Profit guidance
Samsung’s chip profit soars 48-times due to AI spending frenzy
The results reflect massive spending by hyperscalers, with both Meta Platforms and Alphabet planning to plough even bigger sums into AI infrastructure
Meta shares plunge on escalating concerns over AI spending spree
The company has announced billion-dollar deals with Nvidia, Advanced Micro Devices and Broadcom for chips and other hardware
Nomura stock hit after research affiliate writedown, Europe loss
The coming quarters may provide a test for CEO Kentaro Okuda as the Iran war puts a strain on the global economy
L’Oreal sales rise on demand for haircare and fragrances
The US beauty group has seen its shares tumble since confirming talks with Spain’s Puig Brands last month over a possible combination
LVMH sales disappoint as Middle East war crimps Dior demand
There are signs that the more exclusive brands are holding up better during the slump
From shopping to gaming: ShopBack sees over 30% growth in FY 2026
This uptick in revenue marks a departure from the flat numbers the company has seen in the past two years
Sinopec flags chemicals spending cut as profit pressure mounts
China’s massive oil reserves have given the world’s largest oil importer some breathing space to deal with the Middle East war
Xpeng shares decline as revenue forecast misses estimates
The company expects sales of 12.2 billion yuan to 13.3 billion yuan during the first three months of this year
Adobe CEO to step down in face of investor concerns over AI
Shantanu Narayen will remain in the position until a successor has been appointed
Air New Zealand suspends guidance as jet fuel fluctuates
The Middle East conflict has led to extreme volatility
