Alibaba shares fall 3% as AI spending drives 75% drop in net income
China’s Alibaba on Thursday posted a 75% fall in profits for the June quarter as AI spending weighed…
Rolls-Royce says defense, data centers and nuclear underpin next phase of growth
Rolls-Royce is deepening its exposure to the AI infrastructure boom, with the British engineering group forecasting that continuous…
Ryanair stock slides 6% as higher fuel costs amid Iran war dent profit
This photograph shows an aircraft of low-cost Irish airline Ryanair parked at the Thessaloniki airport “Makedonia”, in Thessaloniki…
ASML hikes sales forecast on strong AI chip demand
ASML on Wednesday raised its guidance for the second time this year as its customers continue to ramp…
Alibaba’s core profit plunges even as AI and cloud growth accelerate
Jaap Arriens | Nurphoto | Getty Images Alibaba on Wednesday said its core profitability plunged in the March…
SoftBank posts $46 billion gain at Vision Fund driven by OpenAI bet
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in…
ASML raises 2026 guidance as AI chip demand stays strong
ASML raised its sales forecast for 2026 after it beat first-quarter revenue and profit expectations, driven by continued…
Revolut reports record 2025 profit as it gears up for U.S. push
British fintech Revolut on Tuesday reported a record annual pretax profit, as it ramps up plans to expand…
Heineken to slash up to 6,000 jobs in AI ‘productivity savings’
Dutch brewer Heineken is planning to lay off up to up to 7% of its workforce, as it…