Esteban Tesson

PDD Holdings penalized by slowing Chinese consumption

Chinese e-commerce giant PDD Holdings reported a sharp decline in quarterly profit and revenue that missed market expectations, amid persistent weakness in demand in China. The group's shares tumbled nearly 11% in intraday trading. Chinese retailers continue to suffer from the fallout of the real estate crisis, employment concerns and slowing household income growth, all of which are weighing heavily on consumption.

May 27, 2026 at 06:46 pm

Andrew Houston to step down as Dropbox CEO after nearly two decades

Dropbox has announced the upcoming departure of its CEO and co-founder Andrew Houston, who will step down following a transition period. Ashraf Alkarmi, currently head of the group's core products, has been appointed co-CEO before taking charge of the company. The announcement was met with a cool reception from the markets, with Dropbox shares closing down almost 3.5% yestereday (pre-market trading -1.6% today).

May 27, 2026 at 03:58 pm

Sunshine Silver targets $2.32bn valuation in upcoming IPO

Sunshine Silver Mining & Refining Company is planning a US IPO that could value the firm at up to $2.32bn. The American company aims to raise up to $330m by offering 20 million shares within a price range of $13.50 to $16.50 per share. Proceeds are primarily intended to fund the restart of a former mine in Idaho that previously produced silver, antimony and other minerals.

May 27, 2026 at 09:16 am

Volvo Cars secures US waiver for Chinese connected vehicle technology

Volvo Cars has announced that it has received authorization from US authorities to continue selling vehicles in the United States featuring connected car technologies developed in China. The Swedish automaker, majority-owned by China's Geely Holding, stated that this waiver followed discussions with the US Department of Commerce regarding governance, technology and data security.

May 27, 2026 at 07:09 am

Qualcomm strikes strategic AI chip deal with ByteDance

Qualcomm has reached an agreement with TikTok owner ByteDance to supply chips for AI-focused data centers, according to reports from Bloomberg News. The announcement was welcomed by the markets, with the US group's stock climbing approximately 5% following the news.

May 26, 2026 at 07:02 pm

Oklo seeks to leverage weapons-grade plutonium to power its future nuclear reactors

US company Oklo has announced its selection by the US Department of Energy to enter advanced discussions regarding the use of Cold War-era plutonium as a potential fuel source for its nuclear reactors. The Trump administration plans to make approximately 20 metric tons of plutonium from dismantled nuclear warheads available to power next-generation nuclear reactors.

May 26, 2026 at 05:37 pm

Quantinuum targets $12.7bn valuation for its IPO

Quantinuum, the quantum computing firm controlled by Honeywell, is seeking a valuation of up to $12.7bn for its US initial public offering. The company plans to raise as much as $1.05bn by offering approximately 21.05 million shares in a price range of $45 to $50 per share. During its last funding round in September, Quantinuum was valued at $10bn.

May 26, 2026 at 05:34 pm

Anthropic may tap Microsoft AI chips to curb Nvidia reliance

Anthropic is in talks with Microsoft to utilize the US tech giant's Maia 200 artificial intelligence chips, according to sources from The Information, later confirmed by CNBC. While no definitive agreement has been signed, such a deal would represent a significant strategic milestone for Microsoft in the specialized AI processor market. The group is seeking to bolster its position against Amazon and Google in cloud infrastructure dedicated to artificial intelligence.

May 21, 2026 at 10:16 pm

Arm surges following Nvidia earnings call

While Nvidia once again delivered robust financial results, it was indeed the group's earnings call that truly captured the market's attention. Jensen Huang's remarks regarding processors designed for agentic AI particularly benefited Arm, whose shares jumped nearly 12% during the session.

May 21, 2026 at 10:13 pm

Nvidia pivots toward a new diversification narrative

After opening flat, Nvidia shares are trading slightly lower (-2%) after rising over 1% in the previous session. The semiconductor giant notably unveiled a new revenue presentation, introducing an unprecedented segmentation designed to drive home a clear message: Nvidia is no longer solely dependent on hyperscalers and is now part of a broader diversification of its end markets.

May 21, 2026 at 07:13 pm

Nvidia raises guidance and launches massive $80bn dollar share buyback program

Nvidia posted revenue forecasts that exceeded Wall Street expectations, while announcing an $80bn share repurchase program, confirming the persistent strength of global demand related to artificial intelligence. The group projects Q2 revenue of $91bn, plus or minus 2%, compared to the $86.84bn expected by analysts according to LSEG. Despite these solid prospects, the stock fell slightly in after-hours trading.

May 21, 2026 at 08:04 am

Fed considers further rate hikes amid persistent inflationary risks

US Federal Reserve officials suggested at their latest meeting that they may have to increase interest rates if the conflict with Iran continues to fuel inflation, according to minutes released on Wednesday. Although the Fed ultimately held its benchmark rate within a 3.5% to 3.75% range, the discussions revealed growing divisions within the monetary committee. The meeting was marked by four dissenting votes, a level of disagreement that has not been seen since 1992.

May 20, 2026 at 10:14 pm

OpenAI prepares for record-breaking IPO

OpenAI is preparing to confidentially file a draft registration statement for an initial public offering, according to reports confirmed by CNBC. The artificial intelligence specialist, valued at over $850bn on private markets, is reportedly working with several major investment banks, including Goldman Sachs and Morgan Stanley, to prepare the transaction. The group is considering a market debut as early as Q4 2026, in what could become one of the largest listings in financial market history.

May 20, 2026 at 09:12 pm

French consortium seeks funding for massive AI data center

The French consortium AION plans to apply for European funding for an artificial intelligence data center project in France, with costs potentially reaching EUR10bn. The initiative falls under the EUR20bn European fund launched last December to support strategic AI infrastructure as Europe seeks to close the gap with the United States and China. According to its backers, the French project alone could account for nearly half of the European fund.

May 20, 2026 at 07:46 pm

Lam Research opens Austrian center to develop next-generation chip packaging

Lam Research has inaugurated a research facility in Salzburg, Austria, dedicated to the development of new semiconductor assembly technologies. The US-based chipmaking equipment specialist will focus its efforts on "panel-level packaging," a technology designed to increase chip density while reducing production costs. This initiative comes amid surging demand driven by artificial intelligence and the growing need for advanced processors.

May 20, 2026 at 07:43 pm

French consortium seeks funding for massive AI data center hub

The French consortium AION plans to apply for European funding for an artificial intelligence data center project in France, with costs potentially reaching 10 billion euros. The initiative falls under the 20 billion euro European fund launched last December to support strategic AI infrastructure as Europe seeks to close the gap with the United States and China. According to its backers, the French project alone could account for nearly half of this European fund.

May 20, 2026 at 06:08 pm

Philip Morris appoints Massimo Andolina as Chief Financial Officer

Philip Morris International has announced the appointment of Massimo Andolina as Chief Financial Officer, effective on August 1, succeeding Emmanuel Babeau. Mr. Babeau, who has held the position since May 2020, will remain with the group until March 31, 2027, serving as a strategic advisor to CEO Jacek Olczak. This transition comes as the group continues its pivot toward smoke-free products amid intensifying competition.

May 20, 2026 at 05:29 pm

AI-driven cyberattacks now exceed ID theft, Verizon says

Security breaches exploited via artificial intelligence became the leading cause of data violations last year, overtaking ID theft, according to Verizon's annual cybersecurity report. The US carrier stated it analyzed over 31,000 incidents and estimates that 31% of breaches originated from the exploitation of vulnerabilities in an environment increasingly shaped by the rise of AI. Verizon specifically warned of cybercriminals' ability to leverage AI to significantly accelerate the exploitation of known flaws.

May 19, 2026 at 09:59 pm

Andrej Karpathy joins Anthropic in the artificial intelligence race

Andrej Karpathy, former head of AI at Tesla and co-founder of OpenAI, has announced he is joining Anthropic, bolstering the creator of Claude in the global competition for advanced AI models. A renowned figure in the industry, Karpathy explained his desire to completely return to research and development at what he considers a decisive moment for the development of large language models. His recruitment represents a significant boost for Anthropic as it faces off against rivals like OpenAI.

May 19, 2026 at 09:18 pm

Workday scales up presence in India to accelerate AI push

Workday plans to rapidly expand its Indian workforce to support growing investments in artificial intelligence and the opening of new offices across the country. The US-based HR and enterprise management software provider, which already operates in Mumbai and two other Indian cities, is now set to establish a presence in Delhi and Bangalore. The group's headcount in India has more than doubled in just over a year, reaching around 1,300 employees.

May 19, 2026 at 05:43 pm

Microsoft bolsters India footprint with massive AI data center project

Microsoft plans to commission its largest data center in India by mid-2026 to meet surging demand for its artificial intelligence services. Puneet Chandok, President of Microsoft India & South Asia, cited "massive demand" for the Azure cloud platform and Copilot 365, the group's commercial AI assistant. Alongside Alphabet and Amazon, Microsoft views India as a strategic market, driven by its vast connected population and significant pool of tech talent.

May 19, 2026 at 05:23 pm