AI chipmaker Enflame sets subscription date for near $900 million Shanghai IPO
Chinese AI chipmaker Enflame Technology plans to raise approximately $892 million through an IPO on Shanghai’s STAR Market, with share subscriptions opening September 2.
Walmart Just Reported Earnings. Here’s Whether the Dividend Stock Is Still a Buy.
Walmart reported fiscal second-quarter results showing 5.1% revenue growth and 2.6% U.S. same-store sales growth, but analysts question whether its rich valuation and below-average dividend yield justify buying.
Avantus secures $300m in tax equity for Aratina 2 solar storage project
Avantus obtained $300m in tax equity financing from Truist Bank for its Aratina 2 solar and battery storage project in California, following earlier construction funding secured last month.
RUM Group signs six-year $13.7bn GPU services contract
RUM Group, which hosts Truth Social, has signed a six-year agreement valued at approximately $13.7bn to supply GPU services and AI chip infrastructure from its Georgia data centre.
Japanese automakers vulnerable to one-two punch of Iran war, yen rally
Japanese automakers face headwinds from potential yen strengthening and Middle East conflict, which could disrupt supply chains and inflate raw material costs despite recent strong quarterly results.
Credit card issuer Synchrony announces partnership with OpenAI
Synchrony Financial announced a collaboration with OpenAI to integrate artificial intelligence models into its consumer portals and customer experiences for its credit card brands including Amazon, Walmart, and Lowe’s.