Intel projects second-quarter revenue will surpass Wall Street expectations, driven by strong demand for its server processors used in artificial intelligence (AI) data centres. Shares of Intel climbed 19% in extended trading, adding USD 64 billion to its market value. Credit: INTEL This surge extends the company’s 81% rebound so far this year. Nasdaq futures rose 0.3%, indicating traders anticipate a rise in the tech-heavy index. The company expects revenue between USD 13.8

SK Hynix, a supplier to Nvidia, reported a more than five-fold increase in its first-quarter operating profit, reaching a record high. The strong results were driven by soaring demand for advanced and conventional memory chips, fuelled by the artificial intelligence (AI) boom.

Adobe on Tuesday announced a share repurchase program worth up to USD 25 billion, running through Apr. 30, 2030. The company seeks to reassure investors about its growth strategy amid the rise of creative autonomous tools. Credit: UNSPLASH Following the announcement, Adobe shares rose around 2% in extended trading. However, the stock has fallen around 30% this year, as investors weigh the effects of new agentic models, which many fear could reduce demand for traditional softw

Amazon announced it will invest up to USD 25 billion in Anthropic, with the artificial intelligence startup committing to spending more than USD 100 billion on Amazon's cloud technologies over the next 10 years. This deal strengthens the relationship between the two organisations, as Anthropic seeks to secure capacity for bolstering its models. Credit: UNSPLASH Seattle-based Amazon will initially invest USD 5 billion in Anthropic, with an additional USD 20 billion to follow,

Contemporary Amperex Technology Ltd (CATL), an electric vehicle (EV) battery producer, plans to invest US$4.4 billion to establish a subsidiary. This new entity will manage and expand the company's mining assets, responding to a global energy shock. The investment aims to accelerate CATL's entry into the automotive and energy storage system (ESS) markets.

Hong Kong is set to see stablecoins integrated into everyday transactions for its 3.3 million PayMe users, with HSBC preparing to introduce the digital currency in the second half of the year. This move follows a breakthrough in digital finance development.

ChatGPT-maker OpenAI is pausing its main data centre project in Britain over an unfavourable regulatory environment and high energy costs. This decision deals a blow to the UK government's push to position the country as a global artificial intelligence hub. Credit: UNSPLASH Microsoft-backed OpenAI, a leading player following the widespread adoption of ChatGPT, stated on Thursday it would proceed with the data centre once conditions supported sustained, long-term investment.

OpenAI intends to reserve a portion of its initial public offering shares for individual investors, Chief Financial Officer Sarah Friar told CNBC. The ChatGPT creator saw "really strong demand" from individuals during its latest funding round. The artificial intelligence organisation is preparing for a highly anticipated U.S. stock market listing. It could be valued at up to USD 1 trillion, with a potential filing with securities regulators in the second half of 2026, Reuters