Today: 26 March 2026
Subscribe

Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

Goldman Sachs Pitches Hedge Funds New Swap Trade to Bet Against Software Loans Amid AI Fears

Goldman Sachs Pitches Hedge Funds New Swap Trade to Bet Against Software Loans Amid AI Fears

Goldman Sachs is offering hedge funds a total return swap to bet on corporate loans tied to software, as AI concerns spread in credit markets, Reuters reports. No trades have been executed yet. Morgan Stanley estimates software makes up 16% of the $1.5 trillion U.S. loan market, with half rated B- or lower. Private credit activity is rising, with major banks allocating tens of billions to the sector.
10 March 2026
··········
Applied Materials, Micron strike AI memory deal as $5 billion EPIC Center nears opening

Applied Materials, Micron strike AI memory deal as $5 billion EPIC Center nears opening

Applied Materials will partner with Micron Technology to develop advanced memory for AI systems at its $5 billion EPIC research center in Silicon Valley. Applied shares rose 1.9% and Micron gained 4.3% after the announcement. The companies will focus on DRAM, high-bandwidth memory, and NAND flash, with work spanning California and Idaho. Applied recently settled U.S. export allegations for $252 million.
10 March 2026
···
Strategy Inc (MSTR) Buys $1.28 Billion in Bitcoin, Tweaks Share-Sale Plan

Strategy Inc (MSTR) Buys $1.28 Billion in Bitcoin, Tweaks Share-Sale Plan

Strategy bought 17,994 bitcoin for $1.28 billion between March 2 and March 8, raising its holdings to 738,731 tokens, according to a Monday filing. The purchase was funded mainly by $899.5 million from common stock sales and $377.1 million from STRC preferred shares. Shares fell 0.9% Tuesday morning. The company’s average bitcoin purchase price remains above current market value.
10 March 2026
···
AppLovin Lands Stagwell Tie-Up as Mobile Gaming Ads Push Into Brand Budgets

AppLovin Lands Stagwell Tie-Up as Mobile Gaming Ads Push Into Brand Budgets

AppLovin partnered with Stagwell to expand access to its Axon ad platform, which reaches over 1 billion daily users on mobile apps and connected TV. The deal adds AppLovin’s reporting and optimization tools to Stagwell’s media services. AppLovin shares fell 4.2% Tuesday amid ongoing SEC scrutiny and competition from larger rivals. The company posted Q4 revenue of $1.66 billion, up 66% from a year earlier.
10 March 2026
··
Chevron Corporation Linked to Brazil’s Ipiranga Stake Talks as Ultrapar Weighs Sale (Reuters)

Chevron Corporation Linked to Brazil’s Ipiranga Stake Talks as Ultrapar Weighs Sale (Reuters)

Chevron is in talks for a possible minority stake in Brazilian fuel distributor Ipiranga, though its role in the bidding remains unconfirmed, sources told Reuters. Ultrapar, Ipiranga’s parent, hired BTG Pactual to manage a stake sale as it seeks to reduce exposure to fuel distribution. Chevron, Ultrapar, and BTG declined to comment. Chevron shares fell $1.25 to $188.19 Tuesday; Ultrapar’s U.S. shares edged up to $5.16.
10 March 2026
·
Lam Research Corporation Joins IBM in Sub-1nm Chip Push as AI Demand Raises the Stakes

Lam Research Corporation Joins IBM in Sub-1nm Chip Push as AI Demand Raises the Stakes

Lam Research and IBM announced a five-year partnership to develop sub-1nm chipmaking processes, aiming to advance beyond current 2nm technology. Lam shares rose $4.49 to $215.64 after the news. The companies will use IBM’s Albany NanoTech Complex and Lam’s fabrication tools. ASML’s new High-NA EUV lithography systems, priced at about $400 million each, are expected to take years to fully integrate into production.
10 March 2026
···
Marvell Technology Stock Rises as Bigger AI Revenue Bet Draws Wall Street Backing

Marvell Technology Stock Rises as Bigger AI Revenue Bet Draws Wall Street Backing

Marvell Technology shares rose 0.5% to $93.11 Tuesday after the company projected fiscal 2028 revenue near $15 billion and said AI infrastructure demand from Alphabet, Meta, Microsoft, and Amazon could top $630 billion this year. The stock’s gain followed an 18.4% surge Friday after Marvell raised its long-term outlook. Marvell plans to debut new 1.6-terabit optical products at OFC 2026 in Los Angeles next week.
10 March 2026
·········
Exxon Mobil Corporation Wants a Texas Legal Home as Shareholder Battles Mount

Exxon Mobil Corporation Wants a Texas Legal Home as Shareholder Battles Mount

Exxon Mobil asked shareholders to approve moving its legal home from New Jersey to Texas, citing updated Texas corporate laws and a new business court. The shift would not affect jobs or assets but would place Exxon under Texas law. The proposal comes ahead of the company’s May 27 annual meeting and still requires shareholder and regulatory approval. Exxon expects the change could take effect around June 1.
10 March 2026
·
Intel launches edge AI chips as Lip-Bu Tan races to prove turnaround

Intel launches edge AI chips as Lip-Bu Tan races to prove turnaround

Intel launched new Core Series 2 processors for industrial and medical devices at Embedded World in Nuremberg, with systems available now and a healthcare software suite set for broader release in Q2. The company claims the chips outperform AMD's Ryzen 7 9700X on latency in its own tests. Intel shares rose 1.6% Tuesday morning in U.S. trading. Board chair Frank Yeary will retire in May, to be replaced by Craig Barratt.
10 March 2026
··
Alphabet Inc (Google) Class C Faces Indonesia Under-16 Rule as YouTube Enters Talks

Alphabet Inc (Google) Class C Faces Indonesia Under-16 Rule as YouTube Enters Talks

Indonesia will require YouTube, TikTok, Roblox, and Instagram to deactivate under-16 accounts on high-risk platforms starting March 28. YouTube and TikTok confirmed talks with officials as they review the new rule. The regulation targets core revenue streams for Alphabet, which reported over $60 billion in YouTube revenue last year. Meta warned the policy could push teens to less safe online spaces.
10 March 2026
·
Amazon AWS shifts defense AI workloads off Anthropic’s Claude after Pentagon supply-chain risk move

Amazon AWS shifts defense AI workloads off Anthropic’s Claude after Pentagon supply-chain risk move

Amazon’s cloud unit is moving Pentagon-related workloads off Anthropic’s Claude AI after the Pentagon labeled Anthropic a supply-chain risk. The move follows Anthropic’s refusal to remove safety limits on its AI, prompting a lawsuit against the government. Other agencies and contractors are also shifting away from Anthropic. Amazon remains a key Anthropic partner, with up to $8 billion invested.
10 March 2026
······
Broadcom Stock Back in Focus as $100 Billion AI Bet Sparks Fresh Rally

Broadcom Stock Back in Focus as $100 Billion AI Bet Sparks Fresh Rally

Broadcom shares closed at $345.75 on Monday, up 4.6%, after the company forecast AI chip revenue could top $100 billion in 2027. First-quarter AI revenue jumped 106% to $8.4 billion, with total revenue up 29% to $19.31 billion. The board approved a new $10 billion buyback. CEO Hock Tan said Broadcom has “line of sight” to more than $100 billion in AI chip revenue in 2027.
10 March 2026
···
Microsoft taps Anthropic for Copilot as enterprise AI agent race heats up

Microsoft taps Anthropic for Copilot as enterprise AI agent race heats up

Microsoft added Anthropic’s technology to Microsoft 365 Copilot with a new tool, Copilot Cowork, now in limited preview and expanding later in March. The company also launched Agent 365 and Microsoft 365 E7, set for general sale May 1 at $15 and $99 per user monthly. Microsoft aims to reduce reliance on OpenAI, offering Claude Sonnet models in Copilot alongside OpenAI’s. Some Copilot Cowork use will be included in the $30 Copilot plan.
10 March 2026
···
Tesla Faces Fresh Robotaxi Pressure as Zoox Expands and Safety Scrutiny Builds

Tesla Faces Fresh Robotaxi Pressure as Zoox Expands and Safety Scrutiny Builds

Amazon’s Zoox will expand robotaxi testing to Dallas and Phoenix, challenging Tesla’s lead in Austin. U.S. auto-safety officials open a national forum Tuesday on regulating driverless vehicles. Tesla began driverless rides in Austin in January but has not tested autonomous vehicles in California for six years. Waymo currently provides about 400,000 weekly rides and has logged 200 million driverless miles.
10 March 2026
··
Compass Group outlook faces fresh test as investor conferences begin after AI selloff

Compass Group outlook faces fresh test as investor conferences begin after AI selloff

Compass Group will meet investors in Florida and London on Tuesday after AI concerns overshadowed its 7.3% organic revenue growth last quarter. Shares hit a three-year low despite $4 billion in new business wins and the $1.7 billion Vermaat acquisition. The company plans to switch its share trading currency to U.S. dollars on April 1. Management faces questions as tech-sector clients drive ongoing market caution.
10 March 2026
··
1 … 25 26 27 28 29 … 720

Stock Market Today

  • Corning (GLW) Rises 8.4% on Strong Demand in AI and Consumer Electronics Markets
    March 26, 2026, 4:22 AM EDT. Shares of Corning (GLW) surged 8.4% to $142.01 amid heavy trading volume, reversing a 9.8% decline over four weeks. The specialty glass maker benefits from robust demand in consumer electronics and AI data centers, fueled by collaborations with Apple and Samsung. Optical connectivity products for generative AI and U.S.-made solar goods also boost optimism. Analysts expect Q2 earnings of $0.68 per share, up 25.9% year-over-year, with revenues rising 13.8% to $4.19 billion. Earnings estimate revisions are marginally positive, a trend often linked to rising share prices. Corning holds a Zacks Rank #3 (Hold), while sector peer NETGEAR (NTGR) climbed 10.9% but faces a downward earnings revision. Investors should monitor GLW closely for sustained momentum.
Go toTop