Following the completion of its acquisition of optical interconnect firm Celestial AI, Marvell Technology (MRVL) receives a reiterated Hold rating from Benchmark. Analysts project a multi-year ramp for the new technology, with significant revenue contributions expected by fiscal 2029.
The Hain Celestial Group has entered into a definitive agreement to sell its North American snacks portfolio, including the Terra and Garden of Eatin' brands, to Canadian manufacturer Snackruptors Inc. for $115 million, marking a strategic shift to streamline operations and bolster profitability.
Marvell Technology's acquisition of optical interconnect specialist Celestial AI marks a significant push to capture a larger share of the booming AI data center market, aiming to integrate compute and networking under a unified architecture.
In a decisive move to streamline operations and bolster its financial health, Hain Celestial Group has agreed to sell its North American snacks portfolio to family-owned Canadian firm Snackruptors. The deal marks the first major step following a comprehensive strategic review launched last year.
RBC Capital reaffirms its Outperform rating on Marvell Technology, maintaining a $105 price target. The firm highlights the strategic value of the Celestial AI acquisition and potential integration with Amazon's AI chip roadmap, despite near-term financial headwinds.
The natural foods giant divests its North American snacks portfolio, including Terra chips and Garden of Eatin', to reduce debt and concentrate on core categories like tea, yogurt, and home meal solutions amid intense competition.
Elon Musk's consolidation of his rocket and AI companies marks a bold bet on building energy-hungry data centers in space, a decades-old concept now facing its most serious test yet from a mogul with the rockets and capital to try.
Elon Musk merges his space and artificial intelligence ventures, positioning SpaceX to challenge Big Tech's AI dominance with a radical vision for orbital data centers powered by the sun.
Elon Musk consolidates his space and artificial intelligence ventures, signaling a strategic push to build solar-powered data centers in orbit using SpaceX's Starship, a move he claims could slash AI computing costs within years.
Elon Musk merges his rocket company with his AI startup, arguing that the future of scalable artificial intelligence depends on moving its immense power demands off-planet.
SpaceX is reportedly targeting June 2026 for its long-awaited public market debut, with sources suggesting the timing could be synchronized with a rare planetary alignment and CEO Elon Musk's 55th birthday, as the company seeks capital for its ambitious Mars missions.
The U.S. Equal Employment Opportunity Commission is investigating claims that Nike's diversity initiatives may have systematically disadvantaged white workers in hiring, promotions, and layoffs, seeking documents back to 2018 through a federal court subpoena.
Despite facing significant challenges including the California wildfires and a softening reinsurance market, RenaissanceRe (NYSE: RNR) reported robust 2025 results, driven by a diversified earnings strategy. The company highlights strong underwriting, investment gains, and a strategic focus on capital returns to shareholders.
The global foodservice giant Compass Group reports strong Q1 organic revenue growth exceeding 7%, driven by sports & leisure and B&I sectors. Management reaffirms full-year guidance, highlights strategic acquisition integration, and outlines a significant addressable market in data center services amidst evolving AI trends.
While both Palantir and Nvidia grapple with surging demand, Palantir's unique challenge—a severe talent shortage—proves more intractable than Nvidia's supply chain issues, casting a shadow on its international ambitions and lofty valuation.
As small-cap stocks face headwinds, strategic share purchases by company insiders are highlighting potential value opportunities in overlooked sectors from lithium mining to retail real estate.
An Indian teacher's decades-long mission to establish hundreds of community learning centers and inspire through vibrant street art in underserved neighborhoods has been honored with the prestigious Global Teacher Prize in Dubai.
Ukrainian forces conducted a series of long-range strikes in January targeting infrastructure at a Russian ballistic missile launch site, damaging buildings and a hangar at the Kapustin Yar test range, military officials confirmed.
Legendary investor Stanley Druckenmiller made a notable portfolio shift last quarter, divesting from Microsoft and initiating a position in Amazon, betting on the e-commerce giant's expansive AI integration across its businesses.
New Jersey's retail sector faces sustained pressure as bankruptcy filings hit a 15-year high. Rising interest rates, shifting consumer habits, and policy uncertainty converge, forcing iconic chains and local staples alike to restructure or shutter.
