Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
A market report said Broadcom’s AI-related revenue run-rate could be on pace to triple to $16 billion in a single quarter. The stock’s sharp drop underscores how investors are parsing guidance, timing, and demand durability.
THE APEX TIMES
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Intel said it has started risk production of chips built on a new process technology, a step that management and investors often view as a milestone toward ramping more competitive manufacturing. The move comes as AMD has gained share in the PC and data center chip markets.
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The database and cloud company reported a decline of roughly 21,000 employees in fiscal 2026, pointing to ongoing cost and organization changes tied in part to AI adoption across its operations.
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AI chip startup Groq said it raised $650 million and is expanding staffing and leadership as it leans further into its “neocloud” business, following a high-profile non-acqui-hire arrangement involving Nvidia.
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The agreement pairs Microsoft’s expanding cloud and AI power needs with Chevron’s new natural gas generation, drawing attention to how long-term energy procurement can lock in carbon outcomes.
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The drugmaker said its SigVie-002 trial, previously called Be6A Lung-01, produced topline Phase 3 results for sigvotatug vedotin in a targeted population of patients with metastatic disease after prior treatment.
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The advocacy group said proposed changes to SB 623 would resolve key disputes between Uber and consumer-legal advocates, aiming to prevent a ballot-measure fight in California.
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The UK’s High Court of Justice has approved Eli Lilly’s acquisition of Centessa Pharmaceuticals plc, advancing a transaction aimed at expanding Lilly’s pipeline beyond current sleep disorder assets.
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Palantir said it has been asked to play a foundational role in the U.S. Army’s Next Generation Command and Control (NGC2) data layer, following an Army announcement laying out the effort to connect and manage operational information.
