Esteban Tesson

Intuit disappoints with its annual guidance and slides after hours

Intuit posted fiscal 2027 guidance that came in below Wall Street expectations, as the group prioritizes winning new customers and gaining market share at the expense of near-term growth. The software publisher's shares fell more than 7% after the close, taking its decline since the start of the year to more than 44%.

26 August 2026 at 06:27 am AEST

Google Tailors Gemini Enterprise for the Legal Sector

Google has launched Gemini Enterprise for Legal, a version of its artificial intelligence platform aimed at law firms and legal professionals. The offering is designed to automate legal and administrative tasks, from research to document drafting, allowing lawyers to focus on higher value-added work. Google says data will remain secure and confidential, and it is offering several AI models to give users greater flexibility.

26 August 2026 at 02:13 am AEST

Shein plans up to $3.5bn for certain investors in its IPO

Shein plans to pay up to $3.5bn to certain existing investors as part of its Hong Kong IPO, partly to offset the sharp drop in its valuation. Potential beneficiaries include entities linked to Boyu Capital, Tiger Global, General Atlantic, Thrive Capital, Mubadala and Brookfield. These investors hold preferred shares with protective mechanisms if the IPO is completed at a valuation below that of previous fundraising rounds.

25 August 2026 at 05:36 am AEST

Nvidia readies the launch of its Groq racks dedicated to inference

Nvidia has announced full-scale production of its Groq 3 LPX rack, stemming from its December acquisition of Groq assets for $20bn, the largest deal in the company's history. The system will be deployed this year at cloud provider Nebius, alongside Vera processors and Rubin GPUs. Nvidia aims to meet rising demand for low-latency inference, a critical requirement for AI agents and coding applications that need rapid responses.

25 August 2026 at 01:58 am AEST

Berkshire Makes Alphabet Its Third-Largest Public Equity Holding

Berkshire Hathaway sharply increased its stake in Alphabet in the second quarter, making Google's parent its third-largest U.S. listed equity position, behind Apple and American Express. The conglomerate held about 106 million Alphabet shares at the end of June, valued at $37.9bn, after an 83% jump in the number of shares held. Much of the gain stems from a $10bn private purchase intended to support Alphabet's investments in artificial intelligence infrastructure.

15 August 2026 at 06:49 am AEST

AMD targets up to $5bn in the bond market

AMD has launched a four-tranche bond offering to raise between $4bn and $5bn and increase its financial flexibility. The deal covers senior unsecured notes maturing in 2029, 2031, 2033 and 2036. Early discussions point to premiums of roughly 70, 90, 100 and 115 basis points, respectively, over US Treasuries. Pricing is expected on August 17.

14 August 2026 at 04:43 am AEST

Cerebras raises its outlook on AI demand

Cerebras Systems has raised its annual revenue and gross margin targets, buoyed by corporate investment in data centers dedicated to artificial intelligence. The company is aiming to take on Nvidia by focusing in particular on inference, using its Wafer-Scale Engine (WSE), a dinner plate-sized chip that packs trillions of transistors and comes with memory built in to speed up computing and data transfers.

13 August 2026 at 06:32 am AEST

Ancora offers up to $1.2bn for an H.B. Fuller business

Activist investor Ancora Holdings is proposing to buy H.B. Fuller's Building Adhesive Solutions unit in an all-cash deal valued at up to $1.2bn. In a letter to the board, the fund is urging the adhesives maker to consider the divestiture and says it is ready to immediately sign a confidentiality agreement to begin due diligence. Ancora said it re-engaged with H.B. Fuller's management in early July but has received no substantive response since.

13 August 2026 at 05:36 am AEST

Lumentum lifted by the boom in AI infrastructure

Lumentum Holdings beat expectations in the fourth quarter and issued first-quarter guidance above the consensus. The photonics products maker is benefiting from rising demand for its high-performance lasers and optical components used in AI infrastructure, cloud computing and communications networks. According to CEO Michael Hurlston, the increase in speed and bandwidth required for AI computing workloads is pushing data centers to favor optical links.

13 August 2026 at 01:30 am AEST

Nebius tops expectations as demand for AI infrastructure surges

Nebius reported second-quarter revenue above expectations, supported by demand for artificial intelligence computing capacity that continues to outstrip supply. The group is racking up large-scale contracts, raising its capacity ambitions and pressing ahead with massive investments in its infrastructure. Its stock is currently up more than 20%.

13 August 2026 at 12:38 am AEST

The Norwegian sovereign wealth fund discloses a $1.22bn stake in SpaceX

The Norwegian sovereign wealth fund, which manages $2,300bn in assets, held 0.05% of SpaceX as of June 30, a stake valued at $1.22bn. This position, disclosed for the first time in a portfolio update, remains small compared with its largest technology holdings. The fund owns an average 1.5% of the world's listed companies and holds stakes in around 7,100 companies, as well as real estate assets and renewable energy projects.

12 August 2026 at 06:54 am AEST

Barrick hands its international operations to Sebastiaan Bock ahead of its North American IPO

Barrick Mining has appointed Sebastiaan Bock as chief executive of its Rest of World division, effective immediately. He will oversee the group's gold and copper assets in Africa, the Middle East, Latin America and Asia-Pacific, representing more than 2m gold-equivalent ounces of annual output. He joined Barrick in 2019 as chief financial officer for Africa and the Middle East and became chief operating officer for the region in 2022.

12 August 2026 at 04:53 am AEST

Riot Platforms signs a $9.1bn deal with Anthropic and steps up its push into AI

Riot Platforms has signed a 20-year contract with Anthropic to supply computing capacity, representing $9.1bn in revenue. The agreement covers 191 megawatts at its Rockdale campus in Texas, giving Anthropic access to power capacity already connected to the grid. The total could reach about $16.1bn with two five-year extensions. Riot shares jumped more than 20% after the announcement before giving back almost all of those gains.

12 August 2026 at 04:02 am AEST

Nvidia readies Nemotron 4, a giant model to strengthen its open AI offering

Nvidia is developing Nemotron 4, a new family of artificial intelligence models designed to go head-to-head with the best open systems. Its most powerful model is expected to reach at least 1,000bn parameters, amid intense international competition and growing interest in open-weight technologies.

12 August 2026 at 03:19 am AEST

Barrick gets Newmont's approval to list its North American assets

Barrick Mining has cleared a major hurdle in its plan to take its North American gold business public by reaching a $1.95bn deal with Newmont. The progress comes as the group posted quarterly profit below expectations, weighed down by a sharp rise in costs despite a surge in gold prices.

11 August 2026 at 05:17 am AEST

Disney+ and Hulu step up video podcast push with iHeartMedia

Disney+ and Hulu have struck a partnership with iHeartMedia to stream video versions of six podcasts, bolstering their libraries in a fast-growing streaming format. The move is designed to attract and retain more users as Netflix and HBO Max also invest in this market. The financial terms of the deal were not disclosed.

11 August 2026 at 02:43 am AEST

Microchip Technology beats expectations on data centers and industrial demand

Microchip Technology delivered second-quarter guidance above Wall Street expectations, supported by demand for semiconductors used in artificial intelligence-related data centers. The company is also benefiting from a rebound in its industrial and automotive markets, while aerospace and defense spending remains solid against a backdrop of geopolitical tensions.

07 August 2026 at 08:37 am AEST

Instacart forecasts a stronger-than-expected third quarter on steady demand

Instacart raised its third-quarter outlook, projecting gross transaction value (GTV) and adjusted operating profit above Wall Street expectations. The company is benefiting from steady demand for online grocery delivery, as consumers prioritize competitively priced shopping and fast delivery services amid continued pressure on their purchasing power. The stock is up more than 10% in extended trading.

07 August 2026 at 06:22 am AEST

Mike Joo leaves Bank of America after twenty years with the group

Bank of America is losing one of its top executives with the departure of Mike Joo, global co-head of investment banking, who is joining another company. The move comes as the bank pursues an active hiring strategy to bolster its advisory teams, amid strong activity in the mergers and acquisitions market.

07 August 2026 at 03:53 am AEST

Alphabet readies a bond sale of up to $25bn to fund AI

Alphabet plans to raise between $20bn and $25bn in the US bond market to support its massive investments in artificial intelligence. The deal comes as the group's spending surge weighs on cash flow and fuels investor questions.

07 August 2026 at 01:35 am AEST

Sandisk sees a better-than-expected quarter on AI-driven memory demand

Sandisk posted revenue and profit guidance above expectations, supported by strong demand for memory chips used in artificial intelligence data centers. Despite the upbeat outlook, the stock fell 6% after the Wall Street close, as investors stayed cautious after the shares' sharp run-up this year.

06 August 2026 at 07:30 am AEST