Blistering AI demand drives a beat and raise

Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split. Revenue in the Club name's fiscal 2024 second quarter...

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Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims

3alexd | E+ | Getty ImagesA humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties and an imminent investment from General Motors — claims rejected by the automaker.The company, called Foundation Robotics Labs, is seeking...

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Paramount Skydance deal ends. What happens next

A view of Paramount Studios's water tank as SAG-AFTRA members walk the picket line outside during their ongoing strike, in Los Angeles, California, U.S., September 26, 2023. Mario Anzuoni | ReutersNational Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what's next for the...

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Fisker recalls thousands of Ocean EVs for safety and compliance issues

The Fisker Ocean electric sports utility vehicle (SUV) during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021. Kyle Grillot | Bloomberg | Getty ImagesElectric vehicle startup Fisker announced on Wednesday that it is recalling thousands of Ocean SUVs in...

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ORCL, AAPL, RTO and more

Check out the companies making headlines in midday trading: Oracle — Shares of the software maker surged more than 12% to an all-time high after the database management company announced cloud deals with Google and OpenAI. Oracle said it would bring its database to Google's cloud in November. It...

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