Browsing Tag
Google
212 posts
Marvell hands Google $12.2bn warrant to close hyperscaler custom silicon sweep
Marvell's $12.2bn Google warrant vests only against $120bn in cumulative custom silicon revenue, six times its current data centre run rate through fiscal 2033.
Form Energy secures $750m as 80 GWh backlog pushes iron-air batteries into AI grid infrastructure
Form Energy has secured $750 million after its commercial backlog expanded from about 20 GWh to 80 GWh. The funding gives its 100-hour iron-air battery a pathway toward industrial scale, but manufacturing execution must now catch up with demand from Google, Xcel Energy, Crusoe and utility customers.
SpaceX finalises $60bn Cursor acquisition, targets Anthropic in AI coding fight
SpaceX closed its $60B all-stock Cursor acquisition on Aug 14, diluting 3.4% as Cursor's coding share slid from 41% to 26% under Anthropic pressure.
Sandisk (SNDK) targets 80% gross margins and 100% cash return through FY2030
Sandisk's FY2028-2030 model targets 80% non-GAAP gross margins and 100% excess cash return, testing whether NBM contracts have broken NAND's cyclicality.
LSEG’s £3.45bn buyback puts AI monetisation under a harder valuation test
London Stock Exchange Group plc is generating record margins, cash flow and shareholder returns while pushing deeper into artificial intelligence. The harder question is whether AI can accelerate subscription growth enough to close the valuation gap that opened during the technology disruption scare.
WPP shares surge after results, but Cindy Rose still has to solve the growth problem
WPP plc shares have held most of their post-results surge after second-quarter revenue trends improved sharply, but falling sales, £2.9 billion of net debt and intensifying AI competition mean stabilisation is only the first stage of Cindy Rose’s turnaround.
ESS Tech signs 500 MWh sodium-ion framework LOI with Juniper Energy
ESS Tech's 500 MWh Juniper Energy LOI targets a 2027 California start, with Q2 results due 13 August and cash below $14M testing the sodium-ion pivot at NYSE.
Enlight Renewable Energy (ENLT) raises 2026 guidance as $2.6bn CO Bar buildout tests execution
Enlight Renewable Energy delivered 55% growth in second-quarter revenues and income and raised its 2026 outlook as new projects, electricity trading and stronger power prices lifted performance. The next test is whether the company can convert a rapidly expanding construction portfolio, led by Arizona’s CO Bar solar-storage complex, into durable cash flow without weakening capital discipline.
Fusion just pulled in another $1bn, and Commonwealth Fusion Systems is the market test
Commonwealth Fusion Systems’ latest $1 billion equity raise brings its total capital to $4 billion, but the real test is whether SPARC can unlock a financeable path to the ARC fusion power plant in Virginia.
Magic Leap layoffs rise to 269 as augmented reality pioneer abandons first-party devices
Magic Leap is eliminating 269 positions across Florida and California as it retreats from branded augmented reality devices and becomes an optics supplier for artificial intelligence glasses.