A day in review
1. Broadcom CEO: Non-AI chip business as a whole has bottomed out. AI demand remains strong and will continue to grow in the future.
2. Salesforce has signed an agreement to acquire Own Co. for $1.9 billion in cash. The transaction is expected to be completed in the fourth quarter of fiscal year 2025. It is expected that the transaction will not affect the performance guidance for fiscal year 2025. 3. In August, the ADP employment figure in the United States increased by 0.099 million people, with an expected increase of 0.144 million people. The previous value was revised from an increase of 0.122 million people to 0.111 million people.
4. Semiconductor company XOCKETS accuses Nvidia and Microsoft of collusion in patent licensing issues. 5. Applied Digital, a data center operator in the United States, announced that it has received new financing of up to 0.16 billion US dollars, including investments from Nvidia, and its stock price soared by more than 66% after the market opened that day.
6. Tesla's stock price has increased by 5%, and it plans to launch the Full Self-Driving (FSD) system in China and Europe in the first quarter of 2025. 7. The initial jobless claims in the United States for the week ending August 31st were 0.227 million, with an expected value of 0.23 million and a previous value of 0.232 million.
8. C3.ai announced its performance, Q1 subscription revenue for fiscal year 25 fell short of expectations.
2. Salesforce has signed an agreement to acquire Own Co. for $1.9 billion in cash. The transaction is expected to be completed in the fourth quarter of fiscal year 2025. It is expected that the transaction will not affect the performance guidance for fiscal year 2025. 3. In August, the ADP employment figure in the United States increased by 0.099 million people, with an expected increase of 0.144 million people. The previous value was revised from an increase of 0.122 million people to 0.111 million people.
4. Semiconductor company XOCKETS accuses Nvidia and Microsoft of collusion in patent licensing issues. 5. Applied Digital, a data center operator in the United States, announced that it has received new financing of up to 0.16 billion US dollars, including investments from Nvidia, and its stock price soared by more than 66% after the market opened that day.
6. Tesla's stock price has increased by 5%, and it plans to launch the Full Self-Driving (FSD) system in China and Europe in the first quarter of 2025. 7. The initial jobless claims in the United States for the week ending August 31st were 0.227 million, with an expected value of 0.23 million and a previous value of 0.232 million.
8. C3.ai announced its performance, Q1 subscription revenue for fiscal year 25 fell short of expectations.
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