M est., net loss down 82% YoY to $78.9M, $145B in trading volume, vs. $147.7B est.; COIN jumps 15%+
Bill Peters / MarketWatch :
Intel co-founder Gordon Moore, the author of Moore's Law, dies at 94
and the world it created Bloomberg : Gordon Moore, Intel Co-Founder Who Coined Chip Rule, Dies at 94 Aman Gupta / Livemint : Who was Gordon Moore? 10 things to know about the Intel co-founder Paul Alc...
AMD Q1: revenue grew 71% YoY to $5.89B, including $2.8B from Computing and Graphics, up 33% YoY, and $2.5B from Enterprise, Embedded and Semi-Custom, up 88% YoY
Hey Global Investor! Steve Dent / Engadget : AMD teases new ‘Dragon Range’ CPUs for high-end gaming laptops Dylan Martin / The Register : AMD to offer CPUs with Xilinx AI engine in 2023 Wallace Witkow...
Beike, a Chinese online property brokerage backed by Tencent and Softbank, raises $2.12B in its US IPO, with the stock up 87%, despite US-China tensions
Jon Swartz / MarketWatch : Tweets: @marketwatch and @marketwatch Tweets: @marketwatch : Shares of KE Holdings, a Chinese online property platform, soared 87% in a blockbuster public debut Thursday th...