SAP's finance chief, Dominik Asam, stated that for generative AI to deliver significant returns, enterprises must move beyond simple chatbots and integrate the technology into core business functions where data integrity and reliability are paramount.
Amkor Technology and Nvidia have entered a multi-year, $1.5 billion agreement to expand advanced semiconductor packaging in the U.S., sending Amkor's shares soaring 17% in after-hours trading.
Defense technology company Lyntris has filed for an initial public offering on the NYSE, as heightened geopolitical tensions continue to drive investor interest in the sector.
Financial firm BTIG has raised its price targets on several specialty labs and diagnostics stocks, noting that valuations are climbing across the sector ahead of Q2 earnings. The firm reiterated Guardant Health as its top pick and highlighted Natera's record $40 billion market capitalization.
U.S. equity markets closed broadly lower on Thursday, with the tech-heavy Nasdaq Composite leading the decline. A sharp drop in shares of Tesla and other major technology firms overshadowed gains in some industrial and healthcare names.
Brazil's benchmark stock index, the Bovespa, fell 0.46% on Thursday, weighed down by significant losses in the real estate, consumption, and industrial sectors. The decline came amid a rise in market volatility and a weakening of the Brazilian real against the U.S. dollar.
Canada's main stock index fell on Thursday, dragged lower by losses in the information technology and real estate sectors. The decline came as market volatility increased, even as crude oil prices posted significant gains.
Deckers Brands reported its first-ever $1 billion first quarter, beating profit estimates and raising its EPS forecast. However, shares declined as the company's full-year revenue outlook remained unchanged, slightly missing Wall Street's expectations.
The world's largest gold miner reported adjusted earnings of $2.10 per share, beating analyst forecasts, as a surge in realized gold prices compensated for a year-over-year decline in output.
