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NXP Semiconductors forecasts upbeat quarter, signaling industrial market bottom
Reuters· 2026-02-02 22:44
NXP Semiconductors on Monday forecast first-quarter revenue above Wall Street estimates, anticipating a robust automotive market and consistent industrial demand. ...
Indian refiners need wind-down period for Russian oil, sources say
Reuters· 2026-02-02 22:24
Core Viewpoint - Indian refiners require a wind-down period to finalize Russian oil deals before any potential halt in imports from Russia, and the government has not yet mandated a stop to these imports [1] Group 1 - Indian refiners are currently engaged in Russian oil deals that need to be completed before any import cessation can occur [1] - The government has not issued any orders to stop imports of Russian oil at this time [1]
Teradyne forecasts upbeat quarterly revenue
Reuters· 2026-02-02 22:12
Core Viewpoint - Teradyne forecasts first-quarter revenue exceeding Wall Street estimates, driven by significant investments from technology companies in data center expansion to support AI capabilities [1] Group 1: Company Insights - Teradyne's revenue forecast for the first quarter is above Wall Street expectations, indicating strong demand in the market [1] - The anticipated revenue growth is attributed to multibillion-dollar investments by technology firms, highlighting a trend towards enhancing data center infrastructure [1] Group 2: Industry Trends - The technology sector is experiencing a surge in investments focused on data center expansion, which is essential for enabling advanced AI functionalities [1] - This trend reflects a broader industry shift towards integrating AI capabilities into existing infrastructures, suggesting potential growth opportunities for companies involved in data center technologies [1]
Waymo valued at $126 billion in latest financing
Reuters· 2026-02-02 22:11
Group 1 - Waymo, a unit of Alphabet, has successfully raised $16 billion in its latest fundraising round [1] - This fundraising round has resulted in a valuation of $126 billion for the self-driving car startup [1]
DaVita forecasts 2026 profit above estimates on steady dialysis service demand; shares jump
Reuters· 2026-02-02 22:06
Core Viewpoint - DaVita projected annual profit above estimates following better-than-expected fourth-quarter results driven by steady demand for kidney dialysis services, resulting in a 13% increase in shares [1] Group 1: Financial Performance - DaVita reported fourth-quarter results that exceeded expectations, indicating strong operational performance [1] - The company’s projected annual profit is now above market estimates, reflecting confidence in future earnings [1] Group 2: Market Reaction - Following the announcement of the positive quarterly results and profit projections, DaVita's shares experienced a significant increase of 13% in after-hours trading [1]
Exclusive: Ford aluminum supplier has yet to resume full output after September fire
Reuters· 2026-02-02 21:28
Production of aluminum at Ford Motor supplier Novelis still has not fully resumed more than four months after a devastating fire disrupted supply of the metal to Ford's lucrative pickup trucks, accord... ...
Musk's SpaceX to merge with xAI at combined valuation of $1.25 trillion, Bloomberg News reports
Reuters· 2026-02-02 21:22
Elon Musk plans to merge SpaceX with xAI ahead of its IPO, with a combined valuation of $1.25 trillion, Bloomberg News reported on Monday, citing people familiar with the matter. ...
Palantir CEO defends surveillance tech as US government contracts boost sales
Reuters· 2026-02-02 21:16
Palantir Technologies CEO Alex Karp defended the firm's surveillance technology as it reported a big jump in sales on Monday, saying it has safeguards to prevent government overreach, without mentioni... ...
Exclusive: OpenAI is unsatisfied with some Nvidia chips and looking for alternatives, sources say
Reuters· 2026-02-02 21:15
OpenAI is unsatisfied with some of Nvidia's latest artificial intelligence chips, and it has sought alternatives since last year, eight sources familiar with the matter said, potentially complicating ... ...
Boeing, GE identify potential engine seal issue on 777X, Bloomberg News reports
Reuters· 2026-02-02 21:15
Core Insights - Boeing and General Electric have identified a potential durability issue with a seal on the engine powering Boeing's 777X aircraft, which could impact the aircraft's performance and safety [1] Company Summary - Boeing is facing challenges related to the durability of a seal in the engine of its 777X aircraft, which may lead to further scrutiny and potential delays in the aircraft's delivery schedule [1] - General Electric, as the engine manufacturer, is involved in addressing the identified issue, which may affect its reputation and operational efficiency [1] Industry Summary - The aviation industry may experience implications from this durability issue, as it raises concerns about engine reliability and safety standards, potentially affecting consumer confidence and regulatory scrutiny [1] - The situation highlights the ongoing challenges faced by aircraft manufacturers and engine suppliers in ensuring product durability and compliance with safety regulations [1]