Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
A report says Nvidia is in talks to invest in Perplexity AI at a valuation above $30 billion, highlighting how major chip makers are looking beyond data-center hardware into AI application ecosystems.
THE APEX TIMES
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A report citing people who have used a prototype foldable iPhone suggests design choices that could shape how the device feels in the hand, helping lift sentiment ahead of Apple’s next major product disclosures.
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Potential bidders including Exxon Mobil and LyondellBasell have been pulled into the conversation around Shell’s planned sale of multibillion-dollar chemical assets in the United States, according to a market report published Tuesday.
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A new market report looking to 2035 points to expanding defense demand for high-power microwave (HPM) capabilities, citing counter-unmanned aircraft needs and broader electronic warfare and directed-energy modernization. Lockheed Martin is included among the firms profiled.
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Morgan Stanley opened coverage of Rio Tinto’s NYSE-listed American Depositary Receipts with an Underweight rating and a $90 price target, implying about 14% downside based on the exchange rate used in its setup.
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Coverage tied to BlackRock says Bitcoin’s recent drop should be evaluated over years, not weeks. The renewed discussion comes as the cryptocurrency has fallen about 40% from recent levels.
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The investor’s comments, shared via a market-news post, suggest the market may be overrun by buyers chasing results, leaving less upside even if Nvidia reports strong numbers.
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A widely followed investing post says UPS’s dividend growth may stay stalled for years, pointing to a roughly 6.4% dividend yield as evidence that investors are already discounting limited progress.
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A recent market column argues Nvidia’s AI chips and broader platform position it as a leading way to participate in the buildout of AI infrastructure, pointing to continued data-center momentum and the strength of its end-to-end ecosystem.
