Moody's Ratings raised Micron Technology's senior unsecured debt to Baa1, citing improved revenue visibility from new customer agreements and strong market demand driven by artificial intelligence.
A data center developer for AI firm Anthropic is reportedly finalizing a $15 billion financing deal for a new Texas campus, with Google providing crucial financial guarantees in exchange for an equity stake.
Data center developer Nexus is reportedly in advanced talks for a $15 billion loan to build a Texas campus for AI firm Anthropic, a deal backed by financial guarantees from Google, according to the Wall Street Journal.
The ChatGPT creator has significantly reduced costs for its smaller AI models, a move aimed at attracting cost-conscious businesses and intensifying competition with rivals like Anthropic and lower-cost open-source alternatives.
Strategy is set to report its second-quarter earnings, where a significant unrealized loss on its vast bitcoin holdings is expected to overshadow the performance of its core software business. Investors will be closely watching for management's commentary on its bitcoin strategy and balance sheet health.
Electric vehicle maker Rivian is set to report its second-quarter financial results after the market close, with Wall Street focused on delivery guidance, gross margin expansion, and updates on its crucial R2 vehicle launch.
Reddit is set to report its second-quarter earnings, with market participants closely watching for sustained revenue growth, user metrics, and critical updates on its high-stakes AI data licensing deals.
The sandwich chain's stock opened significantly below its initial public offering price on Thursday, securing a market valuation of about $6.7 billion in a challenging environment for restaurant IPOs.
Unitree Technology, a Chinese robotics manufacturer, disclosed in its IPO filing that new U.S. restrictions on foreign-made advanced robots could significantly limit its overseas expansion and sales in the American market.
