In a bid to reduce China's dominance in the rare-earth magnet sector, two U.S. startups have secured a $1.4 billion deal with the Trump administration and private investors.
The U.S. reportedly approved Microsoft Corp (NASDAQ:MSFT) to ship the U.S. chip designer's artificial intelligence chips for use in the United Arab Emirates (UAE).
China has boosted subsidies for major data centers, slashing their energy bills by up to 50% to support domestic chipmakers and strengthen global competitiveness.
Beijing has reportedly issued a directive banning foreign artificial intelligence chips in state-funded data centers amid an intensifying U.S.-China tech war.
Earnings Results
Palantir Technologies Inc (NASDAQ:PLTR) reported revenue of $1.18 billion for the third quarter, beating estimates of $1.09 billion and adjusted earnings of 21 cents per share, beating estimates of 17 cents per share.
Spotify Technology S.A. (NYSE:SPOT) posted third-quarter 2025 earnings of $3.83 per share, surpassing the consensus estimate of a $1.87 profit, and revenue reached $4.99 billion (4.19 billion euros), and ahead of projections of $4.92 billion.
Uber Technologies (NYSE: UBER) reported third-quarter FY25 revenue of $13.47 billion, surpassing the consensus of $13.28 billion and adjusted EPS of 81 cents, which beat the consensus estimate of 69 cents.
Super Micro Computer, Inc. (NASDAQ:SMCI) reported first-quarter 2026 earnings of 35 cents per share, which missed the analyst consensus estimate of 40 cents, and revenue came in at $5.01 ...
