Accelevation Targets $5.37 Billion Valuation in US IPO
Accelevation, a data centre infrastructure company backed by private equity firm Olympus Partners, is targeting a valuation of up to $5.37 billion in its US initial public offering (IPO), joining a growing wave of...
Meta’s AI Agent Muse Sparks Wall Street Optimism Over New Revenue Stream
Wall Street is growing bullish on Meta Platforms as its newly launched AI agent, Muse, raises expectations of a potential new revenue stream and expanded AI monetization opportunities. Launched on September 8, Muse can...
Goldman Sachs Asset Management Raises $11.7 Billion Across Private Equity Funds
Goldman Sachs Asset Management’s alternatives unit has raised $11.7 billion across its latest private equity funds and related investment vehicles, the firm said on Tuesday. The fundraising includes $9.6 billion for its flagship West...
AI Warnings Trigger Nasdaq Selloff as Tech Stocks Slide
U.S. stock futures fell sharply on Monday, led by the Nasdaq 100, as major technology and semiconductor stocks came under pressure following calls from leading AI executives to slow the development of increasingly powerful...
Barclays Raises S&P 500 Year-End Target to 7,950
Barclays has raised its year-end target for the benchmark S&P 500 to 7,950, up from 7,800, citing stronger-than-expected corporate earnings and continued strength in technology stocks. The new target implies roughly 3.6% upside from...
U.S. Equity Funds See Biggest Outflow in Five Months
U.S. equity funds suffered their largest weekly outflow in five months in the week ended August 26, as investors reassessed the outlook for artificial intelligence ahead of Nvidia’s earnings and awaited potentially important comments...
PayPal Shares Slide After Advent-Stripe Takeover Bid Reportedly Ends
PayPal shares fell 13% in premarket trading on Friday after Bloomberg News reported that a consortium led by buyout firm Advent International and payments processor Stripe had abandoned its pursuit of the fintech company....
Nvidia Forecasts 70% Revenue Growth as AI Demand Surges
Nvidia forecast a 70% jump in revenue for its next fiscal year, significantly above Wall Street expectations of 44%, signaling that demand for AI computing remains exceptionally strong. Shares rose nearly 5% in extended...
Lyntris IPO Raises $297.5 Million
Lyntris raised $297.5 million in a downsized U.S. initial public offering after pricing its shares below the marketed range, highlighting continued investor caution despite renewed interest in defense stocks. The Falls Church, Virginia-based defense...
U.S. Stock Futures Steady as Investors Weigh Inflation and Middle East Tensions
U.S. stock index futures were largely steady on Wednesday after a technology-led selloff rattled Wall Street in the previous session, as investors assessed the inflation outlook and rising geopolitical tensions in the Middle East....